| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Poor |
| Demographics | 9th | Poor |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 649 Alan Page Dr SE, Canton, OH, 44707, US |
| Region / Metro | Canton |
| Year of Construction | 1972 |
| Units | 60 |
| Transaction Date | 2012-10-10 |
| Transaction Price | $937,500 |
| Buyer | 2010 CANTON LLC |
| Seller | SOMERSET II PROPERTIES LTD |
649 Alan Page Dr SE Canton Multifamily Investment
Neighborhood-level indicators point to a large renter base and steady, needs-based demand, according to WDSuite’s CRE market data. Focus is on income-resilient operations rather than premium positioning in this Canton, Ohio submarket.
The property sits in an Inner Suburb of the Canton–Massillon metro with a C- neighborhood rating (ranked 121 among 132 metro neighborhoods), signaling value-oriented positioning where execution and expense control matter. The local renter concentration is high, with a large share of housing units renter-occupied at the neighborhood level, supporting depth of tenant demand and ongoing leasing activity.
Amenity access is mixed: grocery coverage is comparatively strong (competitive among Canton–Massillon neighborhoods), and restaurants are more available than in many peer areas, while cafes, parks, and pharmacies are sparse. For family renters, average school ratings in the neighborhood sit below national norms, which may temper demand from some household segments and suggests positioning toward workforce housing.
Vintage matters: built in 1972, the asset is newer than much of the surrounding housing stock (local average construction year is 1953). This tends to improve competitive standing versus older comparables, while still warranting capital planning for aging systems and selective renovations to sustain occupancy and rentability.
Within a 3-mile radius, demographics indicate a stable population today with projections for renter pool expansion over the next five years and an expected increase in households, based on CRE market data from WDSuite. With renter share in the 3-mile area anticipated to edge higher and rents trending upward, the submarket backdrop supports durable multifamily demand, though household budgets remain a key consideration for lease management.
Home values in the immediate neighborhood are low relative to national levels, creating a more accessible ownership market. For investors, that can introduce competition with entry-level ownership but also supports steady demand for well-managed, quality rental options when paired with thoughtful pricing and resident retention strategies.
Neighborhood-specific crime benchmarks are not available in this dataset. Investors typically evaluate safety by comparing neighborhood trends to city and metro patterns over time and by monitoring on-site incident logs and lighting/access controls as part of risk management and leasing strategy.
Nearby employers span insurance, manufacturing, consumer goods, and utilities, supporting a diversified workforce renter base and commute-friendly housing demand for this Canton location.
- Erie Insurance Group — insurance (5.6 miles)
- Goodyear Tire & Rubber — tires & rubber manufacturing (19.9 miles) — HQ
- J.M. Smucker — food & consumer products (21.0 miles) — HQ
- FirstEnergy — electric utility (22.2 miles) — HQ
- International Paper Company — packaging & paper (28.9 miles)
This 60-unit, 1972-vintage asset aligns with workforce housing dynamics in an Inner Suburb of Canton where the neighborhood has a high share of renter-occupied units and amenity access centered on groceries and everyday services. Compared with much older surrounding stock, the property’s vintage can be competitively positioned with targeted upgrades, while neighborhood occupancy trends and a deep renter base support ongoing leasing. According to CRE market data from WDSuite, the 3-mile catchment shows stable population today with projected growth in households and renter share, which reinforces demand for appropriately priced units.
Key considerations include household income sensitivity and below-average school ratings locally, suggesting an operating focus on affordability, service, and retention. Low neighborhood home values can create competition from entry-level ownership, but they also highlight the role of quality rentals for residents prioritizing convenience and professional management.
- 1972 vintage offers competitive edge versus older local stock, with value-add potential via targeted renovations
- High neighborhood renter-occupied share supports depth of tenant demand and leasing stability
- 3-mile area projected household growth and rising renter share underpin sustained multifamily demand
- Mixed amenity profile (strong groceries, fewer parks/cafes) suits workforce positioning and everyday convenience
- Risks: income sensitivity, below-average school ratings, and competition from entry-level ownership require disciplined pricing and retention strategy