| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 70th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1389 Picadilly Ln, Maumee, OH, 43537, US |
| Region / Metro | Maumee |
| Year of Construction | 1988 |
| Units | 82 |
| Transaction Date | 1995-07-07 |
| Transaction Price | $3,800,000 |
| Buyer | STATE LINE INVESTORS |
| Seller | JOHN N GRAHAM TRST |
1389 Picadilly Ln Maumee Multifamily Investment
Positioned in a top-tier Toledo metro neighborhood with strong amenity access and a high renter-occupied share, the asset benefits from steady neighborhood occupancy and a deep tenant base, according to WDSuite s CRE market data. Investor focus centers on durable renter demand and operational stability supported by nearby employment nodes.
The property sits in one of Toledo s strongest suburban neighborhoods (A+ rating), ranking near the very top among 244 metro neighborhoods. Amenity access is a standout: cafes, restaurants, groceries, parks, and pharmacies land in the top quartile nationally, supporting day-to-day convenience and leasing appeal for renters.
Neighborhood occupancy is around the national median, suggesting stable baseline performance. More important for multifamily demand, the neighborhood s renter-occupied share is elevated relative to the metro and sits in a high national percentile, indicating a broad tenant pool and support for ongoing leasing activity and renewals.
Within a 3-mile radius, demographics point to a larger tenant base over time: population grew modestly in recent years and projections show additional population growth and a notable increase in households, which supports demand for rental units and occupancy stability. Income levels have been trending higher, which can underpin rent collections and retention with careful lease management.
Ownership costs in the area are lower than many U.S. markets, which can create some competition from for-sale housing. At the same time, rents benchmark below national medians and the rent-to-income ratio indicates manageable affordability pressure by national standards, supporting tenant retention and steady absorption for well-run assets.
Neighborhood safety indicators are roughly in line with the Toledo metro and near the national median, based on WDSuite s crime benchmarks. Recent trend data shows meaningful improvement: both property and violent offense rates declined year over year, with the pace of improvement competitive among neighborhoods nationwide. While investors should continue routine risk assessments, current trends point to a stabilizing environment rather than a deterioration.
Nearby corporate anchors in manufacturing and building materials provide a diversified employment base and support renter demand through short commutes. The list below highlights the closest concentration of employers relevant to workforce housing dynamics.
- Dana manufacturing (1.9 miles)
- Dana Holding manufacturing (1.9 miles) HQ
- Owens-Illinois building materials (3.7 miles) HQ
- Owens Corning building materials (8.0 miles) HQ
- Dana Holding Corporation manufacturing (10.8 miles)
This 82-unit 1988 vintage property offers exposure to one of Toledo s highest-ranked suburban neighborhoods with strong amenity access and an above-metro renter concentration that supports a deep tenant base. Neighborhood occupancy trends sit near national norms, while rents benchmark below national medians, reinforcing leasing velocity and retention for well-managed communities. Based on commercial real estate analysis from WDSuite, these fundamentals reflect stable demand drivers rather than cyclical outliers.
The 1988 construction is slightly newer than the neighborhood average, providing competitive positioning versus older stock while leaving room for targeted value-add through systems upgrades and common-area refreshes. Within a 3-mile radius, forecasts call for population growth and a notable increase in households, pointing to renter pool expansion that can support occupancy stability and measured rent growth, subject to ongoing affordability management.
- Top-tier suburban location among 244 Toledo neighborhoods with strong amenity access and leasing appeal
- Elevated renter-occupied share supports depth of tenant demand and renewal stability
- 1988 vintage offers competitive position with clear value-add potential via targeted upgrades
- 3-mile forecasts indicate population and household growth, supporting occupancy and pricing power
- Risk: relatively accessible ownership market and aging systems warrant careful capex planning and lease strategy