| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 23rd | Poor |
| Demographics | 10th | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1707 5th Ave, Youngstown, OH, 44504, US |
| Region / Metro | Youngstown |
| Year of Construction | 1978 |
| Units | 30 |
| Transaction Date | 2010-02-25 |
| Transaction Price | $500,000 |
| Buyer | DB MIDWEST I LLC |
| Seller | CRUNCH INC |
1707 5th Ave Youngstown Value-Add Multifamily
Positioned in an inner-suburb pocket of Youngstown, the 1978 vintage offers a practical renovation path and access to a renter base that skews toward multifamily, according to WDSuite s CRE market data.
The property sits in an Inner Suburb neighborhood with everyday conveniences close by. Neighborhood amenities lean practical rather than upscale: grocery options are comparatively accessible locally, and parks and casual dining are available within a short drive, while specialty cafes and pharmacies are limited. Rents in this neighborhood skew on the lower end versus national markets, which can support price-sensitive demand and value positioning.
With a neighborhood average construction year of 1929, the area s housing stock is older. By contrast, this asset s 1978 vintage is newer than much of the immediate competition, suggesting pragmatic upgrade scope (exteriors, common areas, and systems) to improve renter appeal without full repositioning. Investors should plan for targeted capital projects typical of late-1970s product to enhance leasing velocity and retention.
Neighborhood occupancy trends have been soft, and investor underwriting should reflect conservative lease-up and renewal assumptions. At the same time, the share of renter-occupied units in the neighborhood ranks high nationally, indicating a meaningful renter concentration and deeper tenant base relative to many markets. Home values in the area are low in national context, which can create some competition from ownership; however, it also supports a durable need for accessible rental options and measured pricing power at attainable rent levels.
Demographics aggregated within a 3-mile radius show recent population decline but a projected increase in households and smaller average household sizes over the next five years. That combination points to a potential renter pool expansion and supports an underwriting case for stable occupancy at attainable rents, based on CRE market data from WDSuite.
Neighborhood safety metrics land around the metro midpoint but below the national median. The crime rank sits near the center of the 222 Youngstown-Warren-Boardman metro neighborhoods, and national percentiles indicate the area is less safe than many U.S. neighborhoods. Signals are mixed by category: property offenses are closer to the national middle of the pack, while recent year-over-year changes show volatility that warrants conservative operating assumptions.
For investors, the takeaway is to budget for standard security measures (lighting, access control, and exterior visibility) and to emphasize unit and common-area upgrades that improve resident comfort and retention without relying on rapid rent growth assumptions.
The employment base within commuting range blends rail transportation, healthcare distribution, and manufacturing headquarters factors that can underpin workforce renter demand and day-to-day leasing stability.
- Norfolk Southern rail transportation (11.4 miles)
- Cardinal Health healthcare distribution (42.2 miles)
- Goodyear Tire & Rubber tire manufacturing (43.4 miles) HQ
1707 5th Ave is a 30-unit, late-1970s asset offering a straightforward value-add path in a neighborhood where much of the housing stock predates 1930. The property s relative vintage can be leveraged with focused upgrades to exteriors, common areas, and building systems to compete against older alternatives and support occupancy stability. Neighborhood rents trend low in national context, and a high share of renter-occupied housing locally points to depth in the tenant base. Within a 3-mile radius, projections indicate growth in households and smaller household sizes, which typically expands the renter pool and supports steady leasing.
Risk management should account for softer neighborhood occupancy readings and safety metrics below national medians. Still, the combination of workforce-oriented demand drivers and attainable pricing can support durable performance when paired with disciplined capital planning, based on commercial real estate analysis using WDSuite s data.
- Late-1970s vintage is newer than much of the neighborhood stock, offering practical value-add scope.
- Renter-occupied share is high locally, supporting a deeper tenant base and leasing resiliency.
- 3-mile radius forecasts show more households and smaller sizes, indicating potential renter pool expansion.
- Amenity access is functional (grocery, parks, casual dining), aligning with workforce housing demand at attainable rents.
- Risks: softer neighborhood occupancy and below-national safety metrics warrant conservative underwriting and enhanced property operations.