| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 70th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Kennedy Blvd, Cuyahoga Falls, OH, 44221, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1986 |
| Units | 71 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1300 Kennedy Blvd Cuyahoga Falls Multifamily Investment
Renter concentration in the immediate neighborhood is high while ownership costs remain moderate, supporting a stable tenant base, according to WDSuite’s CRE market data. Built in 1986, the asset skews older than nearby stock, pointing to pragmatic value-add and capital planning potential.
Located in an inner-suburban pocket of the Akron, OH metro, the neighborhood carries a B- rating and sits around the middle of the pack among 180 metro neighborhoods. Relative to national peers, neighborhood demographics score above the median, and household incomes have trended upward, which can underpin consistent renter demand for workforce-oriented units, per WDSuite’s CRE market data.
Rents in the neighborhood are mid-market and have risen over the past five years, while the rent-to-income profile suggests manageable affordability pressure for tenants. Home values are also moderate for the region, which can introduce some competition from ownership; however, this typically supports steady renter retention when lease management and pricing are disciplined.
Neighborhood occupancy is below the metro median among 180 Akron-area neighborhoods, so operators should plan for competitive leasing and active renewals. At the same time, the share of housing units that are renter-occupied ranks competitive among Akron neighborhoods, indicating a deep renter pool and durable multifamily demand.
The local amenity density is limited within the immediate neighborhood by national comparison (few cafes, groceries, parks, and pharmacies within close range). For investors, this places a premium on property-level conveniences, parking, and access to major corridors to sustain leasing velocity and retention.
Neighborhood-level crime rankings are not available in WDSuite for this area. Investors typically benchmark conditions against broader Akron and Summit County trends and incorporate property-specific measures and visibility along primary corridors for context. Use comparative, city- and precinct-level data to frame risk rather than drawing block-level conclusions.
Proximity to established employers helps support workforce housing demand and commute convenience for residents. Nearby anchors include utilities, manufacturing, logistics, and insurance offices that broaden the potential tenant base.
- FirstEnergy — utilities (4.0 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (4.5 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (14.9 miles)
- Home Depot Distribution Center — distribution (17.8 miles)
- Erie Insurance Group — insurance (19.2 miles)
This 71-unit property, built in 1986, is older than the neighborhood’s average vintage, creating straightforward value-add and capital planning angles to improve competitive positioning versus newer nearby stock. The surrounding neighborhood shows mid-market rents, a high share of renter-occupied housing units, and moderate ownership costs — a mix that supports a broad tenant base with generally manageable affordability pressure, according to CRE market data from WDSuite.
Households within a 3-mile radius have grown and are projected to increase further, indicating a larger renter pool over the next several years. While neighborhood occupancy trails the metro median, proximity to major employers in Akron and steady rent trends provide a foundation for stabilizing operations with hands-on leasing, renewals, and targeted upgrades.
- Older 1986 vintage supports value-add through unit and system upgrades
- High renter-occupied share locally signals deep tenant demand
- Mid-market rents and moderate ownership costs aid lease retention
- Employment anchors nearby broaden the workforce housing base
- Risks: below-metro occupancy and limited nearby amenities require active leasing and operational focus