| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 82nd | Best |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3736 Fairway Park Dr, Copley, OH, 44321, US |
| Region / Metro | Copley |
| Year of Construction | 1999 |
| Units | 22 |
| Transaction Date | 2001-08-15 |
| Transaction Price | $2,070,000 |
| Buyer | FAIRWAY PARK PROPERTIES LLC |
| Seller | MONTROSE DEVELOPMENT INC |
3736 Fairway Park Dr Copley 22-Unit Multifamily
Stabilized renter demand in a high-income suburban pocket of the Akron metro, according to WDSuite's CRE market data, supports steady operations for a 1999-vintage, small-scale asset. Neighborhood occupancy trends and attainable rent-to-income levels point to durable leasing with measured pricing power.
This suburban neighborhood in the Akron, OH metro carries an A+ rating and ranks 5th out of 180 metro neighborhoods, signaling strong overall fundamentals for income properties. Neighborhood occupancy is above the metro median (94.8%; rank 78 of 180; 70th percentile nationally), suggesting steady leasing conditions rather than outsized volatility. Median contract rent sits competitively in the metro (rank 18 of 180) and in the upper tier nationally (69th percentile), a balance that can support retention while allowing thoughtful rent management.
Local livability is a draw: restaurants and cafes are competitive among Akron neighborhoods (ranks 30 and 31 of 180; both around the top third nationally), and average school quality is in the top quartile nationwide (4.0 out of 5; 84th percentile). Park and pharmacy density are limited within the immediate neighborhood, so residents may rely on nearby submarkets for those services, but everyday retail and groceries are reasonably accessible by regional standards.
Tenure patterns indicate a moderate renter base: 25.1% of housing units in the neighborhood are renter-occupied. For multifamily investors, this points to a defined but not over-supplied tenant pool, with depth anchored by household incomes that rank near the top of the metro and 95th percentile nationally. The neighborhood's rent-to-income ratio (10%; 83rd percentile nationally) implies manageable affordability pressure, which can aid lease retention and reduce turnover risk.
Within a 3-mile radius, demographics show population and household growth over the past five years, with forecasts calling for further increases in households and families through 2028. This expansion of the renter pool supports occupancy stability for well-maintained assets. While the median home value is elevated for the region (77th percentile nationally), the local value-to-income ratio sits below national norms, which can create some competition with ownership; prudent underwriting should assume steady, not aggressive, rent growth.
Comparable crime metrics for this neighborhood were not available in this data release. Investors typically benchmark neighborhood safety against metro and national trends; in the absence of ranked data, it's prudent to review recent local sources (municipal reports and third-party indices) and consider property-level measures such as lighting, access control, and visibility along resident pathways.
The area benefits from proximity to established employers that broaden the commuter renter base and support weekday occupancy, including utilities, manufacturing, logistics, and corporate services noted below.
- FirstEnergy — utilities (7.2 miles) — HQ
- Goodyear Tire & Rubber — manufacturing & corporate (9.9 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (15.7 miles)
- Airgas Merchant Gases — industrial gases (18.6 miles)
- Home Depot Distribution Center — distribution (19.8 miles)
3736 Fairway Park Dr is a 22-unit, 1999-vintage asset positioned in an A+-rated suburban neighborhood where occupancy trends run above the metro median and median rents sit competitively within the Akron market. The vintage is newer than the neighborhood's average (1994), which can improve curb appeal and reduce near-term modernization scope versus older stock, while still warranting planning for systems refresh over the hold.
Household incomes in the surrounding area are strong and renter affordability appears manageable, supporting retention and steady cash flow; according to CRE market data from WDSuite, the neighborhood's rent-to-income profile and NOI-per-unit levels compare favorably within the metro and in higher national percentiles. Within a 3-mile radius, population and household growth, along with a defined but moderate renter-occupied share, indicate a stable tenant base. Forward-looking plans should assume measured rent growth given accessible ownership options in the region and flat-to-moderating rent forecasts in nearby areas.
- 1999 vintage offers competitive positioning versus older local stock with manageable near-term capex planning.
- Occupancy above metro median and competitive rents support durable leasing and cash flow.
- High-income households and growing 3-mile population broaden the tenant base and aid retention.
- Proximity to major employers across utilities, manufacturing, and logistics supports weekday occupancy.
- Risks: limited park/pharmacy density and accessible ownership alternatives warrant conservative rent and renewal assumptions.