| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 77th | Best |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 113 Holl Rd NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1973 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
113 Holl Rd NE North Canton Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data. This setting supports durable income with prudent capital planning rather than aggressive lease-up, aligning with disciplined commercial real estate analysis.
The property sits in a suburban North Canton neighborhood rated A and competitive among the 132 Canton-Massillon neighborhoods, per WDSuite. Neighborhood occupancy trends are strong and in the top quartile nationally, signaling stable leasing conditions at the area level rather than at the asset level.
Built in 1973, the asset predates much of today’s modern systems; investors should underwrite ongoing modernization and selective value-add to maintain competitiveness against newer stock. Local renter concentration is moderate, indicating a sufficient tenant base while still requiring active leasing and renewal management to sustain occupancy.
Livability drivers are balanced: cafes and pharmacies are plentiful relative to national norms, restaurants are competitive, and grocery access is solid. Parks and formal childcare options are limited within the neighborhood footprint, so marketing should emphasize convenience to daily needs and commute routes over green-space access.
Schools rate at the top of the metro (ranked 1 of 132) and top percentile nationally, which can support retention for residents prioritizing education. Home values sit near the middle of national distributions; ownership is not a high-cost barrier here, so multifamily assets compete on convenience, quality, and professional management rather than price alone—an investor consideration for pricing power and renewal strategy.
Demographic statistics aggregated within a 3-mile radius show modest population growth with a larger increase in households and smaller average household sizes. This pattern typically expands the renter pool and supports occupancy stability, with income trends indicating capacity for steady rent levels without overextending affordability.
Comparable safety data for this neighborhood are not available in the current WDSuite dataset. Investors commonly benchmark neighborhood conditions against city and metro trends and supplement with on-the-ground diligence (drive-bys, management interviews) to assess long-term leasing stability.
Nearby corporate employment anchors help sustain renter demand through commute convenience and a diversified white-collar and industrial base. The following employers are representative of the local draw: Erie Insurance Group, Goodyear Tire & Rubber, FirstEnergy, J.M. Smucker, and International Paper Company.
- Erie Insurance Group — insurance services (3.3 miles)
- Goodyear Tire & Rubber — manufacturing & corporate functions (12.5 miles) — HQ
- FirstEnergy — utilities & corporate (14.8 miles) — HQ
- J.M. Smucker — consumer packaged goods (19.0 miles) — HQ
- International Paper Company — paper & packaging (27.8 miles)
This 64-unit asset benefits from a neighborhood with high occupancy and competitive amenities, supporting consistent leasing and renewal potential. Built in 1973, the property likely rewards targeted capex—unit upgrades, common-area refreshes, and systems modernization—to preserve positioning against newer deliveries while maintaining operational efficiency.
According to CRE market data from WDSuite, the neighborhood’s renter base is moderate and schools rank at the top of the metro, aiding retention. Within a 3-mile radius, households are increasing and average household sizes are trending smaller, which expands the tenant base and supports occupancy stability over the medium term. Ownership costs are not especially high for the region, so pricing power will hinge on quality, convenience, and professional management rather than scarcity.
- Strong neighborhood occupancy supporting stable collections
- 1973 vintage with clear value-add and systems-upgrade paths
- Top-rated schools and diversified nearby employers bolster retention
- Household growth in the 3-mile radius expands the tenant pool
- Risk: moderate renter concentration and accessible homeownership require competitive finishes and service to sustain pricing