| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1700 Beechwood Ave NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 1996-02-16 |
| Transaction Price | $760,000 |
| Buyer | DEHOFF AGENCY INC |
| Seller | RIDDLE JAMES A |
1700 Beechwood Ave NE, North Canton Suburban Multifamily With Value-Add Potential
Neighborhood fundamentals point to steady renter demand and manageable affordability, according to WDSuite’s CRE market data, with area occupancy resilient and a sizable renter base supporting lease stability.
The property sits in an Inner Suburb of North Canton within the Canton-Massillon metro, where the neighborhood holds an A rating and ranks 13 out of 132 neighborhoods—competitive among Canton-Massillon neighborhoods. Neighborhood occupancy is measured for the area (not the property) at 93.8%, placing it above the national median and suggesting support for stabilized leasing conditions.
Renter concentration in the neighborhood is 45.6% of housing units, indicating depth in the tenant pool for multifamily operators. Median contract rents in the neighborhood are mid-market for the region, and a rent-to-income ratio around 0.15 signals relatively contained affordability pressure that can aid retention and reduce turnover risk for well-managed assets.
Amenities are mixed: restaurant density is competitive (near the top of the metro distribution), while daily-needs retail such as groceries, pharmacies, and parks are less concentrated within the immediate blocks. Childcare access ranks well in the metro context, which can support workforce households even if residents may travel slightly farther for certain errands. These dynamics are typical for inner-ring suburban nodes that rely on nearby corridors for services.
Within a 3-mile radius, households have grown in recent years despite modest population contraction, pointing to smaller household sizes and an expanding addressable renter base. Forward-looking WDSuite data indicates projected gains in households through 2028 alongside rising median incomes, which supports demand for professionally managed apartments and underpins occupancy stability.
The average construction year in the neighborhood skews to 1989, while this asset was built in 1977. The older vintage can create a clear value-add path through targeted renovations and system upgrades, positioning the property to compete against newer stock while planning for capital needs.
Neighborhood-level safety metrics specific to this area are not published in the current WDSuite release. Investors typically benchmark this Inner Suburb against broader Canton-Massillon patterns and prioritize standard risk controls such as lighting, access management, and tenant screening. Comparative trend review at the metro level can help contextualize leasing expectations without relying on block-level assumptions.
Proximity to established corporate employers supports a stable commuter renter base and underpins weekday demand, notably in insurance, manufacturing, utilities, and food products cited below.
- Erie Insurance Group — insurance (3.8 miles)
- Goodyear Tire & Rubber — tires & rubber manufacturing (12.0 miles) — HQ
- FirstEnergy — electric utility (14.3 miles) — HQ
- J.M. Smucker — food products (19.1 miles) — HQ
- International Paper Company — paper & packaging (27.9 miles)
1700 Beechwood Ave NE is a 24-unit, 1977-vintage asset positioned in a neighborhood with above-median occupancy and a sizable renter-occupied share. Based on commercial real estate analysis from WDSuite, the area’s rent-to-income profile suggests manageable affordability pressure, which supports retention for well-run properties. The asset’s older vintage versus the neighborhood average (1989) points to an actionable value-add plan to enhance competitiveness and capture incremental rent within local constraints.
Within a 3-mile radius, recent household growth alongside smaller average household size expands the prospective renter pool, and forward-looking income gains and rent levels indicate room for disciplined repositioning. While immediate-block amenities are thinner for daily needs, access to restaurants and nearby employment nodes can sustain demand, with underwriting attention warranted for capital planning and amenity strategy.
- Neighborhood occupancy (area-level) above national median supports leasing stability, per WDSuite.
- Renter concentration provides depth in the tenant base and supports consistent absorption for a 24-unit property.
- 1977 vintage offers value-add and capex-driven upside relative to newer nearby stock.
- Household growth and rising incomes within 3 miles point to a larger renter pool and pricing power over time.
- Risks: older systems may require higher near-term capital; thinner immediate daily-needs retail may influence tenant preferences—plan amenities and unit upgrades accordingly.