| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 78th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 917 Mull Ave, Akron, OH, 44313, US |
| Region / Metro | Akron |
| Year of Construction | 1972 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
917 Mull Ave, Akron OH Multifamily Investment
Neighborhood occupancy is strong and stable, supporting income durability according to WDSuite’s CRE market data, with renter demand reinforced by a balanced mix of households and access to major employers.
The property sits in an Akron neighborhood rated A- where occupancy is in the top quartile nationally and competitive among Akron neighborhoods (180 total), indicating resilient leasing conditions that can support steady cash flow. Rents in the area track below the national mid-point, helping sustain demand while providing room for measured revenue management rather than aggressive hikes.
Schools in the neighborhood rate well (top quartile nationally), a factor that can bolster family retention and reduce turnover. Day-to-day convenience skews practical rather than trendy: restaurants are around the national mid-point, with pharmacies and childcare availability above national averages, but limited park and café density. For investors, this mix points to stable living patterns and predictable demand rather than lifestyle-driven churn.
About one-third of housing units in the neighborhood are renter-occupied, signaling a moderate renter concentration and a sufficiently deep tenant base for a 45-unit asset. Median home values are lower than many U.S. neighborhoods, creating a more accessible ownership market that can introduce some competition, but the local rent-to-income profile remains favorable for lease retention.
Within a 3-mile radius, households have grown recently and are projected to expand further, implying a larger tenant base ahead. Even as household sizes edge smaller, rising incomes and a forecast increase in households through the next cycle point to ongoing renter pool expansion that supports occupancy stability, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed but improving. The neighborhood’s crime standing sits below the metro average among 180 Akron neighborhoods, suggesting investors should underwrite prudent security and operating practices. At the national level, however, the area compares slightly better than average, and recent data shows a marked year-over-year improvement in violent offense rates, according to WDSuite s CRE market data.
Practical takeaway: position for standard risk controls (lighting, access management, resident engagement) and monitor trend data rather than assuming block-level outcomes. Improvement momentum, if sustained, can support resident retention and insurance cost management over time.
Proximity to established employers supports commute convenience and a steady renter pipeline, notably from utilities, manufacturing, transportation, and consumer goods—key demand drivers reflected below.
- FirstEnergy — utilities (3.5 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (6.2 miles) — HQ
- Norfolk Southern Motor Yard — transportation (16.7 miles)
- Erie Insurance Group — insurance offices (19.0 miles)
- J.M. Smucker — consumer goods (19.6 miles) — HQ
Built in 1972, the asset may benefit from targeted value-add and systems upgrades, while neighborhood fundamentals point to durable demand: occupancy performance is strong and competitive within the Akron metro (180 neighborhoods), schools are highly rated, and rents sit below the national mid-point—conditions that can support retention and steady lease renewals. According to CRE market data from WDSuite, the surrounding 3-mile area shows recent household growth with projections for further expansion and rising incomes, reinforcing a broadening tenant base for a 45-unit property.
Counterbalances include a practical amenity profile (fewer parks/cafés) that leans toward everyday convenience, a crime ranking that sits below the metro average and warrants standard risk management, and a relatively accessible ownership market that can introduce competition. Underwriting that prioritizes capital planning, resident experience, and measured revenue management can position the asset to capture stable occupancy and incremental rent growth.
- Neighborhood occupancy in the top quartile nationally and competitive within Akron supports leasing stability.
- 1972 vintage offers value-add potential through unit and system modernization.
- Household growth and rising incomes within a 3-mile radius expand the renter pool and retention prospects.
- Favorable rent-to-income profile supports measured pricing power without overextending affordability.
- Risks: below-metro-average safety ranking, practical (not lifestyle) amenity mix, and ownership alternatives that can compete with rentals.