| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 55th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4213 Glenwood Ave, Youngstown, OH, 44512, US |
| Region / Metro | Youngstown |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4213 Glenwood Ave Youngstown 24-Unit Multifamily Investment
Neighborhood occupancy is above the metro median and renter demand is reinforced by a high renter-occupied share, according to WDSuite’s CRE market data. Expect stable leasing dynamics with prudent oversight of expenses and safety considerations.
Located in Youngstown’s inner-suburban fabric, the property benefits from an A-rated neighborhood that ranks 20 out of 222 metro neighborhoods—comfortably in the top quartile locally. Grocery and pharmacy access rank near the top of the metro, while parks and cafes are thinner nearby, shaping a practical, amenity-light profile that suits workforce renters.
Neighborhood occupancy is above the metro median, with recent years showing improvement—an indicator of leasing stability relative to many Youngstown-Warren-Boardman submarkets. Median contract rents in the neighborhood sit on the lower end versus national peers, while the rent-to-income ratio tracks in a higher national percentile, suggesting manageable affordability pressure that can support retention and measured rent adjustments rather than aggressive pushes.
Renter-occupied housing accounts for a substantial share locally (top quartile among 222 metro neighborhoods and high on a national basis), signaling depth in the tenant pool for small and mid-size multifamily assets. Median home values are comparatively lower versus national benchmarks; for investors, that can introduce some competition from ownership alternatives, making property-level differentiation and resident services important to sustain pricing power.
Within a 3-mile radius, recent data show generally stable population and households with projections pointing to population growth and a notable increase in households over the next five years. This dynamic implies a potentially larger renter base and supports occupancy stability, assuming continued operations and unit positioning consistent with local income trends.
Safety metrics for the neighborhood trail both the metro average and national norms. The neighborhood’s crime ranking sits in the lower half of the 222 Youngstown-area neighborhoods, and national percentiles also point to below-average safety compared with U.S. neighborhoods.
Recent directional data indicate year-over-year increases in both property and violent offenses. Investors should underwrite prudent security measures, lighting and access controls, and consider community engagement practices that support resident comfort and lease retention.
The employment base within commuting distance includes rail, healthcare, manufacturing, insurance, retail, and utilities—offering a diverse set of drivers that can support renter demand and retention for workforce housing.
- Norfolk Southern — rail operations (12.3 miles)
- Cardinal Health — healthcare distribution (39.7 miles)
- Goodyear Tire & Rubber — manufacturing & corporate (42.1 miles) — HQ
- Erie Insurance Group — insurance (42.5 miles)
- Dick's Sporting Goods — retail corporate (43.4 miles) — HQ
- FirstEnergy — utilities (44.3 miles) — HQ
4213 Glenwood Ave is a 1977 vintage, 24-unit asset positioned in an A-rated Youngstown neighborhood where occupancy trends are above the metro median. The submarket’s high renter-occupied share signals depth in the tenant base, while comparatively modest neighborhood rents and a rent-to-income profile that is stronger than the national midpoint point to retention potential and measured pricing power, based on commercial real estate analysis supported by WDSuite.
The 1977 construction suggests planning for ongoing capital needs and selective value-add to enhance competitiveness against nearby ownership options in a relatively accessible home-value environment. Safety metrics are below regional and national averages, so underwriting should incorporate security initiatives and operational oversight to protect leasing stability.
- Above-metro neighborhood occupancy supports stable leasing
- High renter-occupied share indicates a deep tenant base
- 1977 vintage offers value-add potential with targeted capex
- Practical amenities (groceries/pharmacies) align with workforce demand
- Risk: Below-average safety requires thoughtful security and management