| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 71st | Best |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3674 Kent Rd, Stow, OH, 44224, US |
| Region / Metro | Stow |
| Year of Construction | 1974 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3674 Kent Rd, Stow OH Multifamily Opportunity
Neighborhood occupancy trends sit above the metro median with stable renter demand supported by nearby employment and daily amenities, according to WDSuite’s CRE market data. This location offers balanced cash flow potential with generally accessible rents and a suburban tenant base.
The property is in a suburban, A-rated neighborhood that ranks 25th of 180 Akron neighborhoods, placing it in the top quartile metro-wide for overall fundamentals. Neighborhood occupancy is above the metro median and in the upper half nationally, signaling steady lease-up and retention conditions for stabilized multifamily.
Daily convenience is a local strength: cafe density ranks competitively in the metro and sits in the top quartile nationally, pharmacies are likewise top quartile, and restaurants trend above national medians. Grocery access is modestly above the national midpoint, while formal park acreage is limited, a consideration for outdoor-oriented tenants. Average school ratings in the area track below national norms, which may influence unit mix appeal for family renters.
Within a 3-mile radius, demographics indicate a largely stable population with a modest increase in household counts projected alongside slightly smaller average household size. For investors, that pattern supports a larger tenant base over time even if population stays flat, helping underpin occupancy stability. The share of housing units that are renter-occupied is roughly one-quarter in the 3-mile area, suggesting a moderate renter concentration and reliable demand depth for well-positioned assets.
On pricing and affordability, local home values are mid-range in a regional context, and rents are generally accessible relative to incomes. That combination can support retention and lower turnover, though it may temper near-term pricing power versus high-barrier submarkets. Based on CRE market data from WDSuite, neighborhood rents have trended on the lower side versus national levels, which can favor lease stability when paired with amenity access and commute convenience.
Safety signals are mixed and should be evaluated with standard diligence. The neighborhood’s crime rank is on the lower end (41st among 180 Akron neighborhoods, where a lower rank indicates higher reported crime), positioning it below the metro average on this measure. Nationally, overall safety sits near the midpoint.
Violent-offense indicators are comparatively favorable, landing above the national median with recent year-over-year improvement, while property-offense metrics are below the national median and have increased over the past year. For investors, this suggests routine asset management measures—lighting, access control, and coordination with local resources—remain important to support resident retention.
Proximity to established employers supports a commuter tenant base and helps stabilize leasing. Nearby anchors include utilities, manufacturing headquarters, rail operations, and logistics—each contributing to steady, year-round employment relevant to workforce housing.
- FirstEnergy — utilities (6.9 miles) — HQ
- Goodyear Tire & Rubber — manufacturing (7.2 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (13.2 miles)
- Home Depot Distribution Center — logistics (15.6 miles)
- Airgas Merchant Gases — industrial gases (20.1 miles)
This 36-unit asset sits in a top-quartile Akron metro neighborhood with above-median occupancy and strong day-to-day convenience. According to CRE market data from WDSuite, the area’s rents are generally accessible relative to incomes, reinforcing retention and supporting stable cash flow. Employer proximity broadens the renter pool, while 3-mile household counts are projected to increase even as average household size trends slightly lower—conditions that typically aid leasing consistency over time.
Key considerations include a more ownership-leaning housing mix and mixed safety indicators—particularly on property offenses—both of which call for disciplined operations and targeted amenities. With competitive amenity access and a suburban tenant profile, the asset’s performance should center on steady occupancy, thoughtful turn management, and selective value-add to capture durable demand without overreliance on rent growth.
- Above-median neighborhood occupancy supports leasing stability versus metro peers
- Accessible rents relative to incomes bolster retention and cash flow durability
- Proximity to regional employers underpins a consistent workforce renter base
- Household growth within 3 miles expands the tenant base even with flat population
- Risk: ownership-leaning market and mixed property-crime trends may temper pricing power