| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Fair |
| Demographics | 51st | Good |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2212 Canfield Rd, Youngstown, OH, 44511, US |
| Region / Metro | Youngstown |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2007-04-04 |
| Transaction Price | $3,050,000 |
| Buyer | WDP INVESTMENTS LLC |
| Seller | DEBO PROPERTIES/NORMANDY APARTMENTS LP |
2212 Canfield Rd Youngstown Multifamily Investment
Neighborhood occupancy trends remain firm and park access is strong, supporting steady renter demand in this suburban pocket of Youngstown, according to WDSuite’s CRE market data. Metrics cited reflect neighborhood conditions, not property performance.
The property sits in a suburban neighborhood rated B+ and ranked 74 out of 222 within the Youngstown-Warren-Boardman metro—competitive among metro neighborhoods. Local occupancy is in the mid-90s and nationally lands in the top quartile, a constructive backdrop for lease stability based on CRE market data from WDSuite.
Livability skews toward outdoor and suburban convenience: park access ranks 2 of 222 locally and in the 91st percentile nationally, while restaurants are above national average (63rd percentile). Daily-needs retail within the neighborhood is thinner (limited grocery, pharmacy, and cafes), so most residents likely rely on short drives for errands—an operating consideration for tenant retention strategies rather than a walkability play.
Vintage matters: built in 1973, the asset is newer than the surrounding neighborhood’s older housing stock (average 1941). That relative age can support competitive positioning versus much older properties, while still leaving room for targeted system updates or common-area refreshes to enhance rentability and reduce near-term capex surprises.
Within a 3-mile radius, roughly one-third of housing units are renter-occupied, indicating a moderate renter concentration and a workable tenant base for multifamily leasing. Over the past few years, population was roughly flat and household size held around 2.3; forward-looking data point to a modest increase in households and slightly smaller household sizes by 2028—conditions that can support steady apartment demand even if the tenure mix tilts somewhat toward ownership.
Home values in the immediate area are relatively accessible compared with national levels (around the 10th percentile nationally). This can introduce some competition from ownership, but a favorable rent-to-income profile (above the national median by percentile) suggests manageable affordability pressure, supporting lease retention and consistent collections when paired with disciplined rent management.
Safety signals are mixed in relative terms. Within the Youngstown-Warren-Boardman metro, the neighborhood’s crime rank sits closer to the higher-incident tier (rank 42 out of 222 indicates comparatively more reported incidents versus many local peers). Nationally, however, the area compares better: overall safety is above the U.S. average (62nd percentile), with violent-offense conditions especially favorable (around the 91st percentile nationally).
Recent trends are worth monitoring. WDSuite’s data indicate a year-over-year uptick in property incidents, while violent offenses have eased modestly. For investors, that combination argues for standard security practices and lighting/visibility improvements, but it does not negate the broader pattern of comparatively favorable violent-crime positioning at the national level.
Regional employment anchors span rail, manufacturing, healthcare distribution, insurance, and utilities—offering a diversified base that can underpin renter demand and leasing stability for workforce-oriented units.
- Norfolk Southern — rail freight (10.9 miles)
- Goodyear Tire & Rubber — tire manufacturing (40.8 miles) — HQ
- Cardinal Health — healthcare distribution (41.1 miles)
- Erie Insurance Group — insurance (41.6 miles)
- FirstEnergy — electric utility (43.0 miles) — HQ
2212 Canfield Rd’s 1973 vintage positions it newer than much of the surrounding housing stock, providing a competitive edge versus older assets while leaving scope for targeted value-add to modernize systems and common areas. Neighborhood occupancy trends are solid and nationally competitive, park access is a standout, and the 3-mile trade area shows a moderate renter concentration with expectations for incremental household growth—factors that support tenant-base depth and occupancy stability over a hold period.
Affordability dynamics favor retention: rents relative to incomes are manageable by national benchmarks, and according to commercial real estate analysis from WDSuite, the neighborhood’s occupancy and amenity profile align with steady workforce demand. Key watch items include limited walkable daily-needs retail and potentially greater competition from ownership given relatively accessible home values; both can be mitigated with operational focus on conveniences, renewals, and product differentiation.
- Newer-than-area vintage (1973) with practical value-add and systems-refresh potential
- Stable neighborhood occupancy and strong park access support leasing durability
- Manageable rent-to-income dynamics bolster retention and cash flow consistency
- Diversified regional employment base within commuting range
- Risks: limited walkability and accessible ownership options may pressure pricing power