| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 62nd | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 Munroe Falls Ave, Cuyahoga Falls, OH, 44221, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1996 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 Munroe Falls Ave Cuyahoga Falls Multifamily Investment
1996 construction offers a competitive edge versus older neighborhood stock, with renter demand supported by a meaningful renter-occupied share, according to WDSuite’s CRE market data. Neighborhood occupancy trends trail national averages, so underwriting should prioritize durable tenant demand and leasing execution.
This Inner Suburb location in the Akron metro carries a B neighborhood rating and is competitive among 180 Akron neighborhoods. The area skews older in housing stock, so a 1996 asset can position well against mid-century properties while planning for selective system updates or common-area refresh to stay current.
Everyday convenience is solid: grocery and restaurant access rank above the metro median, while cafes, parks, and pharmacies are comparatively sparse. Childcare density sits in the top quartile locally, which supports working households and can aid lease stability for family-oriented unit mixes.
Neighborhood rent levels are moderate and the rent-to-income ratio sits in a range that tends to support retention. The share of renter-occupied housing units is elevated for the metro, indicating a deeper tenant base relative to nearby owner-heavy areas. By contrast, neighborhood occupancy is below national norms, so consistent operations and targeted amenities can matter more for maintaining occupancy.
Demographics within a 3-mile radius show population essentially flat in recent years, with a modest increase in households and smaller average household sizes. Looking ahead, WDSuite’s CRE market data indicates households are expected to increase, which would expand the local renter pool and support multifamily demand even if population growth remains subdued.
Compared with the Akron metro, this neighborhood performs competitive on composite crime measures (ranked in the stronger group among 180 neighborhoods). Nationally, overall safety indicators sit around the middle of the pack, but WDSuite’s data shows property and violent offense rates benchmarking in higher (safer) national percentiles than broad composite metrics.
Recent year readings indicate an uptick in estimated offense rates, so investors should underwrite with standard risk controls—lighting, access management, and resident screening—while monitoring trend direction rather than relying on a single-year improvement or deterioration.
Proximity to Akron’s diversified employment base supports renter demand with commute-friendly access to utilities, manufacturing, logistics, and industrial services. The employers below represent nearby anchors that can help stabilize leasing and retention.
- FirstEnergy — electric utility (4.5 miles) — HQ
- Goodyear Tire & Rubber — manufacturing & corporate (5.5 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (13.8 miles)
- Home Depot Distribution Center — distribution (16.8 miles)
- Airgas Merchant Gases — industrial gases (19.9 miles)
Built in 1996, this 20‑unit asset is newer than much of the surrounding housing stock, offering a relative competitive position versus mid-century product while leaving room for targeted capital improvements. Neighborhood rents are moderate and the renter-occupied share is elevated, supporting depth of tenant demand even as neighborhood occupancy trends sit below national averages, per commercial real estate analysis from WDSuite.
Within a 3‑mile radius, households have grown despite flat population, and are projected to continue increasing—expanding the local renter pool and supporting occupancy stability. Ownership costs in the area are comparatively accessible, which can create some competition with for-sale housing; however, moderate rent-to-income dynamics can aid lease retention when paired with disciplined operations.
- 1996 vintage positions competitively versus older neighborhood stock with selective value-add potential
- Elevated renter-occupied share supports tenant base depth and leasing velocity
- Household growth within 3 miles points to a larger renter pool and occupancy support
- Moderate rent levels and rent-to-income dynamics can bolster retention and pricing discipline
- Risk: neighborhood occupancy trends below national norms and accessible ownership options may add competitive pressure