| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Good |
| Demographics | 76th | Best |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 204 Highland St, Loveland, OH, 45140, US |
| Region / Metro | Loveland |
| Year of Construction | 1979 |
| Units | 62 |
| Transaction Date | 2003-01-15 |
| Transaction Price | $960,000 |
| Buyer | TBR TIMBERCREST LLC |
| Seller | TIMBERCREST APARTMENTS LLC |
204 Highland St Loveland Multifamily Investment, 62 Units
Neighborhood occupancy trends point to steady renter demand and cash-flow durability, according to WDSuite’s CRE market data.
This suburban Loveland location carries an A neighborhood rating and is competitive among Cincinnati neighborhoods (ranked 66 out of 611). For investors, that positioning typically supports stable leasing and resident retention at multifamily assets in the area rather than outsized volatility.
Daily needs are well covered: grocery options score in the upper tier nationally while parks and restaurants also track above average. Café density and pharmacies are thinner locally, which can modestly reduce walkable convenience but does not materially detract from suburban livability for most renters.
Schools are a relative strength. The neighborhood’s average school rating sits in the top quartile nationally and near the top decile within the Cincinnati metro (31 out of 611), a factor that can underpin leasing velocity for larger units and support long-term household stability.
Neighborhood multifamily occupancy is elevated versus national norms, reinforcing income stability for well-managed assets. The renter-occupied share of housing is roughly one-quarter, indicating a smaller but durable renter base in an ownership-leaning area—supportive of demand for quality apartments without excessive new-lease churn.
Within a 3-mile radius, demographics show a broadly stable population with rising incomes and forecast household growth alongside slightly smaller household sizes. That combination suggests a larger tenant base over time and supports sustained demand for well-located rentals as new households form and seek flexible housing options.
Safety indicators for the neighborhood are mixed but generally comparable to national norms. Overall crime levels sit near the national midpoint, while property offenses show notable improvement over the past year—top quartile nationally for the pace of improvement. Violent offense levels compare less favorably than national averages, warranting routine risk management and resident-experience measures typical for suburban assets.
Within the Cincinnati metro context (611 neighborhoods total), recent trends indicate improving property crime momentum, while broader safety performance tracks around the metro median. Investors should underwrite standard security enhancements and community engagement programs to support retention without assuming outsized safety-driven leasing drag.
Proximity to regional employers supports commuter convenience and helps sustain the renter base, particularly for healthcare, insurance, financial services, and manufacturing roles reflected below.
- Anthem Inc Mason Campus II — insurance/healthcare (3.2 miles)
- Kroger DCIC — grocery retail corporate (6.8 miles)
- Prudential Financial — financial services (9.1 miles)
- Humana Pharmacy Solutions — pharmacy benefit management (9.2 miles)
- AK Steel Holding — steel manufacturing (9.4 miles) — HQ
Built in 1979, the property is newer than the neighborhood’s average vintage, giving it relative competitiveness versus older local stock while still leaving room for selective modernization to enhance leasing and rent positioning. Neighborhood multifamily occupancy is strong, and the area’s A rating and school quality support stable absorption and retention. Within a 3-mile radius, population is steady with forecast growth and rising incomes, expanding the renter pool and supporting occupancy stability.
Median home values in the area are elevated for the region, which can sustain reliance on rental housing and help maintain pricing power for quality units. According to commercial real estate analysis from WDSuite, the submarket’s above-average neighborhood occupancy and improving property-crime trend reinforce a balanced, long-term hold case, provided investors budget for ongoing capital needs typical of late-1970s construction.
- Strong neighborhood fundamentals with elevated multifamily occupancy supporting income durability
- 1979 vintage offers competitive positioning vs. older stock plus value-add modernization potential
- Household and income growth within 3 miles points to a larger tenant base over time
- Elevated ownership costs locally can reinforce demand for quality rentals and bolster pricing power
- Risks: smaller renter-occupied share and mixed safety metrics may temper lease-up speed; plan for ongoing capital and targeted security measures