| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 60th | Good |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 25920 Elm St, Olmsted Falls, OH, 44138, US |
| Region / Metro | Olmsted Falls |
| Year of Construction | 2000 |
| Units | 37 |
| Transaction Date | 2016-09-29 |
| Transaction Price | $5,800,000 |
| Buyer | Village of the Falls Rental |
| Seller | Pekkola Enterprises, LLC |
25920 Elm St, Olmsted Falls Multifamily Investment
Suburban Olmsted Falls shows above-median neighborhood occupancy and stable renter demand, according to WDSuite’s CRE market data. The property’s 37 units provide scale in a low-supply pocket where parks access is strong and daily conveniences are nearby.
Olmsted Falls is a suburban neighborhood within the Cleveland–Elyria metro, offering a quieter setting with solid daily-needs access. Neighborhood parks density ranks in the top quartile nationally, while grocery availability trends above many peer areas; cafes and pharmacies are thinner, which is typical for low-density suburbs. For investors, this mix supports family-oriented tenancy and longer stays, even if lifestyle retail is less concentrated than urban cores.
Based on CRE market data from WDSuite, the neighborhood’s occupancy is above the metro median and its average NOI per unit is competitive in the top decile among 569 metro neighborhoods—signals of resilient operations at the neighborhood level rather than at this specific property. Rents in the area benchmark in the top quartile nationally, reflecting demand for well-maintained product and reinforcing pricing power when paired with consistent renewal trends.
Within a 3-mile radius, population has inched upward and households are projected to expand further, pointing to a gradually larger tenant base over time. Median household incomes are comparatively strong, which can support rent growth, while the renter-occupied share sits closer to one in four households—adequate depth for leasing but still characteristic of an owner-leaning suburb.
Home values are moderate relative to income levels in this part of the metro. That ownership context can create some competition with entry-level buying, but it also helps retain households that value rental flexibility, supporting occupancy stability and measured rent increases in professionally managed assets.
Neighborhood-level safety indicators sit around the Cleveland–Elyria metro middle when compared against 569 neighborhoods, with overall crime metrics landing near national midrange. Property offense rates have trended down over the past year, which is a constructive directional signal, while violent offense measures track closer to national averages.
For investors, the takeaway is a suburban micro-market that compares competitively to many metro peers and shows recent improvement in property-related incidents. As always, underwriting should focus on property-specific measures (lighting, access control, and resident screening) rather than block-level assumptions.
Proximity to diversified employers supports commuter convenience and leasing stability, with nearby roles spanning semiconductors, transportation services, industrial gases, coatings, and banking. The following anchors illustrate the employment base accessible from the property.
- Texas Instruments — semiconductors (2.7 miles)
- Travelcenters Of America — transportation services (5.5 miles) — HQ
- Airgas Merchant Gases — industrial gases (13.8 miles)
- Sherwin-Williams — coatings & corporate offices (13.9 miles) — HQ
- KeyCorp — banking (14.0 miles) — HQ
Built in 2000, the asset is newer than much of the local stock, providing competitive positioning versus 1970s-vintage properties while leaving room for targeted modernization to capture further rent premiums. Neighborhood-level fundamentals—above-median occupancy and top-decile average NOI per unit among 569 metro neighborhoods—suggest stable operations at the area level, according to CRE market data from WDSuite.
Within a 3-mile radius, incremental population growth and a projected increase in households point to a gradually expanding renter pool. The area’s owner-leaning tenure and accessible ownership costs can create competition for renters at the margin, but higher household incomes and steady neighborhood demand support retention and measured rent growth for well-managed, late-1990s/2000s assets.
- 2000 vintage offers a competitive edge versus older local stock, with selective upgrades providing value-add potential.
- Neighborhood shows above-median occupancy and top-decile NOI per unit among 569 metro neighborhoods, supporting operational stability.
- 3-mile demographics indicate population and household growth, reinforcing a gradually expanding tenant base.
- Proximity to diversified employers underpins leasing, particularly for workforce and professional tenants.
- Risk: Owner-leaning tenure and accessible ownership costs may compete with rentals; underwriting should emphasize unit finishes and management quality to sustain pricing.