| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 28th | Fair |
| Demographics | 51st | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1227 North Rd, Niles, OH, 44446, US |
| Region / Metro | Niles |
| Year of Construction | 1972 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1227 North Rd, Niles OH Multifamily Investment
Steady renter demand and manageable rent-to-income dynamics in the surrounding neighborhood support leasing durability, according to WDSuite’s CRE market data. The property s suburban setting offers value-oriented positioning, with room for operational execution to drive returns.
Located in Niles within the Youngstown Warren Boardman metro, the neighborhood carries a B- rating and performs competitively among regional submarkets but sits above the metro median only in select categories. Restaurant density is comparatively stronger than other local amenities, while grocery, parks, and pharmacies are sparse, which may require residents to drive for daily needs. Average school ratings hover near the national midpoint, indicating mixed but serviceable education options for family renters.
The neighborhood s occupied-housing rate trends slightly below national medians, suggesting investors should plan for active leasing and retention strategies to sustain occupancy. Renter concentration at the neighborhood level is moderate, implying a defined but not saturated tenant base. Within a 3-mile radius, renter-occupied share is higher and projected to edge up over the next five years, indicating a gradually expanding renter pool that can support multifamily demand.
Median contract rents in the neighborhood remain relatively low versus many U.S. markets, and a rent-to-income ratio around the mid-teens suggests limited affordability pressure that can aid renewal capture. By contrast, local home values are comparatively low, which can intensify competition from ownership; operators may benefit from emphasizing convenience, larger floor plans, and professional management to differentiate versus entry-level for-sale alternatives.
Vintage across the neighborhood skews older, while this asset s 1972 construction is newer than the area s mid-century average. That positioning can be advantageous versus aging stock, though investors should still anticipate periodic system upgrades or targeted renovations to maintain competitiveness with refreshed comparables.
Safety indicators benchmark favorably: the neighborhood scores in a high national percentile for lower violent and property offenses compared with neighborhoods nationwide, positioning it in the top decile on several measures. This relative strength can support resident retention and broaden the tenant base for workforce households.
Recent year-over-year estimates also point to notable declines in both violent and property incidents, which, if sustained, would reinforce the area s comparative standing. As always, safety conditions can vary by block and over time; investors should align on-site measures and resident communications with current local data and management practices.
Proximity to freight rail and industrial-distribution employers anchors the local employment base, supporting workforce renter demand and commute convenience. Notable nearby employers include Norfolk Southern operations, a Home Depot distribution facility, Goodyear corporate offices, and FirstEnergy.
- Norfolk Southern rail operations (6.4 miles)
- Home Depot Distribution Center distribution & logistics (38.5 miles)
- Goodyear Tire & Rubber corporate offices (38.7 miles) HQ
- Norfolk Southern Motor Yard rail operations (40.4 miles)
- FirstEnergy utilities & corporate (40.4 miles) HQ
1227 North Rd is a 62-unit multifamily asset in Niles, Ohio, with notably large average floor plans that can appeal to households seeking space at value-oriented rents. Based on CRE market data from WDSuite, neighborhood rents are modest and rent-to-income levels point to manageable affordability pressure, supporting renewal potential. While neighborhood occupancy trends sit below national medians, the 3-mile radius shows a higher renter share that is forecast to rise, indicating gradual renter pool expansion to support leasing.
Constructed in 1972, the property is newer than much of the area s mid-century stock, offering a relative edge versus older comparables while still warranting targeted capital planning for systems and interiors. Low local home values can create competition from ownership; operators that emphasize convenience, larger layouts, and consistent service are positioned to defend occupancy and maintain pricing discipline through cycles.
- Large average unit sizes support family and roommate demand at value-oriented price points.
- Renter pool within 3 miles is sizable and projected to grow, supporting occupancy stability.
- 1972 vintage is newer than much of the neighborhood, with value-add potential through selective renovations.
- Modest rent-to-income levels aid retention and renewal capture, per WDSuite s market indicators.
- Risks: below-median neighborhood occupancy, sparse nearby amenities, and competition from low-cost ownership options.