| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 70th | Best |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 44 Boardman Blvd, Youngstown, OH, 44512, US |
| Region / Metro | Youngstown |
| Year of Construction | 1996 |
| Units | 63 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
44 Boardman Blvd Youngstown Multifamily Investment Opportunity
Located in an inner-suburban pocket with strong renter demand and amenity access, the neighborhood posts stable occupancy according to WDSuite’s CRE market data. Positioning suits value-oriented renters, supporting steady leasing with room for operational improvements.
This Inner Suburb neighborhood rates A+ and ranks 2 out of 222 in the Youngstown-Warren-Boardman metro, indicating broad strength in livability for workforce renters. Neighborhood occupancy is in the top quartile among 222 metro neighborhoods and compares favorably to national trends, supporting income stability for a 63-unit asset.
Amenities are a local advantage: restaurant and cafe density ranks within the metro’s stronger cohorts, while groceries and pharmacies are similarly accessible. Parks are limited in the immediate area, which slightly tempers lifestyle appeal, but the day-to-day convenience profile remains competitive among Youngstown-Warren-Boardman neighborhoods. Average school ratings track in the top quartile metro-wide, a supportive signal for retention among households.
Renter-occupied housing accounts for roughly two-fifths of neighborhood units, indicating a meaningful tenant base without oversaturation. Median contract rents trend toward the lower end for the region, and the rent-to-income ratio is favorable, which can aid lease renewal rates though it may moderate near-term pricing power. Elevated homeownership accessibility in the metro suggests some competition from for-sale options; for multifamily owners, that typically emphasizes operational execution and asset quality to sustain demand.
Within a 3-mile radius, WDSuite reports modest population growth and an increase in total households, with projections calling for further household expansion over the next several years. This points to a larger tenant base and supports occupancy stability. The property’s 1996 vintage is newer than the neighborhood’s average 1983 stock, implying competitive positioning versus older assets, while prudent capital planning for aging systems still applies. These fundamentals align with disciplined commercial real estate analysis focused on steady cash flow and selective value-add.
Safety indicators compare closer to the metro median than to top-performing national areas. The neighborhood’s crime rank sits near the middle of 222 metro neighborhoods, and national percentiles suggest higher reported incidents than many suburbs nationwide. Recent year-over-year changes in property offenses indicate volatility, which investors typically underwrite through insurance, security measures, and resident screening policies.
For underwriting, frame safety as a comparative factor rather than a block-level attribute. Monitoring trend direction and engaging with property management practices can mitigate risk and help sustain leasing outcomes relative to similar Youngstown-Warren-Boardman submarkets.
- Norfolk Southern — rail & logistics offices (14.6 miles)
- Cardinal Health — healthcare distribution offices (37.3 miles)
- Dick's Sporting Goods — retail corporate offices (40.5 miles) — HQ
- Erie Insurance Group — insurance offices (42.2 miles)
- Goodyear Tire & Rubber — manufacturing corporate (42.8 miles) — HQ
The investment case centers on stable neighborhood occupancy, everyday amenity access, and a renter base supported by favorable rent-to-income dynamics. The 1996 construction is newer than the neighborhood’s 1983 average, positioning the asset competitively versus older stock while still warranting targeted system upgrades and light renovations to sharpen leasing and retention.
Lower regional rent levels and accessible homeownership temper pricing power, but household growth within a 3-mile radius expands the tenant pool and supports steady absorption. According to CRE market data from WDSuite, the neighborhood ranks among the metro’s stronger performers on occupancy and amenities, suggesting resilient demand if operations remain disciplined.
- Stable neighborhood occupancy in the top quartile metro-wide supports income consistency.
- 1996 vintage offers competitive positioning versus older local stock, with scope for targeted upgrades.
- Amenity-rich corridor and above-median school ratings bolster retention prospects.
- Favorable rent-to-income profile aids renewals, though it may limit near-term rent growth.
- Risks: mid-pack safety metrics and accessible ownership options require disciplined operations and competitive unit finishes.