| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 55th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4440 South Blvd NW, Canton, OH, 44718, US |
| Region / Metro | Canton |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2012-08-14 |
| Transaction Price | $11,750,000 |
| Buyer | WILDCAT V LLC |
| Seller | FEDERAL HOME LOAN MORTGAGE CORPORATION |
4440 South Blvd NW Canton Multifamily Investment
Stabilized renter demand in an amenity-rich inner suburb, according to WDSuite s CRE market data, supports steady operations and measured rent growth potential.
Located in Canton s Inner Suburb, the neighborhood carries an A+ rating and ranks near the top among 132 metro neighborhoods. Restaurant and cafe density is competitive among Canton-Massillon neighborhoods (restaurants ranked 3 of 132; cafes 4 of 132), helping sustain day-to-day convenience and broad lifestyle appeal for renters.
Multifamily fundamentals are balanced: the neighborhood occupancy rate is 90.5% (around the national middle), while the renter-occupied share of housing units is 60.9% (high in the national distribution), indicating a deep tenant base that can support leasing velocity and renewal stability. Median contract rents locally are moderate relative to income (rent-to-income around 0.18), which helps mitigate retention risk while leaving room for selective revenue management as units are refreshed.
Ownership costs are relatively elevated for local incomes (value-to-income ratio ranks 2 of 132 and sits in a higher national percentile), reinforcing reliance on multifamily housing and supporting pricing power at attainable rent levels. By contrast, park access is limited, while grocery and pharmacy access is solid but not a standout factors to consider in positioning and amenity strategies to maintain competitiveness.
Building vintage skews newer in the neighborhood (average 1990), while the subject was built in 1973. For investors, the older vintage points to potential capital planning and value-add upside through targeted renovations to compete effectively with newer stock without over-extending scope.
Demographic statistics aggregated within a 3-mile radius show population and household growth over the past five years with further gains projected, expanding the renter pool and supporting occupancy stability. Income levels in the 3-mile area have also risen, which, alongside forecast rent growth, suggests sustained demand for well-managed, moderately priced units.
Comparable safety metrics for this neighborhood are limited in the current dataset. Investors typically benchmark property performance against city and metro trends and emphasize property-level measures (lighting, access controls, and on-site management) to support resident comfort and retention.
Given the absence of a metro rank or national percentile for crime in the available feed, a prudent approach is to review recent citywide reports and engage local stakeholders to understand trend direction and its implications for marketing and operating strategies.
The area draws from a diversified employment base that supports renter demand and commute convenience, including insurance, manufacturing headquarters, food products headquarters, utilities headquarters, and packaging operations listed below.
- Erie Insurance Group insurance (0.9 miles)
- Goodyear Tire & Rubber tire manufacturing (14.8 miles) HQ
- J.M. Smucker food products (16.2 miles) HQ
- FirstEnergy utilities (16.8 miles) HQ
- International Paper Company packaging (24.8 miles)
4440 South Blvd NW is a 24-unit, 1973-vintage property positioned in an A+ rated Inner Suburb submarket where neighborhood occupancy trends hover around 90.5%. The location offers strong daily-needs access and a renter-leaning housing mix, supporting depth of demand and steady renewals; based on CRE market data from WDSuite, restaurant and cafe density ranks near the top of 132 metro neighborhoods, reinforcing leasing appeal.
The older vintage relative to neighborhood norms (average 1990) suggests clear value-add potential through system updates and unit renovations to sharpen competitive positioning against newer stock. Within a 3-mile radius, population and households have been growing with additional gains projected, pointing to a larger tenant base. Ownership remains relatively high-cost versus incomes locally, which can sustain reliance on rental housing, while rent levels appear manageable relative to incomes favorable for retention and measured rent optimization.
- A+ neighborhood with top-tier amenity access among 132 metro areas supports leasing appeal
- Renter-occupied share is high nationally, indicating demand depth and renewal stability
- 1973 vintage offers value-add upside via targeted renovations versus newer local stock
- 3-mile population and household growth expands the tenant base and supports occupancy
- Risks: mid-pack occupancy and limited park access require focused amenity and asset management