| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 62nd | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Bailey Rd, Cuyahoga Falls, OH, 44221, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1983 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 Bailey Rd Cuyahoga Falls Apartment Investment
Neighborhood renter concentration is elevated and rents remain accessible relative to incomes, supporting a stable tenant base according to WDSuite’s CRE market data.
The property sits in an Inner Suburb pocket of Cuyahoga Falls within the Akron, OH metro, where neighborhood ratings register a B and dynamics skew toward workforce housing. Grocery and restaurant access is relatively convenient for the area (neighborhood ranks 42 and 37 among 180 metro neighborhoods), while cafes, parks, and pharmacies are sparse. For investors, this mix suggests daily-need amenities are present, but lifestyle conveniences may be thinner and should be considered in leasing and positioning strategies.
Renter-occupied housing represents a sizable share of units in the neighborhood (43.9%; top-quartile nationally by WDSuite benchmarks), indicating depth in the tenant pool and consistent multifamily demand. Neighborhood occupancy is measured at 87.5% with a modest five-year softening, which points to the importance of hands-on leasing, renewal management, and competitive finishes to sustain performance.
Within a 3-mile radius, demographics show a stable population with recent growth in households and a projected expansion in both population and household counts by 2028. That trajectory implies a larger tenant base and supports demand for rental units over the medium term. Median contract rents have risen over the last five years yet remain moderate relative to local incomes, helping support retention and measured pricing power.
Home values in the neighborhood are lower than many U.S. areas, characterizing a more accessible ownership market. For multifamily owners, that can introduce some competition from entry-level ownership, but moderate rent-to-income levels (around 0.20 in the neighborhood) help underpin leasing stability and renewal outcomes when interiors and operations are kept competitive.
Built in 1983, the asset is newer than much of the local housing stock (average vintage 1954). This typically provides a competitive baseline versus older product, though investors should plan for aging systems and targeted modernization to meet current renter expectations and support rent growth.
WDSuite’s neighborhood crime rank sits at 47 out of 180 Akron metro neighborhoods, indicating reported incidents are higher than the metro median and warrant routine operational attention (lighting, access control, and resident engagement). Nationally, however, the neighborhood trends stronger on severity metrics, with levels that translate to top-quartile outcomes for lower violent and property offenses compared with neighborhoods across the U.S. Recent year-over-year readings show some volatility, so investors should underwrite with prudent security and insurance assumptions and monitor trends over time rather than single-year swings.
Nearby employers anchor a diverse employment base and support renter demand through commute convenience, led by utilities and manufacturing headquarters and regional logistics nodes.
- FirstEnergy — utilities (3.8 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (4.3 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (15.1 miles)
- Home Depot Distribution Center — distribution (18.0 miles)
- Erie Insurance Group — insurance (18.9 miles)
Positioned in an Inner Suburb location with daily-need amenities and strong proximity to major employers, 1300 Bailey Rd benefits from a sizeable renter base and moderate rent levels that support retention. Built in 1983, it is newer than much of the surrounding stock, offering competitive positioning versus older assets while still allowing for targeted value-add through systems updates and unit modernization. According to CRE market data from WDSuite, neighborhood renter concentration is high and rent-to-income levels are manageable, while occupancy trends suggest active leasing and renewal management will be important.
Looking ahead, 3-mile demographic indicators point to growth in households and population, which should expand the tenant base and support occupancy. The area’s comparatively accessible ownership market can introduce competition, but proximity to headquarters-scale employers and steady renter demand helps underpin leasing stability when product and operations are kept competitive.
- Newer 1983 vintage versus neighborhood average, with potential to capture premiums post-modernization
- Elevated renter-occupied share supports depth of tenant base and leasing velocity
- Household growth within 3 miles and proximity to major employers bolster long-term demand
- Moderate rents relative to incomes aid retention and pricing discipline
- Risks: neighborhood safety volatility and occupancy softness require prudent underwriting and proactive operations