| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 65th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9121 Ranch Rd, Streetsboro, OH, 44241, US |
| Region / Metro | Streetsboro |
| Year of Construction | 1986 |
| Units | 116 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
9121 Ranch Rd Streetsboro Multifamily Investment
High neighborhood occupancy and a growing renter base point to durable tenancy, according to WDSuite s CRE market data, supporting stable operations with room for value-add execution.
Positioned in the Akron metro s Streetsboro area, the neighborhood is rated A and ranks 13 out of 180 metro neighborhoods, placing it in the top quartile locally. According to CRE market data from WDSuite, neighborhood occupancy is high and has trended upward, supporting leasing stability for a 116-unit asset. Median household incomes are above many national peers, while the rent-to-income profile indicates manageable affordability pressure that can aid retention.
Livability drivers are balanced for workforce tenants: grocery, restaurants, pharmacies, parks, and childcare densities sit around the national mid-60th percentiles, and average school ratings hover near the middle of the pack. These attributes help sustain day-to-day convenience without relying on destination amenities.
Within a 3-mile radius, demographics show population growth of roughly 21% since the prior period, with households up about 18% and families expanding as well; WDSuite s forward view indicates continued increases in population and households over the next five years. This points to a larger tenant base and supports occupancy stability. The area s renter-occupied share is around one-third of housing units, suggesting a reasonably deep but not saturated pool of multifamily demand.
The property s 1986 vintage is slightly older than the neighborhood s average construction year, implying potential value-add through interior modernization and selective building systems updates to compete effectively with newer stock. Home values sit in the mid-range for the region; combined with a relatively low value-to-income ratio, ownership is more accessible here than in high-cost markets, which can temper pricing power at the margins. Still, steady rent levels and strong occupancy trends underpin consistent performance for well-managed assets.
Safety indicators are mixed but generally favorable in a national context. Based on WDSuite s data, the neighborhood benchmarks in the safer half nationwide, with property and violent offense rates placing it in upper national percentiles (i.e., comparatively safer than many U.S. neighborhoods). Within the Akron metro, however, its crime rank sits below the metro median (23rd among 180 neighborhoods), indicating comparatively higher incidents than many local peers.
Year-over-year, property-related offenses are trending down, while violent categories show a recent uptick. Investors should underwrite to standard security and lighting improvements and monitor local enforcement and community initiatives, recognizing that trends can shift and block-level conditions vary within any neighborhood.
Nearby employment anchors provide diverse blue- and white-collar demand that supports workforce housing and commute convenience, including rail operations, distribution, and major corporate headquarters for utilities and manufacturing.
- Norfolk Southern Motor Yard rail operations (11.5 miles)
- Home Depot Distribution Center distribution (11.9 miles)
- FirstEnergy utilities (14.1 miles) HQ
- Goodyear Tire & Rubber manufacturing & corporate (14.2 miles) HQ
- Airgas Merchant Gases industrial gases (19.3 miles)
9121 Ranch Rd offers scale at 116 units in a neighborhood that ranks in the top quartile among 180 Akron metro neighborhoods and sustains high occupancy. The 3-mile trade area shows meaningful population and household growth with further expansion expected, supporting a larger renter pool and steady lease-up/retention. According to CRE market data from WDSuite, rent levels align with household incomes, reinforcing demand depth while keeping affordability pressure in a manageable range.
Built in 1986, the asset may benefit from targeted renovations and building systems updates to sharpen competitiveness versus slightly newer local stock. Ownership costs in the area are relatively accessible compared with high-cost markets, which may moderate pricing power; however, strong occupancy and diversified employment access support stable operations for well-managed properties.
- Top-quartile neighborhood positioning in the Akron metro with sustained high occupancy supporting cash flow stability.
- Expanding 3-mile renter base with projected growth in population and households, supporting demand and lease retention.
- 1986 vintage enables a pragmatic value-add plan focused on interiors and selective systems to enhance competitive standing.
- Diverse nearby employers across rail, distribution, utilities, and manufacturing provide multiple demand drivers.
- Risks: locally elevated crime versus some Akron submarkets and relatively accessible ownership may temper rent growth; prudent security and rent-setting strategies are advisable.