| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 57th | Good |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3226 Corduroy Rd, Oregon, OH, 43616, US |
| Region / Metro | Oregon |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3226 Corduroy Rd Oregon, OH Multifamily Investment
Neighborhood occupancy is competitive locally and sits in higher national percentiles, pointing to stable renter demand, according to CRE market data from WDSuite. Affordability signals are favorable, supporting retention and steady leasing while leaving room for targeted value-add.
This inner-suburb location in the Toledo metro carries a B+ neighborhood rating and ranks 88th of 244 neighborhoods — competitive among Toledo neighborhoods. Neighborhood occupancy ranks 40th of 244 and sits in the 87th percentile nationally, indicating resilience relative to both the metro and many U.S. submarkets, based on CRE market data from WDSuite.
Livability is service-oriented rather than lifestyle-driven: grocery access is strong (national 83rd percentile), and restaurants index above average (66th percentile), while cafes, parks, and pharmacies are sparse in the immediate area. For investors, this mix supports everyday convenience for residents but suggests limited amenity-driven rent premiums.
Within a 3-mile radius, renter-occupied housing comprises an estimated 42.7% of units, providing a meaningful tenant base for multifamily. Median contract rents in the area remain relatively accessible, and the neighborhood’s rent-to-income ratio ranks in the 92nd percentile nationally, implying lower affordability pressure that can aid lease retention and occupancy stability.
Demographic statistics aggregated within a 3-mile radius show modest population softening in recent years but an outlook for population and household growth by 2028, alongside slightly smaller average household sizes. For multifamily operators, a larger household count and a tilt toward smaller households typically translate into a broader renter pool and dependable absorption, particularly for well-managed, mid-size assets.
Home values are moderate for the region, and the value-to-income ratio trends low versus national peers (17th percentile). In practice, a more accessible ownership market can create some competition with entry-level homebuying, but the area’s strong occupancy and favorable rent-to-income dynamics help sustain multifamily demand and reduce turnover risk.
Schools in the surrounding area average 3.0 out of 5 and sit above the national median (61st percentile). This supports a stable resident profile without serving as a primary rent driver.
WDSuite does not publish a comparable crime rank for this neighborhood in the current data release. Investors commonly contextualize safety using metro-relative signals such as sustained high occupancy, income benchmarks, and property-level controls. Given the neighborhood’s competitive occupancy standing within the Toledo metro, area stability appears supportive, though property-specific due diligence and management practices remain essential.
The area benefits from proximity to established regional employers that support a diverse workforce and reinforce renter demand through commute convenience. Notable nearby employers include Owens Corning, Dana, and Owens-Illinois, with additional corporate headquarters within driving reach.
- Owens Corning — building materials HQ (3.35 miles) — HQ
- Dana Holding Corporation — automotive components (4.72 miles)
- Owens-Illinois — glass packaging HQ (12.79 miles) — HQ
- Masco — building products HQ (43.68 miles) — HQ
- Marathon Petroleum — energy HQ (43.94 miles) — HQ
Built in 1976 with 24 units, the property is newer than much of the surrounding housing stock and can compete effectively against older inventory, while still warranting targeted system upgrades or common-area modernizations. Neighborhood fundamentals are supportive: occupancy performance is competitive among 244 Toledo neighborhoods and sits in higher national percentiles, and rent-to-income readings indicate manageable affordability pressure that can bolster retention, based on CRE market data from WDSuite.
Forward-looking demographics within a 3-mile radius point to growth in population and households by 2028, which, coupled with a meaningful renter concentration, supports a larger tenant base over time. The ownership market is relatively accessible for the region, which may temper peak pricing power, but steady demand drivers, employer proximity, and everyday retail access underpin leasing stability for well-operated assets.
- Competitive neighborhood occupancy and favorable rent-to-income support stable collections
- 1976 vintage offers relative edge over older stock with value-add upgrade potential
- 3-mile outlook shows population and household growth, expanding the renter pool
- Proximity to regional employers supports tenant retention and leasing velocity
- Risks: limited lifestyle amenities nearby and accessible ownership may cap rent premiums