| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Good |
| Demographics | 48th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 251 Harry Sauner Rd, Hillsboro, OH, 45133, US |
| Region / Metro | Hillsboro |
| Year of Construction | 1997 |
| Units | 43 |
| Transaction Date | 2025-07-17 |
| Transaction Price | $1,400,070 |
| Buyer | FANNIE MAE |
| Seller | HIGHLAND COUNTY |
251 Harry Sauner Rd Hillsboro Multifamily Opportunity
Positioned in a top-ranked Hillsboro neighborhood with steady renter demand and relatively newer stock for the area, this 1997-built asset offers pragmatic value-add and cash flow potential, according to WDSuite s commercial real estate analysis. Neighborhood occupancy trends should be monitored, but amenity access and renter concentration support leasing durability at the submarket level.
The property sits in a neighborhood rated A+ and ranked 1 out of 27 metro neighborhoods, indicating strong local fundamentals relative to the metro. Amenity access is a comparative strength for a rural setting, with cafes (ranked 1 of 27) and groceries and restaurants (both ranked 2 of 27) supporting daily convenience and tenant retention.
Construction in the surrounding neighborhood skews older (average 1971; rank 11 of 27), while the property s 1997 vintage is newer than local norms. For investors, this suggests competitive positioning versus older inventory, while still planning for system updates or light modernization to protect yields over the hold period.
Renter-occupied housing accounts for a higher share of units locally (ranked 5 of 27), placing the neighborhood in the top quartile of the metro for renter concentration. This depth of the tenant base can support leasing velocity and renewal capture, though neighborhood occupancy is currently below the metro median (ranked 19 of 27). Monitoring leasing performance and pricing discipline remains important.
Within a 3-mile radius, demographics have been broadly stable, with modest shifts toward smaller household sizes over the past five years. Combined with relatively accessible ownership costs for the region, this points to a rental market where value-oriented product can compete effectively on total housing cost, supporting tenant retention and measured rent growth. These interpretations are based on CRE market data from WDSuite.
Safety indicators compare favorably versus many neighborhoods nationwide, with the neighborhood benchmarking in a higher national safety percentile and showing notable year-over-year declines in both property and violent offense estimates. Within the metro, the area s crime rank is 19 out of 27 neighborhoods, so on-the-ground diligence is still prudent even amid improving trends.
Regional employment anchors within commuting range help support renter demand, particularly for workforce tenants seeking stability and predictable commutes to corporate operations. The following nearby employers represent diversified corporate office bases.
- Anthem Inc Mason Campus II corporate offices (37.1 miles)
- Kroger DCIC corporate offices (41.6 miles)
- AK Steel Holding corporate offices (44.1 miles) HQ
- Humana Pharmacy Solutions corporate offices (44.1 miles)
- Prudential Financial corporate offices (44.2 miles)
This 43-unit property, built in 1997, is newer than the surrounding neighborhood average and can compete well against older local stock while benefiting from a tenant base concentrated in renter-occupied housing. According to CRE market data from WDSuite, the neighborhood ranks 1 out of 27 metro neighborhoods overall, with strong day-to-day amenity access that supports leasing and renewal outcomes even as neighborhood occupancy sits below the metro median.
Investor focus should be on operational execution: protecting occupancy, calibrating rent positioning against value-oriented alternatives, and planning for targeted capital to keep systems competitive as the asset ages. The rural context and limited park access are considerations, but balanced by improving safety trends, diversified regional employers within commuting distance, and stable 3-mile demographics that support a steady renter pool.
- 1997 vintage offers competitive positioning versus older neighborhood stock, with manageable modernization needs.
- Strong metro-relative neighborhood profile (ranked 1 of 27) and convenient amenities bolster tenant retention.
- Renter concentration in the neighborhood (top quartile of 27) supports demand depth for multifamily.
- Improving safety indicators and access to regional employers underpin leasing stability.
- Risks: neighborhood occupancy below metro median and rural setting; emphasize leasing discipline and measured capex.