| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 24th | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9380 Saint Clair Ave, Cleveland, OH, 44108, US |
| Region / Metro | Cleveland |
| Year of Construction | 2000 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9380 Saint Clair Ave Cleveland Multifamily Investment
Newer stock for the area offers operational advantages versus older neighborhood inventory, with demand supported by strong local amenities and commuter access, according to WDSuite’s CRE market data. Neighborhood occupancy refers to the surrounding area, not this property, and points to focused leasing execution as a key driver of returns.
The property s Inner Suburb location in Cleveland combines daily convenience with a deep amenity base. Parks are a standout strength, with neighborhood park access ranking in the top quartile nationally, and food/health essentials are well represented given grocery and pharmacy density also testing well above national norms. Caf e9 and restaurant options contribute to renter livability, supporting leasing appeal for workforce households.
Compared with the broader Cleveland Elyria metro (569 neighborhoods), the area posts a neighborhood rating of B and is competitive on amenities but trails on occupancy and income metrics. Neighborhood occupancy is measured for the neighborhood, not the property, and sits below national averages; investors should plan for hands-on leasing and renewals to maintain stability. Median rents remain relatively accessible in this submarket, which can aid absorption but may temper near-term pricing power.
Vintage matters: with a 2000 construction year, the asset is materially newer than the neighborhood s predominantly early-20th-century housing stock. That helps competitive positioning against older properties while still leaving room for selective modernization of interiors and building systems to drive rent premiums and retention.
Within a 3-mile radius, demographics indicate a large renter pool and a renter-occupied share that exceeds owner-occupied units, reinforcing depth for multifamily demand. Recent years show smaller household sizes and shifting age mix; forward-looking projections in WDSuite point to household growth in the radius, which can support occupancy stability and incremental rent steps as product is refreshed.
Safety trends should be weighed with care. The neighborhood compares below national safety averages, but year-over-year movement has been favorable with double-digit declines in both violent and property offense rates, according to CRE market data from WDSuite. These figures describe the neighborhood context, not this property or a specific block, and conditions can vary street to street.
Relative to the Cleveland Elyria metro which includes 569 neighborhoods the area is not among the top-performing safety cohorts. Operators commonly mitigate risk through lighting, access controls, and resident screening, and by aligning marketing with amenity and transit advantages to bolster retention.
Proximity to major employers underpins workforce demand and commute convenience for renters, notably across telecommunications, banking, and corporate headquarters including KeyCorp, Sherwin Williams, and Parker Hannifin.
- Time Warner Cable Payment Center telecommunications (2.9 miles)
- PNC Center banking offices (4.2 miles)
- Keycorp financial services (4.4 miles) HQ
- Sherwin Williams coatings & corporate offices (4.6 miles) HQ
- Parker Hannifin industrial & corporate offices (8.6 miles) HQ
9380 Saint Clair Ave offers 33 units built in 2000 with efficient average layouts around the 600 sq ft range. The asset competes against older neighborhood stock, leveraging strong park, grocery, and pharmacy access to support leasing momentum. Neighborhood occupancy is measured for the surrounding area and is below national norms, so the thesis centers on hands-on operations, value-add upgrades, and capturing demand from a sizable renter base within a 3-mile radius. According to commercial real estate analysis from WDSuite, the area s amenity depth offsets some pricing constraints and supports steady tenant interest.
Given the 2000 vintage, capital planning can prioritize targeted unit updates and system tune-ups rather than heavy repositioning. Homeownership remains relatively accessible locally, which can limit outsized rent growth, but it also encourages renters to stay with well-managed, well-maintained options that deliver quality and convenience. Projected household growth and a stable renter concentration in the 3-mile radius point to a durable tenant pipeline for a refreshed, competitively priced product.
- Newer-than-area vintage (2000) with value-add modernization upside
- Strong neighborhood amenities (parks, groceries, pharmacies) support leasing and retention
- Large renter pool within 3 miles underpins demand and occupancy stability
- Operations-focused upside: below-average neighborhood occupancy (neighborhood metric) can be offset by active leasing and renewals
- Risks: below-median safety metrics and accessible ownership options may constrain aggressive rent lifts