| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 70th | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1110 E Main St, Lebanon, OH, 45036, US |
| Region / Metro | Lebanon |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1110 E Main St Lebanon Multifamily Investment
Positioned in a suburban Cincinnati neighborhood with steady occupancy and high home values, the asset benefits from durable renter demand and competitive positioning versus older stock, according to WDSuite’s CRE market data. One clear takeaway for investors: neighborhood occupancy has trended firm while ownership costs remain elevated, supporting retention and pricing discipline.
Lebanon s suburban setting combines stable renter demand with strong ownership pricing. The neighborhood carries an A- rating and ranks 105 out of 611 Cincinnati metro neighborhoods, making it competitive among Cincinnati neighborhoods. Relative to the metro, median home values sit in the 81st percentile nationally and the value-to-income ratio is also high (80th percentile), which typically supports sustained reliance on rental housing and aids lease retention.
At the neighborhood level, occupancy is measured at 94.2% and has improved over the last five years, landing around the 66th percentile nationally; this indicates stable performance versus national peers rather than late-cycle softness. Renter-occupied unit share at the neighborhood level is on the lower side (above the 62nd national percentile for renter share), implying a diversified housing base with a moderate but durable tenant pool for multifamily.
The property s 2003 vintage is newer than the area s average construction year of 1986. Newer vintage typically reduces near-term capital expenditure exposure and enhances competitive positioning against older inventory, while still leaving room for targeted modernization to drive rent premiums.
Amenities are mixed: grocery access is around the national midpoint, while cafes score stronger than average (71st percentile nationally). However, the immediate neighborhood shows limited restaurant, pharmacy, and childcare density. For investors, this translates into a quieter suburban profile that can favor longer tenures, though it may modestly cap convenience-based rental premiums.
Within a 3-mile radius, WDSuite s demographics indicate a growing base: population and households have inched up in recent years, and forward-looking projections call for meaningful increases in households by 2028. The local income profile is solid, with median and mean household incomes trending higher, expanding the qualified renter pool and supporting occupancy stability.
Comparable crime metrics for this neighborhood are not available in WDSuite at this time. Investors typically evaluate city and county trendlines alongside property-level controls (access management, lighting, and leasing policies) to contextualize safety and retention risk.
Major corporate employers within commuting distance underpin renter demand and support retention through diversified professional and office employment, including health care, insurance, steel, and consumer goods.
- Anthem Inc Mason Campus II insurance/health benefits offices (10.4 miles)
- AK Steel Holding steel manufacturing offices (14.8 miles) HQ
- Humana Pharmacy Solutions healthcare services (15.7 miles)
- Kroger DCIC consumer goods/retail offices (17.1 miles)
- Prudential Financial financial services (17.7 miles)
1110 E Main St offers investors a 24-unit, 2003-vintage asset in a Cincinnati suburban neighborhood where occupancy remains firm and ownership costs are elevated relative to incomes. The neighborhood s competitive rank within the metro and steady (66th-percentile) occupancy backdrop point to stable leasing fundamentals rather than oversupply risk. Newer vintage relative to the area average (1986) suggests manageable near-term capex with potential to harvest value through targeted upgrades.
Within a 3-mile radius, WDSuite s demographics show a growing and increasingly affluent renter pool, with households projected to rise meaningfully by 2028; combined with a moderate neighborhood renter concentration, this supports depth of demand without excessive turnover. According to CRE market data from WDSuite, high home values and a mid-range rent-to-income profile reinforce retention and pricing power for well-managed multifamily assets in this pocket of Warren County.
- Durable leasing backdrop: neighborhood occupancy near the national upper-middle tier with positive five-year momentum.
- Competitive positioning: 2003 construction outperforms older submarket stock, tempering immediate capex needs.
- Demand drivers: elevated ownership costs and rising 3-mile household counts support tenant base expansion and retention.
- Value-add potential: targeted modernization can capture premiums given income strength and limited new like-kind supply locally.
- Risks: lighter nearby amenity density and a moderate renter concentration could temper rent-growth outperformance; active lease management remains important.