| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 25th | Poor |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5253 Hoover Ave, Dayton, OH, 45417, US |
| Region / Metro | Dayton |
| Year of Construction | 2001 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5253 Hoover Ave Dayton 22-Unit Multifamily Opportunity
Neighborhood renter-occupied share is elevated, supporting a deeper tenant base; according to WDSuite’s CRE market data, local occupancy has trended higher in recent years, pointing to steadier leasing performance.
The property sits in Dayton’s western inner-suburb context where everyday conveniences are present but selective. Grocery access scores competitively within the metro (ranked 50 out of 228 neighborhoods), while cafes, parks, and pharmacies are sparse, suggesting residents rely on a narrower amenity set. Restaurant density is moderate for the area. Average school ratings in the immediate neighborhood are low, which can influence family-driven demand profiles.
For investors, tenure dynamics stand out: the neighborhood records a high share of renter-occupied housing units (ranked 16 of 228; top decile nationally), indicating a sizable renter pool and potential demand depth for multifamily. Neighborhood occupancy has risen over the past five years, which, paired with a rent-to-income profile around the low 20s percent, can support retention and lease stability rather than aggressive push-driven turnover.
Construction stock nearby skews older (average 1962), while this asset was built in 2001. The newer vintage versus local stock can be a competitive advantage on systems and functionality, though two decades in service still warrants selective modernization planning to sustain positioning. Median home values in the neighborhood are low for the region, which can create some competition from entry-level ownership; pricing strategy should focus on value relative to condition and convenience, not on premium amenity sets.
Within a 3-mile radius, demographics show recent population and household softness over the last five years, but forecasts point to expansion by 2028, with an increase in households and higher median incomes. A slight decline in average household size is projected, implying more households even without outsized population gains—typically supportive of a broader renter base and occupancy stability. These directional indicators, based on CRE market data from WDSuite, suggest steady workforce-oriented demand if operators align unit mix and pricing to local incomes.
Safety trends present a mixed but improving picture. Within the Dayton–Kettering metro, the neighborhood’s crime position sits in a higher-crime cohort (ranked 26 out of 228 neighborhoods), yet on a national basis it performs above average (around the 63rd percentile for safety). Recent year-over-year changes indicate meaningful declines in both violent and property offense estimates, placing the area in stronger improvement percentiles nationally. For investors, this trajectory can support leasing confidence if improvements persist, but underwriting should remain conservative on security-related operating costs.
Regional employment access is anchored by corporate operations spread across the Cincinnati–Dayton corridor, supporting workforce housing demand for residents commuting to industrials, healthcare, and energy services noted below.
- Waste Management — environmental services (26.2 miles)
- AK Steel Holding — steel manufacturing (31.0 miles) — HQ
- Anthem Inc Mason Campus II — healthcare insurance (31.3 miles)
- Humana Pharmacy Solutions — healthcare services (32.4 miles)
- Duke Energy — utilities (32.5 miles)
5253 Hoover Ave offers a 2001-vintage, 22-unit asset in a renter-heavy Dayton neighborhood, providing inherent depth to the tenant base. Relative to nearby 1960s-era housing stock, the property’s newer construction can enhance competitiveness on maintenance and livability, though targeted upgrades may be prudent after two decades of operation. Neighborhood occupancy has improved over five years, and a rent-to-income profile near the low 20s percent suggests manageable affordability pressure—factors that can aid retention and stabilize collections. According to CRE market data from WDSuite, low median home values nearby may encourage some households toward ownership, so positioning and refresh investments should emphasize functional quality and value.
Within a 3-mile radius, recent softness in population and households is expected to pivot to growth by 2028 alongside rising median incomes and slightly smaller household sizes—conditions that typically expand the renter pool and support occupancy. Amenity access is adequate for daily needs but limited in specialty categories, so demand is likely driven more by attainable rents and commute patterns than by lifestyle offerings.
- 2001 construction relative to older local stock provides competitive positioning with selective value-add potential
- High neighborhood renter-occupied share supports demand depth and leasing stability
- Occupancy trend improvement and balanced rent-to-income profile favor retention
- 3-mile forecasts indicate growth in households and incomes, expanding the renter pool
- Risks: limited specialty amenities, low-cost ownership alternatives, and safety positioning that warrants prudent operating controls