| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 35th | Poor |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1180 Rentar Ln, Akron, OH, 44307, US |
| Region / Metro | Akron |
| Year of Construction | 1973 |
| Units | 70 |
| Transaction Date | 2014-12-31 |
| Transaction Price | $1,470,000 |
| Buyer | SPRING HILL 1 2014 LLC |
| Seller | SH 91 LP |
1180 Rentar Ln, Akron OH Multifamily Position
Neighborhood occupancy has trended firmer in recent years and renter demand is supported by a high renter concentration, according to WDSuite s CRE market data. This location offers durable workforce housing appeal with room to optimize operations as the submarket evolves.
The property sits in an Inner Suburb of Akron with a C+ neighborhood rating among 180 metro neighborhoods, indicating a pragmatic, renter-driven location for workforce housing. Neighborhood occupancy is around the metro middle and has improved over the last five years, which supports cash flow stability for well-managed assets.
Renter concentration is high (share of housing units that are renter-occupied), creating a deeper tenant base for a 70-unit community. Median asking rents in the neighborhood trend below national norms yet have advanced meaningfully over the past five years, giving owners scope to balance lease-up velocity with revenue management. Home values in this area are comparatively low for the region, which can increase competition from entry-level ownership; however, rent-to-income levels suggest some affordability pressure that warrants thoughtful lease management and renewal strategies.
Livability is serviceable rather than amenity-rich: groceries are accessible within the neighborhood, while cafes, parks, and pharmacies are limited, pushing residents toward nearby commercial corridors for daily needs. Childcare availability compares favorably within the metro, which can help retention among family renters. School quality data is not available in this dataset.
Within a 3-mile radius, current demographics show a sizable working-age population and a renter share near the neighborhood s level. Looking forward, WDSuite s commercial real estate analysis indicates population and household counts are projected to grow by 2028, pointing to a larger tenant base and additional support for occupancy and leasing stability.
Relative to Akron s 180 neighborhoods, this area reflects below-average safety, with crime measures placing it in a weaker position metro-wide and in lower national percentiles compared with neighborhoods nationwide. For underwriting, investors should assume elevated security and operating oversight needs versus stronger Akron submarkets.
Trend-wise, property offenses have eased year over year, while violent offense indicators ticked up, according to WDSuite s data. That mixed picture suggests maintaining conservative assumptions and focusing on standard risk mitigants such as lighting, access controls, and resident screening, calibrated to actual property-level history.
Proximity to major employers supports commute convenience for a broad workforce tenant base, led by utilities, manufacturing, and consumer products headquarters as well as regional logistics and insurance offices listed below.
- FirstEnergy utilities (1.98 miles) HQ
- Goodyear Tire & Rubber manufacturing (3.92 miles) HQ
- Erie Insurance Group insurance (16.41 miles)
- Norfolk Southern Motor Yard rail & logistics (18.56 miles)
- J.M. Smucker consumer products (18.70 miles) HQ
Built in 1973, the asset is newer than the neighborhood s average vintage, offering relative competitiveness versus older stock while still presenting scope for targeted system upgrades and interior renovations to drive revenue. The immediate area s renter concentration and stabilizing occupancy support day-to-day leasing, while below-national rent levels provide room for measured rent optimization tied to execution and unit quality.
Within 3 miles, population and household counts are projected to rise by 2028, indicating a larger tenant base and potential support for occupancy stability. At the same time, low regional home values can create purchase alternatives, so maintaining a clear value proposition and operational efficiency will be important; based on CRE market data from WDSuite, rent-to-income dynamics also point to careful renewal and pricing strategies to balance retention and NOI growth.
- 1973 vintage offers value-add potential while remaining competitive against older nearby stock
- High renter-occupied share supports a deeper tenant base and leasing stability
- Projected growth in nearby population and households expands demand for rental units
- Below-national rent levels allow measured revenue management tied to renovations and service
- Risks: below-average safety and potential competition from entry-level ownership require prudent underwriting and active management