340 N Locust St - Apartments FOR SALE


Oxford, OH 45056
$567,600 USD
513-523-2181
340 N Locust St, Oxford, OH for Sale
$567,600 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

340 N Locust St
Oxford, OH 45056


HIGHLIGHTS

  • Turnkey student rental with tenants secured through 2027/2028 school year.
  • Great student rental located in the Mile Square - Miami University

OVERVIEW

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

FOR SALE DETAILS

PRICE

$567,600 USD

PRICE/SF

$153 USD /SF

# OF UNITS

3

PRICE/UNIT

$189,200

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,330 SF

ZONING

-

APN/PARCEL ID

H4100-008-000-002,H4100-008-000-005

ASK ABOUT THIS PROPERTY

Kelly UmbsteadColdwell Banker College Real EstateMore Info
513-523-2181

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Kelly UmbsteadColdwell Banker College Real EstateMore Info
513-523-2181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.