| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 56th | Fair |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10860 North St, Garrettsville, OH, 44231, US |
| Region / Metro | Garrettsville |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10860 North St, Garrettsville OH Multifamily Investment
Neighborhood occupancy is strong and supports leasing stability relative to the Akron metro, according to WDSuite’s CRE market data.
Set in a Rural pocket of the Akron, OH region, the neighborhood posts an occupancy rate that sits in the top quartile among 180 metro neighborhoods. That backdrop indicates steady renter demand and helps support collections and retention at nearby assets, based on CRE market data from WDSuite.
Vintage matters here: the area’s average construction year skews older (1939), while this 1986 asset is materially newer. That positioning can be competitive versus the local stock, though investors should plan for modernization of aging systems and common areas as part of a measured value-add or capital planning approach.
Within a 3-mile radius, households skew more owner-occupied (about one-quarter renter-occupied), which implies a smaller but durable renter base. Median contract rents remain comparatively low and rent-to-income levels are favorable, which can support lease retention and measured rent growth management rather than aggressive resets.
Local amenity density is limited for cafes, parks, and childcare, typical of rural settings; grocery access trends around metro middle-of-the-pack. For investors, this suggests resident expectations align more with car-oriented living, and on-site conveniences and maintenance responsiveness can be meaningful differentiators for leasing and renewals.
Comparable crime statistics for this neighborhood are not available in WDSuite at the time of publication. Investors commonly benchmark conditions against city and county trends and review recent municipal reports and property-level incident histories to gauge on-the-ground risk and potential operating impacts.
Given the rural context, it’s prudent to underwrite standard security measures, ensure adequate lighting and sightlines, and coordinate with local authorities on any documented patterns before finalizing assumptions.
Employment nodes within commuting range include rail operations, logistics, and major corporate offices, supporting workforce housing dynamics and day-to-day commute convenience for renters. The list below highlights nearby employers that can contribute to a stable tenant base.
- Norfolk Southern — rail operations (15.1 miles)
- Home Depot Distribution Center — logistics & distribution (20.2 miles)
- Norfolk Southern Motor Yard — rail operations (22.2 miles)
- Parker-Hannifin — diversified manufacturing (24.2 miles) — HQ
- Progressive — insurance (25.2 miles) — HQ
This 40-unit asset benefits from a neighborhood with occupancy in the top quartile of the Akron metro, indicating resilient leasing fundamentals and support for stable operations. The 1986 vintage stands newer than the surrounding stock, offering relative competitiveness versus older buildings while leaving room for targeted upgrades to drive rent positioning and operational efficiency, according to commercial real estate analysis from WDSuite.
Within a 3-mile radius, the renter-occupied share is smaller and households are projected to increase even as population trends edge lower—signaling smaller household sizes and a steady, needs-based renter pool. Favorable rent-to-income levels point to retention advantages and measured pricing power, while the rural setting suggests that on-site amenities and responsive management can play an outsized role in tenant satisfaction.
- Occupancy strength: neighborhood ranks in the metro’s top quartile, supporting stable leasing
- Competitive vintage: 1986 construction versus older area stock, with scope for modernization
- Affordability supports retention: low rent-to-income levels enable disciplined rent management
- Demand drivers: commutable access to rail, logistics, and regional HQs underpins workforce housing
- Risks: smaller renter base and limited amenities typical of rural locations may cap rent growth