| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 73rd | Best |
| Amenities | 76th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 506 Stonington Cir, Centerville, OH, 45458, US |
| Region / Metro | Centerville |
| Year of Construction | 1997 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
506 Stonington Cir, Centerville Multifamily Investment Opportunity
Neighborhood occupancy trends are strong and above metro norms, supporting stable leasing conditions for a 1997-vintage, 108-unit asset, according to WDSuite’s CRE market data.
Centerville’s inner-suburban setting offers day-to-day convenience that helps sustain renter demand. Neighborhood amenities test well versus national benchmarks — grocery access, parks, pharmacies, cafes, and restaurants all land in the top quartile nationally — and public school ratings are similarly strong (top quartile nationwide). These are neighborhood-level indicators, not property performance, but they typically correlate with retention and leasing velocity for well-managed multifamily.
Within the Dayton-Kettering metro, this neighborhood carries an A+ rating and ranks 5th out of 228 neighborhoods, signaling competitive fundamentals among local peers. High neighborhood occupancy and steady five-year gains point to resilient renter demand rather than a transient spike. Median contract rents at the neighborhood level sit near national midpoints, which can support ongoing absorption without over-reliance on premium pricing.
Vintage also matters: with a 1997 construction year against a neighborhood average from the late 1970s, the property is newer than much of the local stock. That positioning can reduce near-term obsolescence risk and supports competitive standing versus older assets, while still leaving room for selective modernization to unlock value-add upside (common areas, interiors, or energy systems).
Tenure patterns suggest a meaningful base of renter-occupied housing in the immediate neighborhood, and 3-mile demographics indicate a growing population and household count. These 3-mile trends point to a larger tenant base over time and help support occupancy stability. Elevated home values for the area, relative to local incomes, indicate a high-cost ownership market by regional standards, which tends to reinforce reliance on multifamily rentals and can aid lease retention.
Safety indicators are mixed. Neighborhood crime levels track below national medians for overall safety, with violent incidents around national midpoints and property offenses somewhat less favorable. Recent year-over-year data show an uptick in reported property-related activity; investors may want to incorporate prudent security measures and monitor trend direction over the next few reporting cycles.
Relative to the Dayton-Kettering metro, the area does not sit among the top safety performers, but it remains broadly comparable to many inner-suburban neighborhoods. Positioning near everyday amenities and schools can support perceived security and lease retention, provided onsite management and lighting/access controls are maintained.
Regional employment anchors within commuting range include healthcare, metals manufacturing, insurance, utilities, and waste services — a diversified base that supports renter demand and retention through varied economic cycles.
- Anthem Inc Mason Campus II — healthcare insurance operations (22.6 miles)
- AK Steel Holding — metals manufacturing (24.7 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (25.9 miles)
- Waste Management — environmental services (27.4 miles)
- Duke Energy — utilities (28.2 miles)
This 108-unit, 1997-vintage asset benefits from strong neighborhood fundamentals, including high occupancy and top-quartile amenities and school ratings. The property is newer than much of the local stock, offering relative competitiveness versus 1970s-era comparables while retaining opportunity for targeted interior and systems upgrades. According to CRE market data from WDSuite, neighborhood rent levels sit near national midpoints, a profile that can support absorption and lease renewals without aggressive concessions.
Three-mile demographics show population and household growth alongside rising household incomes, expanding the renter pool and supporting collections and renewal rates. At the same time, the submarket’s high-cost ownership landscape by regional standards tends to sustain rental demand, though investors should account for competition from single-family alternatives and plan for prudent security measures given mixed property-crime trends.
- Strong neighborhood fundamentals: high occupancy, top-quartile amenities, and solid school ratings support leasing stability.
- 1997 construction offers competitive positioning versus older stock with clear, targeted value-add potential.
- 3-mile population and household growth expand the tenant base, aiding absorption and renewals.
- Balanced rent levels near national midpoints support steady demand without outsized concessions pressure.
- Risks: mixed property-crime trends and suburban ownership alternatives warrant security planning and competitive amenity upgrades.