| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 62nd | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 577 Wind Ridge Pl, Tipp City, OH, 45371, US |
| Region / Metro | Tipp City |
| Year of Construction | 1997 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
577 Wind Ridge Pl Tipp City Multifamily Investment
Neighborhood occupancy remains exceptionally tight and school quality is strong, supporting durable renter demand according to WDSuite’s CRE market data. This asset’s suburban positioning offers stability with room for operational upside relative to older local stock.
The property sits in an inner-suburb pocket of the Dayton–Kettering metro (Tipp City) that carries an A neighborhood rating and ranks 14 out of 228 metro neighborhoods, signaling competitive fundamentals among local peers. Neighborhood occupancy is measured at the neighborhood level and currently leads the metro, pointing to low turnover risk and steady leasing conditions for nearby assets.
Livability drivers are balanced: restaurant density is competitive for the metro while parks and pharmacies rank in the upper tiers nationally, yet café options are limited. Public school quality in the neighborhood rates near the top nationally (top quartile), which can support household retention and longer tenancy horizons for family renters.
Renter concentration at the neighborhood level sits around one-third of housing units, indicating a meaningful tenant base without overreliance on rentals. Within a 3-mile radius, households have increased in recent years even as average household size edged lower—expanding the addressable renter pool and supporting occupancy stability. Median rents remain relatively manageable versus incomes, which can aid lease retention and reduce collection risk.
Home values are elevated for the area and value-to-income measures are high compared with many U.S. neighborhoods, reinforcing renter reliance on multifamily housing and supporting pricing power in well-managed assets. The subject’s 1997 vintage is newer than the neighborhood average construction year, offering competitive positioning versus older inventory while still leaving scope for targeted modernization where systems or finishes are aging. For investors conducting multifamily property research, these dynamics translate to consistent renter demand with measured upside from renovations and operations.
Safety indicators are mixed when viewed against metro and national baselines. The neighborhood’s overall crime position trends below national averages (lower national percentile), though property and violent offense rates sit closer to midpack or better nationally. Recent one-year changes point to volatility, so prudent underwriting should incorporate ongoing monitoring rather than block-level assumptions. Rankings referenced are at the neighborhood level among 228 metro neighborhoods and percentiles compare neighborhoods nationwide.
Regional employers within a commutable range support steady workforce housing demand, particularly in environmental services and fulfillment operations.
- Waste Management — environmental services (18.7 miles)
- Staples Fulfillment Center — logistics & fulfillment (41.8 miles)
Built in 1997 with 84 units, the property benefits from a neighborhood that leads the metro in occupancy at the neighborhood level and exhibits strong school quality, supporting stable family-oriented demand. According to CRE market data from WDSuite, the area’s rent levels relative to income indicate manageable affordability pressure, which can aid retention while allowing disciplined revenue management. Newer vintage versus the area’s older average stock points to competitive positioning, with value-add potential through selective modernization to capture demand from households prioritizing quality and convenience.
Within a 3-mile radius, household counts have grown despite essentially flat population trends and are projected to expand further even with smaller household sizes—implying a larger tenant base over time. Elevated ownership costs in the local context tend to sustain reliance on rentals, while the neighborhood’s amenity mix and parks access help support leasing stability. Key risks include recent variability in safety metrics and limited café-style amenities, suggesting an emphasis on on-site experience and security measures in asset strategy.
- Metro-leading neighborhood occupancy supports steady leasing and lower turnover risk
- 1997 vintage outcompetes older local stock with targeted renovation upside
- Manageable rent-to-income dynamics bolster retention and measured pricing power
- 3-mile household growth expands the tenant base despite flat population
- Risk: mixed safety trends and limited café density warrant prudent operations focus