| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 24th | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7829 Euclid Ave, Cleveland, OH, 44103, US |
| Region / Metro | Cleveland |
| Year of Construction | 1981 |
| Units | 101 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7829 Euclid Ave, Cleveland OH Multifamily Investment
Neighborhood renter demand and daily-needs access support a stable tenant base, according to WDSuite s CRE market data. Focus is on workforce housing dynamics with proximity to major employers and services.
This Inner Suburb location offers everyday convenience: neighborhood amenities rank competitive among the 569 Cleveland Elyria neighborhoods, with stronger access to grocery stores, pharmacies, and parks than many peers (above national averages), though caf e9 density is limited. School ratings in the area trend lower, which investors should factor into positioning and marketing.
Rents in the immediate neighborhood skew on the more accessible side relative to national benchmarks, supporting depth for value-oriented product. The share of housing units that are renter-occupied is high at the neighborhood level, signaling a broad tenant pool and contributing to leasing resilience rather than reliance on owner demand.
Within a 3-mile radius, demographics point to a sizable workforce renter base today and a projected expansion in households by 2028, which can translate into a larger tenant pool and support occupancy stability. Median household incomes are projected to rise over the same horizon, while contract rents are also forecast to climb, suggesting room for disciplined rent management as lease terms roll.
The property s 1981 vintage is newer than much of the surrounding housing stock, which often dates to the early 20th century. That relative youth can be a competitive advantage versus older assets nearby, while still leaving room for targeted modernization and common-area upgrades to enhance positioning.
Neighborhood safety indicators sit below the metro median when compared against 569 Cleveland Elyria neighborhoods and are weaker than national averages. Even so, recent trends show improvement: estimated violent and property offense rates declined year over year, indicating conditions have been moving in a constructive direction based on CRE market data from WDSuite.
For underwriting, investors typically account for added security, lighting, access control, and community engagement measures in areas where safety metrics lag regional and national benchmarks. Monitoring trajectory matters: continued declines could support perception gains, but present levels remain elevated versus many U.S. neighborhoods.
The location is within a short commute of major employers that anchor Cleveland s office and corporate ecosystem, supporting workforce housing demand and resident retention. Notable nearby employers include Time Warner Cable, PNC, KeyCorp, Sherwin-Williams, and Parker-Hannifin.
- Time Warner Cable Payment Center corporate offices (2.1 miles)
- PNC Center corporate offices (2.9 miles)
- Keycorp corporate offices (3.1 miles) HQ
- Sherwin-Williams corporate offices (3.1 miles) HQ
- Parker-Hannifin corporate offices (9.0 miles) HQ
7829 Euclid Ave brings a 101-unit, 1981-vintage asset to a renter-heavy pocket of Cleveland with strong access to daily-needs retail and major employment nodes. The building s relative youth versus much of the surrounding housing stock positions it well for targeted value-add, while the broader 3-mile area is projected to see household growth through 2028, supporting a larger tenant base and leasing continuity. According to CRE market data from WDSuite, neighborhood rents sit at the more accessible end of the spectrum, which can help sustain occupancy and reduce lease-up friction for workforce product.
Key underwriting considerations include below-median neighborhood safety metrics and metro-relative occupancy softness nearby, both of which argue for prudent security investments and conservative traffic-to-lease assumptions. Balanced against this are proximity to anchor employers, high renter-occupied shares in the surrounding area, and improving crime trends, suggesting the submarket offers durable workforce demand with scope for operational upside.
- Workforce renter base and daily-needs access support steady leasing
- 1981 vintage offers value-add and modernization pathways versus older stock
- Proximity to major employers underpins demand and resident retention
- Forecast household growth within 3 miles expands the tenant pool by 2028
- Risks: below-median safety and softer nearby occupancy warrant conservative underwriting