| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 41st | Fair |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2550 Springboro Rd, Dayton, OH, 45439, US |
| Region / Metro | Dayton |
| Year of Construction | 1985 |
| Units | 28 |
| Transaction Date | 2005-10-17 |
| Transaction Price | $11,755,000 |
| Buyer | HUNTERS CHASE CHESAPEAKE LLC |
| Seller | HUNTERS CHASE DAYTON LLC |
2550 Springboro Rd Dayton Multifamily Investment
Neighborhood-level data suggests durable renter demand supported by a high share of renter-occupied units and improving occupancy, according to WDSuite’s CRE market data. Amenities are reasonably accessible for an inner suburb, reinforcing day-to-day convenience for residents.
Situated in Dayton’s inner suburbs, the property benefits from a neighborhood rated B+ and competitive among Dayton-Kettering, OH neighborhoods. Restaurants, grocery options, pharmacies, childcare, and cafes are present at densities that track above national averages, supporting resident convenience and helping with lease retention. Park access is limited within the immediate neighborhood, which may modestly affect lifestyle appeal for some tenants.
The neighborhood’s occupied housing share has trended up over the last five years, and the local renter concentration is high (measured as the share of housing units that are renter-occupied). For multifamily owners, this indicates a deep tenant base and generally stable leasing conditions at the neighborhood level rather than property-specific performance.
Vintage context: built in 1985, the asset is newer than the neighborhood’s average construction year. That positioning can offer a competitive edge versus older stock, while still warranting planning for system updates or targeted renovations to support rentability and limit unforeseen capital calls.
Within a 3-mile radius, demographics show population roughly flat in recent years with a projected increase in households and a decline in average household size. This combination typically expands the local renter pool and supports occupancy stability. Median household incomes in the 3-mile area have risen meaningfully, and asking rents are projected to grow, which can help pricing power if managed alongside rent-to-income affordability and renewal strategies (based on CRE market data from WDSuite).
Housing values in the neighborhood are lower relative to many U.S. areas. While that can create some competition from ownership alternatives, the high renter-occupied share indicates sustained reliance on rental housing, which supports tenant retention and leasing depth for multifamily assets.
Neighborhood safety indicators are mixed but generally favorable in comparative terms. Property crime metrics sit in the higher national percentiles for safety, while violent offense metrics are closer to the mid-to-upper tier nationally. Recent year changes show some volatility, including an uptick in violent offense rates; investors should monitor trendlines rather than single-year moves. These readings reflect neighborhood-level conditions, not the property itself.
Within the Dayton-Kettering metro context, the area performs around the middle of the pack on safety measures. For underwriting, consider standard security, lighting, and tenant communication practices, and evaluate submarket policing and community programs as part of risk management.
The broader regional employment base within commuting distance features logistics, healthcare, utilities, and corporate services, which supports renter demand and lease stability for workforce-oriented apartments. Notable employers within roughly 25–35 miles include those listed below.
- Waste Management — environmental services (24.6 miles)
- Anthem Inc Mason Campus II — health insurance (28.9 miles)
- AK Steel Holding — steel manufacturing (29.5 miles) — HQ
- Humana Pharmacy Solutions — pharmacy/health services (30.9 miles)
- Duke Energy — utilities (31.8 miles)
2550 Springboro Rd offers investors exposure to a renter-heavy inner suburb with improving occupancy and day-to-day amenity access that supports leasing. Built in 1985, the property is newer than the neighborhood average, suggesting relative competitiveness versus older stock while still calling for prudent capital planning for modernization and long-term maintenance. According to CRE market data from WDSuite, neighborhood-level renter concentration is high and occupancy has improved over the past five years, indicating depth to the tenant base.
Within a 3-mile radius, population is broadly stable, households are projected to increase as average household size trends lower, and median incomes have risen. Coupled with projected rent growth, these dynamics can support occupancy stability and measured pricing power, provided management stays attentive to rent-to-income affordability and lease renewal strategy. Lower neighborhood home values may introduce some competition from ownership, but the high share of renter-occupied units points to sustained reliance on rental housing.
- Renter-heavy neighborhood supports a deep tenant base and steady leasing
- 1985 vintage offers relative competitiveness with room for targeted value-add
- Amenities and regional employment access bolster retention and lease-up
- Income growth and projected rent increases support measured pricing power
- Risks: limited park access, safety trend volatility, and potential competition from ownership alternatives