| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 55th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5948 Fulton Dr NW, Canton, OH, 44718, US |
| Region / Metro | Canton |
| Year of Construction | 1985 |
| Units | 22 |
| Transaction Date | 1995-08-04 |
| Transaction Price | $2,364,000 |
| Buyer | SHAKERTOWN |
| Seller | GRISEZ BROS PROPERTIES |
5948 Fulton Dr NW Canton Multifamily Investment
Positioned in an A+ rated inner-suburb pocket of Canton, the asset benefits from a deep neighborhood renter base and amenity-rich surroundings that support steady leasing, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location with an A+ neighborhood rating and a neighborhood rank of 2 among 132 metro neighborhoods, signaling strong local fundamentals for multifamily. Amenity access is competitive among Canton-Massillon neighborhoods, with cafes and restaurants testing in high national percentiles, which supports daily convenience and lifestyle appeal attractive to renters.
Neighborhood occupancy is around nine-tenths, with a modest softening over the last five years; investors should underwrite to steady but not overheated absorption and emphasize retention. Median contract rents in the neighborhood track on the lower side relative to national distribution, while the rent-to-income ratio around 0.18 suggests manageable affordability pressure that can aid lease stability.
Tenure patterns point to a meaningful renter base: the neighborhood s share of renter-occupied housing units is approximately 60.9%, indicating depth for multifamily demand. By contrast, demographics aggregated within a 3-mile radius show a more owner-weighted mix (about 32% renter-occupied), implying this specific pocket may capture a larger share of the area 19s renters and support occupancy.
Homeownership costs in the neighborhood index higher relative to incomes (value-to-income ratio ranks well nationally), which typically reinforces reliance on rental options and helps sustain renter demand. The property 19s 1985 construction year is slightly older than the neighborhood 19s average vintage (1990), suggesting potential value-add or capital planning opportunities to stay competitive against newer stock.
WDSuite does not provide a specific neighborhood crime rank or national percentile for this location. Investors commonly benchmark safety using metro-level context, property-level incident history, and on-the-ground observations over different times of day. Any security enhancements and lighting/visibility considerations can be assessed during due diligence to support resident retention and leasing.
Nearby employers span insurance, manufacturing, and utilities, supporting a varied workforce and commute convenience for renters. The list below highlights key anchors in proximity: Erie Insurance Group, Goodyear Tire & Rubber, J.M. Smucker, FirstEnergy, and International Paper Company.
- Erie Insurance Group — insurance (1.4 miles)
- Goodyear Tire & Rubber — manufacturing (14.1 miles) — HQ
- J.M. Smucker — food products (15.9 miles) — HQ
- FirstEnergy — utilities (16.0 miles) — HQ
- International Paper Company — paper & packaging (24.5 miles)
This 22-unit asset combines an A+ rated neighborhood position with a renter-heavy local tenure profile and strong amenity access, supporting durable leasing. Neighborhood occupancy holds near 90%, and rents benchmark on the lower side nationally, which, together with a rent-to-income ratio near 0.18, points to manageable affordability pressure that can aid retention. Based on commercial real estate analysis from WDSuite, the area 19s high value-to-income context indicates a higher-cost ownership market that helps sustain multifamily demand.
Built in 1985, the property is modestly older than the neighborhood 19s average vintage, creating clear value-add and capital planning angles to enhance competitive positioning. Demographics aggregated within a 3-mile radius show recent population and household growth with a materially higher-income profile, expanding the potential renter pool over time while supporting measured rent steps if unit finishes and operations align with market expectations.
- A+ neighborhood, rank 2 of 132 in the metro, with competitive amenity access supporting renter appeal
- Renter-occupied share around 61% at the neighborhood level indicates depth of tenant demand
- 1985 vintage offers value-add and CapEx levers to stay competitive versus newer stock
- 3-mile demographics show growth and higher incomes, supporting a broader renter pool
- Risks: slight occupancy softening and limited nearby park access warrant focus on retention and on-site amenities