| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 51st | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4784 Sontag Ln, Mantua, OH, 44255, US |
| Region / Metro | Mantua |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | 2006-05-30 |
| Transaction Price | $365,175 |
| Buyer | LAMPLIGHTER FAMILY HOUSING LP |
| Seller | LAMPLIGHTER LANDINGS LTD |
4784 Sontag Ln, Mantua OH Multifamily Investment
A modest, renter-occupied presence in the surrounding neighborhood supports a steady tenant base, while pricing signals point to manageable rent-to-income levels, according to WDSuite s commercial real estate analysis. Investors should focus on durable occupancy and light value-add to compete effectively in a rural Akron submarket context.
Located in a rural pocket of the Akron, OH metro, the neighborhood shows a moderate renter-occupied share (measured at the neighborhood level), indicating a defined but not saturated tenant pool. Based on CRE market data from WDSuite, neighborhood occupancy trends are below metro medians, so underwriting should prioritize retention and leasing velocity over aggressive rent lifts.
Livability is shaped by limited retail and services density typical of rural settings, though pharmacies and parks register above many peer areas by national comparison. Schools score in the top quartile nationally (neighborhood metric), which can support family-oriented demand and longer tenancy for suitable unit mixes.
Within a 3-mile radius, population and household counts have contracted in recent years, and forecasts indicate further population decline accompanied by smaller average household sizes. For multifamily, this leans toward a stable but selective renter pool rather than broad expansion, making property-level execution and tenant retention key to maintaining occupancy.
The property s 1988 vintage is newer than the neighborhood s older housing stock profile. That positioning can be competitive versus pre-war and mid-century inventory, though investors should still plan for modernization of aging systems and targeted interior refreshes to defend rents and limit downtime.
Home values in the surrounding neighborhood are comparatively lower than national norms, which can increase competition from ownership options. At the same time, neighborhood rent-to-income indicators suggest relatively manageable monthly housing costs for renters, supporting lease retention and limiting turnover when paired with sound property management.
Public safety metrics specific to this neighborhood are limited in the provided dataset. Investors typically benchmark crime trends against the broader Akron metro and municipality reports to contextualize tenant retention and insurance assumptions. A prudent approach is to review recent local data and property-level history to validate assumptions about security measures and operating expenses.
Regional employment is diversified across distribution, rail operations, and industrial manufacturing, offering a broad commuter base that can support renter demand and lease stability. Nearby anchors include Home Depot s distribution, Norfolk Southern facilities, Parker-Hannifin, and Goodyear.
- Home Depot Distribution Center distribution & logistics (14.4 miles)
- Norfolk Southern Motor Yard rail operations (16.0 miles)
- Parker-Hannifin industrial manufacturer (19.8 miles) HQ
- Norfolk Southern railroad corporate offices (20.4 miles)
- Goodyear Tire & Rubber tire & rubber manufacturing (20.6 miles) HQ
The 30-unit asset at 4784 Sontag Ln offers small-format layouts (average unit size near 540 sq. ft.) suited to renters prioritizing value and straightforward living in a rural submarket. According to CRE market data from WDSuite, neighborhood occupancy trends trail metro medians, suggesting an execution-led strategy focused on retention, leasing efficiency, and competitive finishes rather than outsized rent growth.
Built in 1988, the property is newer than much of the area s older housing stock and can compete with targeted system upgrades and interior refreshes. Proximity to regional employers across logistics, rail, and manufacturing supports daily commuting, while neighborhood-level rent-to-income indicators imply manageable housing costs that can aid renewal rates. Population within 3 miles is contracting and household sizes are expected to shrink, so maintaining occupancy will depend on product differentiation and attentive management.
- 1988 vintage positions the asset ahead of older local stock; plan targeted capex for modernization to defend rents
- Small-format units align with value-driven renters and efficient lease-up in a workforce-oriented market
- Commutable access to distribution, rail, and manufacturing anchors supports steady tenant demand
- Neighborhood rent-to-income indicators point to manageable monthly costs, aiding retention and cash flow stability
- Risks: neighborhood occupancy below metro medians, rural amenity depth, and population decline within 3 miles may temper rent growth