| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 78th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 935 Mull Ave, Akron, OH, 44313, US |
| Region / Metro | Akron |
| Year of Construction | 1975 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
935 Mull Ave Akron Multifamily Investment
Neighborhood occupancy trends are strong and stable, according to WDSuite’s CRE market data, pointing to resilient renter demand for well-located workforce units in Akron. Investors should view this as a steady, needs-based submarket rather than a momentum-growth play.
Positioned in Akron’s west side, the asset benefits from a neighborhood rated A- with occupancy in the top quartile nationally, indicating comparatively steady leasing conditions. Within the Akron metro, the area ranks 26th of 180 neighborhoods for occupancy, signaling above-median stability among local peers based on commercial real estate analysis from WDSuite.
Livability drivers skew practical: an average school rating near the top nationally (94th percentile) supports family-oriented renter retention, while everyday services such as pharmacies and childcare score above national midpoints. Amenity density is more limited (cafes and parks rank toward the bottom nationally), so the appeal is less lifestyle-driven and more value-and-convenience driven for renters.
Tenure patterns suggest a moderate renter base: the neighborhood’s share of renter-occupied housing is roughly one-third, which supports stable absorption without over-reliance on transient demand. At the 3-mile radius, household counts have inched higher even as average household size edged down, expanding the pool of households and supporting multifamily leasing depth. Forward-looking 3-mile projections indicate increases in households and incomes, which should translate into a larger tenant base and sustained occupancy.
Affordability is a differentiator. Neighborhood rent-to-income ratios sit comfortably below levels that typically pressure renewals, and median home values are comparatively accessible versus national benchmarks. For investors, that mix often supports retention and predictable cash flow, though more accessible ownership options can modestly compete with rental demand. Median asking rents track close to national midpoints, suggesting room for targeted upgrades to drive rent traction without overreaching on price.
Safety readings present a mixed but improving picture. Relative to the Akron metro, the neighborhood’s overall crime rank sits in the lower third (28th of 180, where a lower rank indicates more crime), yet nationally it performs above average (around the 59th percentile for overall safety). Violent incidents are comparatively favorable (about the 62nd percentile nationally), and recent trend data shows a sharp improvement in violent offense rates over the past year, placing the area in the top decile for year-over-year improvement among neighborhoods nationwide.
Property-related offenses track closer to national mid-range levels (around the 43rd percentile). For investors, this profile suggests standard operating measures—lighting, access controls, and resident engagement—should align well with typical multifamily risk management, with recent trends offering support for steady leasing and retention.
The location serves a diverse employment base spanning utilities, manufacturing, rail logistics, insurance, and consumer goods—supporting commuter convenience and a broad renter pool. Key nearby employers include FirstEnergy, Goodyear Tire & Rubber, Norfolk Southern, Erie Insurance Group, and J.M. Smucker.
- FirstEnergy — utilities (3.6 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (6.3 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (16.6 miles)
- Erie Insurance Group — insurance (19.1 miles)
- J.M. Smucker — consumer goods (19.7 miles) — HQ
This 45-unit asset is positioned for steady performance supported by neighborhood fundamentals: top-quartile national occupancy, strong school ratings, and a practical service mix that favors retention. According to CRE market data from WDSuite, the area ranks above the metro median for occupancy stability, while rent-to-income levels remain manageable—conditions that typically support predictable renewals and operating consistency.
Investor upside leans toward durable cash flow with selective value-add. Median home values are relatively accessible, which can create some competition from ownership, but also tends to limit excessive new supply pressure. The 3-mile radius shows rising household counts and higher income projections, pointing to a larger tenant base and support for occupancy and targeted rent growth. Operators should monitor amenity-light dynamics and maintain standard safety and asset-management protocols.
- Occupancy in the top quartile nationally supports leasing stability and renewals.
- Strong school ratings and practical services reinforce family-friendly retention drivers.
- Manageable rent-to-income levels suggest room for selective value-add without overextending price.
- Diverse nearby employers broaden the renter pool and support steady demand.
- Risks: amenity-light neighborhood and relatively accessible ownership options can temper rent growth; maintain focused operations and positioning.