| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 56th | Fair |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7085 W 130th St, Parma Heights, OH, 44130, US |
| Region / Metro | Parma Heights |
| Year of Construction | 1990 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7085 W 130th St Parma Heights Multifamily Investment
Neighborhood occupancy is reported at the top of the Cleveland–Elyria metro, supporting stable renter demand near 7085 W 130th St, according to WDSuite s CRE market data. With balanced rents relative to local incomes, the submarket signals steady leasing fundamentals rather than outsized volatility.
Positioned in an Inner Suburb setting of the Cleveland–Elyria metro, the area around 7085 W 130th St shows balanced fundamentals for multifamily investors. The neighborhood s occupancy is ranked first out of 569 neighborhoods, indicating metro-leading stability at the neighborhood level (not the property), which typically supports renewal rates and mitigates downtime risk. Median contract rents sit near the metro middle, and a rent-to-income profile around one-fifth suggests manageable affordability pressure that can aid retention.
Amenity access is mixed. Dining density is competitive among Cleveland–Elyria neighborhoods, with restaurants and cafes in the top quartile nationally, which supports daily convenience and neighborhood activation. However, immediate access to groceries, parks, and pharmacies is limited within the neighborhood footprint, implying residents may rely on short drives for essentials a planning consideration for marketing and tenant experience.
Vintage context matters: the average neighborhood construction year skews to the mid-1980s, while the property s 1990 vintage positions it slightly newer than much of the local stock. That typically improves competitive standing versus older assets, though systems modernization and common-area upgrades may still be prudent for positioning and capex planning.
Within a 3-mile radius, population has inched up with a modest increase in households and a smaller average household size, expanding the local tenant base over time. The renter-occupied share at the neighborhood level sits in the upper third of the metro, indicating a meaningful but not dominant renter concentration a signal of steady multifamily demand depth rather than pure renter reliance. Forward-looking data shows additional household growth and income gains, which, if realized, should support occupancy stability and incremental rent setting.
Safety indicators are mixed when compared across the Cleveland–Elyria metro and national benchmarks. Overall crime ranks below the metro median (368 out of 569), suggesting the neighborhood experiences more incidents than many metro peers. Nationally, property offenses track around the mid-to-better range (about the upper half of neighborhoods), and recent trends indicate a notable year-over-year improvement in property incidents. In contrast, violent offense levels sit below the national median for safety, and the most recent year shows an unfavorable uptick, underscoring the need for standard security measures and tenant communication.
For investors, the takeaway is to underwrite with typical suburban security protocols lighting, access controls, and partnerships with local public safety and to monitor trend lines rather than any single-year swing. These comparisons are neighborhood-level, not property-specific.
The surrounding employment base blends manufacturing, corporate services, and HQ nodes within a commutable radius, supporting workforce housing demand and lease stability. Nearby employers include Texas Instruments, Airgas Merchant Gases, TravelCenters of America, Sherwin-Williams, and KeyCorp.
- Texas Instruments semiconductors (6.7 miles)
- Airgas Merchant Gases industrial gases (7.5 miles)
- Travelcenters Of America travel centers & logistics (8.2 miles) HQ
- Sherwin-Williams coatings & corporate offices (9.9 miles) HQ
- Keycorp banking & corporate services (10.1 miles) HQ
This 112-unit, 1990-vintage asset benefits from metro-leading neighborhood occupancy and renter demand supported by a stable Inner Suburb location. Based on CRE market data from WDSuite, the neighborhood ranks first for occupancy among 569 metro neighborhoods, a signal that historically aligns with stronger renewal performance and limited downtime at the neighborhood level. Rents sit near the metro middle and the rent-to-income profile suggests manageable affordability pressure, which can aid retention even as operators pursue targeted rent optimization.
The property s slightly newer vintage than the local average improves competitive positioning against older stock, while still leaving room for selective value-add through unit updates and systems upgrades. Within a 3-mile radius, steady population and household growth and forecasts pointing to additional household expansion and income gains support a gradually expanding tenant base. Offsetting factors include limited walkable access to groceries and parks and safety metrics that are mixed, reinforcing the case for thoughtful amenities, security protocols, and prudent underwriting.
- Metro-leading neighborhood occupancy supports leasing stability and renewal performance (neighborhood-level metric).
- 1990 vintage offers competitive positioning versus older stock with targeted value-add potential.
- 3-mile radius shows growing households and rising incomes, expanding the local renter pool over time.
- Balanced rents relative to income support retention while allowing disciplined pricing strategies.
- Risks: limited nearby groceries/parks and mixed safety trends warrant standard security measures and conservative underwriting.