| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 47th | Fair |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Newton St, Akron, OH, 44305, US |
| Region / Metro | Akron |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1900 Newton St Akron Multifamily Investment Outlook
Stabilizing renter demand and above-median neighborhood occupancy point to durable income potential near Akron s major employment nodes, according to WDSuite s CRE market data.
Located in an Inner Suburb of Akron (neighborhood rating C+), the area shows occupancy that is above the metro median and in the top third nationally for stability. Neighborhood occupancy stands at 94.4%, and the renter-occupied share is 44.1% of housing units, indicating a meaningful tenant base for multifamily leasing and renewal strategies.
Amenity access is mixed: grocery density is competitive among Akron neighborhoods (rank 13 of 180; high national standing), while cafes, parks, and pharmacies are limited locally. Restaurant coverage is better than average for the metro and solid versus national peers. For investors, this translates to everyday convenience for residents anchored by grocery access, with some lifestyle amenities likely requiring short drives.
Rents in the neighborhood track on the more attainable end of the market, supporting retention and lease management. Median contract rents and a rent-to-income ratio near 0.17 suggest manageable affordability pressure, which can underpin occupancy and reduce turnover risk. Home values are lower than national norms for comparable metros, which can introduce some competition from ownership; however, the current renter concentration supports steady multifamily demand.
Within a 3-mile radius, recent trends show a slight population dip but households holding roughly flat, with projections indicating more households and smaller average household sizes ahead. This pattern typically broadens the renter pool and supports occupancy stability over time. These dynamics, based on commercial real estate analysis from WDSuite, frame the submarket as workforce-oriented with resilient day-to-day demand drivers.
Safety indicators are competitive among Akron neighborhoods (crime rank 63 of 180), yet the area sits below the national median for safety (national percentiles in the low 30s to low 40s). For investors, this means relative positioning inside the metro is reasonable, but underwriting should reflect a modest discount versus stronger national comparables.
Notably, violent offense rates show an improving trend year over year (national improvement standing in the mid-60s percentile), while property offense measures remain weaker versus national peers. The directional improvement can support leasing confidence, but operators should maintain pragmatic security and resident engagement practices consistent with the submarket profile.
Proximity to established corporate employers provides a broad workforce tenant base and convenient commutes, supporting leasing velocity and retention for workforce housing tied to manufacturing, utilities, logistics, and corporate services.
- Goodyear Tire & Rubber manufacturing HQ (1.5 miles) HQ
- FirstEnergy utilities HQ (3.4 miles) HQ
- Erie Insurance Group insurance offices (15.6 miles)
- Norfolk Southern Motor Yard rail & logistics (18.5 miles)
- Home Depot Distribution Center distribution & logistics (21.4 miles)
1900 Newton St is a 20-unit, 1972-vintage multifamily asset with average unit sizes near 743 sf. The vintage is newer than the neighborhood average stock, offering a relative competitive edge versus mid-century product while still leaving room for targeted system updates or light value-add to enhance positioning. Neighborhood occupancy is above the metro median and has placed in the upper national tiers for stability, providing a reliable backdrop for income performance.
Within a 3-mile radius, households have held steady despite softer population trends, and projections point to more households and smaller household sizes over the next five years a setup that can expand the renter pool and support occupancy. Rents sit at attainable levels with a rent-to-income ratio near 0.17, aiding retention, while lower local home values may create ownership competition that operators should monitor in pricing and renewal strategies. According to CRE market data from WDSuite, occupancy in this neighborhood sits above metro averages, and grocery access is a relative strength, both supportive of day-to-day leasing fundamentals.
- Above-metro neighborhood occupancy supports income stability
- 1972 vintage newer than local average, with selective value-add potential
- Workforce demand anchored by nearby HQs and logistics employers
- Attainable rents and grocery access bolster retention and daily livability
- Risks: below-national safety standing and potential competition from ownership options