27-29 N Sycamore St
- 7-unit scattered-site multifamily portfolio across Lebanon and Hamilton, Ohio
- 8,600 total SF with large unit profiles averaging 1,229 SF
- Consistent 2-bedroom-heavy unit mix appealing to a broad renter base
- Current average rent of $1,177 with select units already achieving stronger rents
- Proven rent upside within the portfolio, including $1,600 at Yale, $1,333 at Sycamore, and $1,150 at Ross
- Manageable value-add business plan focused on management, selective turns, occupancy stabilization, and rent alignment
- Historic Downtown Lebanon exposure at 27 & 29 N Sycamore
- Residential-style Lebanon units with garage/driveway appeal at 490 Yale
- Hamilton/Rossville corridor exposure at 659 Ross
- Long-term hold profile supported by multiple southwest Ohio rental demand drivers
Property Description
The Lebanon + Hamilton Portfolio is a 7-unit scattered-site multifamily offering totaling 8,600 SF across three southwest Ohio assets. The portfolio is best framed as a manageable value-add hold with in-place income, large unit profiles, and a clear rent-to-market story. Current average rent is $1,177, while select units are already proving stronger rents within the portfolio, including $1,600 at Yale, $1,333 at Sycamore, and $1,150 at Ross. The business plan is straightforward: restore occupancy, improve management, complete selective turns as units naturally roll, and gradually move under-market rents closer to proven portfolio levels. Rent variance across the portfolio creates a clear path for NOI growth through natural lease rollover and rent alignment.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $810,000 |
| No. of Units: | 7 |
| Opportunity Zone: | No |
| Price per unit: | $115,714 |
| Property Website | Click Here |
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