| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 78th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 915 Mull Ave, Akron, OH, 44313, US |
| Region / Metro | Akron |
| Year of Construction | 1978 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
915 Mull Ave Akron Multifamily Investment Opportunity
Neighborhood multifamily occupancy remains resilient and supportive of cash flow, based on CRE market data from WDSuite, with stability reinforced by strong school ratings and balanced renter demand in the area.
Located at 915 Mull Ave in Akron’s Summit County, the property sits in a neighborhood rated A- where multifamily fundamentals are supported by high neighborhood occupancy and solid household incomes, according to WDSuite’s CRE market data. Neighborhood occupancy trends are competitive among Akron neighborhoods (26 of 180) and land in the top quartile nationally, pointing to steady leasing and lower downtime risk at the sub-neighborhood level.
Livability drivers are anchored by highly rated schools (average 4.5 out of 5), placing the area among the stronger school clusters in the metro (10 of 180) and in the top quartile nationally. Everyday services are present, with pharmacies and childcare density measuring above many peers, though parks and cafes are limited within the immediate neighborhood footprint. This balance can appeal to residents prioritizing schools and essentials while accepting fewer lifestyle amenities close-in.
Tenure patterns indicate a meaningful renter-occupied share of housing units — roughly one-third to two-fifths across nearby blocks — providing depth to the tenant base without overwhelming exposure. For investors, this mix tends to support demand stability for workforce-oriented product while still allowing some price sensitivity management.
Within a 3-mile radius, demographics show households growing even as average household size trends smaller. Looking ahead to 2028, WDSuite data points to an increase in households and a modestly expanding population, which together suggest a larger tenant pool and support for occupancy. With neighborhood contract rents tracking below national medians and a rent-to-income profile that indicates manageable affordability pressure, the area offers room for disciplined rent strategies while maintaining retention.
Safety indicators are mixed in a way investors should contextualize. The neighborhood’s crime rank sits on the less favorable side within the Akron metro (measured against 180 neighborhoods), yet its national position trends better than the median, indicating comparatively safer conditions than many neighborhoods nationwide. Recent trends show a pronounced decline in violent incidents year over year alongside a slight uptick in property offenses, suggesting continued monitoring is prudent.
Taken together, the area’s standing is closer to the safer half nationally with improving violent-offense momentum, but investors should underwrite routine security measures and asset management practices consistent with urban-suburban assets in similar metros.
Proximity to major employers underpins renter demand, with regional utilities, manufacturing, and corporate HQs within commutable distance. Key employment nodes include FirstEnergy, Goodyear Tire & Rubber, Norfolk Southern facilities, Erie Insurance offices, and J.M. Smucker.
- FirstEnergy — electric utility (3.6 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing & corporate (6.2 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (16.6 miles)
- Erie Insurance Group — insurance offices (19.1 miles)
- J.M. Smucker — consumer packaged goods (19.7 miles) — HQ
This 54-unit 1978-vintage asset offers durable renter demand supported by high neighborhood occupancy and strong school performance, according to CRE market data from WDSuite. Vintage implies potential value-add via unit modernization, common-area refresh, and systems upgrades, while compact average unit sizes can support competitive rent-per-square-foot positioning relative to older local stock.
Within a 3-mile radius, households are projected to increase through 2028, expanding the tenant base even as household size remains modest — dynamics that typically support occupancy stability and steady leasing. With neighborhood rents below national medians and rent-to-income levels indicating manageable affordability pressure, investors can pursue measured rent growth strategies while prioritizing resident retention. Primary risks include moderate local amenity depth and mixed but improving safety trends, warranting prudent operating practices.
- High neighborhood occupancy and top-tier school ratings support stable leasing
- 1978 vintage offers clear value-add and systems-upgrade pathways
- Growing households within 3 miles expand the tenant pool through 2028
- Rents below national medians enable disciplined pricing with retention focus
- Risks: thinner local amenities and mixed-but-improving safety require active management