| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 19th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2 Kosmo Dr, Dayton, OH, 45402, US |
| Region / Metro | Dayton |
| Year of Construction | 1981 |
| Units | 81 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2 Kosmo Dr Dayton Multifamily Investment Opportunity
Neighborhood renter-occupied share is elevated, supporting a deeper tenant base and leasing resilience, according to WDSuite’s CRE market data.
Located in an Inner Suburb of the Dayton-Kettering, OH metro, the area around 2 Kosmo Dr balances everyday convenience with investment fundamentals. Neighborhood amenities skew toward essentials—pharmacies, parks, and childcare score above national norms—while restaurants and groceries are present at mid-levels and cafes are limited. Average school ratings in the neighborhood are low, which may temper family appeal and should be factored into tenant-mix assumptions.
Renter concentration in the neighborhood is high (share of housing units that are renter-occupied is in the upper tier locally), which indicates a broader pool of prospective tenants and supports leasing stability for multifamily assets. By contrast, neighborhood occupancy has been soft but has improved over the past five years, a directional positive for underwriting. Median contract rents in the vicinity remain comparatively modest, which can aid retention while allowing for disciplined revenue management rather than aggressive lease-up assumptions.
Within a 3-mile radius, demographics indicate a sizable renter pool with projections calling for population growth and a notable increase in households over the next five years. This expansion points to a larger tenant base and supports occupancy stability for well-positioned properties. Home values in the neighborhood are comparatively low in absolute terms, but the value-to-income ratio ranks high nationally, signaling a high-cost ownership market relative to local incomes that can reinforce reliance on multifamily housing.
The asset’s 1981 vintage is newer than much of the surrounding housing stock (which skews early-20th century). This positioning can confer a competitive edge versus older inventory, while still calling for targeted capital planning to update aging systems and capture value-add upside where appropriate. These observations are based on commercial real estate analysis from WDSuite’s market datasets.
Safety signals are mixed and should be underwritten with care. The neighborhood sits near the metro middle on crime exposure (ranked 101 out of 228 Dayton-Kettering neighborhoods), and it compares somewhat below the national midpoint on safety. That said, recent trend data shows year-over-year declines in both violent and property offenses, indicating momentum toward improvement. Investors may find that active management, lighting, and access controls help align the property with the area’s improving trajectory.
Regional employment access is anchored by established corporate operations within commuting range, supporting workforce housing demand and lease retention for properties serving frontline, corporate, and logistics employees. Employers highlighted below reflect this mix and proximity.
- Waste Management — environmental services (23.5 miles)
- Anthem Inc Mason Campus II — insurance operations (30.8 miles)
- AK Steel Holding — steel manufacturing (31.4 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (32.7 miles)
- Duke Energy — utilities (33.5 miles)
2 Kosmo Dr offers an 81-unit, 1981-vintage footprint that is relatively newer than nearby housing stock, presenting a practical value-add canvas. Neighborhood renter concentration is high, providing depth to the tenant base, while occupancy at the neighborhood level has trended upward—supportive for stabilization despite still-modest levels today. Within a 3-mile radius, projections point to population growth and a sizable increase in households, expanding the renter pool and supporting leasing velocity and retention for well-operated assets.
Positioning is further aided by essential-amenity coverage (parks, pharmacies, childcare) and ownership economics that skew toward renting—home values relative to income are elevated locally, reinforcing sustained demand for rentals. According to CRE market data from WDSuite, recent declines in reported violent and property offenses suggest improving conditions, though investors should still plan for robust on-site security measures. Targeted renovations and systems upgrades typical for 1980s assets can unlock rent premiums while maintaining affordability that supports occupancy stability.
- High renter-occupied share supports a deeper tenant base and steadier leasing
- 1981 vintage offers value-add potential and competitive positioning versus older local stock
- 3-mile forecasts indicate population and household growth, expanding demand for rentals
- Essential amenities nearby support daily livability and lease retention
- Risks: current neighborhood occupancy softness, low school ratings, and safety levels near metro mid-pack require proactive management