| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 78th | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1941 Hidden Lake Dr, Stow, OH, 44224, US |
| Region / Metro | Stow |
| Year of Construction | 1988 |
| Units | 90 |
| Transaction Date | 2007-02-13 |
| Transaction Price | $15,085,840 |
| Buyer | JVM HIDDEN LAKE APARTMENTS LLC |
| Seller | MARCLIFF HIDDEN LAKE APARTMENTS LP |
1941 Hidden Lake Dr, Stow OH Multifamily Opportunity
Stabilized suburban setting with high neighborhood occupancy supports steady renter demand, according to WDSuite’s CRE market data.
Stow’s suburban fundamentals are supportive for multifamily: the neighborhood posts a high occupancy level (97.1%), placing it in the top quartile nationally and competitive among the 180 Akron neighborhoods. Median household income is strong relative to both the metro and nation, bolstering renter qualifications and lowering turnover risk, while a rent-to-income ratio around 14% indicates manageable affordability pressure that can aid retention and lease management.
Amenity access skews toward outdoor and daily-needs convenience rather than dense retail: park access is a standout (top-quartile nationally), and grocery presence is above the national median; restaurants are near the national midpoint, while cafes, childcare, and pharmacies are comparatively sparse. Average school ratings trend above the metro median and above the national midpoint, a point that can support family-oriented renter demand.
Vintage for this property is 1988, slightly newer than the neighborhood’s average stock. That positioning can be competitive versus older assets, though investors should plan for standard system upgrades and selective renovations to keep up with modern expectations. Home values sit a bit above the national midpoint for similar areas, which, combined with strong incomes, suggests ownership is relatively accessible; this can introduce competition for households weighing renting versus buying, an important factor for pricing strategy.
Within a 3-mile radius, WDSuite data indicates population has been roughly flat recently, but households are projected to increase over the next five years, pointing to a larger tenant base even as household sizes shift. This dynamic, combined with income growth above national trends, supports occupancy stability and measured rent growth expectations grounded in multifamily property research rather than outsized assumptions.
Neighborhood safety indicators are mixed in comparative terms. Overall crime levels benchmark around the national middle, with property-related incidents tracking slightly better than the U.S. median and violent-offense rates near the national midpoint, according to WDSuite. Recent year-over-year trends show improvement in property offenses but volatility in violent-offense measures, so prudent underwriting should assume stable-to-mixed safety conditions rather than linear improvement.
Relative to the Akron metro’s 180 neighborhoods, the area compares competitively in several quality-of-life factors that can support nighttime activity (parks and daily needs), which can indirectly aid perceived safety, but investors should still rely on current, property-level security assessments and professional management practices when budgeting for operations.
The renter base benefits from proximity to established regional employers offering diverse white- and blue-collar roles, supporting commute convenience and leasing stability. Nearby anchors include FirstEnergy, Goodyear, Norfolk Southern’s motor yard, a Home Depot distribution facility, and Airgas Merchant Gases.
- FirstEnergy — utilities (9.0 miles) — HQ
- Goodyear Tire & Rubber — tires & corporate (9.7 miles) — HQ
- Norfolk Southern Motor Yard — rail freight operations (10.7 miles)
- Home Depot Distribution Center — logistics distribution (13.0 miles)
- Airgas Merchant Gases — industrial gases (17.8 miles)
This 90-unit, 1988-vintage asset sits in a suburban neighborhood with high occupancy and solid incomes, supporting steady demand and creditworthy tenant profiles. Based on CRE market data from WDSuite, the surrounding area ranks above the metro median on key livability inputs (parks, schools relative to the metro) and posts top-quartile occupancy nationally, signaling durable stabilization. While ownership is relatively accessible locally, the rent-to-income profile suggests room for disciplined pricing without overextending affordability.
Within a 3-mile radius, households are projected to increase, indicating a potential expansion of the renter pool even as overall population trends remain flat. The 1988 vintage is slightly newer than the neighborhood norm, providing a competitive edge versus older stock; investors can focus on targeted renovations and system updates to sustain positioning and drive retention.
- High neighborhood occupancy and strong incomes support tenant quality and lease stability.
- Suburban amenities led by park access and adequate grocery options underpin livability.
- 1988 vintage offers competitiveness versus older assets with targeted value-add potential.
- 3-mile household growth outlook points to a larger renter base supporting occupancy.
- Risks: relatively accessible homeownership can compete for households; safety metrics are mixed year-over-year; limited cafe/childcare/pharmacy density may temper amenity-driven premiums.