| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 32nd | Poor |
| Demographics | 53rd | Fair |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 250 Tudor Ave, Akron, OH, 44312, US |
| Region / Metro | Akron |
| Year of Construction | 1989 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
250 Tudor Ave Akron Multifamily Investment Near Employers
Steady neighborhood occupancy and a moderate renter base suggest durable leasing, according to WDSuite’s CRE market data. Built in 1989, the asset should compete well against older nearby stock while benefitting from close-in employment anchors.
Located in an Inner Suburb of Akron with a neighborhood rating of B, the area ranks 69 out of 180 metro neighborhoods — competitive among Akron neighborhoods — and posts an occupancy level measured for the neighborhood that is above the national median (64th percentile), per commercial real estate analysis from WDSuite.
The property’s 1989 vintage is newer than the neighborhood’s average construction year of 1963. For investors, that positioning can reduce near-term capital exposure relative to older comparables, while still planning for modernization of aging systems typical of late-1980s buildings.
Neighborhood renter-occupied share is measured at 29.2% of housing units (66th percentile nationally), indicating a meaningful tenant base without overconcentration; this supports multifamily demand and retention potential, especially for smaller-format units. Within a 3-mile radius, households have inched higher even as total population edged down, pointing to smaller household sizes that can expand the renter pool over time. Forward-looking data indicates additional increases in households alongside smaller average household size, which generally supports occupancy stability.
Everyday amenities are convenient: restaurants are competitive (87th percentile nationally), with grocery and pharmacy access both strong for the neighborhood (77th and 79th percentiles). Parks and cafes are limited locally, which may temper lifestyle appeal compared with amenity-rich districts. Average school ratings are below national norms (2.0/5; 37th percentile), an operational consideration for family-oriented leasing strategies.
Home values in the neighborhood sit well below national medians (17th percentile), and rent-to-income is measured at roughly 12% (70th percentile nationally for favorability). For investors, a high-cost ownership market is not the story here; rather, relatively accessible ownership options can create some competition with renting, but manageable rent-to-income supports lease retention and pricing discipline.
Neighborhood safety compares below national averages overall (36th percentile nationally), with a rank of 79 out of 180 among Akron neighborhoods — competitive but not top-tier in the metro. Trends are mixed: estimated property offenses declined materially year over year (above-average improvement at the 61st percentile nationally), while estimated violent offenses increased, placing the area in a weaker national percentile for that category.
For underwriting, this suggests caution on security planning and tenant experience, while recognizing that recent property-crime improvement may support operational stability. Always consider property-level measures and professional assessments rather than relying solely on neighborhood aggregates.
Proximity to established employers underpins local renter demand and commute convenience, notably in manufacturing, utilities, and consumer goods. Nearby anchors include Goodyear, FirstEnergy, Erie Insurance, Norfolk Southern, and J.M. Smucker.
- Goodyear Tire & Rubber — manufacturing HQ (1.8 miles) — HQ
- FirstEnergy — utilities HQ (4.3 miles) — HQ
- Erie Insurance Group — insurance offices (14.5 miles)
- Norfolk Southern Motor Yard — rail operations (19.7 miles)
- J.M. Smucker — consumer foods HQ (22.0 miles) — HQ
This 22-unit asset at 250 Tudor Ave benefits from a neighborhood with above-median national occupancy and a renter base that is meaningful without being saturated, supporting day-to-day leasing and renewals. The 1989 construction is newer than much of the local stock, offering competitive positioning versus 1960s-era comparables, while warranting targeted updates to systems and finishes to enhance rentability.
Demand is reinforced by nearby employment centers and by household trends within a 3-mile radius that point to more, smaller households over time — a setup that can expand the renter pool and support occupancy stability. According to multifamily property research from WDSuite, local ownership costs are relatively accessible versus national benchmarks, which may create some competition with homeownership but can also encourage steady retention where rents remain in a manageable share of income.
- Newer 1989 vintage versus neighborhood average, with potential for targeted value-add to improve competitiveness
- Neighborhood occupancy above the national median and a balanced renter concentration supporting leasing stability
- Proximity to major employers (Goodyear, FirstEnergy) helps underpin tenant demand and retention
- Household patterns within 3 miles indicate a shift toward smaller households, expanding the renter pool
- Risks: below-national safety standing, softer school ratings, limited parks/cafes, and income performance that trails national averages in some metrics