| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1660 Beechwood Ave NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 2024-09-24 |
| Transaction Price | $1,525,000 |
| Buyer | XK HOLDINGS LLC |
| Seller | SB TREETOP APARTMENTS LLC |
1660 Beechwood Ave NE, North Canton 20-Unit Multifamily
Neighborhood occupancy trends sit near the metro median while renter-occupied share is elevated for the neighborhood, supporting demand durability and lease stability, according to WDSuite’s CRE market data. Favorable rent-to-income dynamics suggest room for disciplined rent management without overextending tenants.
Rated A and ranked 13th of 132 Canton–Massillon neighborhoods, this inner-suburb location sits in the top quartile locally, signaling competitive fundamentals versus the metro. Restaurant density is competitive among Canton–Massillon neighborhoods (ranked 11 of 132), though immediate café, grocery, park, and pharmacy counts are thinner, suggesting residents rely on broader retail corridors a short drive away.
The neighborhood’s renter-occupied share is 45.6% (ranked 14 of 132), indicating a comparatively deep tenant base for multifamily. Neighborhood occupancy is near the metro median, which typically supports stable leasing conditions rather than aggressive vacancy-driven concessions.
Construction in the area averages 1989, while the property was built in 1979. The older vintage points to potential value-add through selective renovations and capital planning, with the opportunity to improve competitive positioning against slightly newer stock.
Within a 3-mile radius, household counts have increased while average household size has edged down, expanding the number of households even with relatively flat population. Forecasts point to further household growth by 2028 and decreasing household size, which generally supports a larger tenant base and demand for smaller units — a practical fit with an average unit size around 670 square feet. Median home values are elevated for the region, and with a rent-to-income ratio near 0.15 at the neighborhood level and a moderate value-to-income ratio, the ownership landscape and income profile can sustain rental demand and aid retention.
WDSuite does not provide neighborhood-level crime rankings for this location in the current release. Investors typically benchmark local conditions against metro and citywide trends, review historical patterns, and incorporate property-level security measures into underwriting rather than relying on block-by-block anecdotes.
Practical steps often include comparing reported trends with similar inner-suburb neighborhoods, assessing visibility and lighting, and confirming any recent improvements or community initiatives that may influence resident perception and leasing stability.
Proximity to a diversified set of regional employers supports a broad renter pool and commute convenience for workforce tenants, including insurance, manufacturing, utilities, and consumer goods firms listed below.
- Erie Insurance Group — insurance (3.7 miles)
- Goodyear Tire & Rubber — manufacturing (12.0 miles) — HQ
- FirstEnergy — utilities (14.3 miles) — HQ
- J.M. Smucker — consumer goods (19.1 miles) — HQ
- International Paper Company — packaging & materials (27.9 miles)
This 20-unit asset in North Canton benefits from a neighborhood ranked in the top quartile locally, a comparatively high renter concentration, and occupancy trends near the metro median — a combination that supports steady leasing. The 1979 vintage introduces clear value-add and capital planning angles to strengthen competitive standing against slightly newer nearby stock.
Household growth within a 3-mile radius and smaller average household sizes point to renter pool expansion and demand for efficient floor plans. Balanced affordability — with neighborhood-level rent-to-income near 0.15 — can underpin retention, while elevated regional home values help sustain multifamily reliance. These dynamics are consistent with signals seen in WDSuite’s commercial real estate analysis for this neighborhood.
- Top-quartile neighborhood among 132 metro peers supports tenant demand and leasing stability
- 1979 vintage presents value-add potential through targeted renovations and system upgrades
- Renter-occupied share is comparatively high in the neighborhood, deepening the tenant base
- 3-mile household growth and smaller household sizes align with demand for smaller units
- Risk: limited immediate retail mix may require emphasizing access to broader corridors and amenity upgrades