| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 51st | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 852 Franklin Rd, Lebanon, OH, 45036, US |
| Region / Metro | Lebanon |
| Year of Construction | 2010 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
852 Franklin Rd Lebanon 2010 Multifamily Investment
Located in an inner-suburban pocket of the Cincinnati metro, this 30-unit asset benefits from stable neighborhood occupancy and a renter-leaning housing base, according to WDSuite’s CRE market data. The 2010 vintage positions the property competitively versus older local stock, supporting steady operations and durable demand.
Lebanon’s inner-suburban location offers a balanced living environment with day-to-day conveniences and access to regional employment centers. The neighborhood ranks competitive among Cincinnati neighborhoods (207 out of 611), signaling an investable mix of livability and fundamentals rather than a pure core-or-fringe profile. Restaurant density trends above metro norms while grocery access tracks favorably; parks, pharmacies, and cafes are thinner locally, which tilts daily needs toward nearby corridors rather than immediate blocks.
From an income and tenure lens, neighborhood rent-to-income sits near 20% and the share of renter-occupied housing is about 55%, indicating depth in the tenant base and supportive conditions for lease retention and ongoing multifamily demand. Median contract rents hover around the low-$900s with multi-year growth momentum, which aligns with steady absorption and helps underpin predictable operations for workforce-oriented units.
Neighborhood occupancy is around 93% and has improved in recent years, placing it in the national mid-to-upper range and reinforcing a baseline for leasing stability. Within a 3-mile radius, population and household counts have risen over the past five years, and WDSuite’s projections point to further increases by 2028, expanding the larger tenant base and supporting occupancy resilience.
Ownership costs in the area are moderate relative to incomes, which can occasionally compete with rentals at the margin; however, this typically supports measured pricing power for well-maintained multifamily properties while preserving a sizable renter pool. For context, the property’s 2010 construction year is newer than the neighborhood average vintage (1984), offering a competitive edge versus older stock, though investors should still budget for mid-life system updates and common-area refreshes to maintain positioning.
Neighborhood-level crime metrics are not published for this location in the current WDSuite release. Investors commonly benchmark local safety sentiment against metro-wide patterns and municipal reports to gauge trend direction and resident retention considerations. A review of recent city and county sources, alongside property-level incident histories, can help contextualize conditions relative to comparable Cincinnati suburbs.
Proximity to regional employers supports commute convenience and renter retention, with a concentration of corporate offices within roughly 10–20 miles. The list below reflects nearby nodes that help underpin local multifamily demand.
- Anthem Inc Mason Campus II — corporate offices (10.2 miles)
- AK Steel Holding — corporate offices (13.6 miles) — HQ
- Humana Pharmacy Solutions — corporate offices (14.6 miles)
- Kroger DCIC — corporate offices (16.6 miles)
- Duke Energy — corporate offices (18.6 miles)
This 30-unit property combines a newer 2010 vintage with a renter-leaning neighborhood profile, supporting durable absorption and competitive positioning versus older area assets. Neighborhood occupancy trends near the mid-90s and has improved over time, while rent-to-income around 20% suggests manageable affordability pressure that can aid retention. Within a 3-mile radius, rising population and household counts, with additional growth projected by 2028, point to a larger tenant base and support for stable leasing. According to CRE market data from WDSuite, the submarket’s restaurant and grocery access are favorable for daily living, even as parks and cafes are less concentrated locally.
The asset’s vintage reduces near-term competitive risk relative to older stock, yet investors should plan for mid-life capital items and selective value-add to sustain pricing power. Ownership remains relatively accessible in this part of the metro, which can introduce competition at certain rent tiers; however, a sizable share of renter-occupied units and proximity to corporate employment nodes help preserve depth of demand for well-managed multifamily.
- 2010 construction offers competitive positioning versus older neighborhood inventory
- Renter-occupied share near the mid-50s supports a deeper tenant base
- Neighborhood occupancy around the mid-90s with improving trend supports leasing stability
- 3-mile radius shows population and household growth, expanding renter demand
- Risks: accessible ownership options and lighter park/cafe concentration may temper top-end rent growth