Northern View
For sale100 Meadow Trail Dr, Highland Heights, KY 41076
Market Bid118 units
Multifamily, Student Housing1992
Property type
Multifamily, Student Housing
Unit / Space count
118
Building size
132,080 sf
Year built
1992
Occupancy
95%
Number of buildings
17
Bedroom count
328
Property description
This offering represents the opportunity to acquire a student housing community in Highland Heights, Kentucky, directly across the street from Northern Kentucky University. Northern View is a 118-unit, 328-bed community with a mix of two- and three-bed units built in 1992. Northern View offers amenities to its residents including a social courtyard, cornhole court, picnic area, grills, pizza oven, fire pit, hammocks, movie theater, hiking trails, lounge, community kitchen, and coffee bar.
Property highlights
- The Only Purpose-Built Product in the MarketNorthern View is the only purpose-built, off-campus student housing in the Highland Heights market. On-campus housing is approximately $280/bed more expensive, preserving Northern View’s affordability advantage.
- $300,000 of Gross Rent Upside Through RenovationAn incoming investor could renovate units if desired. $1.46M of renovation capital could potentially generate approximately $300,000 of additional annual gross rent. That’s roughly 20% gross return on renovation cost before vacancy and incremental expenses and 10% increase in gross rental income. See Renovation Strategy section on page 34 for more details.
- Adjacent to Northern Kentucky UniversityNorthern View sits directly across the street from Northern Kentucky University’s campus. For AY 2025-26, NKU had a current total enrollment of 15,186 students.
- 9th Safest College Campus in the NationAccording to Academic Influence, NKU is the ninth safest college campus in the U.S.
- 10 Minutes to Downtown CincinnatiNorthern View is approximately 7 miles from downtown Cincinnati, offering close proximity to the broader Cincinnati employment and entertainment base.
- Strong Tenant AmenitiesNorthern View offers amenities to its residents including a social courtyard, cornhole court, picnic area with grills and a pizza oven, fire pit, hammock village, movie theater, hiking trails, clubhouse, resident lounge, and community kitchen with coffee bar.