| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 55th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4543 South Blvd NW, Canton, OH, 44718, US |
| Region / Metro | Canton |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2011-10-20 |
| Transaction Price | $5,400,000 |
| Buyer | FEDERAL HOME LOAN MORTGAGE CORPORATION |
| Seller | SENIAH CORP |
4543 South Blvd NW, Canton OH — 24-Unit Value-Add Multifamily
Positioned in an inner-suburban Canton location with strong neighborhood amenity density and an elevated renter-occupied share, this asset offers stable tenant demand with potential to enhance performance through upgrades, according to WDSuite’s CRE market data.
Located in an A+ rated inner-suburb of the Canton–Massillon metro, the property benefits from a neighborhood that is competitive among 132 Canton–Massillon neighborhoods for overall housing fundamentals. Cafes and restaurants score in the top quartile nationally by density, and ranks near the top of the 132-neighborhood metro set for food-and-beverage access, supporting daily convenience and leasing appeal.
Neighborhood occupancy is roughly in line with national averages, and the local renter-occupied share ranks 5th of 132 in the metro, signaling a deep renter base that supports multifamily absorption and retention. Within a 3-mile radius, recent population and household growth points to a gradually expanding tenant pool, with projections indicating further increases over the next five years—tailwinds for occupancy stability and leasing velocity.
Home values in the neighborhood are elevated relative to incomes (ranked 2nd of 132 in the metro and in a high national percentile), which tends to reinforce reliance on rental housing and support pricing power for well-positioned assets. At the same time, rents trend toward the more accessible side locally, which can mitigate affordability pressure and aid renewal rates—an attractive setup for maintaining cash flow through cycles.
The 1972 construction is older than the neighborhood’s average vintage (1990), suggesting clear value‑add potential through targeted renovations and system upgrades. Investors can underwrite capex to modernize interiors and common areas, positioning the property competitively against newer stock while capturing rent premiums supported by local amenity depth and a sizable renter-occupied base, based on commercial real estate analysis from WDSuite.
Comparable neighborhood-level safety data was not available in the current WDSuite release for this location. Investors typically benchmark conditions against city and metro trends and consider professional on-the-ground diligence to evaluate perceptions, lighting, access control, and property-level measures that support lease retention.
Given the inner-suburban context and amenity concentration, many owners focus on practical risk management: secure entries, camera coverage in common areas, and coordination with local community resources. As always, pair third-party data with site visits and historical incident reviews to frame expectations.
Proximity to regional employers underpins renter demand by shortening commutes and supporting retention. Nearby employment anchors include insurance, manufacturing, and utilities—with several headquarters within driving distance.
- Erie Insurance Group — insurance (0.9 miles)
- Goodyear Tire & Rubber — manufacturing (14.7 miles) — HQ
- J.M. Smucker — food products (16.2 miles) — HQ
- FirstEnergy — utilities (16.7 miles) — HQ
- International Paper Company — paper & packaging (24.7 miles)
This 24‑unit, 1972-vintage asset sits in an A+ rated inner suburb with top‑tier amenity access and a renter-occupied share that ranks near the top of the metro’s 132 neighborhoods—factors that support a durable tenant base and steady absorption. Neighborhood occupancy trends are roughly average nationally, while home values outpacing local incomes bolster reliance on multifamily housing. According to CRE market data from WDSuite, the surrounding 3‑mile area shows recent and projected growth in population and households, expanding the renter pool and supporting leasing stability.
Given its older vintage relative to the neighborhood average, the property presents a practical value‑add thesis: targeted interior updates and building system improvements can improve competitive positioning versus newer stock, with amenity density and commute access aiding marketing and retention. Investors should underwrite routine capex and watch for any softening in neighborhood occupancy, but the combination of expanding renter demand and accessible rent levels supports a balanced long‑term outlook.
- Inner‑suburban A+ location with top‑quartile food & beverage access supporting leasing appeal
- Elevated neighborhood renter-occupied share (5th of 132) indicating deep tenant base
- Older 1972 vintage offers clear value‑add and capex-driven upside versus newer comparables
- 3‑mile demographics point to population and household growth, supporting occupancy stability
- Risks: modest softening in neighborhood occupancy and age-related capital needs