| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 70th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1381 Chesterfield Ln, Maumee, OH, 43537, US |
| Region / Metro | Maumee |
| Year of Construction | 1988 |
| Units | 80 |
| Transaction Date | 1995-07-07 |
| Transaction Price | $3,800,000 |
| Buyer | STATE LINE INVESTORS |
| Seller | JOHN N GRAHAM TRST |
1381 Chesterfield Ln, Maumee, OH Multifamily Investment
Positioned in a top-tier Toledo suburban neighborhood, the asset benefits from stable renter demand and amenity depth, according to WDSuite’s CRE market data. The surrounding area’s renter-occupied share and steady neighborhood occupancy point to a consistent tenant base and resilient leasing.
Maumee’s immediate neighborhood ranks near the top of the Toledo metro (2 of 244; A+ rating), signaling strong location fundamentals for multifamily. Amenity access is a clear strength: restaurants, groceries, and pharmacies track in the top quartile nationally by density, supporting day-to-day convenience that helps with retention and leasing velocity.
The property’s 1988 vintage is slightly newer than the neighborhood’s average construction year (1985). Investors should underwrite routine system updates and targeted renovations; in return, refreshed interiors and common areas can sharpen competitive positioning versus older local stock.
Tenure patterns indicate depth in the renter pool: within the neighborhood, 53.9% of housing units are renter-occupied (ranked 26 of 244 in the metro), which supports stable multifamily demand. Neighborhood occupancy is about 91.5%, offering a reasonable backdrop for income durability and day-to-day leasing management.
Demographic statistics aggregated within a 3-mile radius point to a growing demand base. Recent years show modest population and household growth with a rising income profile, and WDSuite’s forward view indicates continued population gains and more households over the next five years. This expansion should translate into a larger tenant base and support occupancy stability. Home values in the area sit below national norms, which can introduce some competition from ownership; however, relatively favorable rent-to-income conditions can aid pricing power while supporting lease retention.
Safety indicators trend mixed but improving. On a national basis, the neighborhood sits around mid-pack overall (crime national percentile ~52), with property and violent offense levels below national benchmarks. Importantly, year-over-year estimates indicate notable declines in both property and violent offenses, suggesting momentum in the right direction, based on CRE market data from WDSuite.
Within the Toledo metro, the neighborhood’s crime rank is near the middle of 244 neighborhoods, reinforcing a balanced risk profile relative to peers. Investors should continue standard safety diligence and capitalize on the recent improvement trend when assessing insurance, security measures, and operating assumptions.
The area draws from a diversified white-collar employment base, with several corporate offices nearby that support renter demand and commute convenience: Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation.
- Dana — corporate offices (1.85 miles)
- Dana Holding — corporate offices (1.87 miles) — HQ
- Owens-Illinois — corporate offices (3.72 miles) — HQ
- Owens Corning — corporate offices (8.02 miles) — HQ
- Dana Holding Corporation — corporate offices (10.80 miles)
This 80-unit, 1988-vintage asset sits in one of Toledo’s strongest suburban locations, with top-tier neighborhood rankings and broad amenity coverage that support leasing and retention. According to CRE market data from WDSuite, neighborhood occupancy is around the low-90% range and the renter-occupied share is elevated, pointing to steady multifamily demand and a durable tenant base.
Forward-looking demographics aggregated within a 3-mile radius indicate population and household growth alongside rising incomes, expanding the renter pool and supporting rent performance over time. With a slightly newer-than-average vintage for the area, a focused value-add program — systems upkeep, interior refresh, and common-area enhancements — can strengthen competitive positioning while maintaining prudent capital plans.
- Top-ranked Toledo suburban location with amenity depth supporting retention and leasing
- Elevated renter-occupied share and stable neighborhood occupancy underpin demand
- 3-mile demographic outlook shows growing households and incomes, expanding the tenant base
- 1988 vintage offers value-add via targeted renovations and system upgrades
- Risks: crime metrics remain below national benchmarks despite recent improvement; more accessible ownership options may create competition