| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 34th | Poor |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 114 Gluck St, Youngstown, OH, 44505, US |
| Region / Metro | Youngstown |
| Year of Construction | 1977 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
114 Gluck St, Youngstown OH – 100-Unit Multifamily Thesis
Neighborhood occupancy is holding in the low-90s and renter concentration is elevated, signaling a durable tenant base and income stability according to WDSuite’s CRE market data, with affordability management remaining a key lever for performance.
The property sits in Youngstown’s inner-suburb fabric with a B neighborhood rating. At rank 91 out of 222 metro neighborhoods, the area performs above the metro median, suggesting competitive livability and stable multifamily fundamentals relative to local peers.
Occupancy in the surrounding neighborhood is reported around 92%, and the area has a majority share of renter-occupied housing units. For investors, that indicates depth in the tenant pool and support for steady leasing, though rent-to-income levels point to careful pricing and renewal management. Median home values in the area are lower than many U.S. markets, yet ownership costs relative to local incomes are elevated, which can sustain reliance on rental housing and support retention.
Within a 3-mile radius, demographics show population contraction over the last five years alongside smaller household sizes; projections suggest further shifts toward smaller households with incomes trending higher, which can mean a larger proportion of income-qualified renters and demand for practical unit types. These dynamics support occupancy stability while reinforcing the importance of affordability oversight to manage turnover risk.
Amenity access is mixed: grocery options track around the national middle, while restaurants are near national averages; parks, pharmacies, and cafes are comparatively sparse. For a 1977 vintage asset in a metro where much of the housing stock skews older, the property can compete well against legacy inventory, though investors should anticipate periodic systems modernization or common-area upgrades to defend positioning.
Safety indicators are mixed but improving in important ways. Neighborhood violent-offense measures sit in the top decile nationally for safety, and year-over-year violent incidents have trended down materially. Property-offense levels compare favorably to many U.S. neighborhoods (upper-quartile nationally), though the most recent annual change ticked upward, underscoring the need for routine security and lighting best practices.
Compared with other areas in the Youngstown–Warren–Boardman metro (222 neighborhoods total), local conditions can vary by corridor. Investors should evaluate onsite controls (access, lighting, cameras) and insurer requirements as part of due diligence while recognizing that national comparatives are broadly supportive.
Regional employment access is anchored by transportation, healthcare, logistics, and retail distribution nodes, providing a base for workforce renters and commute convenience. Notable nearby employers include Norfolk Southern, Cardinal Health, and Dick's Sporting Goods.
- Norfolk Southern — rail & logistics offices (15.1 miles)
- Cardinal Health — healthcare distribution (38.5 miles)
- Dick's Sporting Goods — corporate offices (43.8 miles) — HQ
114 Gluck St offers scale at 100 units with neighborhood occupancy around the low-90s and a renter-heavy housing mix that supports leasing continuity. The 1977 construction is newer than much of the area’s stock, providing competitive positioning against older assets while leaving room for targeted value-add through systems updates and common-area enhancements. According to CRE market data from WDSuite, local ownership costs relative to income are high even with comparatively modest home values, a combination that can reinforce renter reliance on multifamily housing.
Within a 3-mile radius, recent population softness and shrinking household sizes point to demand for practical unit mixes and affordability-minded operations; rising incomes and steady neighborhood occupancy help balance retention and rent collections. Amenity coverage is serviceable for groceries and dining but thinner for parks and pharmacies, making onsite offerings and management execution meaningful differentiators.
- Neighborhood occupancy near the low-90s supports income stability
- 1977 vintage competes well versus older local stock, with value-add potential via modernization
- Elevated ownership costs relative to income reinforce multifamily renter demand
- Demographic shifts toward smaller households favor efficient unit mixes and lease-up resilience
- Risks: affordability pressure (rent-to-income), lighter amenity coverage, and property-crime variability warrant active management