| 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 | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1110 E Main St, Lebanon OH Multifamily Opportunity
Neighborhood occupancy trends are above the national median and ownership costs are elevated relative to incomes, reinforcing renter reliance on apartments in this suburban pocket, according to WDSuite’s CRE market data.
Lebanon’s suburban setting provides steady renter demand supported by a workforce draw from nearby corporate corridors and a renter-occupied share that signals a defined but stable tenant base. Neighborhood occupancy is in the upper half nationally, which can support leasing durability and renewal rates through cycles, per WDSuite’s CRE market data.
Amenities trend mixed: cafes score in the top third nationally, while restaurant and pharmacy density is thinner in the immediate neighborhood. Grocery and park access sit around the national middle, suggesting day-to-day convenience without the intensity of urban retail nodes. For investors, this typically favors quieter, residential leasing profiles over transient traffic.
Construction vintage in the area skews older than the subject property’s 2003 build year. Being newer than the neighborhood average (1986) positions the asset competitively versus legacy stock; however, two decades of operation still warrant selective modernization and systems planning to defend rents and reduce near-term capex surprises.
Within a 3-mile radius, the population and household counts have inched higher and are projected to expand further by 2028, pointing to a larger tenant base over time. Median household incomes are solid for the region and rent-to-income sits in a favorable range, which can aid retention and measured pricing power. Elevated for-sale home values and a high value-to-income ratio indicate a high-cost ownership market locally, a backdrop that typically sustains multifamily demand and supports occupancy stability.
Comparable, neighborhood-level crime metrics are not available in the current WDSuite release for this specific area. Investors commonly benchmark property operations against broader Cincinnati metro trends and municipal reports, then prioritize site-level measures (lighting, controlled access, and visibility) to align with resident expectations.
In practice, underwriting in suburban submarkets like Lebanon often pairs external data reviews with on-the-ground observations at different times of day and coordination with local stakeholders. This approach helps calibrate policies and budgets without over-relying on incomplete datasets.
The employment base spans regional corporate offices that underpin commuter demand and support leasing stability for workforce-oriented apartments. Notable nearby employers include Anthem, AK Steel, Humana Pharmacy Solutions, Kroger DCIC, and Prudential Financial.
- Anthem Inc Mason Campus II — corporate offices (10.4 miles)
- AK Steel Holding — corporate offices (14.7 miles) — HQ
- Humana Pharmacy Solutions — corporate offices (15.7 miles)
- Kroger DCIC — corporate offices (17.0 miles)
- Prudential Financial — corporate offices (17.6 miles)
1110 E Main St offers suburban durability backed by neighborhood occupancy that tracks above the national median and a renter base supported by a high-cost ownership market. The 2003 construction is newer than much of the surrounding stock, providing competitive positioning versus older assets while still presenting targeted value-add through interior updates and building systems optimization. According to CRE market data from WDSuite, income levels in the area are healthy relative to prevailing rents, which helps underpin retention and measured rent growth.
Forward-looking household and population expansion within a 3-mile radius points to a growing tenant pool through the middle of the decade. Amenity density is moderate—stronger for cafes than for full-service restaurants or pharmacies—aligning with a quieter residential profile. Underwriting should balance these strengths with prudent reserves for mid-life building components and attention to local retail convenience as a leasing narrative.
- Newer 2003 vintage versus neighborhood average supports competitive positioning with selective modernization upside
- Neighborhood occupancy sits above the national median, supporting leasing stability through cycles
- High-cost ownership market reinforces reliance on rentals, aiding tenant retention and pricing power
- 3-mile radius outlook indicates growth in the renter pool, bolstering long-term demand
- Risks: thinner restaurant/pharmacy density and mid-life systems may require targeted capex and leasing strategy focus