| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 62nd | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1320 Bailey Rd, Cuyahoga Falls, OH, 44221, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1979 |
| Units | 20 |
| Transaction Date | 2016-12-15 |
| Transaction Price | $240,000 |
| Buyer | Y2P MARKET LLC |
| Seller | BAILEY RD APT LLC |
1320 Bailey Rd, Cuyahoga Falls Multifamily Investment
Positioned in an inner-suburban pocket with sustained renter demand and access to major employers, this asset offers durable fundamentals supported by neighborhood data, according to WDSuite’s CRE market data. A relatively high share of renter-occupied units in the area underpins tenant depth and leasing resilience.
The neighborhood earns a B rating and is competitive among Akron neighborhoods (70 of 180), with fundamentals that appeal to workforce renters and commuters. Restaurant and grocery access rank above metro norms, while parks, pharmacies, and cafés are limited nearby—an amenity mix that favors daily convenience over leisure space.
Construction in the area skews older (average 1954), and the subject’s 1979 vintage is newer than much of the local stock—supporting relative competitiveness versus older assets, though investors should still plan for systems modernization and selective renovations to meet today’s renter expectations.
Renter-occupied housing accounts for a sizable share of neighborhood units (high national percentile), which signals a deep tenant base for multifamily. Neighborhood occupancy trends sit below national averages at present, so disciplined leasing and asset management are important to sustain performance.
Within a 3-mile radius, recent demographics show flat-to-modest population growth and a projected increase in households through 2028, indicating a larger tenant base and supporting occupancy stability. Median contract rents are moderate for the metro, and a rent-to-income profile around one-fifth suggests manageable affordability pressure—helpful for retention and measured pricing power in commercial real estate analysis.
Home values in this part of Summit County remain below national medians. In investor terms, a more accessible ownership market can introduce some competitive pressure on rents, but it also supports steady renter demand among households prioritizing flexibility or proximity to employment centers.
Safety indicators position the area in the top quartile nationally for lower estimated violent and property offense rates, based on WDSuite’s CRE market data. Recent one-year trend estimates point to some upward movement in incident rates, so prudent investors may wish to monitor trajectory alongside standard property-level security measures.
Compared with broader U.S. neighborhoods, the current standing suggests a comparatively favorable backdrop, while the short-term fluctuations reinforce the value of consistent operational oversight rather than block-level conclusions.
Proximity to regional employers supports renter demand and commute convenience for workforce tenants, notably in utilities, manufacturing, and logistics. The following anchors are within commutable range and help stabilize leasing dynamics in this submarket.
- FirstEnergy — utilities (3.8 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (4.4 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (15.1 miles)
- Home Depot Distribution Center — distribution (18.0 miles)
- Erie Insurance Group — insurance (19.0 miles)
1320 Bailey Rd is a 1979-vintage, 20-unit asset in an inner-suburban location where renter concentration is high for the metro, supporting demand depth and leasing durability. Neighborhood occupancy is softer than national norms, so returns hinge on disciplined operations; however, restaurant and grocery access, plus proximity to major employers, bolster day-to-day livability and leasing appeal. According to CRE market data from WDSuite, the property is newer than much of the local housing stock, which can aid competitive positioning versus older comparables even as selective modernization remains prudent.
Within a 3-mile radius, households are projected to grow through 2028, implying a larger tenant base and support for occupancy stability. A moderate rent-to-income profile suggests manageable affordability pressure that can aid retention, while relatively accessible ownership costs in the area may create some competition for renters—calling for attention to unit finishes, management quality, and value-add execution.
- Newer-than-neighborhood vintage (1979) offers competitive positioning versus older local stock
- High renter-occupied share in the neighborhood supports tenant depth and leasing stability
- 3-mile household growth outlook expands the renter pool and supports occupancy
- Proximity to major employers underpins workforce housing demand
- Risks: softer neighborhood occupancy and competition from ownership options require active leasing and targeted upgrades