| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 43rd | Fair |
| Amenities | 22nd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2890 Mogadore Rd, Akron, OH, 44312, US |
| Region / Metro | Akron |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2890 Mogadore Rd Akron Multifamily Investment
Neighborhood occupancy trends are steady, supporting renter retention and cash flow resilience, according to WDSuite’s CRE market data. With a manageable 20-unit scale, this asset targets workforce demand in Akron’s inner-suburban corridor.
This Inner Suburb location in Akron offers practical livability for renters who prioritize everyday convenience over destination amenities. Restaurant density is competitive among Akron neighborhoods (ranked 57 out of 180), and grocery access performs similarly (65 of 180), though broader amenity depth is below the metro median (amenity rank 122 of 180). School ratings trend below national averages (national percentile 37), which may influence tenant mix and marketing strategy.
Occupancy in the neighborhood is firm around the mid-90s and sits near the metro median while placing in the upper tier versus national peers (65th percentile). For investors, this points to baseline stability for lease-up and renewals, even as demand ebbs and flows with the broader Akron market.
Renter-occupied housing comprises roughly the upper-20s share of neighborhood units, indicating a smaller but consistent renter base relative to more renter-heavy submarkets. This typically supports steadier tenancy but may limit rapid rent-up without targeted marketing. Median home values are relatively accessible in context (low national percentile), which can introduce ownership competition; however, a rent-to-income ratio near the high teens suggests manageable affordability pressure and potential for retention with disciplined renewal management.
Within a 3-mile radius, population has edged down slightly in recent years while household counts have held roughly flat and are projected to rise alongside smaller average household sizes. That shift can expand the renter pool over time as more, smaller households look for practical apartment options, reinforcing demand for well-managed, value-oriented units.
Safety indicators for the neighborhood are mixed in comparison to the Akron metro but roughly average versus national norms. The local crime rank sits on the higher-crime side within the metro (36 out of 180), yet national positioning is near the midpoint (50th percentile). Importantly, recent trend data shows notable improvement, with year-over-year reductions in both violent and property offenses, indicating momentum in the right direction rather than a static risk profile.
Investors should underwrite standard safety-driven operational practices—lighting, access control, and resident engagement—while recognizing the recent decline in incident rates as a supportive trend rather than a guarantee. Comparative framing against nearby neighborhoods and continued monitoring will remain prudent.
Proximity to major employers supports a durable workforce renter base and commute convenience, led by corporate offices, insurance, rail operations, and regional distribution.
- Goodyear Tire & Rubber — corporate offices (2.6 miles) — HQ
- FirstEnergy — corporate offices (5.1 miles) — HQ
- Erie Insurance Group — insurance (14.4 miles)
- Norfolk Southern Motor Yard — rail operations (19.9 miles)
- Home Depot Distribution Center — distribution & logistics (22.6 miles)
Built in 1972, the property is newer than much of the surrounding housing stock, which can offer a competitive edge versus older inventory while still leaving room for targeted system updates or common-area refreshes. Neighborhood occupancy trends in the mid-90s and a modest rent-to-income profile point to steady demand and manageable retention risk rather than outsized pricing power.
Within a 3-mile radius, households are expected to increase even as average household size contracts, implying a gradual renter pool expansion that can support lease stability. According to CRE market data from WDSuite, the area’s home values remain comparatively accessible, so underwriting should account for some competition from ownership; balanced against this, proximity to anchor employers helps sustain workforce housing demand.
- Stable neighborhood occupancy and workforce proximity support leasing consistency
- 1972 vintage offers relative competitiveness versus older stock with value-add potential
- Household growth and smaller household sizes within 3 miles expand the renter base
- Accessible ownership costs may temper pricing power—focus on retention and operations
- Safety trends are improving, but underwriting should incorporate standard risk controls