| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 62nd | Best |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1675 W Western Reserve Rd, Youngstown, OH, 44514, US |
| Region / Metro | Youngstown |
| Year of Construction | 2007 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1675 W Western Reserve Rd Youngstown Multifamily Investment
Neighborhood occupancy is strong and comparatively stable for the area, supporting leasing durability according to WDSuite’s CRE market data. With an A-rated, competitively ranked neighborhood within the Youngstown-Warren-Boardman metro, the asset benefits from steady renter demand dynamics while remaining operationally straightforward.
The property sits in an A-rated neighborhood that is competitive among Youngstown-Warren-Boardman neighborhoods (ranked 34 out of 222), signaling durable fundamentals and investor-friendly stability at the sub-neighborhood scale. Neighborhood occupancy is high and sits in the top quartile nationally, which supports income consistency and lowers downtime risk at turnover. Note that these occupancy metrics reflect the neighborhood, not the property itself.
Livability is more suburban-rural, with limited café, park, and pharmacy density nearby, while grocery access is closer to metro averages. This lower amenity intensity points to a more car-oriented resident base and suggests that on-site conveniences and efficient maintenance can be differentiators for retention. Contract rents at the neighborhood level trend around mid-market nationally, indicating room for disciplined revenue management rather than outsized rent spikes.
Demographics within a 3-mile radius show a stable to expanding tenant base: population and household counts have increased recently and are projected to continue growing through the current forecast window. Rising median incomes and a renter share near one-third in this radius support demand depth for multifamily product and help stabilize occupancy through cycles.
Ownership costs in the neighborhood track near national midpoints, and the rent-to-income profile indicates manageable affordability pressure for renters. For investors, this combination typically supports lease retention while still allowing thoughtful pricing moves over time. The 2007 construction vintage is newer than the neighborhood average (1991), offering competitive positioning versus older stock, while still warranting planning for mid-life system updates or targeted value-add.
Safety indicators compare favorably at the national level, with both violent and property offense measures landing in higher national percentiles (safer than many neighborhoods nationwide). Recent year-over-year estimates also point to declining offense rates. These are neighborhood-level measures and should be used as directional context for risk management and leasing strategy rather than block-level assurances.
Proximity to regional employers supports commuting convenience and a diversified renter pool, anchored by transportation, healthcare, insurance, retail, and industrial brands noted below.
- Norfolk Southern — transportation & logistics (15.2 miles)
- Cardinal Health — healthcare distribution (37.1 miles)
- Dick's Sporting Goods — retail corporate offices (39.6 miles) — HQ
- Erie Insurance Group — insurance (40.7 miles)
- Goodyear Tire & Rubber — manufacturing corporate offices (41.9 miles) — HQ
Built in 2007 with 72 units, the asset competes well against older neighborhood inventory while leaving room for targeted modernization to enhance rentability. Neighborhood indicators show top-quartile occupancy nationally and an A-level ranking within the metro, supporting income stability and predictable leasing according to CRE market data from WDSuite. Within a 3-mile radius, households and incomes are trending upward, pointing to a gradually expanding tenant base that can sustain steady absorption and retention.
The ownership landscape sits near national midpoints, and neighborhood rent-to-income readings suggest manageable affordability pressure—favorable for lease renewals and measured pricing power. Key considerations include a car-oriented amenity pattern and a relatively lower renter concentration in the immediate neighborhood versus the broader 3-mile area, which places a premium on operations, on-site services, and thoughtful marketing to capture demand.
- 2007 vintage offers competitive positioning versus older local stock with potential for targeted value-add
- Neighborhood occupancy in the top quartile nationally supports leasing stability and lower downtime risk
- 3-mile radius shows expanding households and rising incomes, reinforcing multifamily demand depth
- Balanced ownership costs and manageable rent-to-income profile support retention and measured pricing
- Risks: car-oriented amenity pattern and lower immediate renter concentration require strong on-site operations