| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 70th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1372 Picadilly Ln, Maumee, OH, 43537, US |
| Region / Metro | Maumee |
| Year of Construction | 1984 |
| Units | 48 |
| Transaction Date | 2008-09-16 |
| Transaction Price | $3,650,000 |
| Buyer | CHESTERFIELD APARTMENTS I LLC |
| Seller | C-K CHESTERFIELD LLC |
1372 Picadilly Ln Maumee Multifamily Investment
Neighborhood fundamentals point to steady renter demand supported by strong amenities and a deep tenant base, according to WDSuite’s CRE market data. This location offers balanced occupancy conditions at the neighborhood level with room for disciplined value creation through operations.
The property sits in an A+‑rated suburban neighborhood within the Toledo, OH metro, ranked 2nd out of 244 metro neighborhoods. For investors, this positioning signals competitive livability and demand drivers relative to nearby areas.
Amenity access is a clear strength: neighborhood amenities are among the metro’s leaders (2nd of 244), with grocery (25th of 244), restaurants (14th of 244), pharmacies (16th of 244), and cafes (22nd of 244) all comparing favorably. Nationally, these categories trend in the upper percentiles, indicating a convenience profile that supports leasing and retention.
At the neighborhood level, occupancy is measured at 91.5%, suggesting generally stable leasing conditions rather than outsized volatility. Renter concentration is also elevated, with an estimated 53.9% of housing units renter‑occupied, indicating a meaningful tenant base for multifamily operators and depth of demand for renewals and new leases.
Within a 3‑mile radius, demographics show recent population and household growth, with projections calling for continued increases in both population and households through the forecast period. This points to a larger tenant base over time and supports occupancy stability for well‑positioned assets.
Home values in the neighborhood trend below many coastal and gateway markets, which can introduce some competition from ownership options. However, a rent‑to‑income profile that is not overly stretched at the neighborhood level supports lease retention and measured pricing power for professionally managed properties.
Safety indicators are mixed but improving. Compared with neighborhoods nationwide, overall safety levels align near the middle of the pack, while the Toledo‑area rank places the neighborhood around the metro midpoint (121st of 244). Importantly, both violent and property offense rates have shown year‑over‑year declines, a favorable trend investors can monitor as part of ongoing risk assessment.
Given these dynamics, prudent asset management should incorporate standard security measures, tenant engagement, and coordination with local resources. Framing safety at the neighborhood scale helps calibrate underwriting assumptions without over‑extrapolating to the property level.
Proximity to established corporate offices supports a diversified employment base and commuter convenience for renters. Nearby employers include Dana, Dana Holding, Owens‑Illinois, Owens Corning, and Dana Holding Corporation.
- Dana — corporate offices (1.95 miles)
- Dana Holding — corporate offices (1.97 miles) — HQ
- Owens-Illinois — corporate offices (3.76 miles) — HQ
- Owens Corning — corporate offices (7.92 miles) — HQ
- Dana Holding Corporation — corporate offices (10.70 miles)
Positioned in an A+ suburban neighborhood ranked 2nd of 244 in the Toledo metro, the asset benefits from strong amenity access and a renter‑heavy housing mix that supports steady leasing. Neighborhood occupancy is measured at 91.5%, and within a 3‑mile radius, both population and households are projected to grow, expanding the renter pool and supporting ongoing demand.
Home values and a moderate rent‑to‑income profile indicate manageable affordability pressures, which can aid retention while allowing disciplined rent management. According to commercial real estate analysis from WDSuite, the area’s recent safety trend has improved year over year, and employer proximity adds another layer of demand stability for workforce and professional renters.
- Top‑tier neighborhood position (2nd of 244 in metro) with strong amenity access supporting leasing and retention
- Elevated renter concentration indicates depth of tenant demand for multifamily operators
- 3‑mile radius outlook shows growth in population and households, reinforcing occupancy stability
- Affordability profile supports renewal capture and measured pricing power versus ownership alternatives
- Risk: Safety levels sit near metro mid‑range; continue monitoring local trends and apply standard security practices