| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 8th | Poor |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 616 S College Ave, Oxford, OH, 45056, US |
| Region / Metro | Oxford |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 1994-04-01 |
| Transaction Price | $3,100,000 |
| Buyer | --- |
| Seller | --- |
616 S College Ave, Oxford OH Multifamily Investment
High renter concentration in the surrounding neighborhood supports a durable tenant base, while softer local occupancy calls for active leasing strategy, according to WDSuite’s CRE market data.
Located in Oxford, Ohio (Butler County), the property sits in an Inner Suburb neighborhood where renter-occupied housing is prevalent, indicating depth in the tenant pool at the neighborhood level rather than the asset itself. The 1973 vintage is newer than the neighborhood’s average construction year, which can position the asset more competitively versus older stock while still leaving room for targeted modernization.
Amenities are mixed. Restaurant density trends in the top percentiles nationally, and pharmacy access ranks strong (above most neighborhoods nationwide), but immediate counts of cafes, groceries, and parks are lean. For investors, this combination supports dining convenience but suggests residents may rely on short drives for daily-needs retail.
On housing fundamentals, neighborhood occupancy reads softer by WDSuite’s measures, so lease-up and retention planning will matter. That said, the neighborhood’s renter-occupied share sits in a high national percentile, reinforcing demand depth for multifamily. Median contract rents in the 3-mile area have risen over the last five years, pointing to pricing resilience even as managers should monitor affordability and renewal risk.
Demographics within a 3-mile radius skew heavily toward ages 18–34 and show a small decline in total population alongside a slight reduction in household counts historically, with WDSuite indicating an increase in projected household counts ahead. This pattern can imply smaller household sizes and a steady flow of renters entering the market, supporting occupancy stability for efficiently sized units.
Relative to the Cincinnati metro, the neighborhood’s crime rank falls in the lower-performing half (ranked 345 out of 611 neighborhoods), signaling safety conditions that are weaker than many peer areas. Nationally, WDSuite’s indicators place the area below average for safety, so investors should underwrite with prudent security measures and tenant communication protocols.
Trends over the last year show property and violent offense indicators that warrant attention. While these are neighborhood-level metrics rather than building-specific, comparative benchmarking supports budgeting for lighting, access controls, and partnership with local enforcement as part of risk management.
Regional employment is diversified across utilities, insurance/financial services, steel, and healthcare, supporting commuter demand and lease retention for workforce-oriented units. The list below highlights nearby anchors most relevant to renter demand from this location.
- Duke Energy — utilities (15.9 miles)
- Cincinnati Financial — insurance (18.0 miles) — HQ
- AK Steel Holding — steel (20.9 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (21.5 miles)
- Prudential Financial — financial services (23.2 miles)
The 72-unit 1973-vintage asset offers relative competitiveness against older neighborhood stock, with potential value-add through modernization and operational upgrades. Neighborhood metrics from WDSuite point to a deep renter base and rising contract rents in the surrounding 3-mile area, but with softer neighborhood occupancy that rewards disciplined leasing, renewals, and expense control.
Demographic composition within 3 miles is anchored by a large 18–34 cohort and a projected increase in household counts, supporting a consistent renter pipeline. Proximity to a diverse set of regional employers within roughly 16–23 miles provides additional demand support. Underwriting should also account for elevated rent-to-income signals in the neighborhood and below-average safety benchmarks, balancing revenue ambitions with prudent concessions, screening, and onsite security. These dynamics are corroborated by commercial real estate analysis from WDSuite without implying performance guarantees.
- Newer-than-neighborhood-average 1973 vintage with scope for targeted renovations
- High renter-occupied share at the neighborhood level supports tenant demand depth
- Rising 3-mile contract rents and diversified regional employers underpin income durability
- Operational upside via focused leasing and renewal strategy amid softer neighborhood occupancy
- Risks: below-average neighborhood safety and affordability pressure (rent-to-income) require active management