| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 78th | Best |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 945 Mull Ave, Akron, OH, 44313, US |
| Region / Metro | Akron |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
945 Mull Ave Akron 24-Unit Multifamily Investment
Neighborhood occupancy is strong and schools rate well, supporting durable renter demand according to WDSuite’s CRE market data. Pricing relative to incomes suggests manageable rent burdens, which can aid retention.
Situated in Akron’s west side, the area around 945 Mull Ave shows high neighborhood occupancy with stability over recent years, indicating limited downtime between leases. While the setting is classified as more rural within the metro, daily needs are reasonably served by groceries and pharmacies that track near metro norms, though parks and cafes are sparse.
Schools in this neighborhood rate strongly—top quartile nationally by average score—and are competitive among Akron neighborhoods (benchmarked against 180 neighborhoods in the metro). For multifamily, stronger school performance can support family-oriented tenancy and longer stay durations.
Neighborhood tenure data point to a moderate renter-occupied share, signaling a smaller but steady pool of renters; this typically supports consistent leasing but may limit rapid lease-up for larger repositionings. Within a 3-mile radius, households have increased even as average household size edged lower, expanding the base of potential renters and supporting occupancy. Looking ahead, forecasts show further household growth in the radius, which would expand the tenant base and help sustain demand.
Home values in the neighborhood are comparatively accessible, and the value-to-income relationship sits below national averages. For investors, this can mean some competition from ownership options; however, rents relative to incomes remain moderate, which can aid lease retention and measured pricing power rather than sharp concessions.
Based on WDSuite data, the neighborhood sits above the national median on overall safety, with violent-offense conditions also above national norms. Property offenses track closer to the national midpoint, so investors should plan for standard security measures and asset-level controls.
Recent trends show a marked year-over-year improvement in violent offenses, placing the neighborhood among the stronger improvers nationally. Interpreting these indicators at the neighborhood—not block—level, the profile compares favorably across the Akron metro (180 neighborhoods total) while reminding operators to maintain routine risk management.
Proximity to major employers provides a broad, commute-friendly renter base, led by utilities, manufacturing, rail operations, food products, and coatings. The list below highlights nearby anchors that can support leasing stability and retention.
- FirstEnergy — utilities (3.6 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing (6.2 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (16.7 miles)
- Erie Insurance Group — insurance (19.1 miles)
- J.M. Smucker — food products (19.6 miles) — HQ
- Sherwin-Williams — paints & coatings (28.0 miles) — HQ
This 24-unit asset built in 1976 offers exposure to a submarket with high neighborhood occupancy and strong school ratings, supporting rent-roll durability. Rents benchmark reasonably against local incomes and the neighborhood’s rent-to-income positioning suggests limited affordability pressure, aiding retention while allowing for measured rent optimization, based on commercial real estate analysis from WDSuite.
Within a 3-mile radius, household counts have risen and are projected to expand further, implying a larger tenant base and support for occupancy stability. Given the vintage, investors should underwrite ongoing system updates and selective renovations to remain competitive against both nearby rentals and relatively accessible ownership alternatives.
- Strong neighborhood occupancy and competitive school quality support stable tenancy
- Rent-to-income positioning indicates manageable affordability pressure and potential for disciplined rent growth
- Expanding 3-mile household base points to deeper long-run renter demand
- 1976 vintage offers value-add via system upgrades and targeted unit improvements
- Risk: Accessible ownership options and limited nearby amenities may moderate rent upside and walkability-driven demand