| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Good |
| Demographics | 55th | Good |
| Amenities | 18th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4000 Logan Gate Rd, Youngstown, OH, 44505, US |
| Region / Metro | Youngstown |
| Year of Construction | 1975 |
| Units | 30 |
| Transaction Date | 2015-03-03 |
| Transaction Price | $4,515,000 |
| Buyer | MONTICELLO APARTMENTS LLC |
| Seller | PILGRIM REO LLC |
4000 Logan Gate Rd Youngstown Multifamily Investment
Positioned for workforce housing demand with rents that track local incomes and neighborhood occupancy near metro norms, according to WDSuite’s CRE market data. Forward-looking household growth within three miles supports a deeper tenant base and potential retention stability.
The property sits in a B+ rated neighborhood (competitive among Youngstown-Warren-Boardman’s 222 neighborhoods) where occupancy is measured at the neighborhood level, not the property. Neighborhood occupancy trends are steady and sit below the metro median, while the renter-occupied share is moderate, indicating a serviceable base of multifamily demand without over-reliance on any single tenant segment.
Livability is car-oriented with limited cafes, restaurants, parks, and pharmacies inside the immediate neighborhood. Childcare coverage is comparatively stronger, and grocery access is present but not dense. For investors, the amenity-light profile suggests properties that deliver on-unit convenience (parking, in‑unit laundry, storage) can differentiate and support leasing velocity.
Within a 3-mile radius, demographics show a stable age mix and a renter-occupied share around 42%, which points to a consistent pool of prospective tenants and supports occupancy stability for well-managed assets. Forecasts indicate population and household growth through 2028, expanding the renter pool and underpinning demand for rental units rather than new unit construction.
Home values in the neighborhood are lower relative to national levels, which can introduce competition from ownership options. However, rent-to-income ratios remain manageable, a dynamic that can aid lease retention and reduce turnover risk when paired with disciplined lease management and resident services.
Vintage and asset positioning: Built in 1975, the asset is newer than the local average vintage (1965), offering relative competitiveness versus older stock. Investors should still plan for selective modernization and system updates to sustain renter appeal and reduce near-term capex variability while leveraging larger average unit sizes for family and roommate demand.
WDSuite does not provide a publishable neighborhood crime rank for this location, so comparative safety positioning versus the Youngstown-Warren-Boardman metro and national benchmarks is not stated here. Investors typically underwrite with third-party crime trend reviews, daytime/nighttime activity checks, and property-level incident history to contextualize resident retention and operating practices.
Absent a metro rank or national percentile, the prudent approach is to compare surrounding blocks and commuter corridors to submarket averages, incorporate lighting and access controls into value-add plans, and align security measures to support leasing and renewal outcomes.
Regional employers contribute to a broad commuting shed that supports renter demand for workforce housing. Notable nearby employment nodes include Norfolk Southern and Cardinal Health, offering diversified roles across transportation and healthcare distribution.
- Norfolk Southern — transportation & logistics offices (12.4 miles)
- Cardinal Health — healthcare distribution (42.8 miles)
This 30‑unit, 1975-vintage asset combines larger-than-typical unit sizes with a neighborhood profile that is competitive within the metro. Neighborhood occupancy is stable but below the metro median, suggesting room for operational outperformance via targeted renovations and leasing execution. Lower local home values can create ownership competition, yet manageable rent-to-income levels and a moderate renter concentration support retention for well-run properties.
Within a 3-mile radius, forecasts point to population and household growth by 2028, indicating a larger tenant base and potential for steady absorption. According to CRE market data from WDSuite, forward rent and income trajectories remain aligned in the area, which can help support pricing power for renovated units while keeping lease management focused on affordability and renewal incentives.
- Larger average unit sizes enhance family/roommate appeal and support leasing velocity.
- 1975 vintage is newer than neighborhood average, with modernization creating value-add upside.
- 3-mile forecasts indicate population and household growth, expanding the renter pool and supporting occupancy stability.
- Manageable rent-to-income dynamics can aid renewal rates when paired with disciplined lease management.
- Risks: amenity-light setting and competitive ownership options may temper near-term pricing power; underwriting should budget for selective capex and proactive marketing.