| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 72nd | Best |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9209 Darrow Rd, Twinsburg, OH, 44087, US |
| Region / Metro | Twinsburg |
| Year of Construction | 1978 |
| Units | 96 |
| Transaction Date | 2008-03-11 |
| Transaction Price | $2,800,000 |
| Buyer | TWINSBURG SENIOR HOUSING LTD |
| Seller | TWINSBURG APARTMENTS INC |
9209 Darrow Rd Twinsburg Multifamily Value-Add Potential
Neighborhood fundamentals point to stable renter demand and competitive occupancy, according to WDSuite’s CRE market data, supporting a steady operating backdrop for this 96-unit asset. The investment story centers on value-add upside from a 1978 vintage in a suburban location with strong schools and income depth.
Twinsburg’s local area scores an A+ neighborhood rating and ranks 1 out of 180 Akron metro neighborhoods, indicating top-tier positioning within the region. The neighborhood’s occupancy rate is competitive among Akron neighborhoods and sits in the top quartile nationally, signaling durable renter demand at the neighborhood level rather than the property.
Livability supports retention. Average school ratings in the neighborhood are strong (above most U.S. neighborhoods), and everyday amenities such as grocery, pharmacy, parks, and a balanced restaurant/cafe mix are competitive among Akron submarkets. These features enhance leasing stickiness and day-to-day convenience for residents.
Tenure patterns suggest a moderate renter-occupied share in the neighborhood, indicating a defined but not saturated multifamily renter base. Home values are elevated for the metro context, which can sustain reliance on rental housing and support pricing power, while the neighborhood rent-to-income ratio around 0.15 indicates manageable affordability pressure that can aid retention and limit delinquency risk.
Within a 3-mile radius, population and household counts have expanded in recent years and are projected to continue growing, pointing to a larger tenant base and renter pool expansion. Household incomes in this 3-mile area skew upper-income, which aligns with the neighborhood’s strong demographic percentile rank and supports absorption for well-maintained or renovated units.
The average construction year in the neighborhood skews newer than this property. With a 1978 vintage versus a neighborhood average closer to the late 1980s, investors should plan for capital expenditures and modernization; the flip side is clear value-add potential to reposition against newer stock. Additionally, neighborhood-level NOI per unit benchmarks rank near the top of the metro, reinforcing the area’s operating strength (as measured at the neighborhood level).
Neighborhood-level crime metrics are not published in the provided dataset for this location. Investors typically benchmark safety by comparing neighborhood trends with broader Akron and Summit County data, supplementing with on-site diligence and discussions with local property managers.
Given the area’s strong schools and higher-income profile, many investors view safety as part of a broader livability assessment rather than a single statistic. A prudent approach is to validate trends with multiple sources over time and at different hours to contextualize resident experience and potential retention impacts.
The surrounding employment base features logistics, rail operations, industrial gases, and major corporate offices, supporting workforce housing demand and commute convenience for renters who work nearby.
- Norfolk Southern Motor Yard — rail operations (4.3 miles)
- Home Depot Distribution Center — logistics/distribution (4.7 miles)
- Airgas Merchant Gases — industrial gases (12.0 miles)
- Parker-Hannifin — diversified manufacturing (13.2 miles) — HQ
- Progressive — insurance (15.2 miles) — HQ
This 96-unit asset at 9209 Darrow Rd benefits from neighborhood fundamentals that rank at the top of the Akron metro and in the upper tier nationally for occupancy. According to CRE market data from WDSuite, the neighborhood’s renter demand, strong schools, and amenity access underpin a stable operating backdrop, while elevated ownership costs in the area tend to sustain reliance on multifamily housing and support pricing power.
Built in 1978, the property is older than the neighborhood’s late-1980s average, creating a straightforward value-add path through interior upgrades, common-area improvements, and system modernization. Within a 3-mile radius, population and household growth—alongside an upper-income profile—signal a larger tenant base over time, which can support occupancy stability and rent trade-outs for renovated units. Investors should also account for modest softening risk in neighborhood occupancy trends and for the area’s moderate renter concentration, which rewards disciplined leasing and renewal management.
- Top-ranked neighborhood within the Akron metro with competitive occupancy and strong schools supporting retention
- 1978 vintage offers clear value-add potential versus newer local stock
- 3-mile population and household growth expand the renter pool, supporting absorption and lease-up
- Elevated home values reinforce multifamily demand and can support pricing power for renovated units
- Risks: modest occupancy softening and a moderate renter-occupied share call for proactive leasing and renewal strategies