| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Best |
| Demographics | 81st | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1660 Seneca Blvd, Broadview Heights, OH, 44147, US |
| Region / Metro | Broadview Heights |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1660 Seneca Blvd Broadview Heights 24-Unit Multifamily
Neighborhood fundamentals point to durable renter demand and high occupancy stability, according to WDSuite's CRE market data for Broadview Heights and the Cleveland-Elyria metro.
Broadview Heights' inner-suburban location combines strong livability with investor-focused fundamentals. The neighborhood ranks 6th among 569 Cleveland-Elyria neighborhoods with an A+ rating, indicating competitive positioning within the metro. Neighborhood occupancy is at the top of the metro (ranked 1 out of 569), a signal of stable demand at the neighborhood level rather than a guarantee of property performance, based on WDSuite's data.
Local amenity density favors daily needs over leisure: restaurants and groceries benchmark above national averages, while cafes and pharmacies are thinner. Childcare and parks index well relative to peers, supporting family-friendly appeal. School rating data is not available in this dataset, so investors should underwrite education quality via third-party sources if it is central to the thesis.
Tenure patterns indicate a meaningful renter-occupied share in the neighborhood (around half), which supports depth of the tenant base and leasing continuity for multifamily assets. In the broader 3-mile radius, households have grown while average household size has declined, pointing to more but smaller households—a trend that can support steady absorption of rental units.
Home values reflect a high-cost ownership market versus national norms, which can sustain reliance on rental housing and support pricing power for well-positioned properties. Neighborhood rent-to-income levels appear manageable in aggregate, which can aid lease retention and limit turnover risk when combined with disciplined lease management and realistic renewal strategies grounded in commercial real estate analysis.
Safety indicators compare favorably against national norms, with the neighborhood landing in a higher national percentile for lower crime levels. Recent trends show notable year-over-year declines in both property and violent offenses, according to WDSuite's neighborhood dataset. While block-level variation always exists, the directional improvement supports a conservative assumption of stable operating conditions relative to many urban-adjacent areas.
Within the Cleveland-Elyria metro context, the neighborhood's crime standing is competitive among peer areas and aligns with its overall top-tier neighborhood ranking (6 out of 569). Investors should still apply standard safety due diligence (daypart visits, management feedback, incident trend review) to validate underwriting assumptions at the property level.
Proximity to a diverse set of employers supports commute convenience and helps anchor renter demand. Nearby employment nodes include industrial gases, rail operations, coatings manufacturing, retail distribution, and financial services.
- Airgas Merchant Gases — industrial gases (6.1 miles)
- Norfolk Southern Motor Yard — rail operations (9.1 miles)
- Sherwin-Williams — coatings manufacturing (12.5 miles) — HQ
- Home Depot Distribution Center — retail distribution (12.6 miles)
- PNC Center — financial services (12.7 miles)
This 24-unit asset benefits from a top-tier neighborhood profile within the Cleveland-Elyria metro, where WDSuite data shows neighborhood occupancy at the highest metro tier and NOI per unit performance benchmarks among the strongest locally. High home values relative to income in the area reinforce reliance on rental housing, supporting pricing power for well-operated communities without overextending rent-to-income levels.
Within a 3-mile radius, recent household growth alongside smaller average household size indicates a larger pool of households even as population growth moderates—an investor-relevant pattern that can support leasing velocity and occupancy stability. According to CRE market data from WDSuite, forward-looking rent levels in the area are set to rise from a modest base, suggesting room for disciplined rent management where unit quality and operations support it.
- Top-ranked neighborhood fundamentals in the metro support durable demand and occupancy stability
- High-cost ownership market reinforces renter reliance, aiding pricing power for competitive units
- 3-mile household growth and smaller household sizes expand the renter pool and support absorption
- Diverse nearby employers underpin commute convenience and leasing retention
- Risk: amenity gaps (limited cafes/pharmacies) and forecast population softening warrant conservative lease-up and renewal assumptions