| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Good |
| Demographics | 50th | Good |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1465 Townsend Ave, Youngstown, OH, 44505, US |
| Region / Metro | Youngstown |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2020-03-27 |
| Transaction Price | $630,000 |
| Buyer | M & M DEVELOPMENT HOLDINGS LLC |
| Seller | WHEATLEY MICHAEL D |
1465 Townsend Ave Youngstown OH Multifamily Investment
Neighborhood occupancy is steady and rent burdens are light, supporting retention and measured pricing power, according to WDSuite’s CRE market data.
The property sits in a neighborhood rated A- and ranked 53 out of 222 within the Youngstown–Warren–Boardman metro, placing it in the top quartile among metro neighborhoods. Local occupancy trends are healthy, with the neighborhood s apartment occupancy above the national median, suggesting a stable leasing environment for a 24-unit asset.
Within a 3-mile radius, an estimated 34.9% of housing units are renter-occupied, indicating a defined tenant base that can support ongoing demand. Population dipped slightly in recent years while households are projected to grow by 2028, which points to smaller household sizes and a potential renter pool expansion that can help sustain occupancy. Median household incomes in the 3-mile area have risen and are projected to advance further, which reinforces the case for rent collections and prudent renewal strategies.
Neighborhood rents remain relatively accessible versus incomes (high national percentile for rent-to-income), a dynamic that supports lease retention and gives owners some room to test rents as units turn. By contrast, local home values are modest compared with national levels, which can introduce competition from ownership; however, the income-to-rent relationship helps maintain multifamily relevance and leasing velocity.
The building 201977 vintage is slightly older than the submarket 27s average construction year. Investors should underwrite routine capital planning and selective value-add work to sharpen competitiveness against newer stock while leveraging the area 27s steady occupancy profile.
Safety indicators compare favorably at the neighborhood level. Violent offense exposure is in the top quartile nationally, and property offense risk is also comparatively low versus neighborhoods nationwide. Recent year-over-year trends point to further moderation in both violent and property offense rates. While conditions can vary by block and over time, the broader read suggests a supportive backdrop for resident retention and day-to-day operations.
Regional employment anchors within commuting range include transportation, healthcare distribution, and manufacturing headquarters, supporting workforce housing demand and aiding lease stability.
- Norfolk Southern — transportation (12.0 miles)
- Cardinal Health — healthcare distribution (43.8 miles)
- Goodyear Tire & Rubber — manufacturing HQ & corporate (44.5 miles) — HQ
1465 Townsend Ave offers 24 units with an average unit size near 960 sq. ft., positioned in a neighborhood that ranks in the metro 27s top quartile and maintains occupancy above the national median. Rents remain manageable relative to incomes, which supports retention and measured rent growth; based on CRE market data from WDSuite, the surrounding area 27s rent-to-income profile and steady occupancy create a constructive backdrop for cash flow management. The 1977 vintage suggests underwriting ongoing capital investment and selective renovations to capture value-add upside and stay competitive against newer supply.
Within a 3-mile radius, renter concentration and projected household growth point to a larger tenant base by 2028, even as ownership remains comparatively attainable in the area. This mix implies durable demand for well-managed multifamily, with potential to enhance returns through operational execution and targeted upgrades while monitoring competition from single-family alternatives.
- Metro top-quartile neighborhood with occupancy above national median supports stable leasing
- Rent-to-income dynamics indicate room for measured rent testing at turns
- 3-mile outlook shows growing household counts, reinforcing renter pool expansion
- Value-add path: 1977 vintage warrants targeted renovations and system upgrades
- Risks: competition from ownership options and capex for older systems may temper near-term returns