| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 70th | Best |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1102 Sunford Ave SE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1976 |
| Units | 21 |
| Transaction Date | 2022-12-19 |
| Transaction Price | $1,269,700 |
| Buyer | ROSE WOOD APTS PARTNERS II LLC |
| Seller | ROSE WOOD APTS II LLC |
1102 Sunford Ave SE: North Canton Multifamily Value-Add
Neighborhood fundamentals indicate steady occupancy and a durable renter base, according to WDSuite’s CRE market data, supporting a practical hold or renovation strategy for this 1976-vintage asset.
Rated A and competitive among Canton-Massillon neighborhoods, this inner-suburb location ranks 10 out of 132 metro neighborhoods — placing it in the top quartile locally. Dining and daily-needs access are respectable for a suburban setting, with restaurants and cafes performing above national norms while parks and formal childcare options are limited within the neighborhood footprint.
Rent levels in the neighborhood sit below the national midrange while neighborhood occupancy trends are modestly above national midrange, suggesting room for rent optimization without overreliance on aggressive pricing. Renter concentration is around one-third of housing units, which supports a stable tenant base for multifamily while still leaving some competition from ownership.
The property’s 1976 construction is older than the neighborhood’s average vintage (1984, ranked 24 out of 132 metro neighborhoods), signaling typical capital expenditure needs and potential value-add upside through unit and systems modernization. Average school ratings are strong (84th percentile nationally; rank 9 of 132 in the metro), which can reinforce retention for households prioritizing education without implying premium pricing power on its own.
Within a 3-mile radius, recent population growth has been modest while household counts have increased, pointing to smaller household sizes and a gradually expanding renter pool. Looking ahead to the 5-year outlook, forecasts call for incremental population growth and a meaningful increase in households, which typically supports occupancy stability and leasing velocity for well-positioned assets. Elevated home values relative to local incomes are not extreme by national standards, but they do keep multifamily relevant for households seeking more accessible monthly housing costs.
Current neighborhood-level safety metrics are not available from WDSuite for this location. Investors typically contextualize property risk using city and county trends, property-level incident history, and management practices rather than block-level assumptions. A prudent approach includes reviewing recent police reports, insurer guidance, and comparable asset experience in the broader Canton-Massillon area.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably from insurance, manufacturing, utilities, consumer goods, and paper industries: Erie Insurance Group, Goodyear Tire & Rubber, FirstEnergy, J.M. Smucker, and International Paper Company.
- Erie Insurance Group — insurance (2.9 miles)
- Goodyear Tire & Rubber — tire & rubber (14.0 miles) — HQ
- FirstEnergy — electric utility (16.4 miles) — HQ
- J.M. Smucker — consumer foods (19.7 miles) — HQ
- International Paper Company — paper & packaging (28.4 miles)
1102 Sunford Ave SE offers a practical value-add path in an inner-suburban neighborhood that sits in the metro’s top quartile and shows balanced renter demand. The 1976 vintage is older than nearby stock, suggesting scope for interior upgrades and building systems planning, while neighborhood occupancy trends are slightly above national midrange and rents remain comparatively accessible — a combination that can support lease retention and measured rent lifts. Based on CRE market data from WDSuite, household growth in the 3-mile radius and the neighborhood’s solid school ratings further underpin stable absorption for well-managed units.
Affordability appears manageable in this submarket, which can sustain tenant depth; however, accessible ownership costs in the area mean pricing power should be set with an eye to value positioning and finish quality. Limited park and childcare amenities locally argue for thoughtful on-site features and resident services to enhance competitiveness.
- Older 1976 vintage enables clear value-add through renovations and systems upgrades.
- Neighborhood ranks in the local top quartile, with occupancy trends modestly above national midrange supporting stability.
- Growing household counts within 3 miles expand the renter pool and aid leasing velocity.
- Strong school ratings can support retention for family-oriented tenants.
- Risks: potential competition from ownership options and limited nearby parks/childcare — focus on value positioning and on-site amenities.