| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 50th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 925 Youngstown Warren Rd, Niles, OH, 44446, US |
| Region / Metro | Niles |
| Year of Construction | 1989 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
925 Youngstown Warren Rd, Niles Multifamily Investment
Amenity density and steady renter demand in Niles position this asset for durable leasing, according to WDSuite’s CRE market data. Neighborhood-level rents have trended upward over the past five years, supporting retention and measured pricing power.
Located in Niles within the Youngstown–Warren–Boardman metro, the neighborhood posts an A+ rating and ranks 5th among 222 metro neighborhoods overall, signaling strong local fundamentals for a multifamily hold. Amenity access is a clear advantage: the area ranks 1st of 222 for amenity density and sits in the top quartile nationally, with restaurants and cafes per square mile also competitive among metro peers (ranks 10 and 6 of 222, respectively). This concentration of daily needs can support tenant retention and day-to-day convenience.
The property’s 1989 vintage is slightly newer than the neighborhood’s average construction year of 1985 (rank 31 of 222), offering competitive positioning versus older stock. Investors should still plan for aging systems and selective modernization to enhance leasing velocity and reduce near-term capex uncertainty.
Neighborhood tenancy skews mixed, with about 37% of housing units renter-occupied (rank 47 of 222; above the metro median). This renter concentration indicates a defined tenant base for multifamily while leaving room for demand growth if nearby employment and services continue to expand.
Within a 3-mile radius, population and household counts have grown in recent years, and WDSuite data points to further increases by the mid-term forecast horizon. Rising incomes and a moderate rent-to-income profile locally support occupancy stability and measured rent growth management rather than aggressive push strategies. Neighborhood-level occupancy has softened versus five years ago, so underwriting should emphasize leasing execution and asset quality to capture demand.
Home values in the neighborhood are moderate in the regional context, which tends to create more accessible rental options and supports lease retention. Together with the area’s amenity depth, these factors can help sustain renter demand through cycles.
Neighborhood safety indicators compare favorably: the area lands in the top quartile nationally for both overall crime and violent offense measures, competitive among Youngstown–Warren–Boardman neighborhoods (ranked 17 of 222 for crime). According to WDSuite’s data, estimated violent and property offense rates have declined year over year, reinforcing a constructive trendline for resident sentiment and lease stability.
Proximity to a diversified employer base supports commuter convenience and helps anchor renter demand, including rail transportation, tire and rubber, retail distribution, electric utilities, and industrial manufacturing noted below.
- Norfolk Southern — rail transportation (7.9 miles)
- Goodyear Tire & Rubber — tire & rubber (40.4 miles) — HQ
- Home Depot Distribution Center — retail distribution (40.4 miles)
- FirstEnergy — electric utility (42.1 miles) — HQ
- Parker-Hannifin — industrial manufacturing (43.6 miles) — HQ
This 112-unit asset at 925 Youngstown Warren Rd offers scale in an amenity-rich inner suburb where restaurants, cafes, groceries, and parks score well versus both metro peers and national comparisons. Renter demand is supported by a moderate renter concentration at the neighborhood level and by rising population and household counts within a 3-mile radius, pointing to a larger tenant base over the next few years. According to CRE market data from WDSuite, neighborhood rents have increased over the past five years while rent-to-income dynamics remain manageable, supporting lease retention and disciplined rent setting.
Built in 1989, the property is slightly newer than the neighborhood average, giving it competitive footing against older stock while leaving room for targeted value-add through systems upgrades and common-area refreshes. The main underwriting watchpoint is softer neighborhood occupancy compared with prior years, which argues for hands-on leasing, unit turn efficiency, and amenity positioning to capture existing demand.
- Amenity-rich corridor ranked among the metro’s leaders, supporting day-to-day convenience and retention.
- Scale: 112 units provide operating efficiencies and income diversification.
- 1989 vintage offers competitive positioning with selective value-add potential to lift rents and reduce downtime.
- 3-mile demographics indicate population and household growth, expanding the renter pool and supporting occupancy stability.
- Risk: neighborhood occupancy has eased versus five years ago, requiring disciplined leasing and renewal management.