| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 66th | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 265 N Thomas Rd, Tallmadge, OH, 44278, US |
| Region / Metro | Tallmadge |
| Year of Construction | 1979 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
265 N Thomas Rd, Tallmadge OH Multifamily Investment
Neighborhood occupancy is approximately 95% with steady renter demand and a broadening household base, according to WDSuite’s CRE market data. This location offers stable operations potential with pricing set against a high-cost ownership market in Summit County.
Tallmadge sits within the Akron metro and this neighborhood is rated A and ranks 14th out of 180 metro neighborhoods, putting it in the top quartile locally for overall livability and investor fundamentals. Amenity access is competitive, with grocery, restaurant, and cafe density performing above national midpoints, supporting day-to-day convenience for residents and helping with retention.
The neighborhood’s housing stock skews newer than many Midwest suburbs, but this asset’s 1979 vintage is older than the neighborhood average construction year of 1990. That age profile typically points to capital planning needs and potential value-add or modernization upside to enhance competitive positioning versus newer nearby product.
Operationally, neighborhood occupancy is approximately 95.2%, and the share of housing units that are renter-occupied is about 31%. This mix suggests an owner-leaning area with a defined renter base, supporting multifamily demand without oversaturation. At the broader 3-mile radius, demographics show population growth over the last five years and a projected increase through 2028, alongside rising household counts and slightly smaller average household sizes—factors that often expand the renter pool and support occupancy stability.
Home values are elevated for the region and rent-to-income levels indicate relatively manageable affordability pressure. For investors, this combination can support lease retention with measured pricing power, while still requiring attentive lease management as contract rents trend upward over time based on WDSuite’s commercial real estate analysis.
One potential tradeoff is limited park density within the neighborhood, though daily-needs retail and services (grocers, pharmacies, restaurants, childcare) test above national averages. Taken together, the area’s suburban setting, service access, and stable occupancy backdrop align with workforce-oriented renter demand drivers.
Safety indicators compare favorably to national norms overall. WDSuite’s data places the neighborhood around the 61st percentile nationally for overall safety. Property offenses are around the 65th percentile (safer than average) with a notable year-over-year decline, indicating improving trends. Violent offense levels sit near the 73rd percentile nationally (top quartile), though the most recent year shows an uptick that merits monitoring in underwriting and ongoing operations.
Within the Akron metro, safety performance is competitive among peer neighborhoods. The mixed trend—improvement in property offenses alongside a recent increase in violent incident rates—suggests a balanced view: current conditions support renter appeal and retention, but operators should continue standard security and community engagement practices and track trendlines as part of risk management.
Proximity to established employers anchors the local renter base and supports leasing stability, especially for workforce housing tied to utilities, manufacturing, logistics, and corporate services. Nearby employers include FirstEnergy, Goodyear Tire & Rubber, Norfolk Southern, Erie Insurance Group, and a Home Depot distribution facility.
- FirstEnergy — utilities HQ (3.5 miles) — HQ
- Goodyear Tire & Rubber — manufacturing HQ (3.6 miles) — HQ
- Norfolk Southern Motor Yard — rail logistics (15.9 miles)
- Erie Insurance Group — insurance services (18.2 miles)
- Home Depot Distribution Center — distribution/logistics (18.8 miles)
265 N Thomas Rd is a 48-unit, 1979-vintage asset positioned in a top-quartile Tallmadge neighborhood where occupancy is near the mid-90s and renter demand is supported by rising household counts within a 3-mile radius. Elevated ownership costs in the area tend to sustain reliance on multifamily housing, while day-to-day amenities test above national midpoints—benefits for retention and leasing velocity.
According to CRE market data from WDSuite, the neighborhood’s safety profile is favorable versus national norms and property crime has improved year over year, while violent offense trends should be monitored. The asset’s older vintage signals potential value-add opportunity and the need for targeted capital planning to remain competitive against newer nearby stock.
- Top-quartile neighborhood within Akron metro with stable occupancy and service-rich surroundings
- 3-mile demographics point to renter pool expansion via household growth and smaller household sizes
- Elevated ownership costs support sustained multifamily demand and lease retention potential
- 1979 vintage offers value-add and modernization upside with thoughtful capex execution
- Risks: limited park access, aging systems capex, and recent uptick in violent incident rates warrant monitoring