| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 50th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 309 Oxford Dr, Greenville, OH, 45331, US |
| Region / Metro | Greenville |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
309 Oxford Dr Greenville OH 24-Unit Multifamily
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data, with a renter-occupied base that supports lease stability in this inner-suburban pocket of Greenville.
Located in Greenville’s inner suburb, the property benefits from a neighborhood rated A+ and competitive livability signals versus the metro. Neighborhood occupancy trends are strong and rank competitively among the 35 Greenville neighborhoods while also landing in the top quartile nationally, supporting income durability for stabilized multifamily assets.
Daily needs are convenient: grocery, pharmacy, parks, and dining options score above national averages, with grocery and restaurants ranked near the top among 35 local neighborhoods. This amenity mix helps retention and broadens the renter draw for smaller unit formats like the average 461 sq. ft. profile here.
Rents in the area skew lower than national norms, which can aid retention but may moderate near‑term pricing power. At the same time, the neighborhood’s rent‑to‑income ratio sits in a favorable national percentile, suggesting limited affordability pressure and supporting renewals and collections. Median home values are moderate for the region, which means the ownership market is accessible enough to create some competition, but not so low as to undermine multifamily demand.
The asset’s 1989 vintage is slightly newer than the neighborhood’s average construction year (mid‑1980s), offering relative competitiveness versus older stock. Investors should still underwrite for selective system updates or interior refreshes to capture value‑add upside and to keep pace with renter expectations.
Within a 3‑mile radius, demographics indicate modest population growth with a projected increase through 2028 alongside a rising share of renter‑occupied housing. Household counts are expected to increase, even as average household size trends a bit smaller, which typically expands the renter pool and supports occupancy stability for well‑located, smaller‑format units.
Safety indicators compare favorably at the national level: the neighborhood sits around the top quartile nationwide for both lower property and violent offense rates. According to CRE market data from WDSuite, estimated property offenses trended down over the last year, while violent offenses showed a recent uptick, signaling mixed momentum that investors should monitor rather than a definitive shift.
Against regional peers, the area’s recent trend suggests generally stable conditions with improving property crime and some volatility in violent incidents. A prudent approach is to track multi‑year trends and management practices, recognizing that block‑level variation is common and that neighborhood figures are broader than any single property.
The broader labor base is diversified at the regional scale. Proximity to corporate operations such as Waste Management provides steady blue‑ and gray‑collar employment that can support renter demand and retention.
- Waste Management — waste services (43.6 miles)
This 24‑unit, 1989‑built asset aligns with a neighborhood that shows strong occupancy and everyday convenience, supporting durable collections and resident retention. Lower relative rents paired with a favorable rent‑to‑income profile point to manageable affordability pressure, while moderate home values suggest the multifamily option remains relevant even as some households consider ownership. According to CRE market data from WDSuite, neighborhood performance ranks competitively within the metro and lands in high national percentiles for occupancy, reinforcing income stability.
Demand drivers extend beyond the block: within a 3‑mile radius, population is projected to grow with more households and a rising renter share, implying a larger tenant base for smaller‑format units. The 1989 vintage offers a platform for targeted renovations and operational improvements to enhance competitiveness versus older nearby stock, with underwriting attention to capex, school quality perception, and measured rent growth.
- High neighborhood occupancy and competitive metro ranking support income stability
- Favorable rent‑to‑income profile aids renewals and pricing resilience
- 1989 vintage with value‑add potential through selective updates
- 3‑mile outlook shows population and household growth, expanding the renter pool
- Risks: small‑market scale, average school ratings, and mixed near‑term safety trends may temper rent growth