| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 76th | Best |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5400 Darrow Rd, Hudson, OH, 44236, US |
| Region / Metro | Hudson |
| Year of Construction | 2013 |
| Units | 112 |
| Transaction Date | 2015-01-20 |
| Transaction Price | $18,900,000 |
| Buyer | Gables of Hudson, LLC |
| Seller | Great Hudson LLC |
5400 Darrow Rd, Hudson OH — 2013 Multifamily, 112 Units
Positioned in an A+ suburban neighborhood with strong incomes and steady renter demand, this asset benefits from neighborhood-level occupancy that has held firm, according to WDSuite’s CRE market data. In the middle of the market cycle, insights from commercial real estate analysis point to durable leasing supported by elevated ownership costs nearby.
Hudson’s A+ suburban setting supports stable multifamily operations. The neighborhood ranks 4th among 180 Akron neighborhoods, placing it in the top quartile locally, and national amenity measures trend above average, with restaurants and cafés comparatively dense for a suburban node. These location fundamentals translate to consistent renter interest without overreliance on urban cores.
Neighborhood-level financial performance indicators are strong. Average NOI per unit ranks 3rd of 180 in the metro (top quartile), and the neighborhood’s occupancy is competitive among Akron neighborhoods, supported by a renter-occupied housing share around one-quarter. Median contract rents here sit in the metro’s top tier while the rent-to-income ratio remains moderate, indicating room for disciplined pricing and retention management rather than overextension.
Within a 3-mile radius, demographics show a large, high-income tenant base and incremental growth. Households and population have been edging higher and are projected to expand further over the next five years, implying a larger tenant base and supportive absorption. Elevated home values relative to incomes in the immediate area reinforce reliance on multifamily options, which can support occupancy stability and measured rent growth.
Vintage context is favorable for this property: built in 2013 versus a neighborhood average vintage from the 1970s. Newer construction typically competes well against older stock, with potential advantages in unit layouts, building systems, and operating efficiency; investors should still plan for ongoing modernization as the asset approaches mid-life.
Comparable safety metrics for this neighborhood are not available in WDSuite at this time. Investors commonly benchmark property-level risk using metro and peer-submarket context when new data is released and may complement with third-party sources for underwriting.
The area draws from a diverse employment base that supports commuter-friendly renter demand, led by transportation, utilities, manufacturing, and distribution employers listed below.
- Norfolk Southern Motor Yard — rail operations (9.5 miles)
- FirstEnergy — utilities (9.8 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (10.7 miles) — HQ
- Home Depot Distribution Center — distribution (11.8 miles)
- Airgas Merchant Gases — industrial gases (16.6 miles)
2013 construction and a 112-unit scale position 5400 Darrow Rd as a competitive suburban asset relative to older neighborhood stock. Neighborhood-level occupancy remains solid and median contract rents sit near the top of the Akron metro, while rent-to-income trends suggest manageable affordability pressure—factors that support retention and measured rent growth. Elevated home values nearby help sustain renter reliance on multifamily housing, and within a 3-mile radius both households and population are projected to increase, pointing to a larger tenant base over the next five years.
According to CRE market data from WDSuite, the neighborhood ranks among the metro’s leaders on NOI per unit and maintains competitive occupancy. The newer vintage offers relative operating advantages versus 1970s-era stock, though investors should budget for mid-life system updates and selective repositioning to stay ahead of newer deliveries.
- Newer 2013 vintage competes well against older neighborhood inventory, supporting operational efficiency and leasing appeal.
- Competitive neighborhood occupancy and top-tier metro rent positioning support pricing power with focus on retention.
- High local home values reinforce multifamily demand and can sustain leasing stability.
- 3-mile radius outlook shows population and household growth, expanding the renter pool and supporting absorption.
- Risks: moderate affordability pressure management, limited nearby pharmacy access, and routine mid-life capital needs for building systems.