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340 N Locust St 3 Unit Apartment Building $567,600 ($189,200/Unit) Oxford, OH 45056
Investment Highlights
- Turnkey student rental with tenants secured through 2027/2028 school year.
- Great student rental located in the Mile Square - Miami University
Executive Summary
High-performing, fully leased investment with proven income and upside. Triplex permitted for 8 occupants, currently configured as a 6BR/3BA with 3 kitchens and leased as a single unit. Strong rent history: $49,800 for 2025/26 & 2026/27 with 2027/28 secured at $51,600. Oversized layout offers clear potential to increase bedroom count and boost returns. Detached garage converted into a fully insulated rec space, a standout amenity that consistently drives tenant demand. Private outdoor setting with patio and deck enhances appeal. Major capital improvements include new roof, HVAC, and tankless water heater. Shared laundry. Turnkey asset with future value-add potential.
Must have 24 notice for showings - tenant rights. Showings scheduled through College Property Management (office hours M-F 9-5) 513-523-6658
Must have 24 notice for showings - tenant rights. Showings scheduled through College Property Management (office hours M-F 9-5) 513-523-6658
Property Facts Under Contract
| Price | $567,600 | Building Class | C |
| Price Per Unit | $189,200 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 3,702 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1944 |
| Apartment Style | Single-Family Home |
| Price | $567,600 |
| Price Per Unit | $189,200 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,702 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1944 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $87,900 | |
| Land Assessment | $12,450 | Total Assessment | $100,350 |
Property Taxes
Parcel Numbers
Land Assessment
$12,450
Improvements Assessment
$87,900
Total Assessment
$100,350
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340 N Locust St
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