| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 74th | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10 Falls Blvd, Springboro, OH, 45066, US |
| Region / Metro | Springboro |
| Year of Construction | 2005 |
| Units | 65 |
| Transaction Date | 2009-10-13 |
| Transaction Price | $5,000,000 |
| Buyer | FallsApartmentCommunity, |
| Seller | CoffmanFallsApartments,LLC |
10 Falls Blvd Springboro, OH Multifamily Investment
Neighborhood occupancy is in the mid-90s and rents track well with local incomes, supporting stable cash flow potential according to WDSuite’s CRE market data. These figures reflect the surrounding neighborhood, not this specific property.
Located in a suburban pocket of the Cincinnati metro (Springboro, Warren County), the area around 10 Falls Blvd shows solid renter demand and income depth. Neighborhood occupancy is in the upper range nationally (68th percentile), which can support leasing stability for multifamily assets; this refers to neighborhood conditions, not the property itself.
Schools are a standout: the neighborhood’s average school rating ranks 1st among 611 metro neighborhoods and sits in the top percentile nationally. For family-oriented renters, strong schools often translate into longer tenancy and steadier renewal patterns.
Amenity density is thinner at the immediate neighborhood level (few cafes, groceries, and parks per square mile), but essential services like pharmacies and childcare score above the U.S. average. This pattern aligns with a car-oriented suburban location where households tap into broader regional retail and employment nodes.
Within a 3-mile radius, demographics point to a growing and affluent renter pool: population and households have expanded over the past five years, with additional growth projected. Median and mean household incomes are high, and the share of housing units that are renter-occupied is roughly one-quarter, indicating a meaningful tenant base without oversaturation. Rising contract rents alongside strong incomes suggest manageable affordability pressure and potential for steady absorption rather than reliance on outsized concessions.
Home values in the neighborhood are elevated for the region, which generally sustains renter reliance on multifamily housing and can aid retention. At the same time, ownership remains attainable for some households, so competitive positioning and resident experience remain important to limit move-outs to nearby single-family options.
Neighborhood-specific crime statistics are not available in this WDSuite data release. Investors typically benchmark safety by comparing neighborhood trends to broader Cincinnati metro indicators and corroborating with local law enforcement reports. Given the suburban context and strong school performance, conditions often align with stable residential expectations, but on-the-ground diligence remains essential.
Regional employers within commuting range help underpin renter demand, with office footprints spanning healthcare, metals, energy, insurance, and financial services. The following nearby employers illustrate the diverse white-collar base accessible from Springboro.
- Anthem Inc Mason Campus II — healthcare services (19.6 miles)
- AK Steel Holding — metals & manufacturing (21.3 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (22.6 miles)
- Duke Energy — utilities (24.8 miles)
- Prudential Financial — financial services (25.2 miles)
Built in 2005 with 65 units, the asset competes in a suburban Cincinnati submarket where neighborhood occupancy sits above the national average and schools are top-ranked. According to CRE market data from WDSuite, the surrounding area shows high-income households and solid renter demand, which can support steady leasing and rent collection. The 2005 vintage is slightly older than nearby stock on average, pointing to potential value-add via common-area refreshes, unit updates, or systems modernization to maintain a competitive edge.
Within a 3-mile radius, population and household growth, alongside rising contract rents and strong incomes, indicate a larger tenant base and support for occupancy stability. Elevated home values in the neighborhood tend to reinforce multifamily demand, though the presence of attainable ownership alternatives means execution around resident experience and pricing remains important.
- Stable neighborhood fundamentals with occupancy above national averages and top-tier schools supporting retention
- 2005 vintage offers targeted value-add potential to sharpen competitive positioning
- High household incomes and expanding 3-mile renter pool support demand and rent collections
- Elevated ownership costs tend to sustain rental demand and leasing stability
- Risk: car-oriented amenity pattern and nearby ownership options require disciplined pricing and resident experience to limit turnover