| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 50th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 307 Oxford Dr, Greenville, OH, 45331, US |
| Region / Metro | Greenville |
| Year of Construction | 1989 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
307 Oxford Dr Greenville Multifamily in High-Occupancy Submarket
Neighborhood occupancy remains strong and renter demand is supported by everyday amenities and commute patterns, according to CRE market data from WDSuite. For investors, the stability signal at the neighborhood level can aid underwriting around lease retention and pricing power.
The property sits in an Inner Suburb location of Greenville that ranks first among 35 metro neighborhoods with an A+ neighborhood rating. Local amenity density is competitive for a small metro, with groceries, restaurants, pharmacies, parks, and childcare options within the neighborhood. This convenience tends to support day-to-day renter livability and reduces friction for renewal decisions.
Neighborhood occupancy is high at the area level and sits in the top quartile nationally, based on CRE market data from WDSuite. While property-specific performance can vary, this neighborhood-level stability typically supports steadier cash flows through cycles.
Tenure patterns indicate a meaningful renter-occupied share in the neighborhood, roughly one-third of housing units, suggesting a viable tenant base for multifamily. Within a 3-mile radius, renter concentration is in the low-to-mid 40% range and is projected to edge higher over the next five years, pointing to a larger renter pool and potential support for occupancy and lease-up velocity.
The 1989 construction year is slightly newer than the neighborhood average, which can be an advantage versus older local stock. Investors should still plan for aging systems and selective modernization to remain competitive against both newer deliveries and renovated comparables.
Demographics aggregated within a 3-mile radius show modest population growth to date with further expansion projected, alongside rising household incomes and a shift toward a slightly smaller average household size. These trends generally support multifamily demand depth and can help sustain occupancy. Average school quality is around the metro middle, which is serviceable for workforce renters but unlikely to be a primary demand driver.
Ownership costs in this area are relatively accessible compared with higher-cost metros, which can create some competition with entry-level ownership. However, rent-to-income levels at the neighborhood scale remain favorable, supporting retention for well-managed units and providing room for disciplined rent management.
Neighborhood safety indicators compare favorably at the national level. According to WDSuite’s CRE market data, the area performs in the top quartile nationally for both lower violent and property offense rates, which supports leasing stability and resident retention in typical cycles.
Within the Greenville metro context (35 neighborhoods total), recent crime dynamics are competitive rather than outsized, though year-over-year violent incident trends have shown some volatility. Investors should underwrite standard operating measures—lighting, access control, and community engagement—and monitor local reporting for trend continuity rather than relying on block-level assumptions.
Regional employment access is primarily driven by commuting to larger job centers, supporting workforce housing demand. Nearby corporate presence includes Waste Management within driving distance, which contributes to diversified blue- and white-collar employment.
- Waste Management — corporate offices (43.6 miles)
307 Oxford Dr is a 36-unit, 1989-vintage asset with average unit sizes around 752 sq. ft., positioned in Greenville’s highest-rated neighborhood. The submarket’s strong neighborhood occupancy and practical amenity access underpin steady renter demand, while rent-to-income levels suggest headroom for disciplined rent strategies, according to CRE market data from WDSuite. Slightly newer-than-average vintage provides a competitive edge versus older local stock, with selective system upgrades and light renovations likely to enhance positioning.
Within a 3-mile radius, population and household growth are expected to expand the renter pool, and neighborhood-level renter concentration is set to remain meaningful—supporting absorption and retention. The ownership market remains relatively accessible, which can introduce competition with entry-level ownership; however, for well-managed units offering convenience and reliability, the backdrop favors stable occupancy and consistent cash flow.
- High neighborhood occupancy and top-ranked local fundamentals support steady leasing
- 1989 vintage offers competitive positioning with targeted value-add potential
- Growing 3-mile renter pool and amenity convenience aid retention
- Favorable rent-to-income conditions support disciplined pricing power
- Risks: accessible ownership options and variable safety trends warrant conservative underwriting