| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Poor |
| Demographics | 46th | Fair |
| Amenities | 29th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 41 30th St NW, Barberton, OH, 44203, US |
| Region / Metro | Barberton |
| Year of Construction | 1994 |
| Units | 33 |
| Transaction Date | 2012-06-21 |
| Transaction Price | $1,084,000 |
| Buyer | HERITAGE PLACE INVESTMENT LLC |
| Seller | HERITAGE PLACE LIMITED PARTNERSHIP |
41 30th St NW Barberton 33-Unit Multifamily
Well-located 1994-vintage asset positioned for steady renter demand and retention, according to WDSuite's CRE market data. Newer construction than much of the local stock supports competitive positioning with prudent capital planning.
Barberton's inner-suburb setting offers everyday convenience with a strong grocery presence and broad dining options; WDSuite's neighborhood data places restaurant density in the top decile nationally while grocery access is well above average. Parks, pharmacies, and cafes are thinner locally, so the amenity mix skews toward essentials rather than lifestyle destinations.
The neighborhood's rental market shows generally stable occupancy with modest improvement over the past five years. Median contract rents remain relatively accessible, and the rent-to-income profile points to manageable affordability pressure — a setup that can support lease retention but may temper near-term pricing power.
The property's 1994 construction stands newer than the neighborhood's older housing stock (average vintage early 20th century), suggesting competitive appeal versus legacy assets. Investors should still underwrite aging systems typical of 1990s buildings and potential modernization to meet current renter preferences.
Within a 3-mile radius, demographics indicate a larger tenant base supported by rising household counts even as population trends soften, implying smaller household sizes and potential renter pool expansion. Household incomes have strengthened in recent years and are projected to continue advancing, while rents in the area are expected to climb from today's levels — both factors that can underpin stable demand for multifamily units.
Neighborhood-level crime estimates are not available in WDSuite for this location. Investors typically benchmark Barberton against broader Akron metro trends and verify on-the-ground conditions with local sources, reviewing property-level measures such as lighting, access control, and incident history to gauge risk and retention implications.
The workforce base is anchored by nearby corporate employers along the Akron corridor, supporting commuter convenience and multifamily leasing: FirstEnergy, Goodyear Tire & Rubber, J.M. Smucker, Erie Insurance Group, and International Paper Company.
- FirstEnergy — utilities (8.1 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (9.0 miles) — HQ
- J.M. Smucker — consumer goods (12.7 miles) — HQ
- Erie Insurance Group — insurance (15.2 miles)
- International Paper Company — paper & packaging (20.5 miles)
This 33-unit property combines a 1994 vintage with an inner-suburban location where essential amenities and employer proximity support everyday livability. Based on CRE market data from WDSuite, neighborhood occupancy has trended steady with modest improvement, while the rent-to-income profile suggests manageable affordability pressures that can favor retention even if rent growth remains measured.
The asset's newer construction relative to much of the area's older stock enhances competitive positioning, and nearby corporate anchors expand the commuter tenant base. Within a 3-mile radius, household counts are projected to rise despite softer population totals, indicating smaller household sizes and a renter pool that can support leasing stability as rents move upward from current levels.
- 1994 vintage offers competitive positioning versus older neighborhood stock, with targeted updates to modernize interiors and systems.
- Employer proximity (utilities, manufacturing, consumer goods, insurance) supports a reliable commuting tenant base and retention.
- Accessible rents and balanced rent-to-income dynamics favor lease stability, per WDSuite's commercial real estate analysis.
- Within 3 miles, rising household counts point to a broader renter pool even as average household size declines.
- Risks: softer population trend, limited lifestyle amenities nearby, and potential competition from ownership in a lower-cost home value market.