| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Fair |
| Demographics | 36th | Fair |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Granada Ave, Youngstown, OH, 44505, US |
| Region / Metro | Youngstown |
| Year of Construction | 1984 |
| Units | 60 |
| Transaction Date | 1984-01-01 |
| Transaction Price | $60,000 |
| Buyer | YO AREA JEWISH HSG CO |
| Seller | --- |
600 Granada Ave Youngstown Multifamily Micro-Unit Asset
Positioned in an inner-suburb pocket with stable renter demand and relatively newer construction versus nearby stock, this asset benefits from attainable rents and a broad tenant base, according to WDSuite’s CRE market data.
Livability in this Inner Suburb location skews practical: grocery access is comparatively strong within the neighborhood (ranked 31 out of 222 metro neighborhoods), while cafes, restaurants, parks, and pharmacies are limited. For investors, this mix supports day-to-day convenience without commanding premium rents, helping the asset compete on value rather than amenities. Average school ratings for the neighborhood are low, so family-driven demand may rely more on pricing and commute convenience than on school quality.
The property’s 1984 vintage is newer than the neighborhood’s older housing stock (average construction year 1930). That age gap can improve competitive positioning versus legacy properties while still warranting capital planning for systems and common areas to meet current renter expectations. Neighborhood occupancy is below metro norms (ranked 174 out of 222), which suggests leasing will benefit from active management and unit-level differentiation.
Tenure data points to a meaningful renter concentration: the neighborhood’s share of renter-occupied housing sits in the higher range nationally (78th percentile). This indicates a sizable tenant base and supports demand depth for multifamily operators, though pricing power will hinge on product quality and management execution.
Within a 3‑mile radius, recent trends show modest population softness but a projected population increase and a notable rise in household counts by 2028. Smaller average household sizes in the forecast imply more households relative to residents, which typically enlarges the renter pool and can support occupancy stability for efficiently sized units. Median home values in the neighborhood are low relative to the national landscape, which can create some competition from entry-level ownership; however, rent-to-income levels remain manageable, aiding retention and steady lease rolls.
Safety signals are mixed when viewed in context. Overall crime levels sit near the national midpoint (49th percentile), yet the neighborhood’s crime rank is 66 out of 222 across the Youngstown-Warren-Boardman metro, indicating higher exposure than many local peers. At the same time, violent and property incident rates benchmark favorably versus neighborhoods nationwide (79th and 84th percentiles, respectively), suggesting comparative strength on severity.
Recent year-over-year trends show increases in reported violent and property offenses at the neighborhood level. Investors should underwrite appropriate security, lighting, and onsite management measures and monitor local trendlines as part of ongoing risk management.
The area draws from a diversified employment base, supporting workforce renter demand and commute convenience to regional employers including Norfolk Southern, Goodyear Tire & Rubber, and Cardinal Health.
- Norfolk Southern — rail transportation (10.7 miles)
- Goodyear Tire & Rubber — tire manufacturing (42.8 miles) — HQ
- Cardinal Health — healthcare distribution (43.0 miles)
This 60‑unit asset offers efficiently sized layouts that align with value-oriented renter demand in a neighborhood where renter-occupied share is high nationally and grocery access is solid. The 1984 vintage is materially newer than much of the surrounding housing stock, providing a competitive edge versus older comparables, while still calling for targeted renovations and system updates to optimize performance. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trails metro leaders, so leasing outcomes will rely on hands-on management and pricing discipline.
Forward-looking demographics within a 3‑mile radius indicate population growth and a larger household count by 2028, which expands the tenant base and supports steady absorption for smaller units. Low relative ownership costs in the neighborhood may temper rent growth at the margins, but manageable rent-to-income levels help support retention and stable cash flow when operations are executed well.
- Newer 1984 vintage vs. area norms supports competitive positioning with modest capex for modernization
- Higher national standing for renter-occupied share indicates depth in tenant demand
- Practical amenity mix (strong grocery access) helps drive value-focused leasing
- 3‑mile projections show population and household growth, expanding the renter pool and supporting occupancy
- Risk: neighborhood occupancy ranks below metro leaders and recent safety trend upticks warrant active management