| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 65th | Good |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 815 Frost Rd, Streetsboro, OH, 44241, US |
| Region / Metro | Streetsboro |
| Year of Construction | 1997 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
815 Frost Rd Streetsboro OH Multifamily Investment
Neighborhood occupancy is ranked first out of 180 Akron neighborhoods, indicating strong leasing stability at the area level, according to WDSuite’s CRE market data. Renter-occupied share in the neighborhood is elevated, which supports a deeper tenant base for a 1997, 108-unit asset nearby.
Streetsboro’s Inner Suburb location offers access to Akron–Cleveland employment while maintaining a suburban operating profile. At the neighborhood level, occupancy ranks 1 of 180 in the Akron metro and sits in the top percentile nationally, signaling durable demand that can support steady operations. Note that these occupancy metrics reflect the neighborhood, not this specific property.
The neighborhood shows above-median rent positioning versus the nation (local median contract rent trends in the upper-third nationally) with a rent-to-income profile that suggests manageable affordability pressure. For investors, this balance typically supports retention while allowing measured pricing moves through renewals rather than relying on outsized new-lease trade-outs.
Renter-occupied share within the neighborhood is high (renter concentration ranks near the top of the metro), implying a sizable tenant pool for multifamily operators. Within a 3-mile radius, population and households have been expanding and are projected to continue growing, pointing to a larger renter pool over time and supporting occupancy stability.
Amenity density within the immediate neighborhood is limited, with few cafes, groceries, parks, and pharmacies per square mile in the dataset. Operators should expect residents to rely on nearby corridors for retail and services, which places a premium on on-site conveniences and property management responsiveness. The asset’s 1997 construction is newer than the neighborhood’s average vintage (early 1990s), suggesting competitive positioning versus older stock, though investors should still plan for modernization of common areas and building systems over the hold.
Comparable crime statistics for this neighborhood are not available in the provided dataset from WDSuite. Investors typically benchmark safety context against Akron metro and city sources and evaluate property-level measures (lighting, access control, visibility) alongside historical incident trends. Absent ranked data, a prudent approach is to review recent municipal reporting and insurer/lender guidance for a consistent risk view.
Nearby employment includes transportation and distribution nodes along with notable corporate headquarters, which supports workforce housing demand and commute convenience for residents. The list below reflects representative employers in proximity to the neighborhood.
- Norfolk Southern Motor Yard — transportation & logistics (9.6 miles)
- Home Depot Distribution Center — distribution & logistics (9.9 miles)
- FirstEnergy — utilities (14.7 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (15.2 miles) — HQ
- Airgas Merchant Gases — industrial gases (17.4 miles)
This 1997, 108-unit multifamily asset benefits from neighborhood-level occupancy that ranks first among 180 Akron neighborhoods, a signal of durable renter demand and leasing stability in the immediate area. According to CRE market data from WDSuite, local rent positioning is above the national median while rent-to-income levels indicate manageable affordability pressure, supporting renewal-driven growth over abrupt resets. The vintage offers relative competitiveness versus older stock, with potential upside from targeted common-area and system updates.
Within a 3-mile radius, recent and projected growth in population and households points to a larger tenant base over time, reinforcing demand for rental units and helping sustain occupancy. Home values in the broader area are lower relative to high-cost metros, which can introduce some competition from ownership options; however, the neighborhood’s elevated renter concentration and proximity to diversified employment should continue to underpin multifamily demand.
- Neighborhood occupancy ranks 1 of 180 in Akron, supporting stable operations at the area level.
- Above-national rent positioning with manageable rent-to-income levels supports renewal-driven pricing power.
- 1997 vintage offers competitive positioning with value-add potential through targeted modernization.
- 3-mile radius shows expanding population and households, pointing to a growing renter base.
- Risk: amenity-light immediate area and accessible ownership options may temper rent growth, requiring disciplined leasing and asset management.