| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 57th | Good |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 318 Grasser St, Oregon, OH, 43616, US |
| Region / Metro | Oregon |
| Year of Construction | 1995 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
318 Grasser St, Oregon OH Multifamily Investment
Neighborhood occupancy trends rank in the top quartile nationally, according to WDSuite s CRE market data, supporting stable tenancy relative to the Toledo metro while keeping downside risk contained.
Situated in Oregon s inner-suburban fabric of the Toledo, OH metro, the property benefits from a neighborhood rating of B+ and a rank of 88 out of 244 neighborhoods competitive among Toledo neighborhoods. Neighborhood occupancy is also ranked 40 of 244 top quartile nationally by percentile which points to resilient leasing conditions rather than transient demand.
The vintage profile matters: the asset was built in 1995, newer than the area s average construction year of 1959. That positioning can be competitively advantageous versus older local stock, though investors should still plan for selective modernization and systems upkeep as the asset approaches three decades in service.
Within a 3-mile radius, demographics show a slight population dip in the prior five years alongside a small increase in household counts, indicating smaller household sizes and a steady housing footprint. Forward-looking projections point to population growth and a notable increase in households, which would expand the local renter pool and support occupancy stability over a medium-term hold. Median school ratings sit above national medians, which can aid family retention and longer average tenures.
Local amenity density is mixed. Grocery access is strong versus both metro peers and national norms, and restaurants are competitive, while cafes, parks, childcare, and pharmacies are relatively sparse. For investors, this suggests daily-needs convenience that supports livability, with limited lifestyle amenities nearby that may modestly cap premium positioning. Home values in the neighborhood are on the lower side for the nation, and rent-to-income metrics indicate relatively low affordability pressure factors that can reinforce retention and reduce turnover. However, the neighborhood s renter-occupied share is modest (19.5% of housing units), implying a smaller in-neighborhood renter base; the broader 3-mile area, however, reflects a roughly balanced tenure mix today and still supports multifamily demand.
Comparable safety context is important for underwriting, but specific neighborhood crime metrics are not available in WDSuite for this location. Investors typically benchmark safety at the city and county level and monitor multi-year trends alongside property-level security practices to gauge tenant retention implications. Absent granular data, a conservative approach is to underwrite to broader Toledo-area norms and adjust as new information becomes available.
Proximity to established corporate employers underpins a diversified employment base and supports workforce housing demand. Nearby anchors include Owens Corning, Dana Holding Corporation, Owens Illinois, Dana, and Marathon Petroleum.
- Owens Corning building materials (2.3 miles) HQ
- Dana Holding Corporation automotive (4.7 miles)
- Owens Illinois glass packaging (11.6 miles) HQ
- Dana automotive (11.9 miles)
- Marathon Petroleum energy (43.0 miles) HQ
This 70-unit, mid-1990s community offers a durable demand story anchored by high neighborhood occupancy (competitive in the Toledo metro and top quartile nationally by percentile) and a balanced 3-mile renter base. The 1995 vintage provides an edge versus older local stock while leaving room for targeted value-add through interior refreshes and building systems planning. Based on commercial real estate analysis from WDSuite, rent-to-income levels signal manageable lease burdens that can support retention, while lower relative home values reduce migration pressure into ownership, sustaining the renter pool.
Macro-to-local alignment further supports the thesis: grocery and restaurant access are strong for daily needs, median school quality is above national medians, and 3-mile projections indicate population growth and a sizable increase in households over the next five years tailwinds for leasing stability and renewal capture. Key underwriting watchpoints include lighter lifestyle amenity density and a lower in-neighborhood renter concentration, which may modestly cap achievable premiums and elevate marketing effort during lease-up or turnover.
- Occupancy strength competitive in the Toledo metro and top quartile nationally by percentile supports steady cash flow
- 1995 vintage out-positions older local stock; targeted CapEx can unlock value-add and durability
- 3-mile population and household growth projections expand the tenant base and support leasing stability
- Low rent-to-income pressure and lower relative home values reinforce retention and pricing flexibility
- Risks: limited lifestyle amenity density nearby and a smaller in-neighborhood renter concentration may cap premiums and require active leasing management