| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Best |
| Demographics | 67th | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 403 Rockdale Ave, Youngstown, OH, 44512, US |
| Region / Metro | Youngstown |
| Year of Construction | 1976 |
| Units | 68 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
403 Rockdale Ave Youngstown Multifamily Investment
Neighborhood occupancy is high and has strengthened in recent years, according to WDSuite’s CRE market data, suggesting stable renter demand for well-managed assets in this suburban pocket of Youngstown. These occupancy figures reflect the surrounding neighborhood, not the property itself.
The property sits in a suburban neighborhood rated A- and ranked 35 out of 222 within the Youngstown-Warren-Boardman metro—placing it in the top quartile locally and competitive among peer neighborhoods. Neighborhood occupancy trends are strong and among the higher-performing areas nationally, indicating a supportive backdrop for maintaining leased units and managing turnover risk.
Local amenity access skews practical rather than lifestyle-driven. Grocery availability ranks near the top of the metro and compares favorably nationwide, while restaurants are reasonably represented. Parks, pharmacies, cafes, and childcare options are limited in the immediate area—an operational consideration for positioning and resident services rather than a demand constraint by itself.
The asset’s 1976 vintage is modestly newer than the neighborhood’s average construction year (1970). Investors should anticipate aging systems and plan for targeted capital improvements, but the vintage can still compete with older stock nearby, especially where common-area updates and in-unit modernization can enhance leasing velocity and retention.
Within a 3-mile radius, demographics point to a broad renter pool supported by steady incomes and relatively favorable rent-to-income levels. Renter-occupied housing sits around one-third of units, which provides depth for multifamily leasing without overreliance on any single tenant segment. Forward-looking 3-mile projections indicate an increase in households alongside slightly smaller household sizes—dynamics that can expand the tenant base and support occupancy stability over time. Median home values are comparatively accessible in this market context, which can create competition from ownership options; however, lower rent-to-income ratios support lease retention and pricing flexibility for appropriately positioned units.
Safety indicators for the neighborhood track around the metro median (ranked 101 out of 222 neighborhoods), while comparing below the national average on a percentile basis. Recent data show a year-over-year uptick in both property and violent offenses, based on WDSuite’s CRE market data. Investors should calibrate underwriting and operating plans with this context in mind—prioritizing lighting, access control, and resident engagement—to help sustain leasing performance and retention.
Nearby corporate employers offer a diversified employment base that supports commuter convenience and renter demand, including rail transportation, healthcare distribution, insurance, retail headquarters, and tire manufacturing.
- Norfolk Southern — rail transportation (13.4 miles)
- Cardinal Health — healthcare distribution (38.6 miles)
- Erie Insurance Group — insurance (41.7 miles)
- Dick's Sporting Goods — retail HQ (41.9 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing (42.0 miles) — HQ
- FirstEnergy — utilities (44.2 miles) — HQ
403 Rockdale Ave offers exposure to a suburban Youngstown neighborhood with strong occupancy, practical amenity access, and a renter base supported by balanced incomes and relatively favorable rent-to-income dynamics. According to CRE market data from WDSuite, neighborhood occupancy ranks among the higher tiers locally and is competitive on a national basis—conditions that can underpin leasing stability for well-maintained assets.
Built in 1976, the asset is modestly newer than the neighborhood average and presents an opportunity for targeted value-add through system upgrades and interior modernization to sharpen competitive positioning against older stock. While accessible ownership options and middling safety metrics introduce underwriting considerations, projected household growth within 3 miles and stable renter concentrations point to a durable tenant base that can support retention and steady cash flow with disciplined operations.
- Strong neighborhood occupancy trends support leasing stability and lower turnover risk.
- Practical amenity mix (notably grocery and restaurants) aligns with workforce demand drivers.
- 1976 vintage allows targeted value-add and system updates to outperform older comparables.
- 3-mile projections show more households and a larger renter pool over time, supporting occupancy management.
- Risks: accessible ownership alternatives and below-national safety metrics require conservative underwriting and active property management.