| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 70th | Best |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1113 N Main St, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1983 |
| Units | 57 |
| Transaction Date | 2013-05-02 |
| Transaction Price | $3,300,000 |
| Buyer | WILDCAT IX LLC |
| Seller | TRITEX REAL ESTATE ADVISORS INC |
1113 N Main St, North Canton OH Multifamily Investment
Neighborhood occupancy is high and has held firm, supporting stable renter demand, according to WDSuite’s CRE market data. This inner-suburb location offers a balanced mix of amenities and schools that can underpin retention without relying on premium rent positioning.
Positioned in North Canton’s inner-suburban fabric, the property benefits from neighborhood fundamentals that rank near the top of the Canton–Massillon metro. The neighborhood is rated A+ and ranks 3 out of 132 metro neighborhoods, signaling strong comparative livability for renters and employees alike.
Amenity access is a local strength: grocery (ranked 11 of 132; 84th percentile nationally), pharmacies (13 of 132), restaurants (6 of 132), and parks (5 of 132) are competitive, while cafes are limited. For investors, this mix supports everyday convenience that can aid lease retention even if the area does not skew toward destination retail.
Neighborhood occupancy is elevated (95th percentile nationally) and above the metro median, a constructive backdrop for stabilized operations. Median asking rents in the neighborhood index below national norms (36th percentile), and the rent-to-income ratio sits around the national midpoint, which together suggest manageable affordability pressure and room for disciplined rent management rather than aggressive premium positioning.
Schools average 4.0 out of 5 and rank 9 of 132 metro neighborhoods (84th percentile nationally), a positive signal for family-oriented renters. Tenure data indicates about 37% of housing units are renter-occupied, pointing to a moderate renter concentration and a stable, diversified housing base that can support multifamily demand without excessive turnover risk.
Demographic indicators within a 3-mile radius show recent population growth alongside a 6.6% increase in households, with WDSuite projecting further household gains by 2028. A gradual shift toward smaller average household sizes also aligns with consistent demand for smaller formats, which can help sustain occupancy during cycles.
Home values in the neighborhood sit below national medians (22nd percentile), creating a relatively accessible ownership market. For investors, that can introduce some competition with entry-level ownership; however, it also supports steady workforce demand for well-managed, conveniently located rentals where mobility, maintenance simplicity, and flexibility matter.
Comparable crime metrics for this neighborhood are not available in WDSuite’s current dataset. Investors typically benchmark property risk using city and county trend series, insurance guidance, and on-site measures (lighting, access control, and visibility) to contextualize neighborhood conditions over time.
Given the strong relative standing of the neighborhood across other indicators, a prudent approach is to pair regional crime trend reviews with property-level security audits and resident feedback to inform underwriting assumptions.
The employment base nearby skews toward insurance, manufacturing corporate, utilities, and consumer brands, supporting renter demand through diverse white-collar and skilled roles. Notable employers within commuting reach include Erie Insurance Group, Goodyear, FirstEnergy, J.M. Smucker, and International Paper.
- Erie Insurance Group — insurance (3.2 miles)
- Goodyear Tire & Rubber — corporate/manufacturing (12.3 miles) — HQ
- FirstEnergy — utilities (14.6 miles) — HQ
- J.M. Smucker — food & consumer products (18.7 miles) — HQ
- International Paper Company — packaging & paper (27.5 miles)
Built in 1983, this 57-unit asset is slightly newer than the neighborhood’s average vintage, offering a competitive position versus older stock while leaving room for targeted value-add and systems modernization. Neighborhood occupancy ranks in the top decile nationally and above the metro median, indicating a favorable backdrop for stabilized performance, according to CRE market data from WDSuite. Rents benchmark below national levels with a mid-range rent-to-income profile, supporting a strategy focused on steady retention and operational efficiency rather than outsized premiums.
Within a 3-mile radius, households have grown and are projected to expand further by 2028, broadening the tenant base. Strong local amenities (especially groceries, restaurants, and parks) and well-rated schools add to day-to-day livability, while a moderate renter concentration suggests durable demand without overreliance on transient tenants. The local ownership market is more accessible by national standards, which may introduce some competition with entry-level purchases, but it also keeps multifamily relevant for renters prioritizing flexibility and convenience.
- High neighborhood occupancy and stable renter demand backdrop
- 1983 vintage offers competitive positioning with selective value-add potential
- Amenity-rich area and strong schools support retention and leasing velocity
- Mid-range rent-to-income profile favors steady operations over aggressive premiums
- Risk: more accessible ownership options can compete with leasing; manage with service quality and unit upgrades