| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 65th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1738 State Route 303, Streetsboro, OH, 44241, US |
| Region / Metro | Streetsboro |
| Year of Construction | 1989 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1738 State Route 303 Streetsboro Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and high occupancy, according to WDSuite’s CRE market data, supporting an income-focused hold for investors evaluating Streetsboro, Ohio.
Streetsboro’s neighborhood metrics indicate a balanced living environment with practical amenities and a commuter-friendly location within the Akron metro. Amenity access sits modestly above national norms (cafes, groceries, restaurants in the low-to-mid 60th national percentiles), and average school ratings track slightly above national midline, offering day-to-day convenience that supports tenant retention.
Multifamily investors should note that neighborhood occupancy is strong and has improved over the past five years, ranking in the top quartile among 180 Akron neighborhoods. While these occupancy figures describe the neighborhood, not this specific asset, they signal resilient leasing conditions for comparable properties nearby.
Renter concentration at the neighborhood level is just under one‑third of housing units being renter-occupied, pointing to a stable but not saturated tenant base. Within a 3‑mile radius, population and household counts have grown meaningfully over the past five years and are projected to continue rising, which supports a larger tenant pool and sustained absorption rather than a dependence on turnover.
Ownership costs are relatively accessible in metro context (value-to-income measures sit below the national median), which can create some competition with entry-level ownership. However, median contract rents remain near national midline, and rent-to-income levels suggest manageable affordability pressure—factors that can aid lease retention and limit concessions in typical leasing cycles.
Safety indicators for the neighborhood compare favorably at the national level, with overall crime measures landing above the U.S. midpoint. Property and violent offense benchmarks sit in higher national percentiles (a higher percentile indicates comparatively safer conditions), placing the area among stronger performers nationally on recent data.
Trends are mixed: recent estimates show improvement in property-related incidents, while violent offense momentum has ticked up versus national patterns. At the metro scale, use caution interpreting single-year shifts; investors typically underwrite with multi-year trend lines and on-site diligence to validate block-level dynamics.
Proximity to established employers across logistics, utilities, and manufacturing underpins local workforce housing demand and supports commuting convenience for renters. Nearby anchors include Norfolk Southern, Home Depot distribution, FirstEnergy, Goodyear, and Parker-Hannifin.
- Norfolk Southern Motor Yard — rail operations (11.9 miles)
- Home Depot Distribution Center — logistics (12.2 miles)
- FirstEnergy — utilities (14.5 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (14.5 miles) — HQ
- Parker-Hannifin — diversified industrials (19.8 miles) — HQ
This 110-unit asset in Streetsboro benefits from a neighborhood with consistently high occupancy and steady renter demand. Based on CRE market data from WDSuite, neighborhood occupancy ranks in the top quartile among 180 Akron neighborhoods, and nearby renter-occupied share near one-third indicates a durable, diversified tenant base rather than a transient, turnover-dependent profile. Within a 3‑mile radius, recent and forecast growth in population and households points to ongoing renter pool expansion that can support occupancy stability.
Affordability dynamics are balanced: rent-to-income levels sit near national midline, reinforcing lease retention, while relatively accessible ownership costs may introduce some competition from for-sale alternatives. Amenity access and school ratings slightly above national midline enhance livability factors that matter for leasing velocity. Underwriting should weigh these strengths against historically modest NOI-per-unit benchmarks in the area and monitor crime trend signals at the micro level during due diligence.
- High neighborhood occupancy with top-quartile standing in the Akron metro supports income stability
- Expanding 3‑mile population and household base enlarges the renter pool and supports leasing
- Balanced affordability and amenity access aid retention and reduce concession risk
- Nearby employment nodes (utilities, logistics, manufacturing) reinforce workforce housing demand
- Risk: accessible ownership options and historically modest NOI per unit warrant conservative rent growth assumptions