| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 49th | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 611 Ridge Rd, Newton Falls, OH, 44444, US |
| Region / Metro | Newton Falls |
| Year of Construction | 1995 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
611 Ridge Rd, Newton Falls OH Multifamily Investment
Tenant demand is supported by a renter-occupied housing base and everyday amenities nearby, while occupancy trends in the neighborhood have been softer than the metro median, according to WDSuite’s CRE market data.
Located in Newton Falls within the Youngstown–Warren–Boardman metro, the neighborhood carries an A- rating (ranked 54 of 222 metro neighborhoods), placing it in the top quartile among local peers. Daily needs are well covered: grocery, pharmacy, and restaurant densities are competitive among metro neighborhoods, though parks and childcare options are limited. For investors, this mix points to convenience-driven appeal with some lifestyle gaps that may matter for family-oriented tenants.
Renter concentration is meaningful (about 40.5% of housing units are renter-occupied; competitive among metro neighborhoods at rank 32 of 222), which supports depth of the tenant base for multifamily assets. Neighborhood occupancy is below the metro median (rank 165 of 222), suggesting leasing strategies may need to emphasize retention and value positioning.
The property’s 1995 construction is newer than the neighborhood’s older average stock (1953). That vintage can be competitively positioned versus older buildings, while investors should still plan for mid-life system updates and selective renovations to sustain leasing performance.
Within a 3-mile radius, recent data show population contracted modestly over the last five years, but projections indicate an increase in households through 2028, implying a larger tenant base even as household sizes trend smaller. This dynamic, combined with a rent-to-income profile that suggests manageable affordability pressures, can support occupancy stability and lease retention for well-operated assets.
Ownership costs in the area are relatively accessible compared with national levels, which can introduce competition from entry-level ownership. For multifamily, that typically favors value-forward properties and steady operations that emphasize resident experience and cost certainty.
Safety indicators compare favorably at the national level: overall crime levels benchmark above national safety averages, with violent offenses positioned in the high national percentiles. According to CRE market data from WDSuite, this suggests a supportive backdrop for retention and leasing.
Recent year data show an uptick in property offenses even as levels remain comparatively low by national standards. Investors should monitor trend direction and emphasize basic security, lighting, and resident engagement to sustain performance.
The employment base includes transportation, manufacturing, utilities, and logistics, providing a diverse set of commuter jobs that can support renter demand and lease retention. Nearby employers include Norfolk Southern, Goodyear Tire & Rubber, Home Depot Distribution Center, and FirstEnergy.
- Norfolk Southern — rail operations (6.5 miles)
- Goodyear Tire & Rubber — manufacturing (27.6 miles) — HQ
- Home Depot Distribution Center — logistics (28.3 miles)
- FirstEnergy — utilities (29.2 miles) — HQ
- Norfolk Southern Motor Yard — rail operations (29.7 miles)
611 Ridge Rd is a 74-unit asset built in 1995, newer than much of the surrounding housing stock. That positioning can compete well on curb appeal and systems versus older comparables, while targeted modernization can capture value-add upside. Neighborhood occupancy runs below the metro median, but the area supports a meaningful renter-occupied share, daily-service amenities, and a rent-to-income profile that points to manageable affordability pressure — factors that can underpin steady leasing when operations emphasize retention and service. Based on CRE market data from WDSuite, local safety benchmarks are favorable nationally, which can aid long-term tenant stability.
Within a 3-mile radius, recent population softened, but projections call for household growth through 2028, implying renter pool expansion even as household sizes edge lower. Ownership remains relatively accessible in this market, so competitive positioning and resident experience are important to limit move-outs to entry-level ownership.
- 1995 vintage offers competitive positioning versus older local stock with selective renovation upside
- Renter-occupied share supports tenant base depth and leasing stability
- Favorable national safety benchmarks support retention and property performance
- 3-mile household growth outlook indicates a larger renter pool by 2028
- Risks: neighborhood occupancy below metro median and competition from accessible ownership options