Student Housing Duplex with Two
For Sale
Contact for pricing
318 E Vine Street, Oxford, OH 45056
Two fully leased units serve the Miami University student market.
Property Size4,180 SF
Price / SF$305.02
Days on Market135
Property Features for 318 E Vine Street
General Information
Standard status
Active
Size
4,180 SF
Property subtype
Multifamily
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Building Details
Year Built
1929
Listing Agency:
CENTURY 21 Thacker & Associates, Inc.
(513) 524-2221
Listed By:
Brian Clark · License #OH 2018001276
Source:
Crexi
Added: Apr 20
Changed: Aug 31
Last Checked: Aug 31 at 11:57PM
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 318 E Vine Street contains 4,180 square feet and was built in 1929. The property is configured as two four-bedroom residences, creating a straightforward two-unit rental layout.
Both units are leased for the 2026/27 school year and have established appeal among Miami University students. The property offers access to the university campus and High St, placing the duplex within the Mile Square area of Oxford.
Both units are leased for the 2026/27 school year and have established appeal among Miami University students. The property offers access to the university campus and High St, placing the duplex within the Mile Square area of Oxford.
Key Highlights
- Two 4‑bedroom units within a duplex configuration
- Both residences are fully leased for the 2026/27 school year
- 4,180 square feet of total property size
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
$40,765
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
3.20%
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%
$815,300
$815.3K
Cap Rate 7%
$582,357
$582.4K
Cap Rate 9%
$452,944
$452.9K
Market Conditions
NOI Build-Up for 4,180 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
$62.7K $15.00/SF
− Vacancy
−$4.5K −$1.07/SF
EGI
$58.2K $13.93/SF
− OpEx
−$17.5K −$4.18/SF
NOI
$40.8K $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%
$815,300
Cap Rate 7%
$582,357
Cap Rate 9%
$452,944
Alternative Uses
Best Use
Multifamily LT 5
$582.4K
$509.6K – $679.4K
NOI $40,765 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$535.9K
$468.9K – $625.2K
NOI $37,513 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$826.5K
$723.2K – $964.2K
NOI $57,853 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
897
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 - Two fully leased units serve the Miami University student market.
Where is this duplex located?
The property is located at 318 E Vine Street Oxford, OH.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two 4‑bedroom units within a duplex configuration; Both residences are fully leased for the 2026/27 school year; 4,180 square feet of total property size
