| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 74th | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2990 Graham Rd, Stow, OH, 44224, US |
| Region / Metro | Stow |
| Year of Construction | 1995 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2990 Graham Rd Stow Multifamily Investment
Built in 1995, this asset is newer than the neighborhood’s 1979 average and benefits from strong nearby retail and top-rated schools; neighborhood statistics such as occupancy and renter concentration reflect the surrounding area, according to WDSuite’s CRE market data.
The property sits in a suburban pocket of Stow within the Akron, OH metro, where the neighborhood holds an A+ rating and ranks 8 out of 180 metro neighborhoods. Daily needs are well covered: grocery access is strong (nationally high percentile), pharmacies are plentiful, and parks, cafes, and restaurants are meaningfully represented, supporting convenience-driven renter appeal. Childcare options are comparatively thin within the immediate neighborhood, which may modestly influence family-oriented demand.
School quality is a standout: the neighborhood’s average school rating is at the top of the metro (ranked 1 of 180) and sits among the strongest nationally. For investors, high-performing schools can support leasing velocity and retention for family renters, even as broader demand cycles shift.
Neighborhood-level occupancy is moderate and has softened over the past five years, indicating the need for disciplined leasing and asset management to maintain stability. The share of housing units that are renter-occupied in the neighborhood is roughly one-quarter, suggesting a measurable but not dominant multifamily tenant base. Within a 3-mile radius, demographic data show a slight population dip in recent years but a projected near-term uptick alongside a substantial increase in households, implying smaller household sizes and potential renter pool expansion that can support occupancy over time.
Home values in the neighborhood are elevated relative to local incomes but not extreme by national standards, reinforcing steady rental demand while still leaving some competition from ownership options. Median household incomes in the neighborhood are above many national peers, which can underpin rent collections and support pricing power when paired with prudent lease management.
Vintage also matters: with the neighborhood’s average construction year around 1979, a 1995-vintage asset can compete favorably against older stock, while investors should still plan for mid-life systems updates and targeted renovations to sustain positioning.
Safety trends are mixed and should be evaluated in context. The neighborhood is competitive among Akron neighborhoods (ranked 68 of 180), but compares below the national median for safety (around the 38th percentile nationwide). Property-related offenses have eased year over year, which is a constructive trend for asset operations, while violent offense metrics sit closer to national mid-range levels. Investors should underwrite with routine preventative measures and monitor local trendlines rather than relying on block-level assumptions.
Proximity to established employers supports renter demand and commute convenience, anchored by FirstEnergy, Goodyear Tire & Rubber, Norfolk Southern Motor Yard, Home Depot Distribution Center, and Airgas Merchant Gases within a commutable radius.
- FirstEnergy — energy utility (8.1 miles) — HQ
- Goodyear Tire & Rubber — tire & rubber manufacturing (8.1 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (13.2 miles)
- Home Depot Distribution Center — logistics & distribution (15.3 miles)
- Airgas Merchant Gases — industrial gases (20.2 miles)
This 1995-vintage, 40-unit asset positions ahead of older neighborhood stock, offering relative competitiveness against 1970s-era buildings while leaving room for targeted modernization to drive rent premiums. Strong neighborhood fundamentals—A+ neighborhood rating, high-performing schools, and robust amenity access—support steady leasing, even as neighborhood occupancy has moderated and requires attentive revenue management.
Within a 3-mile radius, recent softness in population is balanced by projections for a modest population increase and a notable rise in household counts, pointing to smaller household sizes and a broader renter pool over the next cycle. According to CRE market data from WDSuite, neighborhood incomes are comparatively strong and rent-to-income levels are manageable, which can support collections and retention, while home values remain sufficiently elevated to sustain multifamily reliance with some competition from ownership options.
- 1995 vintage vs. 1979 neighborhood average supports competitive positioning with value-add upgrade potential
- A+ neighborhood with top-ranked schools and strong amenity access bolsters leasing and retention
- 3-mile outlook shows household growth and a potentially expanding renter pool to support occupancy
- Income depth and manageable rent-to-income ratios aid pricing power and collections
- Risks: neighborhood occupancy has softened and ownership options remain competitive—underwrite conservative lease-up and capex