| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 47th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 621 McGuffey Ave, Oxford, OH, 45056, US |
| Region / Metro | Oxford |
| Year of Construction | 1973 |
| Units | 30 |
| Transaction Date | 1996-10-08 |
| Transaction Price | $2,690,000 |
| Buyer | OGDEN INVESTMENTS |
| Seller | KOSTIC IRMA G |
621 McGuffey Ave, Oxford OH Multifamily Investment
Neighborhood renter concentration is above the metro median and elevated ownership costs support sustained rental demand, according to WDSuite’s CRE market data. Investors should underwrite for stable leasing fundamentals with selective value-add to improve competitiveness.
This Inner Suburb neighborhood in the Cincinnati metro carries a B+ rating and sits above the metro median overall, indicating competitive fundamentals among 611 metro neighborhoods. Occupancy in the neighborhood trends below the metro median, but a higher share of renter-occupied housing units suggests a deeper tenant base that can support leasing stability when product is positioned correctly.
Daily-needs access is a relative strength: grocery and pharmacy density track around the upper-mid national percentiles, while park access is similarly competitive. Dining and café density is lighter in the immediate area, so residents may rely more on nearby corridors for restaurants and coffee options. Average school ratings are in the upper-third nationally, which can aid retention for households prioritizing education.
Within a 3-mile radius, demographics skew younger with a large 18–34 share and modest population contraction over the last five years. Even as population growth softens, projections indicate an increase in total households, implying smaller household sizes and an expanding renter pool over time—supportive of multifamily demand. Median contract rents in the 3-mile area have risen meaningfully in recent years, reinforcing pricing power where unit quality and management are strong, as highlighted by WDSuite’s multifamily property research.
The property’s 1973 vintage is older than the neighborhood’s average construction year. That age profile typically requires targeted capital planning for systems, interiors, and curb appeal—creating potential value-add upside to close the competitive gap with newer stock and capture renter demand driven by the neighborhood’s renter concentration and ownership-cost dynamics.
Safety indicators for the neighborhood sit near the metro midpoint and below national averages. Compared with other Cincinnati neighborhoods (611 total), the crime rank places this area around the middle of the pack rather than in the top quartile. Nationally, the neighborhood aligns with lower safety percentiles, so investors should incorporate prudent security features and operating practices into underwriting.
Recent data also shows a notable uptick in reported property offenses year over year. While single-year swings can reflect reporting changes, monitoring trend direction and coordinating with local resources can help support resident satisfaction and lease retention.
Proximity to regional employers supports commuter convenience and broad renter demand, led by energy, insurance, steel, healthcare services, and financial services represented below.
- Duke Energy — energy (16.2 miles)
- Cincinnati Financial — insurance (18.2 miles) — HQ
- AK Steel Holding — steel (21.2 miles) — HQ
- Humana Pharmacy Solutions — healthcare services (21.8 miles)
- Prudential Financial — financial services (23.5 miles)
621 McGuffey Ave is a 30-unit, 1973-vintage asset positioned in an Oxford neighborhood that is competitive within the Cincinnati metro but shows occupancy below the metro median. The area’s high renter-occupied share and elevated ownership costs relative to incomes point to a durable tenant base and support for stabilized leasing when product quality is upgraded. According to CRE market data from WDSuite, recent rent trends and neighborhood amenity access (grocery, pharmacy, parks) reinforce the case for incremental pricing power where renovations address functional and finish-level gaps.
Within a 3-mile radius, a younger-skewed population and projections for more households—even alongside slower population growth—suggest a larger renter pool over time. The older vintage relative to neighborhood norms implies targeted capex and value-add opportunities that can enhance competitiveness, improve retention, and capture rent premiums against older, unrenovated comparables. Key risks include safety metrics that trail national levels and lighter restaurant/café density, both of which warrant conservative underwriting and focused asset management.
- Renter concentration above metro median supports demand depth and leasing stability
- 1973 vintage offers value-add potential through systems, interiors, and curb appeal upgrades
- Household growth within 3 miles points to an expanding renter pool despite slower population growth
- Amenity access (grocery, pharmacy, parks) and recent rent momentum support achievable pricing with strong execution
- Risks: safety metrics below national averages and limited dining/café density call for conservative underwriting