| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 47th | Fair |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10300 Cascade Xing, Cleveland, OH, 44144, US |
| Region / Metro | Cleveland |
| Year of Construction | 1999 |
| Units | 104 |
| Transaction Date | 2023-12-07 |
| Transaction Price | $4,110,000 |
| Buyer | CC BROOKLYN LLC |
| Seller | SRE ESA PROPCO BROOKLYN LLC |
10300 Cascade Xing Cleveland Multifamily Investment Outlook
Neighborhood occupancy is robust and measured for the surrounding area, supporting stable cash flow potential according to CRE market data from WDSuite. With newer 1999 construction relative to local stock, the asset can compete for tenants while leaving room for targeted modernization.
This inner-suburb location balances access and day-to-day convenience. Cafes and restaurants index well within the metro, while grocery options are present nearby; park and pharmacy counts are thinner within the neighborhood footprint. For investors, the amenity mix supports leasing while not fully relying on discretionary lifestyle draws.
Neighborhood occupancy is 98.1% (top decile nationally and above the metro median among 569 neighborhoods), indicating durable renter demand and limited near-term supply pressure, based on WDSuite’s CRE market data. Median contract rents in the area sit alongside a rent-to-income ratio around 0.17, suggesting manageable affordability pressures that can support retention and predictable lease management.
The property’s 1999 vintage is newer than the neighborhood’s average 1972 construction year, positioning it competitively versus older stock. That said, investors should plan for selective system updates and cosmetic refreshes to maintain relevance against renovated comparables.
Within a 3-mile radius, demographics show a largely stable population with modest recent softness but an increase in households projected alongside smaller average household sizes. This shift typically expands the renter pool and supports occupancy stability for well-managed multifamily properties. Renter-occupied housing within this radius accounts for roughly two-fifths of units, indicating a sizable tenant base without excessive dependence on rental turnover.
Home values in the neighborhood are lower relative to national benchmarks, which can introduce some competition from ownership. Even so, the observed rent-to-income dynamics and strong neighborhood occupancy suggest meaningful depth for multifamily demand and steady lease-up for appropriately positioned units.
Safety trends are mixed when viewed against both metro peers and national benchmarks. The neighborhood sits around the middle of the pack in the metro (ranked 303 out of 569), aligning near the national median overall. Recent trend data from WDSuite points to notable improvements, with estimated violent and property offense rates declining year over year, which is constructive for renter sentiment and renewal conversations.
At the same time, property crime remains elevated versus many U.S. neighborhoods (lower national percentile). Investors should incorporate practical measures—lighting, access control, and resident engagement—into asset plans to maintain leasing momentum while monitoring ongoing neighborhood trendlines.
Proximity to Downtown Cleveland corporate centers and several headquarters supports a stable renter base and commute convenience for residents, particularly for roles at Sherwin-Williams, KeyCorp, PNC, Airgas, and Texas Instruments.
- Sherwin-Williams — coatings & corporate HQ (6.01 miles) — HQ
- Airgas Merchant Gases — industrial gases office (6.17 miles)
- Keycorp — banking HQ (6.20 miles) — HQ
- PNC Center — financial services offices (6.31 miles)
- Texas Instruments — semiconductor offices (7.37 miles)
10300 Cascade Xing offers a combination of high neighborhood occupancy and competitive positioning versus older local inventory. According to CRE market data from WDSuite, area occupancy is strong compared with both metro and national baselines, which, together with a moderate rent-to-income profile, supports retention and underwriting discipline. The 1999 vintage enables the asset to capture demand from renters seeking updated buildings without competing directly with the newest Class A lease-up.
Within a 3-mile radius, forecasts indicate flat-to-slightly lower population alongside a meaningful increase in households and smaller household sizes, typically expanding the renter pool and supporting occupancy stability. Amenity access is serviceable, and proximity to multiple headquarters underpins weekday traffic and leasing depth, while selective modernization can further differentiate the property against aging comparables.
- High neighborhood occupancy supports stable collections and pricing power
- 1999 construction is newer than local average, with targeted value-add potential
- 3-mile household growth and smaller household sizes expand the renter base
- Employer proximity (HQs and downtown offices) supports demand and retention
- Risks: property-crime sensitivity and limited parks/pharmacies warrant active asset management