| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 69th | Best |
| Amenities | 9th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3795 Mount Pleasant St NW, North Canton, OH, 44720, US |
| Region / Metro | North Canton |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | 2019-07-30 |
| Transaction Price | $625,000 |
| Buyer | MOUNT PLEASANT PROPERTY LLC |
| Seller | SUNSET MT PLEASANT LTD |
3795 Mount Pleasant St NW, North Canton Multifamily
Stabilized neighborhood fundamentals and a low rent-to-income profile point to steady tenancy, according to WDSuite’s CRE market data.
Located in a suburban pocket of North Canton within the Canton–Massillon metro, the neighborhood is rated A- and ranks 30 out of 132 metro neighborhoods, making it competitive among Canton–Massillon neighborhoods. Neighborhood occupancy is exceptionally strong and ranks first of 132 in the metro with a top national percentile, indicating stable housing demand at the neighborhood level rather than at this specific property.
Vintage matters for underwriting: the property was built in 1972, while the neighborhood s average construction year is 1991 (rank 6 of 132). The older vintage suggests capital planning for systems and interiors, with potential value-add or renovation upside to sharpen competitive positioning against newer stock.
Household incomes in the neighborhood sit in a high national percentile and the rent-to-income ratio is low (93rd percentile nationally for favorable affordability). For investors, this combination supports retention and reduces near-term affordability pressure, though it may limit outsized pricing power versus higher-cost submarkets.
Livability leans car-oriented. Amenity density scores in the lower national percentiles with limited cafes, parks, and childcare within the immediate neighborhood, while grocery access is moderate relative to the metro (rank 56 of 132). Investors should expect residents to rely on nearby corridors for daily needs, which aligns with typical suburban leasing patterns.
Tenure mix indicates a modest renter concentration: the neighborhood shows roughly one-quarter renter-occupied units, implying a defined but not dominant renter base. For multifamily, this points to steady demand from households preferring professionally managed apartment options without oversaturation.
Demographics within a 3-mile radius show households increasing even as average household size trends smaller, signaling a larger tenant base forming over time. Forecasts point to rising household counts and higher median incomes, which can support occupancy stability and measured rent growth as more income-qualified renters enter the market.
Neighborhood-level crime metrics are not available in WDSuite for this area. Without comparable rank or percentile data against the 132 Canton Massillon neighborhoods, investors should evaluate local law enforcement reports and property-level history to contextualize resident experience and operational practices. Framing safety in terms of submarket trends and management controls is advisable when underwriting.
Regional employment anchors span insurance, manufacturing, utilities, and consumer goods, supporting a diverse renter base and commute convenience for workforce tenants.
- Erie Insurance Group insurance (4.3 miles)
- Goodyear Tire & Rubber manufacturing (10.9 miles) HQ
- FirstEnergy utilities (13.3 miles) HQ
- J.M. Smucker consumer goods (18.6 miles) HQ
- International Paper Company packaging & paper (27.4 miles)
A 24-unit, 1972-built asset in a competitive North Canton neighborhood benefits from metro-leading neighborhood occupancy and a low rent-to-income profile, supporting durable tenancy and cash flow visibility. According to CRE market data from WDSuite, the neighborhood ranks first out of 132 metro neighborhoods for occupancy, reinforcing demand stability at the neighborhood level. The older vintage creates a clear path for value-add upgrades to improve finishes and operating efficiency versus the area s newer average stock.
Within a 3-mile radius, household counts are projected to grow as household sizes decline, effectively expanding the renter pool and supporting leasing resilience. High neighborhood incomes with favorable affordability suggest retention strength, while the car-oriented amenity pattern indicates the property competes on functionality and price point more than lifestyle adjacency.
- Metro-leading neighborhood occupancy supports leasing stability and visibility
- 1972 vintage offers value-add and building-systems modernization upside
- High incomes and low rent-to-income ratios bolster retention and reduce turnover risk
- 3-mile household growth with smaller household sizes expands the renter base over time
- Risk: lower amenity density and car dependence may temper premium pricing versus lifestyle nodes