| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 68th | Good |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 379 N Main St, Munroe Falls, OH, 44262, US |
| Region / Metro | Munroe Falls |
| Year of Construction | 1973 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
379 N Main St Munroe Falls Multifamily Investment
Neighborhood occupancy around 95% and steady suburban fundamentals indicate durable renter demand and leasing stability, according to WDSuite’s CRE market data. With balanced ownership costs in Summit County, pricing power will depend on property positioning and operational execution.
Munroe Falls is a suburban pocket of the Akron, OH metro with an A- neighborhood rating and a position in the top quartile among 180 metro neighborhoods. Parks access is a relative strength (top quintile nationally), while everyday retail and cafes are thinner, suggesting residents rely on nearby nodes for services.
Neighborhood occupancy is 95.1% (top-third nationally per WDSuite), supporting an investment view centered on stability rather than rapid lease-up risk. Within a 3-mile radius, about one-third of housing units are renter-occupied, indicating a meaningful tenant base and depth for smaller multifamily assets without overexposure to transient demand.
School quality trends are favorable for a suburban context (average ratings in the upper national quartiles), which can aid retention for tenants prioritizing education. Home values in the neighborhood average around the mid-$200Ks, a high-cost ownership market for some local households but not extreme by national standards; for investors, this implies rental housing competes with attainable ownership options, so unit finishes and management quality matter for lease retention.
The property’s 1973 vintage is older than the neighborhood’s average construction year, highlighting potential value-add through targeted renovations and capital planning. Rent-to-income ratios trend on the lower side locally, which can reduce affordability pressure and support renewals, though premium repositioning should be calibrated to maintain a competitive rent-to-income balance.
Based on WDSuite’s data, the neighborhood ranks 12 out of 180 Akron-area neighborhoods for lower crime, placing it among the safer parts of the metro. Nationally, indicators point to stronger-than-average safety for property-related offenses, while violent offense benchmarks also compare favorably.
Recent year-over-year trends show improvement in property offenses but a less favorable shift in violent offense rates. For investors, this mix suggests generally supportive safety perceptions with a watchlist item on trend volatility; ongoing monitoring and standard on-site measures (lighting, access control, resident engagement) can help maintain leasing confidence.
Proximity to major employers in Akron underpins weekday traffic and supports renter retention through commute convenience. Key employment anchors nearby include FirstEnergy, Goodyear, a regional rail yard, and a large distribution center.
- FirstEnergy — utilities HQ (6.1 miles) — HQ
- Goodyear Tire & Rubber — manufacturing HQ (6.5 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (13.5 miles)
- Home Depot Distribution Center — logistics/distribution (16.1 miles)
- Airgas Merchant Gases — industrial gases (20.1 miles)
379 N Main St is a 26‑unit property in a suburban submarket where neighborhood occupancy is 95.1%, indicating stable leasing conditions relative to national norms. The 1973 vintage is older than average locally, creating a straightforward value‑add thesis through unit modernization and systems upgrades to defend rent positioning and reduce turn costs over time. Within a 3‑mile radius, a material share of housing units are renter‑occupied and household counts are projected to increase, pointing to a larger tenant base and support for occupancy stability.
Balanced home values and relatively manageable rent‑to‑income ratios imply that demand should be driven by service quality, convenience, and finishes rather than scarcity. According to CRE market data from WDSuite, the area’s safety profile is comparatively favorable at the metro level, while recent volatility in violent offense trends warrants monitoring. Execution focus should be on value‑add scope, expense control, and amenity-light positioning that resonates with workforce renters.
- Stable neighborhood occupancy supports steady cash flow potential
- 1973 vintage offers actionable value‑add and capital planning upside
- Renter concentration and projected household growth within 3 miles expand the tenant pool
- Proximity to major Akron employers aids leasing and retention
- Risks: limited walkable amenities and recent volatility in violent offense trends