| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1880 Beechwood Ave NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1984 |
| Units | 22 |
| Transaction Date | 1997-01-31 |
| Transaction Price | $1,045,900 |
| Buyer | DEBO PROPERTIES-CANTON APARTMENTS LLC |
| Seller | FREEDOM INVESTMENT INC |
1880 Beechwood Ave NE, North Canton Multifamily Investment
Neighborhood occupancy trends are steady and renter concentration is high for the area, according to WDSuite’s CRE market data, supporting durable leasing fundamentals. Competitive ownership costs and small household sizes point to a stable tenant base rather than short-term churn.
Located in an inner-suburb setting of North Canton, the neighborhood carries an A rating and ranks 13 out of 132 metro neighborhoods—competitive among Canton–Massillon submarkets and above the metro median. Neighborhood occupancy sits above the national median, and renter-occupied housing accounts for a sizable share of units (ranked in the higher national percentiles), signaling depth in the tenant pool and support for rent rolls through cycles.
Dining access is comparatively strong: restaurant density is in the higher national percentiles, while immediate walkable options for cafes, groceries, parks, and pharmacies are limited. For investors, that mix often translates to drive-to convenience while relying less on foot-traffic amenities, which can support workforce housing appeal without premium retail adjacencies.
Housing and demographics reinforce demand. Neighborhood home values rank in the top quartile among 132 metro neighborhoods, and rent-to-income sits near national mid-range, implying manageable affordability pressure that can aid retention and pricing discipline. Within a 3-mile radius, demographics show smaller household sizes and a meaningful share of college-educated residents, widening the renter profile for one- and two-bedroom product and supporting occupancy stability.
Vintage context matters: the property’s 1984 construction predates the neighborhood’s average vintage (late-1980s). That age difference often introduces value-add pathways—from interior modernization to common-area refresh—while remaining competitive against older stock across the metro.
Neighborhood-level safety metrics specific to this location are not available in the current WDSuite release. Investors typically benchmark incidents versus metro and national patterns to gauge relative risk and leasing impact; absent verified figures, a prudent approach is to review recent trend data at the neighborhood and city level and incorporate lender and insurance perspectives for underwriting.
Proximity to established employers underpins commuter demand and supports resident retention. Key nearby employment nodes include insurance, manufacturing, utilities, and consumer goods offices noted below.
- Erie Insurance Group — insurance (3.9 miles)
- Goodyear Tire & Rubber — manufacturing (11.8 miles) — HQ
- FirstEnergy — utilities (14.2 miles) — HQ
- J.M. Smucker — consumer goods (19.2 miles) — HQ
- International Paper Company — paper & packaging (28.0 miles)
This 22-unit, 1984-vintage asset is positioned in a competitive North Canton neighborhood where occupancy trends are solid and renter concentration is high relative to national peers. Based on CRE market data from WDSuite, the area’s rent-to-income sits near the national mid-range, which supports pricing power without overextending affordability, while smaller household sizes expand the addressable renter base for conventional unit mixes.
The building’s vintage is slightly older than the neighborhood average, creating a clear value-add narrative through targeted renovations and system updates that can enhance rent positioning against comparable 1980s stock. Within a 3-mile radius, households have expanded even as average household size declines, a pattern that typically supports renter pool expansion and occupancy stability over the medium term.
- Competitive inner-suburb location with above-median occupancy and strong renter-occupied share supporting stable demand
- 1984 vintage offers value-add and modernization upside versus late-1980s neighborhood stock
- Rent-to-income near national mid-range aids retention and disciplined rent growth management
- Diverse nearby employers bolster commuter-driven tenancy and lease stability
- Risks: limited immediate walkable retail and aging building systems may require capex and thoughtful amenity strategy