| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 73rd | Best |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1500 Parkside Ln, Mason, OH, 45040, US |
| Region / Metro | Mason |
| Year of Construction | 1972 |
| Units | 72 |
| Transaction Date | 2005-05-27 |
| Transaction Price | $2,730,000 |
| Buyer | HYCEIT II LLC |
| Seller | TREND INVESTMENTS |
1500 Parkside Ln Mason Multifamily Opportunity
Neighborhood multifamily occupancy is trending near the mid‑90s, supporting income stability, according to WDSuite’s CRE market data. A meaningful renter-occupied share and strong area incomes point to steady leasing fundamentals rather than outsized volatility.
Mason’s inner-suburban location delivers a balanced mix of livability and investment stability. The neighborhood ranks 6th of 611 in the Cincinnati metro (A+ rating), placing it well above the metro median on overall fundamentals. Amenity access is competitive among Cincinnati neighborhoods, with cafes, parks, groceries, and pharmacies testing in the upper national percentiles, which helps with resident retention and renewal velocity.
From an income perspective, the area skews affluent relative to national benchmarks, and contract rents in the neighborhood sit in the upper tier of the metro (ranked 22 of 611). Neighborhood occupancy around 95% is above the metro median, and average NOI per unit performance also ranks near the top of metro peers (12 of 611), signaling durable operations potential for well-managed assets.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1995). For investors, that typically points to capital planning needs and potential value‑add upside through system upgrades and interior modernization to stay competitive with newer stock.
Demographics aggregated within a 3‑mile radius show population growth of roughly 5–6% over the last five years, households up about 6%, and a projected increase of roughly 10% in population and 34% in households by 2028. This expansion should enlarge the tenant base and support occupancy stability. The renter-occupied share within this 3‑mile area is lower than ownership, which suggests a shallower renter pool but also indicates that professionally managed units can capture demand from households prioritizing convenience and quality within a high‑income area. Based on CRE market data from WDSuite, elevated home values in the neighborhood context support rental demand by making multifamily a practical alternative for many households.
Neighborhood safety indicators are competitive among Cincinnati neighborhoods. Crime ranks 178 out of 611 metro neighborhoods, roughly better than the metro midpoint, and national percentiles sit modestly above the middle of the pack. Recent trends show estimated property and violent offense rates easing year over year, which, while not a guarantee, supports steady operations and resident retention.
Nearby white‑collar employers anchor daytime population and support renter demand through commute convenience, including Anthem Inc Mason Campus II, AK Steel Holding, Humana Pharmacy Solutions, Kroger DCIC, and Prudential Financial.
- Anthem Inc Mason Campus II — healthcare insurance offices (3.5 miles)
- AK Steel Holding — steel manufacturing corporate offices (8.1 miles) — HQ
- Humana Pharmacy Solutions — healthcare and pharmacy services (8.8 miles)
- Kroger DCIC — retail and consumer goods offices (9.9 miles)
- Prudential Financial — insurance and financial services (10.5 miles)
1500 Parkside Ln benefits from a high-performing suburban location where neighborhood occupancy trends near 95% and rent levels sit in the metro’s upper tier; according to CRE market data from WDSuite, these metrics are above the metro median and align with strong NOI per unit performance versus peers. Within a 3‑mile radius, recent population and household growth — with further increases projected through 2028 — suggest a larger tenant base that can support lease-up and renewal stability.
Built in 1972, the asset is older than the local average vintage, creating a clear value‑add path via selective renovations and modernization to maintain competitiveness against 1990s and 2000s product. The broader area leans owner‑occupied, so marketing and amenity positioning should focus on capturing high‑income renters seeking quality and convenience rather than deep concessions; affordability pressure appears manageable given rent-to-income levels reported for the neighborhood.
- Above‑median neighborhood occupancy with upper‑tier rent positioning supports income stability
- Strong 3‑mile population and household growth expands the renter pool and leasing depth
- 1972 vintage offers value‑add and CapEx-driven upside to compete with newer stock
- Proximity to major employers supports retention and reduces downtime between turns
- Risks: owner‑leaning area means a thinner renter base; older systems may require near‑term capital