| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 68th | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2920 Knollridge Dr, Dayton, OH, 45449, US |
| Region / Metro | Dayton |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2004-07-12 |
| Transaction Price | $2,300,000 |
| Buyer | CONSOLIDATED PROPERTIES IV LLC |
| Seller | COLUMBIA KNOLLS LTD |
2920 Knollridge Dr Dayton — 24-Unit Value-Add Opportunity
Neighborhood occupancy sits around 94.7%, indicating steady leasing conditions in a suburban pocket that remains competitive locally, according to WDSuite’s CRE market data. Moderate renter concentration and a low rent-to-income profile point to stable retention with measured pricing power.
This suburban address is competitive among Dayton-Kettering neighborhoods (rank 61 of 228), with neighborhood occupancy above the metro median and measured rent growth that supports ongoing lease stability. The renter-occupied share is modest at roughly one-quarter of housing units, suggesting a balanced mix that still offers depth for multifamily demand without heavy exposure to turnover-sensitive pockets.
Livability is anchored by strong park access (top quartile nationally) and adequate grocery coverage (around mid-national percentile), while cafes and pharmacies are thinner locally. These dynamics support day-to-day convenience for residents but also underscore the importance of on-site amenities and property operations to drive retention.
Within a 3-mile radius, population and households have grown in recent years and are projected to expand further over the next five years, indicating a larger tenant base and reinforcing occupancy stability. Higher household incomes locally, coupled with a low rent-to-income ratio, imply room for thoughtful revenue management without overextending affordability. Elevated home values in the neighborhood sustain reliance on multifamily options, supporting lease retention and pricing discipline.
Vintage context matters: the average neighborhood construction year trends newer than this asset. That gap points to potential renovation and capital planning needs but also room to reposition relative to older stock, a theme often highlighted in commercial real estate analysis using WDSuite benchmarks.
Safety indicators are mixed. At the metro level, the neighborhood sits near the midpoint (rank 93 of 228). Nationally, property and violent offense measures compare favorably versus many neighborhoods (property offense in a higher safety percentile and violent offense similarly above average), yet one-year changes show recent increases that investors should monitor. Interpreting these signals conservatively, the area reads as comparatively safer than many peers but with short-term volatility worth underwriting.
Regional employment access is driven by large corporate offices along the I-75/I-71 corridor, supporting commuter convenience and a broad renter base. Key nearby employers include Anthem, AK Steel, Humana Pharmacy Solutions, Waste Management, and Duke Energy.
- Anthem Inc Mason Campus II — corporate offices (24.6 miles)
- AK Steel Holding — corporate offices (25.5 miles) — HQ
- Humana Pharmacy Solutions — corporate offices (26.8 miles)
- Waste Management — corporate offices (27.6 miles)
- Duke Energy — corporate offices (28.1 miles)
Built in 1973, this 24-unit property is older than the neighborhood average vintage, pointing to a clear value-add thesis: targeted renovations and system upgrades can enhance competitiveness versus newer stock while maintaining an affordability edge. Neighborhood occupancy around 94.7% and balanced renter concentration support stable leasing, and a low rent-to-income ratio indicates retention strength with prudent room for revenue management, based on CRE market data from WDSuite.
Within a 3-mile radius, population and household growth, combined with projected gains over the next five years, suggest a larger renter pool and support for sustained absorption. Elevated neighborhood home values relative to incomes reinforce reliance on multifamily housing, while strong park access and adequate daily-needs amenities help underpin livability. Key risks include thinner cafe/pharmacy coverage and recent upticks in reported crime metrics, which warrant ongoing monitoring and operational focus.
- 1973 vintage supports value-add and capex-led repositioning versus newer neighborhood stock
- Neighborhood occupancy near mid-to-high 90s supports leasing stability and retention
- 3-mile population and household growth expand the tenant base and support absorption
- Low rent-to-income profile suggests measured pricing power with disciplined management
- Risk: limited nearby cafes/pharmacies and recent crime volatility warrant close monitoring