| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 68th | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 210 N Main St, Munroe Falls, OH, 44262, US |
| Region / Metro | Munroe Falls |
| Year of Construction | 1975 |
| Units | 30 |
| Transaction Date | 2018-12-27 |
| Transaction Price | $1,770,000 |
| Buyer | TRITON PROPERTY VENTURES LLC |
| Seller | R & J PROPERTIES PA |
210 N Main St, Munroe Falls OH — 30-Unit Value-Add
Neighborhood occupancy is solid and parks and school quality are competitive for the Akron metro, pointing to steady renter demand according to WDSuite s CRE market data.
Munroe Falls sits within the Akron, OH metro and this neighborhood is rated A- (ranked 30 out of 180 metro neighborhoods), indicating competitive fundamentals for investors screening suburban assets. Neighborhood occupancy is 95.1% (for the neighborhood, not the property), which trends above many areas nationally and supports leasing stability per WDSuite s commercial real estate analysis.
Amenity access is mixed: park access benchmarks in the 83rd percentile nationwide, while grocery access is around the national middle. Caf E9 and pharmacy density are thinner than the national norm, a consideration for lifestyle-sensitive renters. Average school ratings are in the top quartile nationally (ranked 23 of 180 locally), which can help retention for family renters.
Rents within the neighborhood skew toward the higher end of the metro (ranked 5th of 180 for contract rent), while the rent-to-income ratio indicators suggest comparatively manageable rent burdens. For investors, this combination typically supports stable collections with measured pricing power rather than outsized rent growth.
Tenure patterns show a lower renter concentration at the neighborhood level (renter-occupied share is modest), which can limit near-term competition among multifamily operators. Within a 3-mile radius, demographics show a broader tenant base with roughly one-third of housing units renter-occupied, and households are projected to increase through the forecast period, implying a larger tenant pool and support for occupancy.
Safety indicators compare favorably at a national level. Overall crime metrics place the neighborhood above the national median for safety, with violent-offense measures benchmarking in a stronger national percentile. At the same time, recent-year trends show a notable decline in property offenses alongside an uptick in violent-offense reporting. Investors should interpret this as generally supportive for long-term livability, while monitoring trend direction rather than any single-year reading.
The area draws from a diverse employment base that supports commuter demand for workforce and mid-level housing, including utilities, manufacturing, logistics, and transportation employers noted below.
- FirstEnergy — utilities (5.9 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (6.3 miles) — HQ
- Norfolk Southern Motor Yard — transportation & logistics (13.8 miles)
- Home Depot Distribution Center — distribution (16.4 miles)
Built in 1975, this 30-unit asset offers classic value-add potential: an older vintage relative to the area s average construction year suggests targeted renovations and systems upgrades can improve competitiveness versus newer stock, while neighborhood occupancy remains supportive of lease-up stability. Within a 3-mile radius, population is stable and households are projected to increase, pointing to a larger tenant base and durable demand for rental units.
Neighborhood indicators show parks and schools benchmarking well versus national peers, while rents trend higher in the local rank order with comparatively moderate rent-to-income signals that can aid retention. According to CRE market data from WDSuite, safety benchmarks compare favorably nationally even as recent-year violent-offense trends warrant monitoring, reinforcing a balanced, long-term view of risk and stability.
- 1975 vintage positions the asset for value-add upgrades and operational upside
- Neighborhood occupancy (measured for the neighborhood) supports leasing stability
- 3-mile household growth and smaller household sizes expand the renter pool over time
- Parks and school ratings compare well nationally, aiding retention
- Risk: rents rank high locally and safety trends are mixed year-over-year, warranting disciplined underwriting