| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 57th | Good |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 131 N Kimberly Ave, Youngstown, OH, 44515, US |
| Region / Metro | Youngstown |
| Year of Construction | 1981 |
| Units | 86 |
| Transaction Date | 2002-01-30 |
| Transaction Price | $842,000 |
| Buyer | ROSE SPRING INC |
| Seller | SPRINGWOOD APTS ASSOC |
131 N Kimberly Ave Youngstown Value-Add Multifamily
Neighborhood occupancy is above the national median, according to WDSuite’s CRE market data, suggesting stable renter demand around this asset. The 1981 vintage points to potential renovation upside while maintaining operational continuity.
Positioned in the Youngstown-Warren-Boardman metro, the surrounding neighborhood is rated A and ranks within the top quartile among 222 metro neighborhoods, signaling durable location fundamentals for multifamily. Restaurants and everyday amenities are reasonably accessible for a low-density area, with dining and cafes comparing favorably versus national norms, while childcare and pharmacy options are thinner and may require short drives.
Rents in the neighborhood sit on the more accessible end compared with national levels, and the rent-to-income profile trends better than the U.S. median, which can support retention and occupancy stability. Home values are comparatively lower than many markets, which can introduce some competition from ownership paths; operators may lean on convenience, professional management, and product quality to sustain pricing power and lease-up velocity.
Within a 3-mile radius, demographic data indicate population and household growth over the last five years, with additional increases projected by 2028, pointing to a gradually expanding tenant base. The renter-occupied share of housing units in this 3-mile area is roughly one-third, providing a meaningful pool of prospective residents and supporting demand for professionally managed apartments.
The property’s 1981 construction predates the neighborhood’s average vintage, suggesting investors should plan for targeted capital improvements and value-add upgrades that can sharpen competitive positioning against relatively newer stock.
Safety indicators for the neighborhood track below the national median but sit around the middle of the pack within the Youngstown-Warren-Boardman metro. Recent year-over-year estimates point to an uptick in both property and violent offenses; investors should monitor trends and incorporate practical measures such as lighting, access controls, and resident engagement to support on-site conditions.
As always, safety can vary by block and over time. Comparing multiple data points and observing conditions at different times of day can help align operating plans with resident expectations.
Proximity to rail operations, manufacturing, energy utilities, and distribution provides a broad employment base that can support leasing and retention for workforce-oriented apartments. The list below highlights nearby employers across transportation, tire manufacturing, insurance, energy, and logistics.
- Norfolk Southern — rail operations (6.8 miles)
- Goodyear Tire & Rubber — tire manufacturing (37.7 miles) — HQ
- Erie Insurance Group — insurance (39.7 miles)
- FirstEnergy — energy utility (39.8 miles) — HQ
- Home Depot Distribution Center — logistics/distribution (41.6 miles)
This 1981, 86-unit community offers a practical value-add path in a neighborhood that ranks in the top quartile among 222 metro peers and posts occupancy above the national median. Based on CRE market data from WDSuite, local rent levels and rent-to-income dynamics support retention, while a growing 3-mile population and household base points to a larger tenant pool over the medium term.
The older vintage relative to neighborhood averages suggests targeted capital planning—interior upgrades, curb appeal, and system modernization—to enhance competitive standing against newer stock. With ownership costs comparatively accessible in the area, operators should emphasize professional management, convenience, and refreshed finishes to sustain leasing velocity and mitigate competition from entry-level ownership.
- Top-quartile neighborhood position in the metro, supporting long-run demand fundamentals
- Occupancy and rent-to-income profile conducive to lease retention and stable cash flow
- 1981 vintage provides clear value-add and modernization levers
- Watchpoints: below-national-median safety trends and potential competition from accessible ownership options