| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Poor |
| Demographics | 38th | Poor |
| Amenities | 21st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 69 Bevonne Ct, West Milton, OH, 45383, US |
| Region / Metro | West Milton |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | 1979-09-01 |
| Transaction Price | $111,400 |
| Buyer | MORAINE VILLAGE LTD |
| Seller | --- |
69 Bevonne Ct West Milton 20-Unit Multifamily
Positioned for workforce housing demand with manageable rent-to-income dynamics and a renter base concentrated around one-quarter of units in the neighborhood, according to WDSuite’s CRE market data. This suggests stable leasing potential at prudent pricing without relying on outsized rent growth.
West Milton sits within the Dayton-Kettering metro and profiles as a rural neighborhood (C- rating) with occupancy levels near local norms. Renter-occupied housing is roughly a quarter of units in the neighborhood, indicating a modest but reliable tenant base for smaller multifamily assets and supporting day-to-day leasing stability rather than transient, lease-up-driven performance.
Livability is serviceable for daily needs: grocery access is present and compares favorably to many rural peers in the metro (amenities such as parks, restaurants, and cafes are limited at the neighborhood level). Average school quality trends around the national middle, which helps sustain family-oriented renter demand without being a primary premium driver.
Within a 3-mile radius, demographics show a larger tenant base over time: households increased in recent years and are projected to expand further by 2028, pointing to a larger pool of renters and supporting occupancy stability for well-managed assets. Population is also projected to grow, and smaller household sizes over time can translate to more households seeking housing, which typically supports multifamily absorption.
Home values are comparatively low for the nation, and neighborhood rent levels remain manageable relative to incomes, which can support retention and measured pricing power rather than stretch affordability. For an investor, this context suggests steady renter demand with limited competitive pressure from new luxury supply, but also fewer amenity-driven premiums.
The asset’s 1980 construction is newer than the neighborhood’s average vintage (1958). This positioning can help competitiveness versus older local stock, while still warranting targeted modernization of systems and interiors to enhance rentability and reduce near-term capital risk.
Neighborhood-level safety trends land around the middle of Dayton-Kettering (crime rank 120 out of 228 metro neighborhoods), while national comparisons indicate relatively favorable readings: both property and violent offense measures sit in higher national safety percentiles (around the mid-70s), implying comparatively lower incident rates than many neighborhoods nationwide. That said, recent year-over-year changes show volatility, so prudent operators should monitor trend direction and emphasize lighting, access control, and resident screening as standard practice.
Regional employment anchors support commuting patterns typical of workforce housing in north-of-Dayton communities. Proximity to waste management services and larger corporate offices across the Dayton–Cincinnati corridor can aid tenant retention for residents commuting by car.
- Waste Management — environmental services (25.9 miles)
- AK Steel Holding — steel manufacturing corporate offices (43.1 miles) — HQ
- Duke Energy — utilities corporate offices (43.7 miles)
- Anthem Inc Mason Campus II — healthcare insurance offices (44.0 miles)
- Humana Pharmacy Solutions — healthcare services (44.4 miles)
This 20-unit asset in West Milton benefits from a durable, workforce-oriented renter base and rents that are manageable relative to local incomes, supporting steady leasing and retention. According to CRE market data from WDSuite, neighborhood occupancy trends sit near local norms and the renter concentration around one-quarter of units provides depth without overreliance on turnover-driven strategies. Within a 3-mile radius, households have grown and are projected to increase further by 2028, indicating a larger tenant base and reinforcing occupancy stability for well-managed assets.
The 1980 vintage is newer than the area’s older average stock, offering a competitive edge against pre-1960 product while leaving room for targeted value-add through modernization of interiors and building systems. The market’s modest amenity profile suggests limited premium capture from lifestyle features, but lower ownership costs and accessible rents can support stable demand and measured pricing power.
- Workforce demand with manageable rent-to-income dynamics supports steady occupancy and retention
- 1980 vintage is newer than local average, with modernization upside for competitive positioning
- 3-mile household growth and projected increases by 2028 expand the renter pool and leasing depth
- Pricing power likely measured rather than premium-driven given limited neighborhood amenities
- Risks: volatile recent safety trends, car-dependent commuting to regional employers, and potential competition from ownership options