Lebanon + Hamilton 7-Unit Scattered-Site Portfolio

27-29 N Sycamore St, Lebanon, OH 45036

Property Information

  • For Sale $900,000
  • Property Type Multi-Family
  • Property Size 8,600 SF
  • Units 7
  • Date Updated May 27, 2026

Description

The Lebanon + Hamilton Portfolio gives investors exposure to two established southwest Ohio rental markets within the greater Cincinnati region. The Lebanon assets sit in Warren County near Historic Downtown Lebanon, while 659 Ross provides Hamilton/Butler County exposure 24 miles away, or a 30-minute drive from the Lebanon properties.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 $1,094, 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: preserve 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.

Highlights

  • 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 $1,094 with select units already achieving stronger rents
  • Hamilton/Rossville corridor exposure at 659 Ross
  • Historic Downtown Lebanon exposure at 27 & 29 N Sycamore
  • Long-term hold profile supported by multiple southwest Ohio rental demand drivers
  • Manageable value-add business plan focused on management, selective turns, occupancy stabilization, and rent alignment
  • Proven rent upside within the portfolio, including $1,600 at Yale, $1,333 at Sycamore, and $1,150 at Ross
  • Residential-style Lebanon units with garage/driveway appeal at 490 Yale

Contacts

Drew Collins

Verti Commercial Real Estate

Location

Contact Listing Broker
Drew Collins

Verti Commercial Real Estate

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