| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Good |
| Demographics | 40th | Poor |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 425 Mission Ln, Franklin, OH, 45005, US |
| Region / Metro | Franklin |
| Year of Construction | 1979 |
| Units | 60 |
| Transaction Date | 2011-10-27 |
| Transaction Price | $1,900,000 |
| Buyer | HARDING INVESTORS LLC |
| Seller | HARDING HOUSE COMMUNITY URBAN REDEVELOPM |
425 Mission Ln, Franklin OH Multifamily Investment
Neighborhood occupancy trends sit in a healthy range and renter concentration is comparatively high for the Cincinnati metro, according to WDSuite’s CRE market data. This supports steady tenant demand and lease-up predictability for investors conducting multifamily property research.
Located in Franklin’s inner-suburban context of the Cincinnati, OH-KY-IN metro, the neighborhood scores A- overall and is competitive among metro peers. Amenity access is a relative strength: restaurant and grocery density place the area above many local neighborhoods, with the amenity profile ranking within the top quartile among 611 metro neighborhoods. Café coverage is also competitive among Cincinnati neighborhoods, adding convenience that supports day-to-day livability for residents.
For rent dynamics, neighborhood occupancy is measured at the neighborhood level and remains in a stable band, with a renter-occupied housing share around the higher end for the metro (ranked in the upper tier among 611 neighborhoods). This suggests a deeper tenant base and supports ongoing leasing stability. Median asking rents in the area align with regional norms, and a rent-to-income profile around the neighborhood median implies manageable affordability pressures that can aid retention and limit turnover risk.
Vintage and positioning: The property was built in 1979 while the neighborhood’s average construction year skews newer. Being older than the local average points to straightforward capital planning—systems modernization and targeted interior upgrades can help the asset compete against 1990s-vintage stock and capture value-add upside.
Demographics within a 3-mile radius: Recent years show flat-to-slightly lower population and household counts, but the forecast indicates population growth and a notable increase in households, implying a larger renter pool over the medium term. A broad income mix and median household incomes trending higher support demand for well-managed workforce housing. Average school ratings are mixed relative to national benchmarks, which may require thoughtful positioning for family renters, but local amenity access and everyday services help offset this with practical convenience.
Ownership costs and renter reliance: Home values sit below many national peers, which can introduce some competition from ownership options. Even so, elevated renter concentration at the neighborhood level and stable occupancy support ongoing rental demand and practical pricing power for well-located, professionally managed assets.
Standardized, property-level crime metrics are not available in the current WDSuite release for this neighborhood. Investors typically benchmark neighborhood safety by comparing available city and county trend sources to metro-wide patterns and touring at multiple times of day. Use a comparative lens—neighborhood versus metro and region—rather than block-level assumptions when underwriting.
The broader Franklin–north Cincinnati corridor provides access to a diversified employment base that supports workforce housing and commute convenience, including healthcare, industrial, utilities, insurance, and consumer goods offices listed below.
- Anthem Inc Mason Campus II — healthcare services (17.1 miles)
- AK Steel Holding — steel manufacturing (17.3 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (18.6 miles)
- Duke Energy — utilities (20.0 miles)
- Cincinnati Financial — insurance (21.0 miles) — HQ
425 Mission Ln offers scale at 60 units in an inner-suburban neighborhood with stable, above-median renter concentration and healthy occupancy at the neighborhood level. Amenity access compares favorably within the Cincinnati metro, supporting day-to-day livability and tenant retention. According to CRE market data from WDSuite, neighborhood-level occupancy and renter share provide a solid foundation for steady leasing, while rent-to-income levels suggest manageable affordability pressure and potential for disciplined revenue management.
Built in 1979, the asset is older than the neighborhood’s average vintage, creating clear value-add pathways through system updates and unit renovations to compete with 1990s stock. Within a 3-mile radius, forecasts point to population growth and an increase in households, indicating a larger tenant base over the medium term—supportive for occupancy stability and measured rent growth, assuming prudent capital planning and operations.
- Neighborhood-level occupancy and renter concentration support demand and leasing stability.
- 1979 vintage offers value-add potential through renovations and systems modernization.
- Amenity access (grocery, restaurants, services) ranks competitively among 611 metro neighborhoods, aiding retention.
- 3-mile forecasts indicate population and household growth, expanding the prospective renter pool.
- Risks: moderate home values can increase ownership competition; mixed school ratings; older vintage implies ongoing capex planning.