| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 72nd | Best |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2626 E Aurora Rd, Twinsburg, OH, 44087, US |
| Region / Metro | Twinsburg |
| Year of Construction | 1998 |
| Units | 54 |
| Transaction Date | 2006-01-28 |
| Transaction Price | $5,513,760 |
| Buyer | GV RENTAL PROPERTIES LLC |
| Seller | GRANDE VILLAGE VILLAS LP |
2626 E Aurora Rd Twinsburg Multifamily Investment
Neighborhood multifamily occupancy is near the mid-90s, indicating stable renter demand at the submarket level, according to WDSuite’s CRE market data. With a suburban setting and balanced amenity access, the area supports durable leasing fundamentals rather than transient turnover.
The neighborhood around 2626 E Aurora Rd holds an A+ rating and ranks 1st among 180 Akron neighborhoods, signaling a mature suburban location with consistent renter demand. Occupancy performance is competitive among Akron neighborhoods (54 of 180) and sits in the top quartile nationally, supporting income stability for professionally managed assets.
Amenities are a relative strength: amenity access and café density are top quartile among 180 Akron neighborhoods, with grocery and park access comparing favorably to metro norms. Average school ratings are top quartile nationally and near the top of the Akron metro (13 of 180), which can reinforce retention for larger households.
At the neighborhood level, contract rents benchmark above many Akron submarkets (top-quartile national positioning), while the rent-to-income ratio around 0.15 suggests manageable affordability and supports renewal probability. Median home values are elevated for the region, which can reinforce reliance on rental options and sustain multifamily demand.
The property’s 1998 vintage is newer than the neighborhood’s average construction year (1989). That positioning can be advantageous versus older stock while still warranting capital planning for systems refreshes and selective interior upgrades to maintain leasing velocity.
Demographics within a 3-mile radius show recent population growth with additional gains projected over the next five years, alongside increases in households and higher-income cohorts. This implies a gradually expanding tenant base and supports occupancy stability and disciplined rent management. The neighborhood’s renter concentration is moderate (about one-quarter of housing units are renter-occupied), providing demand depth without overreliance on transiency.
Comparable, neighborhood-level crime data are not available in WDSuite for this location, so no precise safety ranking is presented. Investors should review local records, ownership history, and property-level incident logs to understand trendlines. The suburban context and strong school ratings point to a generally stable living environment, but underwriting should rely on verified local evidence.
Nearby employment spans logistics, industrial, and corporate offices that support commuter demand and retention, including Norfolk Southern Motor Yard, Home Depot Distribution Center, Airgas Merchant Gases, Parker-Hannifin, and Progressive.
- Norfolk Southern Motor Yard — rail operations (4.3 miles)
- Home Depot Distribution Center — logistics (5.1 miles)
- Airgas Merchant Gases — industrial gases (12.1 miles)
- Parker-Hannifin — diversified manufacturing (13.6 miles) — HQ
- Progressive — insurance (15.7 miles) — HQ
Positioned in Twinsburg’s top-rated suburban neighborhood, this 54-unit, 1998-vintage asset benefits from competitive neighborhood occupancy and top-decile NOI-per-unit performance nationally, based on CRE market data from WDSuite. Rents sit above many Akron submarkets while neighborhood rent-to-income near 0.15 indicates balanced affordability that can aid retention and steady renewals.
Within a 3-mile radius, recent population growth, rising household counts, and expanding higher-income segments suggest a larger tenant base over the next five years, supporting occupancy stability and disciplined rent strategies. Newer-than-average vintage versus local stock offers relative competitiveness, with targeted updates likely sufficient to sustain leasing momentum.
- Competitive occupancy and top-tier neighborhood quality support income durability
- Rents above many Akron submarkets with rent-to-income around 0.15 aids renewals
- 1998 construction offers a competitive edge versus older stock with focused capex
- Risk: moderate renter concentration and rising rents require careful lease management and marketing to sustain absorption