| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 68th | Best |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 865 Revere Village Ct, Dayton, OH, 45458, US |
| Region / Metro | Dayton |
| Year of Construction | 1973 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
865 Revere Village Ct Dayton Multifamily Investment
Neighborhood occupancy is strong and stable, with the area ranking among the top quartile locally, according to CRE market data from WDSuite. This supports an income-focused thesis centered on durable renter demand rather than outsized rent growth.
Situated in an Inner Suburb of the Dayton-Kettering metro, the neighborhood carries an A rating and ranks 35 out of 228 metro neighborhoods overall, placing it in the top quartile locally. Neighborhood occupancy is high (ranked 35 of 228 and in the 92nd percentile nationally), signaling steady leasing conditions for multifamily assets.
The area’s renter base is meaningful: neighborhood renter-occupied share is measured at 42.8%, providing depth for small-to-mid scale multifamily. Within a 3-mile radius, households increased by roughly 10% over five years and are projected to expand further as household sizes drift smaller, which typically enlarges the tenant base and supports occupancy stability. Median household income within 3 miles has also increased, which can aid lease retention even as rents trend higher.
Everyday amenities skew practical rather than lifestyle-heavy. Grocery and pharmacy access are competitive among Dayton-Kettering neighborhoods (grocery rank 52 of 228; pharmacy rank 26 of 228), while cafes and parks are thinner in the immediate area. Schools test well for families, with the average school rating at 4.0 and ranked 12 out of 228 metro neighborhoods—top quartile nationally (84th percentile). These factors collectively point to a livable, convenience-led location with stable renter appeal.
For rent dynamics, neighborhood median contract rents have risen over the last five years, and within 3 miles, rents have grown with further increases forecast, which aligns with ongoing demand but calls for attentive lease management. The 1973 vintage at this property is older than the neighborhood’s average construction year (1981), suggesting potential value-add through targeted renovations and capital planning to strengthen competitive positioning.
Safety indicators are mixed and should be evaluated in context. Overall crime sits near the national midpoint (48th percentile), and the neighborhood’s crime rank is 69 out of 228 metro neighborhoods—neither among the lowest- nor highest-risk areas locally. Recent trends diverge: estimated violent offenses have decreased materially year over year (an improvement in the 84th percentile nationally), while estimated property offenses rose over the same period (a weaker trend at the 20th percentile). For underwriting, this suggests monitoring recent data and focusing on standard property-level measures that support tenant comfort and retention.
The location participates in the broader Dayton–Cincinnati commute shed, drawing on corporate employment that supports renter demand and retention, particularly among healthcare, industrial, and utilities professionals reflected below.
- Anthem Inc Mason Campus II — healthcare services (22.5 miles)
- AK Steel Holding — steel manufacturing (24.5 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (25.7 miles)
- Waste Management — environmental services (27.7 miles)
- Duke Energy — utilities (28.0 miles)
This 27‑unit, 1973-vintage asset aligns with an income-first approach supported by high neighborhood occupancy and an A-rated, inner-suburban location. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally for occupancy and sits well above national norms, indicating durable leasing fundamentals. Within a 3-mile radius, population and household counts have expanded over the past five years with further household growth forecast, which typically broadens the renter pool and supports stable absorption.
Given its older vintage relative to the neighborhood average (1981), the property may benefit from focused value-add and systems modernization to protect rent positioning against newer stock. Solid grocery and pharmacy access, strong school ratings, and a commuter-friendly employment base further reinforce day-to-day livability, while thinner cafe/park density and mixed safety trends warrant pragmatic operations and resident engagement.
- High neighborhood occupancy and top-quartile local ranking support income stability
- 3-mile population and household growth point to a larger tenant base and steady absorption
- 1973 vintage offers value-add and capex pathways to enhance competitive position
- Practical amenity access (grocery/pharmacy) and strong school ratings aid retention
- Risks: thinner lifestyle amenities, mixed safety trends, and the need for renovation to sustain pricing power