| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 72nd | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1885 Beechwood Ave NE, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1986 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1885 Beechwood Ave NE, North Canton Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy at the neighborhood level, according to WDSuite’s CRE market data. For investors, the submarket’s renter concentration and accessible rents support stable operations with room for value-add execution.
Rated A and ranked 13 out of 132 metro neighborhoods, this Inner Suburb location sits in the top quartile among Canton–Massillon neighborhoods. At the neighborhood level, occupancy trends are above the metro median, which typically supports steadier leasing and fewer costly vacancies for professionally managed assets.
Amenity access is mixed: restaurants are comparatively dense (competitive within the metro and above national averages), while cafes, groceries, parks, and pharmacies are sparse within the immediate neighborhood. Childcare access rates well versus local peers, which can help retain longer-term renters. Investors should underwrite modest convenience trade-offs but expect demand support from nearby services and regional retail nodes.
Renter-occupied share in the neighborhood is elevated relative to local and national benchmarks, indicating a deeper tenant base for multifamily. Median contract rents sit near the national midpoint, and the neighborhood’s rent-to-income ratio suggests manageable affordability pressure—conditions that can aid retention and measured pricing power rather than aggressive lease-up assumptions.
Demographic statistics aggregated within a 3-mile radius show households have grown even as population edged down, implying smaller household sizes and a broader renter pool over time. Forecasts point to renewed population growth and continued household expansion, which generally supports occupancy stability and absorption for well-located properties.
The property’s 1986 vintage is slightly older than the neighborhood average year built. Investors should plan for targeted capital expenditures and consider value-add upgrades to kitchens, baths, and building systems to improve competitive positioning against newer stock while taking advantage of existing unit sizes.
Home values in the neighborhood are mid-range for the region. In practice, this creates a high-cost ownership context for some households and tends to sustain rental demand, helping support lease retention and stable occupancy for quality multifamily assets.
Comparable safety insights for this neighborhood were not available in WDSuite’s dataset at the time of publication. Investors should supplement with local diligence, reviewing recent trend reports and speaking with property managers and public sources to understand neighborhood-level patterns rather than block-specific anecdotes.
Regional employment anchors within commuting range help support renter demand and retention, particularly among workforce and professional tenants. Notable nearby employers include Erie Insurance Group, Goodyear Tire & Rubber, FirstEnergy, J.M. Smucker, and International Paper Company.
- Erie Insurance Group — insurance (3.9 miles)
- Goodyear Tire & Rubber — manufacturing & corporate (11.8 miles) — HQ
- FirstEnergy — utilities & corporate (14.2 miles) — HQ
- J.M. Smucker — consumer goods & corporate (19.1 miles) — HQ
- International Paper Company — packaging & paper (28.0 miles)
1885 Beechwood Ave NE offers 55 units in an A-rated neighborhood that performs in the top quartile locally, with neighborhood-level occupancy above the metro median. According to CRE market data from WDSuite, the area’s elevated renter-occupied share and mid-range rents point to a durable tenant base and manageable affordability pressure—factors that can backstop steady cash flow for well-managed multifamily.
Built in 1986, the asset may benefit from targeted renovations and system upgrades to sharpen its competitive stance versus slightly newer stock. Within a 3-mile radius, households have increased and are projected to grow further, supporting a larger renter pool and consistent leasing, while nearby employers provide additional demand depth.
- Top-quartile neighborhood with above-median occupancy supporting leasing stability
- Elevated renter-occupied share and mid-range rents underpin a broad tenant base
- 1986 vintage presents value-add potential through targeted interior and system upgrades
- 3-mile household growth and proximity to regional employers reinforce demand
- Risks: lighter neighborhood amenity mix and aging systems require prudent CapEx planning