| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 22nd | Poor |
| Demographics | 18th | Poor |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1850 S Seneca Ave, Alliance, OH, 44601, US |
| Region / Metro | Alliance |
| Year of Construction | 2009 |
| Units | 57 |
| Transaction Date | 2024-10-30 |
| Transaction Price | $1,500,000 |
| Buyer | PREMIER ALLIANCE OH LLC |
| Seller | ABBINGTON SENIOR APARTMENTS LLC |
1850 S Seneca Ave Alliance Multifamily Investment
Neighborhood shows a majority of renter-occupied housing, supporting a deeper tenant base, according to WDSuite’s CRE market data.
Set within an Inner Suburb of the Canton–Massillon metro, the neighborhood is competitive among Canton–Massillon neighborhoods (ranked 50 of 132). Amenity access trends favor daily convenience, with grocery, parks, cafes, and pharmacies testing in the top quartile nationally by density. These fundamentals help positioning for workforce renters and support day-to-day livability that underpins leasing.
Renter concentration in the neighborhood is elevated (55% of housing units renter-occupied), indicating a broad tenant base and consistent multifamily demand. Median rents benchmark on the lower side locally, and rent-to-income levels suggest limited affordability pressure, which can aid retention while still requiring disciplined pricing strategy.
Occupancy at the neighborhood level trends below the metro average, so operators should plan for thoughtful leasing, amenity activation, and value positioning versus nearby alternatives. The area’s housing stock is older on average, which increases the relative competitiveness of newer assets.
Within a 3-mile radius, recent population and household counts have soft patches but forward-looking projections point to modest stabilization and a slight upturn, with average household size ticking higher—factors that can expand the renter pool over time. According to WDSuite’s multifamily property research, ownership costs are comparatively accessible in this submarket, which can introduce some competition with entry-level homeownership, but also supports value-oriented rental options where convenience and unit quality are clear.
Comparable, neighborhood-level crime benchmarks were not available in WDSuite for this location at the time of publication. Investors should contextualize safety using multiple sources (city reports, police blotters, and property-level history) and assess trends relative to the wider Canton–Massillon metro rather than block-level assumptions.
Nearby employers span insurance, rail operations, tire manufacturing, utilities, and branded consumer goods—providing a diversified employment base that supports renter demand and commute convenience for residents.
- Erie Insurance Group — insurance (18.2 miles)
- Norfolk Southern — rail operations (21.4 miles)
- Goodyear Tire & Rubber — tire manufacturing (22.6 miles) — HQ
- FirstEnergy — utilities (25.3 miles) — HQ
- J.M. Smucker — consumer packaged goods (35.1 miles) — HQ
Built in 2009, this 57-unit asset is newer than much of the surrounding stock, which can enhance competitiveness versus older properties while still warranting mid-life system planning. Elevated renter concentration and amenity access support demand depth, though neighborhood occupancy trends below metro averages call for active leasing strategy and measured rent growth. According to WDSuite’s commercial real estate analysis, the submarket’s relatively modest rent levels and manageable rent-to-income positioning can aid retention, with amenity and unit quality serving as key differentiators.
Within a 3-mile radius, recent softness in population and household counts is expected to stabilize with slight growth, pointing to a steady or expanding tenant base over the medium term. Ownership remains comparatively accessible, which can create competition with entry-level buyers; however, well-managed, convenience-oriented rentals can sustain occupancy and leasing velocity in this context.
- 2009 vintage offers competitive positioning versus older neighborhood stock; plan for mid-life capital needs.
- Elevated renter-occupied share signals a broad tenant base supporting demand depth.
- Strong amenity access (top-quartile national indicators) supports livability and leasing.
- Neighborhood occupancy trails metro averages—requires proactive leasing and value positioning.
- Accessible ownership options may compete with rentals; focus on convenience, unit features, and service to sustain retention.