| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 84th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3394 Townsley Dr, Loveland, OH, 45140, US |
| Region / Metro | Loveland |
| Year of Construction | 2005 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3394 Townsley Dr, Loveland OH Multifamily Investment
Renter concentration and steady neighborhood occupancy indicate durable demand drivers for this submarket, according to WDSuite s CRE market data. Newer-2000s stock nearby supports competitive positioning without relying solely on lease-up momentum.
Situated in Loveland within the Cincinnati metro an Inner Suburb neighborhood rated A+ (ranked 1 out of 611 metro neighborhoods) the area combines strong incomes and amenity access that typically support leasing stability. Neighborhood metrics, not property figures, show restaurant and cafe density competitive among Cincinnati neighborhoods (both in the top quartile nationally), alongside grocery and park access that test above national medians, according to CRE market data from WDSuite.
Schools in the neighborhood average a 4.0 out of 5 with performance competitive nationally (84th percentile), a characteristic that often sustains family-oriented renter demand. The neighborhood s renter-occupied share is 44.4% (84th percentile nationally), indicating a deep tenant base for multifamily operators, while occupancy in the neighborhood sits around the national upper-middle range (60th percentile). Median asking rents benchmark in the upper tier for the region (78th percentile nationally), signaling pricing power where unit quality and management execution are strong.
Vintage context matters for capital planning: the neighborhood s average construction year is 2003, while the subject s 2005 delivery positions it slightly newer than local stock. That relative age can reduce near-term systems capex versus older 1990s product, though selective modernization may still be warranted to outperform comparable assets.
Demographics aggregated within a 3-mile radius show modest population change recently but a growing number of households and smaller average household sizes rends that typically broaden the renter pool and support occupancy. Forward-looking estimates point to meaningful household growth through 2028 alongside rising incomes, which can underpin rent performance and renewal retention. Elevated home values in the neighborhood relative to many U.S. areas sustain reliance on multifamily options, supporting demand depth and lease stability rather than one-time lease-up effects.
Neighborhood safety indicators compare favorably at the national level: violent offense rates are in a stronger national tier (around the 78th percentile), and property offense rates are also strong (around the 90th percentile) compared with neighborhoods nationwide. Within the Cincinnati metro, overall crime ranks toward the safer side rather than the high-crime end of the spectrum.
That said, year-over-year volatility in estimated property offenses has recently moved unfavorably, suggesting operators should maintain standard security protocols and monitor local trends. Taken together, the area reads as comparatively safe nationally with attention warranted to short-term fluctuations rather than a structural safety concern.
Proximity to regional employers supports commuter convenience and multifamily demand, with a mix of healthcare, materials, retail logistics, and financial services represented by Anthem, Kroger, AK Steel, Humana Pharmacy Solutions, and Prudential Financial.
- Anthem Inc Mason Campus II healthcare services (0.92 miles)
- Kroger DCIC retail logistics (7.25 miles)
- AK Steel Holding materials & corporate offices (7.87 miles) HQ
- Humana Pharmacy Solutions healthcare & pharmacy operations (7.99 miles)
- Prudential Financial financial services (8.74 miles)
3394 Townsley Dr is a 48-unit, 2005-vintage asset positioned slightly newer than the neighborhood s early-2000s average, which can aid competitiveness against older stock while leaving room for targeted upgrades. Neighborhood data point to upper-middle occupancy and a 44%+ renter-occupied share, indicating a deep tenant base. Elevated home values relative to incomes tend to keep households engaged with rental options, while a rent-to-income profile near mid-range suggests room for disciplined rent growth without overextending affordability, based on CRE market data from WDSuite.
Within a 3-mile radius, households have increased and are projected to expand meaningfully through 2028, with smaller household sizes and rising incomes broadening the renter pool and supporting retention. Amenity access and competitive school ratings complement proximity to diverse employers, reinforcing location fundamentals. Operators should still plan for selective modernization and watch short-term property-crime volatility and potential competition from ownership as incomes rise.
- 2005 vintage offers relative competitiveness versus older local stock, with targeted value-add potential
- Deep renter base and upper-middle neighborhood occupancy support demand stability
- Household growth and income gains within 3 miles expand the tenant pool and pricing power
- Amenity access and nearby employers aid leasing velocity and renewal retention
- Risks: monitor property-crime volatility and competition from ownership as incomes rise