| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2570 Shoreline Dr, Akron, OH, 44314, US |
| Region / Metro | Akron |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2570 Shoreline Dr Akron Multifamily Investment
Positioned for workforce demand with proximity to major employers and accessible rents, this 24-unit asset benefits from an expanding tenant base within a 3-mile radius, according to WDSuite’s CRE market data. The neighborhood favors value-oriented operations where prudent upgrades can enhance retention and stabilize cash flow.
Livability indicators point to everyday convenience. Neighborhood grocery and park access trend in the top quartile nationally, while restaurants are also comparatively dense (around the 70th percentile). In contrast, cafes, pharmacies, and childcare are sparse in this submarket. For investors, the mix suggests steady day-to-day essentials with fewer lifestyle amenities, supporting workforce housing positioning.
The area’s renter-occupied share is measured at the neighborhood level at 29.5% (above the metro median for Akron’s 180 neighborhoods), indicating a meaningful but not dominant renter concentration. Within a 3-mile radius, WDSuite reports a higher renter-occupied share of housing units at 41.6%, which broadens the tenant pool and can support leasing velocity for well-managed multifamily.
Neighborhood occupancy is currently soft (ranks 174 of 180 Akron neighborhoods), so underwriting should emphasize leasing strategy, competitive finishes, and effective management. At the same time, rents remain accessible relative to local incomes (neighborhood rent-to-income ratio of 0.15), which can support retention and measured pricing power as units are improved. Median home values in this neighborhood sit in a low national percentile, meaning ownership is comparatively attainable and can compete with rentals; operators may benefit from emphasizing convenience, professional management, and flexible move-in costs to differentiate.
Vintage plays to competitive positioning: built in 1976 versus a neighborhood average year of 1957, the property is newer than much of the local stock. That can aid leasing against older buildings, though investors should still plan for aging systems and targeted modernization to capture value-add upside.
Demographic statistics are aggregated within a 3-mile radius. While the recent period shows modest population and household contraction, WDSuite’s baseline indicates forward growth over the next five years, including increases in households and income tiers. This points to renter pool expansion that can support occupancy stabilization for renovated, right-sized units.
Safety trends are mixed but improving. Relative to neighborhoods nationwide, the area sits below the national median for safety (around the low 40s percentile), and within the Akron metro it is not among the top-performing neighborhoods. However, according to WDSuite, estimated property offenses declined by roughly a fifth year over year and violent offense rates also trended lower. These directional improvements suggest conditions that may support on-site security policies and resident retention strategies, though prudent screening and lighting/camera upgrades remain advisable in underwriting.
The employment base nearby is anchored by utilities, manufacturing, insurance, food products, and rail operations, supporting commute convenience and steady renter demand for workforce housing.
- FirstEnergy — electric utility (4.3 miles) — HQ
- Goodyear Tire & Rubber — tires & manufacturing (4.7 miles) — HQ
- Erie Insurance Group — insurance (14.0 miles)
- J.M. Smucker — food products (16.3 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (21.4 miles)
This 24-unit, 1976-vintage property offers a practical value-add path in a neighborhood with accessible rents and proximity to major employers. Compared with older local stock, the vintage supports competitive positioning once common-area and in-unit updates are executed. Within a 3-mile radius, WDSuite indicates a sizeable renter base and forward household growth, which can translate into a larger tenant pool and improving lease-up prospects as units are refreshed.
Affordability metrics are favorable for management: the neighborhood’s rent-to-income ratio sits at 0.15, providing room for modest rent steps as renovations add utility. At the same time, low neighborhood home values mean ownership is relatively attainable, so marketing and service quality will matter to sustain retention. According to CRE market data from WDSuite, nearby grocery and parks rank strong nationally, supporting day-to-day livability even as broader occupancy in the immediate neighborhood remains soft — a known risk best addressed through targeted capex and disciplined leasing.
- 1976 vintage newer than neighborhood average, enabling competitive positioning with selective modernization
- Expanding 3-mile renter pool and projected household growth support lease-up and occupancy stabilization
- Workforce affordability (low rent-to-income) can underpin retention and measured rent steps post-renovation
- Proximity to anchor employers (utilities, manufacturing, insurance) reinforces everyday demand
- Risk: neighborhood occupancy ranks low in the metro; plan for active leasing, amenities, and security investments