| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 38th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 216 E Sycamore St, Oxford, OH, 45056, US |
| Region / Metro | Oxford |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2013-04-15 |
| Transaction Price | $690,000 |
| Buyer | RGS PROPERTIES LLC |
| Seller | RED HAWKS 2004 LLC |
216 E Sycamore St Oxford Multifamily Micro-Units Investment
Neighborhood data points to a deep renter pool and steady demand signals, according to WDSuite’s CRE market data, with micro-sized units aligning to value-focused leasing in Oxford, Ohio.
Oxford’s neighborhood metrics indicate a renter-driven housing market: the neighborhood’s share of renter-occupied units is high (ranked 99th out of 611 Cincinnati neighborhoods; 86th percentile nationally), which supports depth of tenant demand and leasing velocity for small-format units. Neighborhood occupancy is softer, so underwriting should emphasize marketing and lease management to sustain stabilization rather than rely solely on passive demand.
Amenity access is mixed. Restaurants per square mile rank 62nd of 611 — competitive among Cincinnati neighborhoods — and grocery availability trends strong nationally (around the 79th percentile). Parks access is a standout, ranking 1st of 611 and among the highest nationwide. By contrast, cafes and pharmacies are sparse locally, which can influence resident convenience and service-oriented tenancy expectations.
Vintage matters for positioning. The property was constructed in 1973, newer than the neighborhood’s average vintage (1963). For investors, this suggests relatively better competitive posture versus older stock, while still planning for system upgrades and selective renovations to improve durability and appeal.
Within a 3-mile radius, demographics skew toward a large 18–34 cohort and a majority renter-occupied share, supporting a sizable tenant base for compact units. Recent years show modest population contraction with a near-term outlook that anticipates household counts holding or improving even if population softens — a setup that can sustain demand for rental housing and support occupancy stability with thoughtful leasing and renewals.
Pricing context: neighborhood asking rents benchmark in the upper mid-range nationally (around the 69th percentile), which can support revenue management if the asset maintains livability advantages while keeping rent-to-income considerations in view.
Safety indicators sit near the metro midpoint and below the national median for comparable neighborhoods. Crime ranks 297th out of 611 Cincinnati neighborhoods — roughly around the metro median — and national comparisons place the area near the lower third for safety. Property offenses benchmark higher than average nationally, while violent-offense levels trend closer to the national middle. Recent year-over-year changes indicate some volatility; investors should incorporate prudent security, lighting, and resident-experience measures into operating plans.
Proximity to regional employers supports workforce housing demand and commute convenience for residents, notably across utilities, insurance/financial services, metals, and healthcare administration. The list below highlights key employers within a commutable radius that underpin local renter demand.
- Duke Energy — utilities (16.3 miles)
- Cincinnati Financial — insurance (18.3 miles) — HQ
- AK Steel Holding — metals (21.0 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (21.7 miles)
- Prudential Financial — financial services (23.5 miles)
216 E Sycamore St offers 24 micro-sized units that align with value-focused renter segments in a neighborhood with elevated renter concentration and strong park and dining access. While the neighborhood’s occupancy runs softer than the metro, the combination of compact floor plans and modernization potential can support resilient leasing with disciplined operations. The 1973 vintage is newer than the neighborhood average, suggesting competitive positioning versus older stock while still warranting targeted capital planning for building systems and finishes.
Within a 3-mile radius, a large 18–34 population share and majority renter-occupied housing support a broad tenant base, and household counts are positioned to hold or improve even if population growth remains muted — factors that can aid occupancy stability and retention. According to CRE market data from WDSuite, local asking rents sit in the upper mid-range nationally, reinforcing revenue potential if affordability is managed and renewals are prioritized.
- Micro-units align with value-focused demand, supporting lease-up and renewal options
- 1973 construction is newer than neighborhood average, with clear modernization/value-add pathways
- Elevated renter concentration in the neighborhood and within 3 miles deepens the tenant base
- Strong parks and solid dining/grocery access enhance livability and retention potential
- Risk: neighborhood occupancy is softer and safety trends are mixed — require proactive leasing and property management