| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 48th | Fair |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6128 Stumph Rd, Cleveland, OH, 44130, US |
| Region / Metro | Cleveland |
| Year of Construction | 1989 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6128 Stumph Rd Cleveland Investment Property Analysis
Neighborhood data points to steady renter demand and above-average occupancy stability for the area, according to WDSuite’s CRE market data. The focus here is a renter-oriented inner suburb where lease retention can benefit from practical amenities and balanced pricing.
This inner-suburb location in the Cleveland–Elyria metro scores competitively among 569 metro neighborhoods (ranked 145 of 569), signaling a balanced mix of demand drivers and day-to-day convenience for renters. Neighborhood occupancy is above national norms, and the area’s renter-occupied share is elevated relative to many suburbs, supporting a deeper tenant base and potential lease stability.
Amenities skew toward essentials that matter for daily living: grocery and pharmacy access track above national medians, while restaurants are reasonably represented. Parks and cafes are thinner locally, which can modestly temper lifestyle appeal but does not materially detract from workforce-oriented demand dynamics. Average school ratings sit slightly above national median levels, a neutral-to-positive signal for broader household appeal.
Rents in the neighborhood benchmark near the national middle while the rent-to-income ratio is comparatively moderate, which can support retention and reduce turnover risk. Median home values are on the lower end nationally, implying that ownership may be more accessible than in high-cost markets; investors should consider this as potential competition to rentals and position amenities and unit finishes accordingly to maintain pricing power.
Demographic statistics are aggregated within a 3-mile radius. Population and households are projected to increase modestly over the next five years, with household counts rising and average household size trending smaller—factors that can expand the renter pool and support occupancy. Notably, the immediate neighborhood shows a higher renter-occupied share than the broader 3-mile area, underscoring multifamily demand concentrated near the asset.
Safety indicators are mixed and should be contextualized carefully. Relative to 569 neighborhoods in the Cleveland–Elyria metro, the neighborhood’s crime positioning is below the metro median, and national percentiles indicate conditions that are weaker than the U.S. average. Investors should underwrite to conservative assumptions and consider on-site measures and well-lit common areas to support resident confidence.
Recent trends offer a constructive signal: property offenses have declined meaningfully year over year, placing the area among stronger improvers nationally. Even so, violent-offense comparisons trail national norms, so operators may want to emphasize security practices and community engagement as part of their management plan.
Proximity to established employers supports commuter convenience and a durable renter base, led by industrial, technology, retail services, coatings, and financial headquarters within a 6–9 mile radius.
- Airgas Merchant Gases — industrial gases (6.6 miles)
- Texas Instruments — semiconductors (6.8 miles)
- TravelCenters of America — travel center operations (7.6 miles) — HQ
- Sherwin-Williams — coatings and manufacturing (8.0 miles) — HQ
- KeyCorp — banking (8.2 miles) — HQ
The neighborhood exhibits above-average occupancy and a higher renter concentration than many suburbs, a constructive setup for multifamily operations. Essentials-focused amenities (groceries, pharmacies) rank favorably versus national medians, aligning with workforce-oriented demand. Meanwhile, rent levels sit near national midpoints and rent-to-income indicators are comparatively moderate, which can help sustain retention and mitigate turnover volatility. According to CRE market data from WDSuite, the broader area’s household counts are projected to rise as average household size trends lower, supporting a gradual expansion of the renter pool.
Counterbalancing factors include relatively accessible homeownership in the market context—requiring careful unit positioning and amenity strategy—and safety metrics that lag national norms, even as property crime trends show improvement. Overall, the submarket’s commuter access to diverse employers, renter orientation, and balanced pricing underpin an investment case focused on stable operations with selective upgrades.
- Above-average neighborhood occupancy and elevated renter-occupied share support a deeper tenant base
- Essentials-heavy amenity mix (groceries, pharmacies) and restaurants bolster day-to-day livability
- Moderate rent-to-income dynamics and near-median rents favor retention and pricing resilience
- Household growth within 3 miles and smaller average household size expand the renter pool over time
- Risks: ownership alternatives can compete on cost; safety metrics trail national norms despite improving property crime trends