| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 74th | Best |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3000 Graham Rd, Stow, OH, 44224, US |
| Region / Metro | Stow |
| Year of Construction | 1983 |
| Units | 80 |
| Transaction Date | 2016-02-22 |
| Transaction Price | $4,000,000 |
| Buyer | LAWRENCE PLAZA ASSETS LLC |
| Seller | STOW PLAZA APARTMENTS LLC |
3000 Graham Rd, Stow OH Suburban Multifamily Opportunity
Positioned in a high-performing suburban pocket of the Akron metro, this 80-unit asset benefits from strong neighborhood amenities and top-tier schools, according to WDSuite’s CRE market data. The location supports steady renter interest while ownership prevalence suggests measured but durable demand for well-managed apartments.
The property sits in a suburban neighborhood rated A+ within the Akron, OH metro, with amenity access that is competitive among local peers. Grocery, restaurant, cafe, and pharmacy density trends land in higher national percentiles, signaling daily convenience that typically supports leasing and retention for workforce tenants.
Schools in the neighborhood score at the top of the metro, a differentiator for family-oriented renters weighing stability and quality-of-life. Median household incomes trend above national norms while rent levels remain manageable relative to incomes, which can temper affordability pressure and aid renewal outcomes.
Construction vintage is 1983, a few years newer than the neighborhood’s average stock. That positioning can be competitively favorable versus 1970s-era assets, though investors should anticipate targeted modernization and systems updates to sustain rentability and control long-term capex.
Within a 3-mile radius, demographics point to a predominantly owner-occupied area with a renter-occupied share near one-quarter. While this indicates a smaller renter pool than urban cores, it often aligns with stable tenancy and measured turnover. Forecasts in the same 3-mile radius show modest population growth and an increase in household counts alongside slightly smaller household sizes—factors that can broaden the tenant base and support occupancy over time.
Home values in the area sit in a mid-range context for the region. In practice, an ownership-leaning landscape can introduce some competition for higher-earning households, but elevated acquisition and carrying costs for ownership still help sustain reliance on rentals—supporting lease retention and disciplined pricing for well-maintained communities.
Safety indicators are mixed when benchmarked nationally. Neighborhood-level crime reads below the national median for safety (around the 38th percentile), suggesting investors should underwrite prudent security and operating protocols. Property offenses have declined year over year, indicating improvement momentum, while violent offense estimates showed a recent uptick—reinforcing the need for standard risk management and resident engagement practices.
Relative to the Akron metro’s 180 neighborhoods, the area’s crime dynamics place it in a segment that warrants routine oversight rather than extraordinary measures. Operators commonly address this profile through lighting, access controls, and community standards to support resident experience and retention.
Proximity to established employers underpins daily commute convenience and supports renter demand, notably in utilities, manufacturing, logistics, and distribution. Nearby anchors include FirstEnergy, Goodyear Tire & Rubber, Norfolk Southern, Home Depot Distribution, and Airgas.
- FirstEnergy — utilities (8.1 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (8.1 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (13.2 miles)
- Home Depot Distribution Center — distribution (15.3 miles)
- Airgas Merchant Gases — industrial gases (20.3 miles)
3000 Graham Rd offers an investor-friendly blend of suburban fundamentals: high amenity access, top-ranked schools, and a renter base supported by above-average incomes with manageable rent burdens. According to CRE market data from WDSuite, neighborhood positioning is strong within the Akron metro, while an ownership-leaning context suggests measured but durable multifamily demand. The 1983 vintage is slightly newer than the surrounding stock, providing a competitive edge versus older assets, though targeted renovations and system updates can enhance leasing velocity and rent resilience.
Within a 3-mile radius, household counts are projected to rise even as household sizes trend slightly smaller—conditions that can expand the tenant base and support occupancy stability. Investors should balance these strengths against a mixed safety picture and metro-level softness in occupancy, underwriting prudent operations and value-add scope to capture durable cash flow.
- Suburban location with top-tier school performance and strong amenity access supporting leasing and retention
- Income levels and rent-to-income dynamics indicate manageable affordability pressure and renewal potential
- 1983 vintage offers competitive positioning versus older stock with clear value-add modernization pathways
- 3-mile household growth and smaller household sizes can broaden the renter pool and support occupancy
- Risks: mixed safety signals and metro occupancy softness warrant conservative underwriting and active management