| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Good |
| Demographics | 54th | Fair |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3770 Southpoint Pkwy, Oxford, OH, 45056, US |
| Region / Metro | Oxford |
| Year of Construction | 2006 |
| Units | 24 |
| Transaction Date | 2011-06-10 |
| Transaction Price | $18,000,000 |
| Buyer | LEVEL 27 LLC |
| Seller | PEP-OXFORD OH LLC |
3770 Southpoint Pkwy, Oxford OH — 2006 Multifamily
Neighborhood occupancy is steady and renter demand is supported by a high renter-occupied share nearby, according to WDSuite’s CRE market data. The asset’s 2006 vintage positions it competitively versus older local stock, aiding leasing stability.
Rated B+ and ranked 198 out of 611 Cincinnati metro neighborhoods, the area is above the metro median and competitive among Cincinnati neighborhoods. Median contract rents in the neighborhood sit below the national midpoint, while neighborhood occupancy is 92.8%, reinforcing income durability for multifamily operators.
The property’s 2006 construction is newer than much of the surrounding housing stock (neighborhood average year built skews mid-20th century), which can reduce near-term capital expenditures and support rent positioning relative to older comparables. That said, systems are approaching mid-life, so planning for targeted modernization remains prudent.
Within a 3-mile radius, demographics are concentrated in young adults, and approximately two-thirds of housing units are renter-occupied, indicating a deep tenant base for leasing and renewals. Population counts have edged lower over the last five years, while household patterns have been mixed; this suggests leasing strategies should emphasize retention and consistent turn management to support occupancy stability.
Amenity access is mixed: pharmacy and park access are above national median levels, cafés are relatively available for a suburban setting, while restaurants and grocery options are thinner. For investors, this combination points to day-to-day convenience but limited dining density, which may modestly influence walkable lifestyle appeal.
Home values are elevated relative to local incomes (value-to-income measures trend higher than the national median), which supports sustained reliance on rental housing. Rent-to-income levels track below the higher-pressure thresholds, aiding lease retention and embedded affordability from an operator’s perspective.
Safety indicators are mixed in comparative terms. Overall, the neighborhood ranks 240 out of 611 within the Cincinnati metro, making it competitive among Cincinnati neighborhoods, though its overall national standing trends below the midpoint. However, estimated violent and property offense rates place the neighborhood in stronger national percentiles than broad crime composites suggest.
Recent year-over-year data show an uptick in estimated property-related incidents, so investors may wish to monitor near-term trends and incorporate standard security measures and resident communication practices. Framing safety at the submarket level rather than block-by-block remains appropriate for underwriting.
Proximity to regional employers supports workforce housing demand and commute convenience for residents. Key nearby employers include Duke Energy, Cincinnati Financial, AK Steel Holding, Humana Pharmacy Solutions, and Prudential Financial.
- Duke Energy — utilities (14.4 miles)
- Cincinnati Financial — insurance (16.5 miles) — HQ
- AK Steel Holding — steel manufacturing (19.3 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (19.9 miles)
- Prudential Financial — financial services (21.7 miles)
3770 Southpoint Pkwy offers a 24-unit, 2006-vintage multifamily position in a neighborhood that is above the metro median and competitive among Cincinnati neighborhoods for overall quality. According to CRE market data from WDSuite, neighborhood occupancy is in the low-90s, and a high share of renter-occupied units within 3 miles supports a sizable tenant base for leasing and renewals. The asset’s newer vintage relative to much of the area’s stock can help sustain competitiveness while focusing capital on selective modernization rather than full-scale rehabilitation.
Demand fundamentals are underpinned by elevated ownership costs versus incomes in the surrounding area, which can reinforce renter reliance and pricing power in stable operations. Amenity access is serviceable for daily needs, though not dining-dense, and recent safety readings are mixed, warranting prudent on-site management. Overall, the thesis centers on occupancy stability, durable renter demand, and mid-life value-add potential within a suburban Cincinnati context.
- 2006 vintage competes well against older neighborhood stock with targeted modernization upside
- Neighborhood occupancy around the low-90s supports income stability and retention focus
- High renter-occupied share within 3 miles indicates depth of tenant demand
- Elevated ownership costs relative to incomes bolster reliance on rental housing
- Risk: mixed safety readings and recent property-incident uptick call for vigilant management