| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 70th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1865 Beacon Hill Cir, Cuyahoga Falls, OH, 44221, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1993 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1865 Beacon Hill Cir, Cuyahoga Falls Multifamily
Neighborhood fundamentals suggest stable renter demand supported by a high share of renter-occupied units and manageable rent-to-income levels, according to WDSuite’s commercial real estate analysis.
Located in an inner-suburban pocket of Cuyahoga Falls within the Akron metro, the neighborhood carries a B- rating (ranked 100 among 180 metro neighborhoods), signaling mixed but serviceable fundamentals for long-term hold strategies. Neighborhood occupancy is measured at the neighborhood level and trends below the metro average, which places a premium on hands-on leasing and renewal execution to sustain performance.
Renter-occupied housing is a large share of units (high by metro standards; ranked 7 of 180), which deepens the tenant base and supports demand stability for multifamily assets. Neighborhood-level rent-to-income around 0.18 indicates relatively manageable renter affordability, which can aid retention and reduce turnover sensitivity during softer leasing seasons.
Within a 3-mile radius, demographic statistics show modest population growth with a recent uptick in households and a slight reduction in average household size—factors that typically expand the renter pool and support occupancy over time. Forward-looking estimates within this radius point to additional household gains, reinforcing the near- to medium-term leasing outlook for well-managed properties.
Local retail and daily-needs amenities within the immediate neighborhood footprint are limited, so residents may rely on nearby corridors for groceries and services. For investors, this dynamic underscores the value of on-site conveniences and parking in driving lease-up velocity and renewals relative to older competitive stock across the Akron metro.
The average construction year in the neighborhood skews to the late 1990s. With a 1993 vintage, the property is slightly older than nearby stock, suggesting potential capital planning for common-area refreshes or system updates to stay competitive against later-vintage comparables.
Comparable neighborhood-level safety metrics were not available in WDSuite’s dataset for this location. Investors typically benchmark incident trends at the neighborhood or police-district level and compare them to broader Akron patterns to assess operational considerations such as lighting, access control, and insurance. Where data is limited, underwriting should incorporate third-party crime analytics and local reports to validate assumptions.
Proximity to major employers anchors workforce housing demand and supports commute convenience for residents, notably in utilities, manufacturing headquarters, rail operations, distribution, and insurance.
- FirstEnergy — utilities (4.1 miles) — HQ
- Goodyear Tire & Rubber — tire manufacturing HQ (4.5 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (15.1 miles)
- Home Depot Distribution Center — distribution & logistics (17.9 miles)
- Erie Insurance Group — insurance (19.0 miles)
This 36-unit, 1993-vintage asset sits in a renter-heavy neighborhood where the share of renter-occupied units is high by metro standards, broadening the tenant base and supporting leasing durability. Neighborhood occupancy runs below the metro average, so performance hinges on active management, competitive finishes, and renewal strategies. According to CRE market data from WDSuite, neighborhood rent-to-income levels are relatively manageable, which can help sustain retention even as rents trend upward with quality and service differentiation.
Within a 3-mile radius, demographics indicate modest population growth and an increase in households, pointing to a larger tenant base over time. Elevated home values at the neighborhood level relative to incomes are moderate for the region, implying some competition from ownership but also continued reliance on rentals for convenience and flexibility. With a slightly older vintage than the area’s late-1990s average, targeted value-add—systems maintenance, curb appeal, and common-area enhancements—can sharpen positioning against newer comparables.
- Renter-heavy neighborhood supports depth of demand and leasing stability.
- Manageable neighborhood rent-to-income aids renewal probability and pricing resilience.
- 3-mile radius shows household growth, expanding the local renter pool.
- 1993 vintage offers value-add potential versus late-1990s neighborhood stock.
- Risk: Neighborhood occupancy trails metro norms; execution and amenities are key to outperformance.