| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 55th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4643 South Blvd NW, Canton, OH, 44718, US |
| Region / Metro | Canton |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 1993-07-28 |
| Transaction Price | $13,800,000 |
| Buyer | FEDERAL HOME LOAN MORTGAGE CORPORATION |
| Seller | SENIAH CORP |
4643 South Blvd NW, Canton OH Multifamily — Renter Demand Upside
Neighborhood-level renter concentration and steady occupancy signal durable tenant demand, according to WDSuite’s CRE market data. Positioning and management can focus on retention and value-add execution rather than lease-up risk.
The property sits in an Inner Suburb of Canton with an A+ neighborhood rating (ranked 2 out of 132 metro neighborhoods). Amenity access is competitive among Canton neighborhoods: restaurants (ranked 3 of 132) and cafes (ranked 4 of 132) place the area in the top quartile nationally for food-and-beverage density, while grocery access is above the metro median (ranked 34 of 132). These fundamentals support convenience-driven livability that typically helps with leasing velocity and renewal odds.
Construction year for the asset is 1973, while the neighborhood’s average construction year ranks 9 of 132 (newer stock). Being older than much of the local inventory suggests clear value-add and capital planning angles—modernizations can sharpen competitive positioning against newer comparables without relying on outsized rent premiums.
At the neighborhood level, occupancy is stable and renter-occupied share is elevated (renter concentration ranks 5 of 132, top quartile nationally). That depth of the tenant base can translate to steadier demand through cycles. Median contract rent and a rent-to-income ratio around 0.18 indicate manageable affordability pressure relative to many markets, which can aid retention and reduce turnover-related friction for operators.
Demographics within a 3-mile radius point to population growth and an increase in households over the next five years, expanding the potential renter pool. The area skews balanced across age cohorts, with a meaningful share in working-age brackets and a growing family segment—factors that can support occupancy stability. Median and mean household incomes have been rising, and projections call for further gains, which supports achievable rent growth while keeping lease management focused on maintaining affordability alignment.
Comparable neighborhood-level safety benchmarks are not available in this data release. Investors typically triangulate on-the-ground conditions using multiple sources—public records, insurer/lender assessments, and property-level incident history—to contextualize risk and inform security planning.
Nearby corporate employment anchors support commute convenience for residents, led by insurance and manufacturing headquarters within a drivable radius. The employers below represent the most relevant demand drivers for this neighborhood’s renter base.
- Erie Insurance Group — insurance offices (0.9 miles)
- Goodyear Tire & Rubber — manufacturing HQ and corporate (14.6 miles) — HQ
- J.M. Smucker — consumer packaged goods corporate (16.2 miles) — HQ
- FirstEnergy — utilities corporate (16.6 miles) — HQ
- International Paper Company — paper & packaging offices (24.7 miles)
This 24-unit asset’s 1973 vintage offers clear value-add potential in a neighborhood where much of the competitive stock trends newer. Neighborhood-level occupancy is steady and renter concentration is high, helping anchor demand, while local rent levels and a moderate rent-to-income profile support retention strategies over pure price maximization. According to CRE market data from WDSuite, amenity density for dining and cafes is top-tier among Canton neighborhoods, which can aid day-to-day livability and leasing performance.
Within a 3-mile radius, population and household counts are projected to rise, indicating a larger tenant base over the next five years. Rising median incomes and an ownership market with elevated value-to-income ratios suggest sustained reliance on multifamily rentals, reinforcing demand depth for well-managed, updated units. Execution focus should balance renovations, operational efficiency, and affordability alignment to protect occupancy while capturing incremental rent.
- Elevated neighborhood renter concentration supports demand stability and renewals.
- 1973 vintage presents actionable renovation and systems-upgrade upside versus newer comps.
- Top-quartile dining and cafe access among Canton neighborhoods enhances leasing appeal.
- 3-mile radius shows projected population and household growth, expanding the renter pool.
- Risks: older systems capex and competition from newer stock require disciplined renovation pricing and expense control.