| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Poor |
| Demographics | 43rd | Fair |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 825 Central Ave, Franklin, OH, 45005, US |
| Region / Metro | Franklin |
| Year of Construction | 2000 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
825 Central Ave, Franklin OH Multifamily Investment
2000-vintage asset positioned against an older local stock, supporting competitive leasing and durable renter demand in a suburban setting, according to WDSuite’s CRE market data.
Franklin sits within the Cincinnati, OH-KY-IN metro and this neighborhood carries a B- rating with a suburban profile. The property s 2000 construction is newer than the neighborhood s typical 1970s vintage, which can translate to fewer near-term capital surprises and stronger competitiveness versus older buildings, while still planning for systems that are now two-plus decades old.
Operating fundamentals are steady: neighborhood occupancy is near the national middle with modest improvement over the past five years. Median rent levels in the area remain accessible relative to incomes, and the rent-to-income ratio signals manageable affordability pressure, which can help support retention and reduce turnover risk.
Livability indicators are mixed but serviceable for workforce renters. Grocery, restaurants, parks, and pharmacies score around or above national midpoints, while caf e9 and childcare density is limited. Schools trend solidly, with the average rating landing in the top quartile nationally a positive signal for family-oriented renter households.
Within a 3-mile radius, households have been essentially flat in recent years while forecasts point to a larger household base ahead and slightly smaller household sizes. This implies a broader tenant pool forming over time and supports occupancy stability. Renter-occupied housing within this 3-mile area is about 31%, indicating a defined, repeatable base of apartment demand without overwhelming exposure to transiency.
Ownership costs in the neighborhood remain comparatively accessible versus many national markets. That can create some competition with entry-level ownership, but it also tends to support leasing stability when paired with reasonable rent-to-income levels and a suburban amenity set that meets daily needs.
Metro-comparable safety data for this neighborhood are not published in the current release, so investors should benchmark conditions against broader Cincinnati trends and evaluate property-level measures (lighting, access control, and on-site management) during diligence. Absent a metro rank or national percentile, framing risk through comparable suburban submarkets and recent leasing performance can provide practical context.
Regional employment is anchored by manufacturing, insurance/financial services, energy, and healthcare, supporting a commuter renter base from Franklin to the north Cincinnati corridor. The following nearby employers are most relevant to leasing stability and retention.
- AK Steel Holding steel manufacturing (18.5 miles) HQ
- Anthem Inc Mason Campus II insurance operations (19.1 miles)
- Humana Pharmacy Solutions healthcare & pharmacy services (19.9 miles)
- Duke Energy utilities & energy offices (20.6 miles)
- Cincinnati Financial insurance & financial services (21.8 miles) HQ
This 36-unit, 2000-built asset offers a practical blend of durability and tenant appeal in a suburban Cincinnati setting. Newer construction relative to the neighborhood s 1970s average supports competitive positioning versus older stock while still warranting forward capital planning for aging mechanicals. Neighborhood occupancy trends are steady and rent levels align with incomes, which can underpin retention and moderate turnover. Based on CRE market data from WDSuite, local amenities and school quality are adequate to above-average for everyday livability, with schools in the top quartile nationally.
Within a 3-mile radius, households are projected to expand alongside slightly smaller household sizes, which can widen the renter pool over time and support occupancy stability. Ownership costs are relatively accessible compared with many national markets; while that introduces some competition with entry-level ownership, balanced rent-to-income dynamics and proximity to major employers support ongoing multifamily demand.
- 2000 vintage competes well against older neighborhood stock, with manageable near-term capex and clear value-add pathways.
- Steady neighborhood occupancy and rent levels aligned with incomes support leasing durability and retention.
- 3-mile household growth outlook and slightly smaller household sizes broaden the future renter base.
- Proximity to diversified employers underpins commuter demand and reduces reliance on any single industry.
- Risk: accessible ownership options can compete with entry-level rentals; disciplined unit positioning and amenity updates may be needed to sustain pricing power.