| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 63rd | Good |
| Amenities | 7th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Brimfield Dr, Kent, OH, 44240, US |
| Region / Metro | Kent |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | 2007-01-08 |
| Transaction Price | $1,495,000 |
| Buyer | EP MONROE PROPERTIES LLC |
| Seller | BOSSON DONALD W |
1300 Brimfield Dr, Kent OH Multifamily Investment
Positioned near Akron’s employment base, this Kent asset benefits from a solid renter pool and neighborhood occupancy near the national middle, according to WDSuite’s CRE market data. The location’s pricing sits above national medians while remaining workable for workforce tenants, supporting steady leasing.
The property sits in a B- rated, rural-leaning neighborhood within the Akron, OH metro, ranked 99 out of 180 neighborhoods. That places it around the metro median, with local occupancy approximately mid-pack nationally. Amenities in the immediate area are limited versus urban Akron submarkets, so residents typically rely on nearby corridors for retail and daily needs—an important consideration for on-site amenity and parking strategy.
Renter concentration in the host neighborhood is relatively low (about one-fifth of housing units are renter-occupied), which can temper immediate turnover pressure. However, within a 3-mile radius, the population skews renter-heavy and households are projected to increase meaningfully by 2028, expanding the tenant base. This broader catchment helps support occupancy stability even as the immediate block remains more ownership-oriented.
Income fundamentals are constructive for collections and rent growth management: neighborhood household incomes track above national medians, and the rent-to-income ratio sits near the national middle, supporting lease retention. Home values in the area are moderate by national standards, which can introduce some competition from entry-level ownership; investors should calibrate finishes and pricing accordingly to sustain demand and limit concessions.
Vintage context matters. With a 1977 construction year versus an area average closer to the mid-1980s, the asset is older than nearby stock. That typically signals value-add potential through unit modernization and systems upgrades, while also requiring proactive capital planning to maintain competitive positioning. These dynamics, paired with measured rent levels and expanding 3-mile household counts, align with a durable workforce demand thesis grounded in commercial real estate analysis.
Safety indicators are mixed but generally favorable in a broader context. The neighborhood ranks near the higher-crime end within the Akron metro (ranked 2 out of 180), yet compares well nationally, performing in the top decile for lower estimated violent and property offenses. Recent year-over-year reductions in both categories point to improving conditions, which can aid resident retention and marketing.
As always, crime patterns can vary by block and over time. Investors should validate trends with current property-level data and engage standard security measures proportionate to workforce housing expectations.
Proximity to established employers underpins renter demand and commute convenience, with concentration in manufacturing, utilities, logistics, and corporate services reflected below.
- Goodyear Tire & Rubber — manufacturing HQ (7.8 miles) — HQ
- FirstEnergy — utilities HQ (9.3 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (17.9 miles)
- Erie Insurance Group — insurance offices (18.9 miles)
- Home Depot Distribution Center — distribution (19.6 miles)
This 48-unit, 1977-vintage asset offers a value-add path in a neighborhood that sits around the Akron metro median, with occupancy near the national middle and measured rent-to-income dynamics. The immediate area’s lower renter concentration is balanced by a renter-heavy 3-mile radius where households are projected to grow meaningfully, supporting a larger tenant base and steady leasing. According to CRE market data from WDSuite, neighborhood rents price above national medians while remaining workable for workforce households, suggesting room for targeted upgrades rather than wholesale repositioning.
Relative home values are moderate, which can increase competition from ownership alternatives; in turn, competitive finishes, parking, and on-site amenities matter. The older vintage versus local averages indicates both renovation upside and the need for disciplined capital planning. Regional employers within 20 miles broaden the demand pool and can support retention through commute convenience.
- Workforce demand supported by a renter-heavy 3-mile radius and projected household growth
- 1977 vintage presents value-add potential via unit and systems modernization
- Neighborhood occupancy and rent-to-income near national mid-range support lease stability
- Proximity to major Akron employers underpins leasing and retention
- Risk: moderate homeownership costs may compete with rentals; prioritize competitive finishes and amenity strategy