| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 40th | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 301 Sherman Dr, Franklin, OH, 45005, US |
| Region / Metro | Franklin |
| Year of Construction | 1993 |
| Units | 54 |
| Transaction Date | 1992-06-22 |
| Transaction Price | $65,000 |
| Buyer | SHERMAN GLEN & INC |
| Seller | SNA-FTY LAND CO |
301 Sherman Dr, Franklin OH Multifamily Investment
Neighborhood indicators point to durable renter demand and above-national occupancy for the area around the property, according to WDSuite’s CRE market data. These signals suggest steady leasing conditions for investors evaluating Franklin within the Cincinnati metro.
The surrounding neighborhood ranks in the top quartile among 611 Cincinnati metro neighborhoods for overall livability, supported by convenient daily amenities. Grocery, pharmacy, park, and restaurant access all place in the top quartile locally, and each sits above national medians, indicating resident convenience that helps underpin leasing stability.
Neighborhood occupancy is above the national average while sitting below the metro median, pointing to generally steady absorption but with some competitive pressure relative to stronger subareas. Median contract rents for the neighborhood sit near national medians, which supports a broad tenant base without overextending affordability. The neighborhood’s renter-occupied share ranks in the top quartile among 611 metro neighborhoods and in a high national percentile, signaling depth in the renter pool and supporting demand for multifamily units.
Within a 3-mile radius, demographics show a stable population today with projections for population growth and a meaningful increase in households over the next five years, suggesting a larger tenant base over time. Household incomes are rising in this 3-mile catchment, which helps support rent levels while still requiring prudent lease management to maintain retention.
Home values in the neighborhood are lower relative to national medians, and the neighborhood rent-to-income ratio trends in a moderate range. For investors, this combination typically supports resident retention and steady renewal activity, while recognizing that more accessible ownership options can introduce competition—particularly for renters on the cusp of buying. Average school ratings sit near national medians, which may temper appeal for some family renters but is unlikely to be a primary drag on workforce-oriented demand.
Comparable crime data for this neighborhood was not available in the provided dataset. Investors typically benchmark neighborhood safety using multiple sources, including regional trend reports and local law enforcement data, to understand how conditions compare within the Cincinnati metro and to national patterns. Consider pairing third-party crime trend indices with on-the-ground leasing feedback to gauge tenant perception and potential retention impacts.
Regional employment nodes within commuting distance reinforce renter demand, led by healthcare, industrial, and corporate services employers noted below. These anchors can support leasing stability through a diversified workforce draw.
- Anthem Inc Mason Campus II — healthcare services (17.3 miles)
- AK Steel Holding — steel manufacturing (17.7 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (19.1 miles)
- Duke Energy — utilities & corporate offices (20.6 miles)
- Cincinnati Financial — insurance (21.5 miles) — HQ
This 54-unit property is positioned in a neighborhood that scores in the top quartile locally for amenities and maintains occupancy above the national average, supporting day-to-day renter convenience and demand resilience. The renter-occupied share ranks in the top quartile among 611 Cincinnati neighborhoods, indicating depth in the tenant base and reinforcing the case for stable leasing, according to CRE market data from WDSuite.
Within a 3-mile radius, projections point to population growth and a notable increase in households, expanding the renter pool over the medium term. Neighborhood-level rents track near national medians and the local rent-to-income relationship is moderate, which supports renewal potential while allowing for disciplined pricing. Lower relative home values introduce some competition from ownership, so underwriting should assume steady, not outsized, rent gains and continued emphasis on resident retention.
- Top-quartile neighborhood amenities support leasing stability and daily convenience
- Renter concentration ranks in the top quartile locally, indicating depth of demand
- 3-mile forecasts show population and household growth, expanding the tenant base
- Neighborhood rents near national medians with moderate rent-to-income support renewal potential
- Risk: more accessible ownership options may compete with rentals; focus on retention and service