| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 74th | Best |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1454 Timber Trl, Akron, OH, 44313, US |
| Region / Metro | Akron |
| Year of Construction | 1974 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1454 Timber Trl Akron Value-Add Multifamily
Neighborhood occupancy sits in the top third nationally while renter demand is supported by a high renter-occupied share, according to WDSuite’s CRE market data. This positioning suggests stable cash flow potential with room to enhance performance through targeted operations and capital planning.
Located in Akron’s inner-suburb context, the neighborhood posts a 94% occupancy rate that is competitive nationally (top third) and roughly around the metro median, based on CRE market data from WDSuite. The area also shows a high renter-occupied share of housing units, indicating a deeper tenant base that can support leasing stability and reduce downtime between turns.
Construction trends skew newer locally (average 1984), while this asset’s 1974 vintage is older than the neighborhood norm—an indicator of potential value-add and selective capex to modernize systems and finishes for improved competitive positioning. Median contract rents in the neighborhood have risen over the past five years, and a rent-to-income ratio around 0.18 suggests relatively manageable affordability pressure, which can support retention and steady collections.
Within a 3-mile radius, population and households have grown in recent years, and forecasts point to continued population growth and additional household expansion by 2028. This broadens the prospective renter pool and supports occupancy stability over the medium term. The local workforce skews well-educated relative to many U.S. neighborhoods, adding depth for professionally oriented renter segments.
Amenity access is mixed: park access ranks above many areas nationally, while cafes, childcare, and pharmacies are thinner. Grocery and restaurants are present but not dense compared with top-tier urban nodes. For investors, this mix supports dependable day-to-day needs while leaving room for residents to travel short distances for greater variety—typical of inner-suburban living in the Akron metro.
Safety indicators are mixed relative to the region and nation. The neighborhood’s crime rank is slightly below the Akron metro median (rank 84 out of 180 metro neighborhoods), and national percentiles indicate safety that trails many U.S. neighborhoods. However, property offenses have declined year over year, a constructive directional signal to watch alongside local enforcement and community initiatives.
Investors should underwrite prudent security measures and monitor submarket trends rather than block-level assumptions. Maintaining good lighting, access controls, and resident engagement can support retention and limit non-revenue events in line with comparable Akron neighborhoods.
Proximity to major employers supports a broad workforce renter base and commute convenience, including utilities, manufacturing, logistics, and consumer goods anchors listed below.
- FirstEnergy — utilities (5.0 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (7.5 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (13.3 miles)
- Home Depot Distribution Center — logistics (17.0 miles)
- J.M. Smucker — consumer goods (23.0 miles) — HQ
The asset’s submarket shows solid occupancy performance—competitive nationally and near the metro median—paired with a high share of renter-occupied housing units, signaling durable depth of demand. According to WDSuite’s commercial real estate analysis, rent levels and a rent-to-income ratio near 0.18 point to manageable affordability pressure that can aid lease retention and predictable collections. The 1974 vintage is older than the local average, creating clear value‑add and targeted capex opportunities to improve unit quality and operating efficiency versus newer stock.
Within a 3‑mile radius, recent gains in population and households, alongside forecasts for additional growth by 2028, expand the prospective tenant base. Nearby anchors across utilities, manufacturing, logistics, and consumer goods reinforce employment access, while inner‑suburban amenities offer everyday convenience even if lifestyle density is lighter than core urban nodes.
- Competitive neighborhood occupancy with high renter-occupied share supports leasing stability
- 1974 vintage offers value‑add and capex pathways to enhance performance versus newer stock
- Manageable rent-to-income dynamics bolster retention and collections potential
- Growing 3‑mile population and households expand the renter pool over the medium term
- Risks: safety performance slightly below metro leaders and lighter amenity density than core urban areas