| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 26th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1278 Brittain Rd, Akron, OH, 44310, US |
| Region / Metro | Akron |
| Year of Construction | 1995 |
| Units | 46 |
| Transaction Date | 2017-09-25 |
| Transaction Price | $1,518,000 |
| Buyer | --- |
| Seller | --- |
1290 Brittain Rd Akron 46-Unit Multifamily
Neighborhood renter concentration and steady occupancy trends support durable demand, according to WDSuite’s CRE market data. Positioning skews toward workforce housing with manageable rent levels, offering defensible leasing performance through cycles.
The property at 1290 Brittain Rd sits in an Inner Suburb of Akron where daily needs are convenient for renters. Neighborhood amenities test competitively versus peers, with cafes and restaurants performing in the top quartile nationally and grocery access also above national norms, while park access trends above average. Gaps exist in pharmacies and childcare within the immediate area, which may modestly affect some family-oriented leasing.
Occupancy in the neighborhood is solid and trends slightly above national averages, and the share of housing units that are renter-occupied is high for the metro (ranked 8 out of 180 Akron neighborhoods). For investors, this elevated renter concentration signals a deep tenant base and supports lease-up and retention, particularly for well-managed workforce product.
The asset’s 1995 vintage is newer than the neighborhood’s older housing stock (average vintage 1950). That relative age typically enhances competitiveness on layouts and systems, while still warranting prudent capital planning for modernization and selective value-add to capture rent premiums.
Within a 3-mile radius, demographics show a stable renter pool: population has edged down modestly in recent years, but household counts have inched higher, reflecting smaller household sizes and supporting unit absorption. Median contract rents in the area remain accessible versus national levels, which can aid occupancy and leasing velocity; however, lower home values in this submarket can introduce incremental competition from ownership, moderating pricing power. School ratings trail national norms, a consideration for targeting family demand segments.
Safety indicators for the neighborhood track below national averages, with violent and property offense measures in lower national percentiles. Recent year-over-year trends show modest declines in both categories, suggesting incremental improvement, but risk remains elevated compared with many U.S. neighborhoods.
For underwriting, this points to the importance of security-forward operations (lighting, access control, and resident engagement) and a focus on tenant screening and retention to sustain performance relative to regional comps.
Proximity to major employers underpins renter demand through commute convenience and a diversified employment base. Notable nearby employers include Goodyear Tire & Rubber, FirstEnergy, Norfolk Southern, Erie Insurance Group, and a Home Depot distribution facility.
- Goodyear Tire & Rubber — manufacturing HQ and corporate (2.7 miles) — HQ
- FirstEnergy — utilities HQ and corporate (2.9 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (16.8 miles)
- Erie Insurance Group — insurance offices (17.3 miles)
- Home Depot Distribution Center — logistics and distribution (19.7 miles)
1290 Brittain Rd offers a mid-sized, 46-unit profile positioned for durable occupancy supported by a renter-heavy neighborhood and accessible rent levels. Based on CRE market data from WDSuite, neighborhood occupancy trends are stable on a national basis, and amenity access is competitive, aiding day-to-day renter appeal. The area’s employment base, led by nearby corporate anchors, strengthens the pool of workforce tenants.
Built in 1995, the property is newer than much of the surrounding housing stock, which can reduce immediate obsolescence risk while leaving room for targeted renovations to drive rent lift. Within a 3-mile radius, household counts are rising despite modest population softness, implying smaller household sizes and steady demand for rental units. Investors should weigh pricing power against local ownership alternatives, and underwrite prudent security measures and leasing management given below-average safety benchmarks and weaker school ratings.
- Renter-heavy neighborhood supports a deep tenant base and occupancy stability.
- 1995 vintage offers relative competitiveness versus older stock with value-add upside.
- Amenity access and proximity to major employers bolster leasing and retention.
- Household growth within 3 miles points to steady multifamily demand despite modest population softness.
- Risks: below-average safety metrics and low-cost ownership options can temper rent growth; emphasize security and targeted renovations.