| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Best |
| Demographics | 44th | Good |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15511 Summit Dr, East Liverpool, OH, 43920, US |
| Region / Metro | East Liverpool |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
15511 Summit Dr, East Liverpool Multifamily Opportunity
Neighborhood affordability and grocery access support renter demand, with occupancy around the area holding near the metro median according to WDSuite’s CRE market data. Forward household growth projections point to a broader tenant base that can help stabilize leasing over a full cycle.
Located in a rural pocket of the Salem, OH metro, the neighborhood rates as competitive among Salem neighborhoods (rank 13 of 51), indicating balanced fundamentals for small to mid-size multifamily. Renter demand is underpinned by a low rent-to-income ratio locally and median contract rents that sit on the lower end of the metro, supporting retention and pricing flexibility for workforce-oriented assets.
Daily-needs access is a relative strength: grocery store density ranks in the top quartile among 51 metro neighborhoods (rank 6), which helps day-to-day convenience for residents. Lifestyle amenities such as cafés, parks, childcare, and pharmacies are thinner in the immediate area (each ranked near the bottom of 51), which suggests residents rely more on regional draws and auto-based trips; investors should underwrite accordingly for parking and on-site utility.
Neighborhood occupancy is 90.2% with modest softening over five years, placing the area slightly below the metro median but still consistent with stable Class B/C leasing profiles. The neighborhood’s renter concentration is about one-quarter of housing units, indicating a measurable—though not deep—tenant base for smaller multifamily properties.
Within a 3-mile radius, demographics show a flat to slightly declining population recently but a small increase in households, which supports steady apartment demand. Projections through 2028 indicate population growth and a notable increase in households, implying a larger tenant base and potential support for gradual rent gains as units turn.
Safety trends are mixed but comparatively favorable on severe offenses: the neighborhood sits above the national median for overall safety (57th percentile nationally). Violent offense rates benchmark in the top quartile nationally (87th percentile) and improved year over year, while property offense measures also benchmark strong (75th percentile nationally) but showed recent volatility. Investors should consider standard security measures and lighting, with an eye on property-crime management.
Proximity to regional employers provides commute-friendly options that can support leasing, particularly for workforce renters. Key nearby employers include Dick’s Sporting Goods, Cardinal Health, PPG Industries, PNC Financial Services Group, and WESCO Distribution.
- Dick's Sporting Goods — retail HQ/corporate (20.2 miles) — HQ
- Cardinal Health — healthcare distribution (24.7 miles)
- PPG Industries — coatings & materials (34.4 miles) — HQ
- PNC Financial Services Group — banking (34.5 miles) — HQ
- WESCO Distribution — electrical distribution (34.6 miles)
This 48-unit property benefits from a market context where neighborhood rents are comparatively low relative to incomes, reinforcing retention and supporting steady occupancy for value-focused product. Neighborhood occupancy of 90.2% and grocery access in the top quartile of the metro suggest stable day-to-day living fundamentals even as amenity density remains modest. According to CRE market data from WDSuite, severe crime benchmarks favorably on a national basis, which supports leasing confidence when combined with prudent on-site property management.
Forward-looking 3-mile projections indicate population growth and a sizable increase in households by 2028, pointing to an expanding renter pool and potential for measured rent growth as units turn. Investors should underwrite to rural location dynamics—auto-reliance and thinner lifestyle amenities—while leveraging affordability and proximity to regional employers for consistent tenant demand.
- Neighborhood rents low versus incomes support retention and pricing flexibility
- Occupancy near metro median with grocery access in top quartile of Salem neighborhoods
- 3-mile outlook shows population and household growth, expanding the tenant base
- Nationally favorable violent-crime benchmarks bolster leasing confidence with standard security practices
- Risks: rural amenity depth, recent volatility in property offenses, and reliance on auto-based access