| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 38th | Good |
| Demographics | 46th | Fair |
| Amenities | 34th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 596 Stull Ave, Girard, OH, 44420, US |
| Region / Metro | Girard |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $645,000 |
| Buyer | BRIANNA PLACE LTD |
| Seller | CARBONE LAWRENCE |
596 Stull Ave, Girard OH 24-Unit Multifamily
Stabilized neighborhood occupancy and a broadening renter base suggest durable cash flow potential, according to WDSuite’s CRE market data. Expect steady demand drivers typical of Youngstown–Warren–Boardman s suburban submarkets, with pricing power moderated by an accessible ownership market.
Situated in Girard s suburban fabric, the neighborhood is rated B+ and is competitive among Youngstown Warren Boardman neighborhoods (rank 63 of 222). Neighborhood occupancy is above the metro median, with recent trends indicating stability that supports lease retention for workforce-oriented assets.
Livability is mixed: cafes and pharmacies are comparatively accessible (both scoring in the higher national percentiles), while neighborhood counts for parks and grocery stores are limited. Average school ratings hover near the national midpoint, which aligns with balanced but not premium renter expectations for family-oriented households.
Vintage context matters. Built in 1973, the property is newer than the neighborhood s average construction year (1967). Investors should plan for ongoing systems maintenance typical of 1970s assets, while noting the asset s relative competitiveness versus older nearby stock for leasing and repositioning.
Tenure patterns indicate a lower renter concentration at the neighborhood level (about one-quarter of housing units are renter-occupied), while the 3-mile radius shows roughly one-third renter-occupied. This mix supports a stable but not saturated tenant base, favoring steady occupancy over rapid lease-up dynamics.
Within a 3-mile radius, demographics show modest population growth to date with projections for additional increases alongside a forecast decrease in household size. This combination typically expands the renter pool and supports occupancy stability for smaller unit mixes. Median contract rents and a rent-to-income ratio around the mid-teens point to limited affordability pressure, aiding retention but tempering near-term pricing power.
Home values in the neighborhood are lower relative to national norms. In practice, this more accessible ownership landscape can introduce some competition with entry-level home purchases, which suggests underwriting should emphasize resident retention and value-forward amenity upgrades rather than aggressive rent lifts.
Safety indicators are mixed in context. The neighborhood ranks 16 out of 222 metro neighborhoods for crime, signaling it is not among the locally safest areas. However, national comparisons are stronger: overall crime sits in a high national safety percentile, and violent offense metrics fall in the top decile nationally. Recent year-over-year declines in violent offenses further indicate improving conditions.
For investors, the takeaway is comparative: relative to the broader U.S., conditions appear favorable; within the Youngstown Warren Boardman metro, it remains competitive rather than top-tier. Positioning the asset with solid property-level security and lighting typically supports resident comfort and retention.
Proximity to regional employers underpins workforce housing demand and commute convenience, notably Norfolk Southern locally, with broader regional anchors such as Goodyear Tire & Rubber, Home Depot s distribution network, and FirstEnergy. These nodes can support leasing stability and renewals for residents employed across logistics, industrial, and corporate services.
- Norfolk Southern rail & logistics offices (9.2 miles)
- Goodyear Tire & Rubber manufacturing & corporate (41.8 miles) HQ
- Home Depot Distribution Center logistics & distribution (42.9 miles)
- FirstEnergy utilities & corporate (43.6 miles) HQ
596 Stull Ave offers a 24-unit 1973 vintage in a suburban neighborhood that is competitive within the Youngstown Warren Boardman metro. Neighborhood occupancy trends sit above the metro median, and 3-mile demographics point to continued population growth with smaller household sizes both supportive of a larger tenant base and steady lease-up for one- and two-bedroom layouts. According to commercial real estate analysis from WDSuite, rents track at levels that reduce affordability pressure, aiding retention while moderating near-term rent growth expectations.
The 1970s vintage implies routine capital planning for building systems, yet the asset remains relatively competitive versus the area s older average stock. Investor focus should balance value-add finishes and operational execution against risks from a more accessible ownership market and a safety profile that is stronger nationally than locally. Nearby employment nodes across logistics, utilities, and manufacturing add depth to the renter pool and support durable occupancy.
- Above-median neighborhood occupancy supports stable cash flow
- 3-mile population growth and smaller household sizes expand the renter pool
- 1973 vintage allows value-add potential with targeted system upgrades
- Proximity to regional employers reinforces leasing stability
- Risks: locally competitive (not top-tier) safety and ownership alternatives may temper pricing power