| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 73rd | Best |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2540 Perrysburg Holland Rd, Maumee, OH, 43537, US |
| Region / Metro | Maumee |
| Year of Construction | 1981 |
| Units | 52 |
| Transaction Date | 1990-12-19 |
| Transaction Price | $2,465,000 |
| Buyer | --- |
| Seller | --- |
2540 Perrysburg Holland Rd, Maumee Multifamily Opportunity
Neighborhood-level occupancy is strong and has trended higher over five years, supporting durable cash flow potential, according to WDSuite s CRE market data. These are neighborhood metrics, not property performance, and they point to steady renter demand in Maumee.
Maumee s Inner Suburb setting shows investor-friendly fundamentals at the neighborhood level. Occupancy is competitive among Toledo s 244 neighborhoods and sits in the top quartile nationally, a backdrop that typically supports lease stability and reduces downtime risk (neighborhood statistics, not building performance). The share of housing units that are renter-occupied is also high relative to the metro, indicating a deep tenant base for multifamily operators.
Livability inputs are mixed. Grocery access ranks competitive among Toledo neighborhoods, and childcare density is similarly competitive, while cafes, parks, and pharmacies are thinner nearby. For investors, that mix suggests everyday needs are serviceable but not a walkable lifestyle node a positioning suited to drive-to-amenity households rather than urban-core renters.
The property s 1981 vintage is slightly newer than the neighborhood average stock (late 1970s). That can provide a modest competitive edge over older buildings, though investors should still plan for system updates and selective renovations to meet current renter expectations and sustain occupancy.
Within a 3-mile radius, demographics indicate a stable-to-growing renter pool. Recent years show modest population growth and a slight increase in average household size, with forecasts pointing to further population and household gains. Rising household incomes and a rent-to-income profile near national mid-range support retention and measured pricing power, while median home values and value-to-income ratios near national midpoints imply some competition from ownership but continued reliance on multifamily for many households.
Safety indicators for the neighborhood sit around the middle of the pack within the Toledo metro (147 out of 244 neighborhoods) and roughly in the mid-to-lower half nationally. That said, recent trend data points to improvement: both violent and property offense rates have declined year over year at the neighborhood level. Investors should underwrite with standard risk controls lighting, access management, and resident screening while recognizing the directional improvement in reported statistics.
Proximity to established corporate offices underpins local renter demand by shortening commutes and broadening the potential tenant base. Nearby anchors include Dana, Dana Holding, Owens-Illinois, and Owens Corning.
- Dana corporate offices (1.8 miles)
- Dana Holding corporate offices (1.8 miles) HQ
- Owens-Illinois corporate offices (4.9 miles) HQ
- Owens Corning corporate offices (8.6 miles) HQ
- Dana Holding Corporation corporate offices (10.9 miles)
This 52-unit Maumee asset is positioned in a neighborhood with historically strong occupancy and a sizable renter-occupied housing share, supporting day-one leasing stability and a broad tenant funnel. According to CRE market data from WDSuite, neighborhood occupancy trends are in the top quartile nationally and competitive within the Toledo metro, while area incomes and rent-to-income dynamics suggest room for disciplined rent management without overextending affordability.
The 1981 vintage is slightly newer than nearby stock, offering a platform for targeted value-add: modernizing interiors and key systems can enhance competitiveness against older properties. Demographic statistics aggregated within a 3-mile radius point to population and household growth ahead, which should expand the tenant base. Home values near national midpoints imply some competition from ownership, but the area s renter concentration and improving safety trends support resilient multifamily demand.
- Competitive neighborhood occupancy and high renter-occupied share support stable leasing
- 1981 vintage enables focused value-add and systems modernization to lift NOI
- 3-mile demographics indicate population and household growth, expanding the tenant base
- Balanced ownership costs sustain multifamily relevance while allowing measured rent management
- Risks: thinner walkable amenities and mid-pack safety require active asset and tenancy management