| 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 Multifamily Value-Add Opportunity
Neighborhood occupancy is at the top of the Akron metro, indicating stable renter demand around the asset, according to WDSuite’s CRE market data. This positioning supports consistent leasing while a 1979 vintage suggests potential to unlock upside through targeted renovations.
Streetsboro sits within Akron’s inner-suburban fabric, with the subject address positioned in a predominantly car-oriented pocket. Immediate walkable retail is limited, but regional connectivity supports daily needs and employment access, which helps underpin renter demand and occupancy at the neighborhood level.
On fundamentals, the neighborhood’s occupancy ranks first among 180 Akron neighborhoods, placing it in the top quartile nationally for stability. Median contract rents benchmark in the upper tier locally (ranked 14 of 180; 73rd percentile nationally), signaling pricing power relative to much of the metro while still competing within broader regional affordability. The renter-occupied share of housing units is elevated, indicating a deeper tenant base and reinforcing leasing durability for multifamily assets.
Demographic statistics aggregated within a 3-mile radius show recent population growth and an expanding household base, with projections pointing to further increases and a modest reduction in average household size. For investors, that trend implies a larger renter pool over time and supports occupancy stability and unit absorption. Household incomes in the 3-mile radius have risen, which can sustain rent levels and renewal capture where value, finishes, and convenience align.
Ownership costs in the neighborhood track below many national markets, which can create some competition with entry-level ownership. However, this dynamic often supports steady retention in well-managed multifamily communities that deliver convenience and predictable living costs. Taken together—and based on commercial real estate analysis from WDSuite—this submarket offers a blend of stability and attainable pricing that can support consistent operations.
Comparable, neighborhood-level crime benchmarking was not available in the provided dataset. Investors typically evaluate safety by reviewing multi-year trends against metro averages and peer neighborhoods, as well as on-site conditions and property management practices. Without a consistent rank or percentile, it is prudent to contextualize security measures, lighting, and access controls during due diligence and compare to nearby Akron submarkets.
Nearby employment centers combine logistics, utilities, and manufacturing headquarters, supporting a broad workforce tenant base and commute convenience for renters. Listed below are representative anchors by proximity that can help sustain leasing and renewals.
- Norfolk Southern Motor Yard — rail logistics (10.1 miles)
- Home Depot Distribution Center — retail distribution (10.2 miles)
- FirstEnergy — electric utility (15.0 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing (15.4 miles) — HQ
- Parker-Hannifin — industrial manufacturing (17.8 miles) — HQ
Built in 1979, the property is older than the neighborhood’s typical vintage, creating a straightforward value-add thesis through interior upgrades and selective system improvements. At the neighborhood level, occupancy benchmarks at the top of the Akron metro and NOI per unit runs above the metro median, indicating durable demand and operating resilience relative to many peers, according to CRE market data from WDSuite.
Within a 3-mile radius, population and households are expanding with incomes trending higher, which supports a growing renter pool and potential for renewal capture where renovations elevate unit quality. While immediate walkable amenities are limited and ownership remains relatively accessible in this area, well-executed capex and professional management can position the asset competitively on finishes and convenience, supporting leasing stability over the hold.
- Neighborhood occupancy leads the Akron metro, supporting consistent leasing and retention.
- 1979 vintage offers value-add potential via unit upgrades and targeted capital planning.
- Expanding 3-mile population and household counts point to a larger renter pool over time.
- Proximity to diverse employers underpins workforce housing demand and commute convenience.
- Risks: limited nearby amenities and competition from entry-level ownership; mitigate through renovations, curb appeal, and professional leasing.