| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 46th | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7 Julie Ct, Covington, OH, 45318, US |
| Region / Metro | Covington |
| Year of Construction | 1982 |
| Units | 35 |
| Transaction Date | --- |
| Transaction Price | $1,469,348 |
| Buyer | GREENVILLE VILLAGE LTD |
| Seller | --- |
7 Julie Ct Covington OH 35-Unit Multifamily
Neighborhood occupancy is above the Dayton-Kettering metro median and in the top quartile nationally, supporting steady leasing according to WDSuite s CRE market data. With a 1982 vintage relative to older nearby stock, the asset should compete well while leaving room for targeted upgrades.
Situated in Covington a rural pocket of the Dayton-Kettering, OH metro the property benefits from a neighborhood occupancy rate that is above the metro median (ranked 95 out of 228 neighborhoods; 74th percentile nationally). For investors, this suggests a stable baseline for rent rolls even through cycles.
The 1982 construction stands newer than the area s average vintage (1945), indicating relative competitiveness versus older local stock. Investors should still plan for system updates typical of 1980s construction, but the age profile supports positioning against legacy assets while pursuing selective value-add.
Renter-occupied housing accounts for roughly one-third of neighborhood units (32.3% renter concentration), pointing to a measurable tenant base without extreme turnover risk typical of highly transient areas. Within a 3-mile radius, data indicate a small population dip over the last five years alongside an increase in households, which can reflect smaller household sizes and a broader need for rental options; forward-looking projections show households expanding by 2028, which would widen the local renter pool and support occupancy stability.
Local amenities are modest for a rural setting: cafes are relatively available compared with many peers in the metro (ranked 40 of 228), while parks, pharmacies, and childcare options are limited. Average school ratings trend favorable for the metro (ranked 34 of 228, roughly top quartile locally), which can support family renter retention compared with nearby neighborhoods. Median home values sit below many national markets, which can create some competition with ownership, but a low neighborhood rent-to-income ratio implies manageable affordability pressure that can aid lease retention and disciplined pricing.
Safety metrics compare well in a metro context: the neighborhood s overall crime ranking sits near the top of the Dayton-Kettering area (ranked 12 out of 228 neighborhoods) and scores above average nationally (69th percentile). Violent offense rates benchmark in a high national safety percentile and have trended lower year over year, which supports resident retention and lease stability.
Property offenses track in a favorable national safety percentile but showed a recent year-over-year increase. Investors should monitor this mixed trend and incorporate standard security and lighting improvements into capital plans as appropriate for a 1980s-vintage asset.
Regional employment is diversified at the metro scale; proximity to industrial and service employers helps underpin workforce housing demand and commute convenience for residents. The list below highlights a notable employer within commuting distance that can influence leasing stability.
- Waste Management environmental services (30.1 miles)
This 35-unit, 1982-vintage property offers a durable entry point in a rural Dayton-Kettering submarket where neighborhood occupancy trends above the metro median and benchmark in the top quartile nationally. Newer relative to the area s older stock, the asset can compete on physical plant while benefiting from disciplined, targeted upgrades to drive retention and light value-add. According to CRE market data from WDSuite, renter-occupied share in the neighborhood supports a meaningful tenant base, and a low rent-to-income ratio indicates modest affordability pressure favorable for renewal rates and measured rent setting.
Within a 3-mile radius, households have increased despite a recent population dip, and projections point to further household growth by 2028 a setup that can expand the renter pool and support occupancy stability over a multi-year hold. Amenity density is modest, and investors should weigh rural convenience and limited parks/childcare access alongside the asset s competitive positioning versus older housing and generally strong safety standing in the metro.
- Above-metro occupancy and top-quartile national positioning support steady lease-up and renewals
- 1982 vintage competes well versus older neighborhood stock; targeted upgrades can unlock value
- 3-mile household growth outlook broadens tenant base and supports occupancy durability
- Low rent-to-income levels aid retention and provide room for disciplined pricing power
- Risks: rural amenity limitations and recent property-offense uptick warrant active management