| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 90th | Best |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10620 Montgomery Rd, Montgomery, OH, 45242, US |
| Region / Metro | Montgomery |
| Year of Construction | 1989 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10620 Montgomery Rd Montgomery Multifamily Investment
Neighborhood apartment occupancy remains elevated with steady renter demand, according to WDSuite’s CRE market data. High home values in Montgomery support lease retention and pricing discipline without overextending typical rent-to-income levels.
Montgomery ranks competitive among Cincinnati neighborhoods (2 of 611 overall, A+ rating), reflecting strong fundamentals that underpin multifamily performance. Neighborhood apartment occupancy is in the top quartile nationally and above the metro median, signaling stable lease-up and low turnover risk for comparable assets in this area.
Local amenities are a strength: grocery, restaurants, parks, and pharmacies index above national averages, supporting daily convenience and resident satisfaction. The neighborhood’s average school rating is among the best in the metro (ranked 1 of 611, average 5.0 out of 5), which can bolster family-oriented demand and extend average tenancy for larger households.
Within a 3-mile radius, demographics indicate a growing and affluent renter pool: recent population and household growth, coupled with high median incomes, expand the base of qualified renters. Forward-looking projections within this 3-mile catchment show additional increases in households, which should add depth to the tenant pipeline and support occupancy stability for professionally managed assets.
Tenure patterns show a moderate renter concentration. At the neighborhood level, renter-occupied housing units account for roughly one-quarter to one-third of stock, implying a deep ownership base that can reinforce multifamily demand for households prioritizing mobility and school access. Elevated home values relative to local incomes characterize a high-cost ownership market, which tends to sustain rental reliance and support pricing power for well-located communities.
Safety indicators are mixed but improving. Overall crime performance is near the national middle, while property-related incidents have shown notable year-over-year improvement, placing the neighborhood in the top quartile nationally for positive momentum. These trends align with a setting that is competitive among Cincinnati neighborhoods without signaling outsized risk.
Investors should interpret safety at the neighborhood scale rather than the block level; monitoring longitudinal data and continuing local coordination can help sustain the recent improvement trend. Rank and percentile readings referenced here compare the neighborhood against 611 Cincinnati-metro neighborhoods and neighborhoods nationwide, respectively.
Proximity to major employers such as Kroger DCIC, Anthem Inc Mason Campus II, Prudential Financial, Humana Pharmacy Solutions, and AK Steel Holding supports commuter convenience and helps stabilize renter demand.
- Kroger DCIC — corporate offices (2.8 miles)
- Anthem Inc Mason Campus II — insurance (4.3 miles)
- Prudential Financial — financial services (5.3 miles)
- Humana Pharmacy Solutions — healthcare services (6.1 miles)
- AK Steel Holding — steel manufacturing (6.8 miles) — HQ
This 1989-vintage, 84-unit asset sits in a high-performing Montgomery neighborhood where occupancy is strong and amenities, schools, and income profiles are favorable relative to metro and national benchmarks. The vintage is newer than the neighborhood’s average construction year, offering competitive positioning versus older stock while still warranting capital planning for aging systems and potential modernization to capture premium rents.
Neighborhood-level metrics indicate stable demand: low rent-to-income pressure, elevated home values that reinforce renter reliance, and a 3-mile radius showing population and household growth that broadens the tenant base. According to WDSuite’s commercial real estate analysis, comparable submarkets with similar fundamentals tend to maintain above-median occupancy and support disciplined rent strategies without outsized retention risk.
- Occupancy stability in a top-tier Cincinnati neighborhood with strong amenity and school scores
- 1989 vintage provides a relative edge over older stock, with value-add via targeted renovations
- High-cost ownership market sustains renter demand and supports pricing discipline
- Expanding 3-mile renter pool and income growth support leasing and renewal outcomes
- Risks: moderate renter concentration in an ownership-heavy area and mixed but improving safety metrics