| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 53rd | Best |
| Demographics | 70th | Best |
| Amenities | 82nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1850 Dussel Dr, Maumee, OH, 43537, US |
| Region / Metro | Maumee |
| Year of Construction | 1976 |
| Units | 81 |
| Transaction Date | 2012-07-26 |
| Transaction Price | $680,000 |
| Buyer | DFG QUAIL RIDGE LLC |
| Seller | PICADILLY LANE LP |
1850 Dussel Dr Maumee Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and amenity access, based on CRE market data from WDSuite, with the area’s renter-occupied share and occupancy near broader market norms supporting income durability.
Located in Maumee within the Toledo metro, the property benefits from a neighborhood rated A+ and positioned near the top among 244 metro neighborhoods, according to WDSuite’s CRE market data. Amenity density is a clear strength: restaurants and groceries rank in the mid‑80s national percentiles, with pharmacies and cafes also testing above the 80th percentile. This mix supports daily convenience and helps sustain renter appeal relative to many suburban submarkets nationally.
Neighborhood occupancy is around the national midpoint, which points to stable but competitive leasing conditions for similar assets. The area’s renter-occupied share is elevated within the neighborhood context, indicating a deeper tenant base for multifamily operators and supporting leasing continuity through typical seasonality.
Vintage matters for underwriting: the asset was built in 1976, while nearby stock skews newer on average (1985). Older vintage can translate into capital planning needs but also value-add potential through renovations that enhance unit finishes, energy systems, and common-area offerings versus newer comparables.
Within a 3-mile radius, population and household counts have grown modestly and are projected to expand further over the next five years, suggesting renter pool expansion and support for occupancy stability. Median household incomes in the 3-mile area have trended higher, and rent levels remain comparatively manageable, reinforcing retention and pricing flexibility for well-positioned properties.
Home values in the neighborhood are relatively accessible versus many U.S. markets, which can create some competition with ownership. For multifamily investors, this typically shifts emphasis toward product differentiation, resident experience, and operational execution to sustain pricing power and lease retention.
Safety indicators are mixed but improving. The neighborhood’s crime profile sits around the national midpoint, and it places near the center of the pack among 244 Toledo metro neighborhoods. Property and violent offense rates have both declined materially year over year, a constructive trend that can support leasing confidence if sustained.
Nationally benchmarked signals show property offenses below the higher-performing percentiles but with strong improvement momentum; violent offenses sit below the national median yet also show notable year-over-year improvement. Investors should consider standard operational measures (lighting, access control, partnerships with local patrols) to support resident comfort and retention.
Proximity to corporate offices anchors a diverse employment base that supports renter demand and commute convenience, including Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation.
- Dana — corporate offices (2.1 miles)
- Dana Holding — corporate offices (2.1 miles) — HQ
- Owens-Illinois — corporate offices (4.0 miles) — HQ
- Owens Corning — corporate offices (7.8 miles) — HQ
- Dana Holding Corporation — corporate offices (10.5 miles)
This 81-unit, 1976-vintage asset in Maumee leverages a high-scoring neighborhood with strong amenity access and a renter base that supports steady absorption. Neighborhood occupancy trends sit near national midpoints while the local renter-occupied share signals depth of demand; together with daily-life conveniences in the 80th+ national percentiles, the setup favors consistent leasing for well-managed properties.
Within a 3-mile radius, population and households are projected to grow, creating a larger tenant base that can support occupancy stability and measured rent growth. The 1976 vintage suggests near- to medium-term capital planning and a credible value-add path to compete with newer 1980s+ stock. According to CRE market data from WDSuite, amenity density and income trends provide a supportive backdrop, while homeownership remains comparatively accessible—placing a premium on operational differentiation and resident experience.
- High-amenity, A+-rated neighborhood supports renter appeal and retention
- Renter concentration and occupancy near national norms underpin stable demand
- 1976 vintage offers value-add potential alongside capital planning
- 3-mile population and household growth expand the tenant base
- Risks: competition from ownership and mixed-but-improving safety metrics