| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Poor |
| Demographics | 50th | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 Wilmich Dr, Akron, OH, 44319, US |
| Region / Metro | Akron |
| Year of Construction | 1973 |
| Units | 32 |
| Transaction Date | 2017-08-23 |
| Transaction Price | $1,125,000 |
| Buyer | Wilmich Manor 17 LLC |
| Seller | Lal & Sons LLC |
2010 Wilmich Dr Akron 32-Unit Multifamily
Positioned in Akron’s inner-suburban fabric, the asset benefits from steady neighborhood occupancy and renter-friendly affordability, according to WDSuite’s CRE market data. Proximity to major employers and accessible rents support retention and leasing consistency at the neighborhood level.
The property sits in an Inner Suburb pocket of Akron with a B- neighborhood rating and a neighborhood rank of 92 out of 180, indicating performance that is above the metro median in several fundamentals. Neighborhood occupancy is measured for the area, not the property, and remains in the upper-80s with a modest five-year softening; investors should view this as a signal to emphasize leasing execution and renewal management rather than a structural demand concern.
Livability leans practical: grocery access is competitive among Akron neighborhoods (rank 50 of 180; 73rd percentile nationally) and pharmacy density is a relative strength (rank 4 of 180; 95th percentile nationally). Restaurant options track above national norms (83rd percentile), while parks and cafes are limited, suggesting convenience over lifestyle positioning. Average school ratings are on the lower side for the metro (rank 48 of 180; 37th percentile nationally), which may matter less for typical workforce renter cohorts but is worth noting for unit mix and marketing.
Vintage matters here. Built in 1973, the asset is newer than the area’s average construction year of 1960, supporting competitive positioning versus older stock; however, investors should still underwrite ongoing system updates and selective modernization to sustain rentability.
Demographic statistics are aggregated within a 3-mile radius: households contracted modestly in the last five years but are projected to grow into the forecast period, pointing to a larger tenant base ahead. Renter-occupied housing sits near parity with owner-occupied, indicating a broad renter pool that supports leasing depth. With a low rent-to-income burden (top decile nationally at the neighborhood level), the area offers room for disciplined rent management while maintaining retention.
Home values in the immediate neighborhood are relatively accessible for the region, which can introduce some competition from entry-level ownership. For multifamily investors, this typically shifts strategy toward emphasizing convenience, unit quality, and professional management to sustain pricing power and minimize turnover relative to ownership alternatives.
Safety metrics indicate the area is competitive among Akron neighborhoods (crime rank 60 out of 180), while its national standing is more middle-of-the-pack. According to WDSuite’s data, both violent and property offense rates have declined year over year, an encouraging directional trend for long-term stability. Interpret these figures as neighborhood-level context rather than block-level guarantees.
In practical terms, investors should pair the improving trend with standard property-level measures—lighting, access control, and resident engagement—to support tenant retention and operational performance.
Nearby anchor employers provide a diversified employment base and short commutes that support renter demand, including Goodyear, FirstEnergy, Erie Insurance, J.M. Smucker, and Norfolk Southern.
- Goodyear Tire & Rubber — manufacturing HQ (3.2 miles) — HQ
- FirstEnergy — utilities HQ (3.7 miles) — HQ
- Erie Insurance Group — insurance (13.4 miles)
- J.M. Smucker — food products HQ (17.5 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (21.2 miles)
2010 Wilmich Dr offers a 32-unit footprint in an Inner Suburb location where neighborhood occupancy is stable and affordability supports retention. Built in 1973, it is newer than much of the surrounding housing stock, which can help attract renters seeking functional layouts and reliable systems, though investors should plan for targeted modernization to preserve competitiveness. According to CRE market data from WDSuite, neighborhood rent burden is low by national standards, reinforcing demand durability, while the 3-mile demographic outlook points to growth in households that can expand the renter pool.
Local fundamentals skew toward convenience—strong grocery, pharmacy, and restaurant access—while proximity to major employers underpins weekday traffic and leasing stability. Potential headwinds include a recent dip in neighborhood occupancy, lower average school ratings, and some competition from entry-level ownership; these are manageable with prudent operations, unit upgrades, and value-oriented positioning.
- Workforce-friendly rents and top-decile rent-to-income support retention and pricing discipline
- 1973 vintage is newer than area average, with selective upgrades offering value-add upside
- Proximity to major employers (Goodyear, FirstEnergy, Smucker) supports steady leasing
- Neighborhood amenities favor daily convenience (groceries, pharmacies, restaurants)
- Risks: softening neighborhood occupancy, lower school ratings, and ownership competition