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340 N Locust St 3 Unit Apartment Building Offered at $875,379 CAD 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
| Price | $875,379 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $291,793 CAD | Building Size | 3,702 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1944 |
| Price | $875,379 CAD |
| Price Per Unit | $291,793 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| 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
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340 N Locust St
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