| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 29th | Poor |
| Demographics | 39th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3846 11th St SW, Canton, OH, 44710, US |
| Region / Metro | Canton |
| Year of Construction | 1997 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3846 11th St SW Canton Multifamily Opportunity
Neighborhood occupancy trends sit in the upper-80s and a renter concentration around two-fifths suggest a stable tenant base in this Inner Suburb, according to WDSuite’s commercial real estate analysis. The property’s mid-size unit count supports operational efficiency while aligning with workforce demand in western Canton.
This Inner Suburb location rates above the metro median among 132 Canton–Massillon neighborhoods, with daily needs well served by retail and food options. Grocery access is especially strong (competitive locally and top quartile nationally), and cafes and restaurants also benchmark in the upper tiers nationwide, supporting convenience-driven renter appeal. Limited parks and pharmacies nearby mean on-site amenities and services may play a larger role in retention.
The asset was built in 1997, materially newer than the neighborhood's older housing stock (average vintage mid-20th century). That positioning can be competitive versus legacy properties while still warranting targeted systems modernization or common-area refresh to maintain leasing performance.
Tenure patterns point to depth of demand: renter-occupied housing accounts for roughly two-fifths of neighborhood units, and within a 3-mile radius the renter share is similar today with projections indicating an increase through the next five years. This supports a broader tenant funnel and potential occupancy stability, even as leasing remains price-sensitive.
Within a 3-mile radius, recent population edged down modestly in the last five years, but forecasts indicate growth ahead and a notable increase in households—expanding the addressable renter pool. Median home values in the immediate neighborhood are comparatively low for the region, which can introduce some competition from ownership; however, rents benchmark on the accessible side and rent-to-income levels suggest manageable affordability pressure that can aid retention and reduce turnover risk. These dynamics reflect a workforce-oriented location, based on CRE market data from WDSuite.
Safety indicators are mixed. Violent-offense measures compare favorably to neighborhoods nationwide (top decile nationally), while property-offense data show a recent year-over-year increase. At the metro level, the area performs around the middle of the pack among 132 neighborhoods. Investors typically address this balance with practical measures—lighting, access control, and visible management presence—to support resident confidence and lease retention.
Proximity to established employers underpins workforce housing demand and commute convenience, including insurance and manufacturing anchors as well as regional utilities that support steady hiring.
- Erie Insurance Group — insurance (3.9 miles)
- J.M. Smucker — food manufacturing (18.4 miles) — HQ
- Goodyear Tire & Rubber — tire & rubber manufacturing (18.7 miles) — HQ
- FirstEnergy — electric utility (20.7 miles) — HQ
- International Paper Company — paper products (26.3 miles)
3846 11th St SW offers a mid-1990s vintage (1997) in a neighborhood dominated by older stock, creating a competitive position on unit finishes and systems relative to many local comparables. Neighborhood renter concentration around two-fifths and grocery/restaurant density in the top tiers nationally contribute to everyday convenience and a broad tenant funnel. According to CRE market data from WDSuite, neighborhood occupancy trends in the upper-80s and accessible rent levels indicate potential for steady leasing with disciplined rent management.
Forward-looking demographics within a 3-mile radius point to household growth and an expanding renter pool, which can support occupancy stability. Key watch items include limited nearby parks/childcare, recent upticks in property-related offenses, and ongoing competition from relatively accessible home ownership; focused amenity programming, security investments, and value-oriented unit renovations can mitigate these pressures.
- 1997 construction competes well versus older neighborhood stock; plan selective modernization for longevity.
- Strong everyday convenience (grocery/cafe/restaurant density) supports leasing velocity and retention.
- Upper-80s neighborhood occupancy and accessible rents point to stable operations with disciplined pricing.
- 3-mile outlook shows rising households, expanding the tenant base and supporting occupancy.
- Risks: recent uptick in property offenses, limited parks/childcare, and competition from ownership options.