| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 71st | Best |
| Amenities | 27th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 525 Meredith Ln, Cuyahoga Falls, OH, 44223, US |
| Region / Metro | Cuyahoga Falls |
| Year of Construction | 1981 |
| Units | 21 |
| Transaction Date | 2008-08-25 |
| Transaction Price | $1,050,000 |
| Buyer | WEL PROPERTIES LLC |
| Seller | SHEPHERD DAVID R |
525 Meredith Ln Cuyahoga Falls Multifamily Investment
Neighborhood occupancy is solid and renter demand is supported by steady household growth, according to WDSuite’s CRE market data. Expect durable day-to-day fundamentals with measured upside from operational improvements rather than outsized rent lifts.
Located in a suburban pocket of Cuyahoga Falls (Akron metro), the neighborhood carries a B+ rating and ranks 66 out of 180 metro neighborhoods — competitive among Akron neighborhoods while offering a quieter setting for workforce renters. Restaurant density scores well in the metro, while cafes, groceries, and parks are sparser, so residents typically rely on nearby corridors for daily needs.
Neighborhood occupancy of 95.8% sits in the top quartile nationally and is competitive in the metro (ranked 59 of 180). This backdrop supports leasing stability and lowers exposure to prolonged vacancies relative to lower-occupancy subareas.
The property’s 1981 vintage is slightly newer than the neighborhood’s average construction year (1977). That positioning can be advantageous versus older stock, though investors should plan for system updates and selective renovations to maintain competitiveness.
Within a 3-mile radius, renter-occupied housing accounts for roughly four in ten units, indicating a meaningful tenant base and depth for smaller multifamily assets. Household incomes in the neighborhood sit around the national midpoint, and the rent-to-income profile (0.14) suggests manageable affordability pressure — a factor that can aid retention and reduce concessions management in typical leasing cycles.
Demographics aggregated within a 3-mile radius point to modest population growth over the last five years and an increase in households, with forecasts indicating further, if measured, expansion. This trend implies a gradually larger renter pool that supports occupancy stability.
Median home values in the neighborhood track below national norms (low national percentile), which can make ownership more accessible relative to high-cost markets. For multifamily owners, that dynamic can introduce competition from entry-level ownership; pricing and retention strategies should reflect that local context, particularly for renovated units.
Schools average around 3.0 out of 5 and sit above the national median (61st percentile), offering baseline family appeal without being a primary rent driver.
Safety indicators compare favorably at the national level: violent-offense rates benchmark in the 91st percentile (safer than most neighborhoods nationwide), and property-offense rates in the 79th percentile. Recent year-over-year trends also show declines in both categories, notably a sharp decrease in property offenses, according to WDSuite’s data. Conditions can vary block to block within the Akron metro, so investors should verify site-specific security and lighting during due diligence.
Proximity to established employers underpins commuter convenience and supports renter retention. Nearby anchors include FirstEnergy, Goodyear Tire & Rubber, Norfolk Southern’s motor yard, a Home Depot distribution facility, and Airgas operations.
- FirstEnergy — utilities HQ (4.4 miles) — HQ
- Goodyear Tire & Rubber — manufacturing HQ (6.5 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (13.1 miles)
- Home Depot Distribution Center — logistics/distribution (16.6 miles)
- Airgas Merchant Gases — industrial gases (18.4 miles)
525 Meredith Ln offers investors a stabilized, workforce-oriented position within a competitive Akron metro neighborhood. Occupancy in the immediate area is strong and in the top quartile nationally, supporting consistent collections and shorter lease-up timelines versus softer submarkets. The 1981 vintage is slightly newer than the area’s average, with potential to capture incremental returns through targeted renovations and operational efficiencies rather than heavy repositioning.
Demand fundamentals are reinforced by a meaningful renter concentration within a 3-mile radius and steady household growth, pointing to a gradually expanding tenant base. According to CRE market data from WDSuite, ownership costs in this neighborhood are comparatively accessible by national standards, which can cap aggressive rent pushes; thoughtful unit upgrades and service quality become key levers for retention and pricing power.
- Strong neighborhood occupancy supports leasing stability and reduces downtime risk.
- 1981 vintage offers value-add via targeted renovations and operational improvements.
- Expanding household counts within 3 miles signal a gradually larger renter pool.
- Proximity to regional employers supports commuter demand and retention.
- Risk: More accessible ownership locally can temper rent growth; focus on retention and service quality.