| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 68th | Best |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2615 Blake Ave NW, Canton, OH, 44718, US |
| Region / Metro | Canton |
| Year of Construction | 1979 |
| Units | 24 |
| Transaction Date | 2024-10-07 |
| Transaction Price | $2,100,000 |
| Buyer | DEBO PROPERTIES - CANTON APARTMENTS LLC |
| Seller | YONA-BLAKE INC |
2615 Blake Ave NW Canton Multifamily Opportunity
Neighborhood occupancy in this suburban Canton pocket remains resilient around the mid‑90s, according to WDSuite’s CRE market data, supporting steady leasing for well-maintained assets. Strong schools and a broad commuter base point to stable renter demand rather than outsized volatility.
The property sits in an A-rated, suburban neighborhood that ranks 20 out of 132 Canton–Massillon metro neighborhoods—top quartile nationally by composite factors. For investors, that typically translates to durable demand drivers and lower operational variability relative to weaker submarkets.
Local livability signals are favorable: parks access ranks 7 of 132 (upper tier in the metro and 87th percentile nationally), and restaurants are competitive among Canton–Massillon neighborhoods (rank 23 of 132). Cafés and pharmacies are thinner immediately nearby, so residents likely rely on grocery and larger retail nodes for daily needs (grocery density ranks 39 of 132).
School quality stands out at the top of the metro (ranked 1 of 132; top national percentile), supporting family-oriented tenancy and longer lease terms. Neighborhood occupancy is above the metro median, with stability over the last five years, which can aid renewal rates and limit downtime for units positioned to local preferences.
Within a 3‑mile radius, demographic statistics indicate a larger tenant base over time, with households increasing recently and projections pointing to further household growth that can expand the renter pool. Median contract rents in the immediate neighborhood sit at the lower end of the metro while the rent‑to‑income ratio is low by national standards, suggesting manageable affordability pressure and potential for disciplined revenue management rather than aggressive concessions.
Ownership costs in the area are comparatively accessible (lower value‑to‑income ratio versus many U.S. neighborhoods), which can introduce some competition from for‑sale housing; however, that same dynamic often supports retention for renters prioritizing school quality and convenience over ownership, as supported by WDSuite’s commercial real estate analysis.
Comparable crime data for this specific neighborhood is not available in WDSuite at this time. Investors typically benchmark conditions using city and county public safety reports and property-level history to understand trend direction relative to nearby Canton–Massillon neighborhoods.
Given the strong school rankings and overall A neighborhood rating, many investors view the immediate area as operationally manageable, but on‑the‑ground diligence—lighting, access control, and coordination with local law enforcement—remains prudent.
Proximity to established employers supports a diversified renter base and manageable commute times for residents, led by insurance, manufacturing, utilities, and consumer goods anchors listed below.
- Erie Insurance Group — insurance (2.4 miles)
- Goodyear Tire & Rubber — tire manufacturing (16.5 miles) — HQ
- FirstEnergy — electric utility (18.7 miles) — HQ
- J.M. Smucker — consumer foods (19.1 miles) — HQ
- International Paper Company — packaging (27.5 miles)
This 24‑unit asset, built in 1979, benefits from a high-performing suburban location where neighborhood occupancy trends are above the metro median and schools rank at the top of the Canton–Massillon area. The vintage suggests competitive positioning versus older nearby stock, while still warranting capital planning for systems and common‑area modernization to capture value‑add upside.
Within a 3‑mile radius, recent increases in household counts and projections for further household growth point to renter pool expansion that can support occupancy stability and steady lease renewals. According to CRE market data from WDSuite, the area’s low rent‑to‑income ratio indicates modest affordability pressure—helpful for retention and revenue management—while comparatively accessible ownership costs may create some competition with for‑sale options, requiring disciplined pricing and asset differentiation.
- Above‑median neighborhood occupancy and top‑ranked schools support stable leasing and renewals.
- 1979 construction offers value‑add potential through targeted unit and systems upgrades.
- Household growth within 3 miles expands the tenant base, aiding occupancy stability.
- Low rent‑to‑income ratio supports retention and pricing discipline rather than concessions.
- Risk: relatively accessible ownership market may temper rent growth without clear amenity and finish differentiation.