| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 33rd | Poor |
| Amenities | 15th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 695 Dunbar Dr, Akron, OH, 44311, US |
| Region / Metro | Akron |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
695 Dunbar Dr Akron Multifamily Investment
Neighborhood data points to a deep renter pool and steady, high-80s occupancy at the neighborhood level, according to WDSuite’s CRE market data. For investors, this suggests durable tenant demand with pricing set by a value-oriented submarket.
Located in Akron’s inner-suburb fabric, the surrounding neighborhood skews renter-driven, with a high share of renter-occupied housing units that supports a consistent tenant base for multifamily. Neighborhood occupancy trends are in the high 80s, indicating stable absorption conditions rather than lease-up volatility.
Amenity access is mixed: grocery accessibility is competitive among Akron neighborhoods (ranked 20 out of 180), while cafes, restaurants, parks, and pharmacies are sparse locally. For investors, this typically aligns with workforce housing dynamics where daily needs are met, but lifestyle amenities are limited, influencing renter expectations and spend.
Relative pricing signals show low nominal contract rents versus national levels (neighborhood sits in lower national percentiles), yet rent-to-income is elevated for the neighborhood, underscoring affordability pressure and the need for active lease management and renewal strategies. Median home values in the area are also low nationally, which can temper rent ceilings but still reinforce reliance on rental options given local income levels.
Demographics within a 3-mile radius reflect recent population softness but forecast growth in both total population and households over the next five years, pointing to a potential renter pool expansion that can support occupancy stability. As incomes are projected to rise alongside rent levels, owners should expect value-conscious demand with room for selective upgrades that justify modest rent premiums.
Safety indicators place the neighborhood below the national median for safety and on the higher-crime side within the Akron metro, ranking 70 out of 180 neighborhoods. Recent trends show some improvement, with both property and violent offense rates moving lower year over year, which is a constructive signal for long-term risk monitoring rather than a near-term transformation.
Proximity to established employers supports workforce renter demand and retention, with large utilities, manufacturing, insurance, rail logistics, and consumer goods headquarters within practical commuting range.
- FirstEnergy — electric utility (1.2 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing (2.8 miles) — HQ
- Erie Insurance Group — insurance (16.0 miles)
- Norfolk Southern Motor Yard — rail logistics (18.5 miles)
- J.M. Smucker — consumer packaged goods (19.3 miles) — HQ
This 24-unit asset sits in a renter-oriented Akron neighborhood where local occupancy trends are steady and grocery access is comparatively strong for the metro. According to CRE market data from WDSuite, nominal neighborhood rents are low by national standards, but a high renter concentration and improving crime trendlines indicate durable demand with careful attention to affordability and renewal strategy.
Within a 3-mile radius, near-term demographic softness is expected to give way to projected growth in population and households, expanding the tenant base and supporting leasing stability. Nearby anchor employers across utilities, manufacturing, insurance, rail logistics, and consumer goods add commute convenience that can aid retention, while the value-oriented context suggests scope for targeted, ROI-focused improvements.
- Renter-oriented neighborhood with stable, high-80s occupancy supporting consistent leasing
- Low nominal neighborhood rents with pricing set by value demand; scope for selective upgrades
- Projected growth in 3-mile population and households supports a larger tenant base
- Proximity to major employers (utilities, manufacturing, insurance, logistics, CPG) underpins retention
- Risk: Elevated rent-to-income at the neighborhood level calls for disciplined rent and renewal management