| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1143 Frost Rd, Streetsboro, OH, 44241, US |
| Region / Metro | Streetsboro |
| Year of Construction | 1979 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1143 Frost Rd Streetsboro, OH Multifamily Opportunity
Neighborhood occupancy runs at the top of the Akron metro, supporting stable leasing conditions for income-focused investors, according to WDSuite’s CRE market data.
Located in an Inner Suburb of Akron with a B neighborhood rating, the area around 1143 Frost Rd shows durable renter demand and operational stability. Neighborhood occupancy is ranked 1 out of 180 Akron neighborhoods — effectively top nationally — signaling tight supply conditions that can support consistent collections and lower downtime.
Renter concentration is high, with 63.6% of housing units renter-occupied, indicating a deep tenant base for multifamily assets. NOI per unit performance is competitive among Akron neighborhoods (ranked 7 of 180) and in the top quartile nationally, suggesting operators in this area have historically captured solid net operating income relative to similar locales.
Livability is car-oriented with limited in-boundary amenities (lowest amenity density rank in the metro), so residents typically rely on short drives for groceries, parks, and services. For investors, this dynamic often skews the tenant profile toward value- and convenience-seeking renters who prioritize access to regional job centers over walkable retail.
Home values in the neighborhood sit below national medians (33rd percentile), while the rent-to-income ratio is measured at 0.24, a level that tends to ease affordability pressure and can support lease retention. The property’s 1979 vintage is older than the neighborhood’s average construction year of 1993, pointing to potential value-add through renovations and capex planning to remain competitive versus newer stock.
Within a 3-mile radius, demographics show population and household growth in recent years, with projections through 2028 indicating further increases in households and a larger working-age cohort. This expansion supports a growing renter pool and underpins occupancy stability for well-managed multifamily properties.
Neighborhood-level crime metrics for this area are not available in WDSuite’s current dataset. Investors typically benchmark safety using city and metro trend reports alongside insurer and municipal sources to place the neighborhood in context. As always, consider reviewing multi-year trends and site-level risk measures rather than relying on single-year snapshots.
Proximity to regional employers supports workforce housing demand and commute convenience for renters. Key nearby employment nodes include rail logistics, distribution, and major corporate headquarters.
- Norfolk Southern Motor Yard — rail logistics (10.1 miles)
- Home Depot Distribution Center — distribution (10.2 miles)
- FirstEnergy — utilities (15.0 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (15.4 miles) — HQ
- Parker-Hannifin — diversified industrials (17.9 miles) — HQ
1143 Frost Rd comprises 36 units delivered in 1979, positioned in a neighborhood where occupancy ranks first among 180 Akron neighborhoods, indicating exceptional tightness and supporting income stability. The surrounding housing stock trends newer on average, creating a clear case for targeted renovations and system upgrades to enhance competitive positioning and capture value-add upside.
Within a 3-mile radius, recent population and household growth — with additional increases projected — point to a larger tenant base over the medium term, reinforcing demand for rental units. Operationally, the area’s NOI per unit performance is competitive locally and top quartile nationally; based on CRE market data from WDSuite, these fundamentals, paired with below-national home values and a manageable rent-to-income profile, can aid retention and pricing discipline. Principal risks include the car-oriented amenity profile and capex needs tied to vintage.
- Top-ranked neighborhood occupancy supports leasing stability and reduced downtime
- 1979 vintage offers value-add through renovations to compete with newer stock
- Growing 3-mile population and households expand the renter pool, aiding demand
- Competitive NOI per unit versus metro peers with top-quartile national position
- Risks: limited in-neighborhood amenities and capital planning needs for an older asset