Duplex Student
For Sale
Contact for pricing
108 W Vine Street, Oxford, OH 45056
Lease coverage extends through May 2027 near Uptown, Miami, the Business School, and local sports complexes.
Property Size2,352 SF
Price / SF$271.05
Days on Market158
Property Features for 108 W Vine Street
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Multifamily, Land
Building Details
Year Built
1909
Listing Agency:
CENTURY 21 Thacker & Associates Inc
Listed By:
Missy Friede · License #OH
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 5:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Thacker & Associates Inc
Investment Insights
Based on property information with market context.
This duplex at 108 W Vine Street contains 2,352 square feet and was built in 1909. It is positioned as a student-oriented rental property and is described as maintained for recurring occupancy between school years.
The property is within a 15-minute walk of Uptown, Miami, the Business School, and sports complexes. Existing lease coverage extends through May 2027, providing a defined rental period for the next two school years.
The property is within a 15-minute walk of Uptown, Miami, the Business School, and sports complexes. Existing lease coverage extends through May 2027, providing a defined rental period for the next two school years.
Key Highlights
- 2,352‑square‑foot duplex
- Built in 1909
- Student‑oriented rental property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,938
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,760
$458.8K
Cap Rate 7%
$327,686
$327.7K
Cap Rate 9%
$254,867
$254.9K
Market Conditions
NOI Build-Up for 2,352 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.3K $15.00/SF
− Vacancy
−$2.5K −$1.07/SF
EGI
$32.8K $13.93/SF
− OpEx
−$9.8K −$4.18/SF
NOI
$22.9K $9.75/SF
Area
Butler County, OH
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,760
Cap Rate 7%
$327,686
Cap Rate 9%
$254,867
Alternative Uses
Best Use
Multifamily LT 5
$327.7K
$286.7K – $382.3K
NOI $22,938 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$301.5K
$263.9K – $351.8K
NOI $21,108 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$465.0K
$406.9K – $542.6K
NOI $32,553 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 45056, OH
28,892
Population
9,702
Households
3
Avg Household Size
25
Median Age
54%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
387
Density / Sq Mi
$53,413
Median Household Income
$9,944
Median Earnings
$1,004
Median Rent
$247,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Lease coverage extends through May 2027 near Uptown, Miami, the Business School, and local sports complexes.
Where is this duplex located?
The property is located at 108 W Vine Street Oxford, OH.
What is the asking price?
The asking price for this property is $637,500.
What are key features of this property?
This property features: 2,352‑square‑foot duplex; Built in 1909; Student‑oriented rental property
