| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 69th | Good |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 171 Graham Rd, Cuyahoga Falls, OH, 44223, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1985 |
| Units | 59 |
| Transaction Date | 2019-12-10 |
| Transaction Price | $8,500,000 |
| Buyer | TITAN HOLDINGS LLC |
| Seller | RV PROPERTIES LLC |
171 Graham Rd, Cuyahoga Falls OH — Multifamily Investment
Positioned in Cuyahoga Falls within the Akron metro, this 59-unit property offers steady renter demand supported by a moderate renter-occupied share and stable neighborhood occupancy, according to WDSuite s CRE market data.
The property sits in an Inner Suburb neighborhood of the Akron metro rated A (ranked 12 out of 180 neighborhoods), placing it in the top tier locally. Neighborhood amenities are competitive: cafes are relatively dense (ranked 19 of 180), while grocery access trends closer to the metro middle. Pharmacy options are limited within the immediate area. Median school ratings land around the national midpoint, which supports broad renter appeal without serving as a premium driver.
Rents in the neighborhood trend near national midpoints and have grown modestly over the last five years, per WDSuite s commercial real estate analysis. Neighborhood occupancy is in the low 90s with a slight multi‑year softening, indicating generally stable operations but selective pricing power. The local renter-occupied share is in the mid-30s, suggesting a moderate depth of tenant demand for multifamily units rather than a highly transient renter base.
Within a 3-mile radius, demographics point to a growing tenant base: population and households expanded in recent years and are projected to rise further by 2028. Household sizes are edging smaller, which can favor smaller formats and support consistent lease-up. Incomes have increased meaningfully, which can underpin collections and support measured rent growth, while still requiring attention to rent-to-income thresholds for retention.
Home values in the neighborhood are elevated for the region, and the value-to-income ratio sits on the higher side locally. That landscape tends to sustain reliance on rental housing and supports retention, particularly for well-maintained, professionally managed assets that offer more accessible monthly payments than ownership.
Safety indicators compare favorably at the national level: violent-offense measures are in a high national percentile (safer relative to most neighborhoods nationwide), and property offenses also track better than average. Recent year-over-year trends show improvement on both violent and property categories, according to CRE market data from WDSuite.
Within the Akron metro, conditions are mixed by sub-area, and investors should assess micro-location patterns around 171 Graham Rd. The broader takeaway is that national benchmarks position the neighborhood as comparatively safer, while on-the-ground due diligence remains important for asset operations and leasing strategy.
Nearby anchor employers provide a diversified employment base that supports renter demand and commute convenience, led by utilities, manufacturing, and logistics. The list below highlights the closest major employers relevant to workforce housing dynamics noted above.
- FirstEnergy utilities (4.9 miles) — HQ
- Goodyear Tire & Rubber — manufacturing & corporate (6.6 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (12.7 miles)
- Home Depot Distribution Center — distribution (16.0 miles)
- Airgas Merchant Gases — industrial gases (18.4 miles)
171 Graham Rd combines a solid neighborhood profile with durable renter demand. Built in 1985, the asset is slightly older than the area s average vintage, which creates a straightforward value-add path through targeted interior updates and systems modernization while competing on price against newer stock. Neighborhood occupancy trends in the low 90s and a moderate renter-occupied share point to a stable tenant base; elevated ownership costs locally further sustain rental reliance. According to CRE market data from WDSuite, rents track near national midpoints with measured growth, supporting consistent operations rather than outsized volatility.
Within a 3-mile radius, recent and projected increases in population and households expand the renter pool. Rising incomes support collections and thoughtful rent management, while smaller household sizes can align with efficient floorplans. Overall, the thesis centers on stable occupancy, incremental rent growth, and pragmatic value-add upside, balanced by typical capex for a 1980s-vintage property and close-in submarket due diligence.
- Stable neighborhood occupancy and moderate renter concentration support consistent leasing
- Value-add potential given 1985 vintage and competitive positioning vs. newer product
- Elevated ownership costs in the area reinforce renter demand and retention
- 3-mile population and household growth expand the tenant base and support pricing
- Risks: routine capex for 1980s systems and submarket-level variation in safety requiring site-specific diligence