| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 76th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6666 Casper Dr NW, Canton, OH, 44718, US |
| Region / Metro | Canton |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | 2021-11-30 |
| Transaction Price | $1,945,000 |
| Buyer | CASPER APARTMENTS LLC |
| Seller | SUNSET SQUARE NO 2 LTD |
6666 Casper Dr NW Canton Multifamily Investment
Neighborhood fundamentals point to durable renter demand and room for rent growth relative to incomes, according to WDSuite’s CRE market data. The area’s A-rated profile and solid occupancy at the neighborhood level support an income-focused, operational execution thesis.
Located in a suburban pocket of Canton-Massillon, the neighborhood posts an A rating and ranks 16 out of 132 metro neighborhoods, making it competitive among Canton-Massillon neighborhoods based on CRE market data from WDSuite. Neighborhood occupancy is in a healthy range and near metro norms, which supports income stability for well-managed assets.
Livability signals skew positive for families and professionals. Average public school ratings are in the top quartile nationally (94th percentile), a differentiator for retention. Cafes rank 17 of 132 and groceries 48 of 132 within the metro, indicating everyday convenience; restaurants are present at a moderate level. Parks, pharmacies, and dedicated childcare options are thinner locally, so property-level amenities and services may play a larger role in competitiveness.
Within a 3-mile radius, demographics show a growing tenant base: population and households have expanded over the past five years, with projections through 2028 indicating further population growth and a sizable increase in households. The current renter-occupied share is about one-quarter of housing units in this 3-mile area, suggesting a meaningful but not saturated renter pool that can support lease-up and renewal activity.
Home values in the neighborhood are elevated relative to many Midwestern submarkets, while the rent-to-income ratio benchmarks low. For investors, this combination tends to reinforce reliance on multifamily housing and provides pricing power levers without overextending tenants. Median contract rents remain accessible in context, which can support occupancy and reduce turnover risk versus costlier ownership alternatives.
Vintage context: the property was built in 1973, older than the neighborhood’s average construction year (1991). That gap points to practical value-add and capital planning opportunities—modernizing interiors, systems, and common areas to compete effectively against newer stock while leaning on the area’s income depth and household formation for absorption.
Comparable, neighborhood-level crime data are not available in WDSuite for this location, so investors should benchmark property security measures and incident trends against Canton-Massillon peers and owner portfolios. Given strong school ratings and stable occupancy at the neighborhood level, operators often emphasize lighting, access controls, and resident engagement to support leasing and retention; verify these on-site during diligence.
Proximity to a diversified employment base supports commuter convenience and renter retention, led by insurance, manufacturing, utilities, and consumer goods employers listed below.
- Erie Insurance Group — insurance (2.6 miles)
- Goodyear Tire & Rubber — manufacturing (12.6 miles) — HQ
- FirstEnergy — utilities (14.5 miles) — HQ
- J.M. Smucker — consumer goods (15.7 miles) — HQ
- International Paper Company — paper & packaging (24.4 miles)
This 20-unit, 1973-vintage property aligns with a fundamentals-first strategy: stable neighborhood occupancy, a renter pool supported by household growth within a 3-mile radius, and a high-cost ownership environment that sustains multifamily demand. Older vintage versus the neighborhood average (1991) creates actionable value-add angles—interiors, energy systems, and amenities—to enhance competitive positioning against newer stock.
According to CRE market data from WDSuite, the area’s A-rated standing, strong school quality, and low rent-to-income benchmarks point to durable leasing and renewal potential, while still allowing disciplined rent management. Forward-looking demographics indicate more households entering the market by 2028, expanding the tenant base and supporting occupancy resilience, provided operators maintain product relevance and service quality.
- A-rated neighborhood with stable occupancy supports income durability
- 1973 vintage offers clear value-add and capex-driven upside versus newer competition
- Elevated ownership costs and low rent-to-income ratios reinforce renter reliance
- 3-mile population and household growth expand the renter pool through 2028
- Risks: aging systems require capital planning; thinner nearby parks/childcare may shift emphasis to on-site amenities