| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Good |
| Demographics | 47th | Fair |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3217 Wilmington Pike, Dayton, OH, 45429, US |
| Region / Metro | Dayton |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2001-12-27 |
| Transaction Price | $547,000 |
| Buyer | DOBRILL INVESTMENTS LLC |
| Seller | GREENWOOD TED A |
3217 Wilmington Pike, Dayton OH Multifamily Investment
Neighborhood occupancy sits in the low 90s and renter concentration is around two-fifths, indicating a stable tenant base for a 1970s asset in an inner-suburban setting, according to WDSuite’s CRE market data.
Situated in the Dayton-Kettering, OH metro, the neighborhood around 3217 Wilmington Pike carries a B- rating and ranks near the middle among 228 metro neighborhoods, signaling balanced fundamentals without relying on a single demand driver. The area is characterized as an Inner Suburb, with occupancy near 93% at the neighborhood level, which supports steady leasing and reduces downtime risk relative to more volatile submarkets.
Livability signals are mixed. Dining density is comparatively stronger than other amenities, while cafés, parks, groceries, and pharmacies are thinner inside the immediate neighborhood. For multifamily operators, that mix points to reliable everyday demand with limited premium amenity pull, suggesting that on-site features and convenient access to nearby corridors may be more important differentiators than walkable retail.
Vintage across the neighborhood skews to the early 1970s, and this property’s 1977 construction is slightly older than the area average. For investors, that typically implies ongoing capital planning for building systems and potential value-add scope (interiors, common areas) to remain competitive against newer stock.
Tenure patterns indicate a meaningful renter-occupied share at the neighborhood level (just under two-fifths), providing depth for multifamily demand without being overly concentrated. Within a 3-mile radius, population and household counts have trended upward and are projected to continue increasing, which points to a gradually expanding renter pool that can support occupancy and leasing velocity. Median home values locally sit below national norms; in investment terms, ownership is relatively accessible compared with high-cost markets, which can introduce some competition for renters but also keeps rent-to-income ratios moderate, aiding lease retention and collections management.
Safety trends should be assessed thoughtfully. The neighborhood ranks toward the higher-crime end within the Dayton-Kettering metro (185th of 228), and sits below the national average for safety (lower national percentile). Recent-year estimates also indicate an uptick versus the prior year. For investors, this calls for prudent asset management, security considerations, and tenant-experience focus to support retention and leasing.
Regional employers within commuting reach help underpin workforce housing demand and support leasing stability. The companies below represent diversified corporate services and industrial anchors accessible from the property’s inner-suburban location.
- Waste Management — environmental services (22.7 miles)
- Anthem Inc Mason Campus II — health insurance (28.2 miles)
- AK Steel Holding — steel manufacturing (29.8 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (31.1 miles)
- Duke Energy — utilities (32.8 miles)
3217 Wilmington Pike offers a 1977-vintage, inner-suburban multifamily profile supported by neighborhood occupancy near the low 90s and a renter-occupied share around two-fifths. These dynamics point to a stable tenant base with manageable exposure to turnover. According to commercial real estate analysis from WDSuite, the submarket’s dining presence is comparatively stronger than other local amenities, suggesting on-site improvements and operational execution can be key differentiators. The property’s older vintage also creates a clear path for value-add upgrades and system modernization to enhance competitive positioning.
Affordability metrics are favorable for retention, with rent burdens sitting at a moderate level in the neighborhood context. At the same time, relatively accessible ownership costs in this part of the Dayton-Kettering metro can create competition for some renter cohorts, and safety rankings warrant thoughtful asset management and resident engagement. Together, these factors suggest a thesis centered on stable occupancy with targeted renovations and disciplined leasing strategy.
- Neighborhood occupancy in the low 90s supports steady leasing and limited downtime
- 1977 vintage provides value-add and system-upgrade upside to improve rents and retention
- Renter-occupied share near two-fifths indicates demand depth without overreliance on rentals
- Amenity-light environment elevates the importance of on-site features and operations for differentiation
- Risks: competition from relatively accessible ownership options and below-average safety metrics