| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 70th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1320 Kennedy Blvd, Cuyahoga Falls, OH, 44221, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1991 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1320 Kennedy Blvd Cuyahoga Falls Multifamily Investment
Neighborhood data points to a deep renter base and mid-range rents that can support steady leasing, according to WDSuite’s CRE market data.
Situated in Cuyahoga Falls within the Akron metro, the neighborhood carries a B- rating and is categorized as an Inner Suburb. Relative to the metro’s 180 neighborhoods, it sits around the middle of the pack overall, with limited immediate retail and service density. That low amenity density may place a premium on commute access and property-level conveniences to aid retention.
The housing stock nearby trends newer than many peers (top quartile nationally by average construction year), which supports competitive curb appeal at the submarket level. By contrast, the subject’s 1991 vintage is older than the neighborhood average, suggesting pragmatic capital planning and selective renovations could enhance positioning against newer comparative product.
Renter concentration is a notable strength: approximately two-thirds of neighborhood housing units are renter-occupied, ranking 7th of 180 locally and in the 96th percentile nationally. For investors, that indicates depth in the tenant base and supports demand for multifamily units, even as property operations still depend on effective marketing and management.
Median contract rents benchmark near the metro middle while the rent-to-income ratio runs on the moderate side locally, which can help support lease retention. Home values are comparatively accessible for the region, which may introduce some competition from ownership options, but the sizable renter cohort and stable, diversified household mix continue to underpin multifamily demand.
Within a 3-mile radius, the population has been broadly stable with households increasing in recent years and projected to grow further by 2028, indicating a larger tenant base over time. This household growth, alongside a mix of age cohorts led by working-age residents, supports occupancy stability and incremental pricing power when paired with thoughtful unit updates.
Neighborhood-level crime ranks are not available for this location in WDSuite at this time. Investors typically benchmark safety using city and metro trends alongside property-level incident data and management practices. A prudent approach is to compare multi-year trends and focus on visibility, lighting, and access controls that support leasing and retention.
Proximity to established regional employers supports workforce housing demand and commute convenience for residents, most notably in utilities, tire manufacturing, rail logistics, retail distribution, and consumer goods—each represented below.
- 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 — retail distribution (17.8 miles)
- J.M. Smucker — consumer goods (24.5 miles) — HQ
This 24-unit property built in 1991 benefits from a neighborhood with a high share of renter-occupied housing and mid-range rent levels, indicating depth in the tenant pool and manageable affordability pressure. Based on commercial real estate analysis from WDSuite, the area’s average construction year skews newer, so targeted renovations and common-area upgrades can help this asset compete effectively with more recent stock.
Households within a 3-mile radius have been increasing and are projected to expand further by 2028, pointing to a larger renter pool over time. While neighborhood occupancy trends have been below the metro median in recent years, active leasing, refreshed unit finishes, and attention to operations provide avenues to sustain performance and capture demand from nearby employment hubs.
- Deep renter base locally supports demand and leasing stability.
- 1991 vintage presents value-add potential versus newer neighborhood stock.
- Household growth within 3 miles expands the tenant pool through 2028.
- Mid-range rents and moderate rent-to-income ratios aid retention.
- Risk: below-median neighborhood occupancy requires focused leasing and asset management.