| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Fair |
| Demographics | 57th | Good |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 80 S Wheeling St, Oregon, OH, 43616, US |
| Region / Metro | Oregon |
| Year of Construction | 2008 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
80 S Wheeling St Oregon Multifamily Investment
Neighborhood occupancy is competitive among Toledo submarkets, supporting income stability for well-managed assets, according to WDSuite’s CRE market data. Proximity to major employers further broadens the renter catchment beyond the immediate blocks.
This Inner Suburb location carries a B+ neighborhood rating, with occupancy measured at the neighborhood level tracking competitive among Toledo neighborhoods (ranked 40 of 244), which supports steady leasing for multifamily. Within a 3-mile radius, demographic data shows a broad mix of ages and household types, giving properties exposure to a diversified tenant base.
Everyday convenience is anchored by strong grocery access (83rd percentile nationally), while restaurants are present at levels above many peer areas (66th percentile). Walkable options for cafes, parks, and pharmacies are comparatively limited within the neighborhood, which places more weight on on-site amenities and parking for resident satisfaction and retention.
Local schools average roughly 3.0 out of 5 (61st percentile nationally), suggesting outcomes modestly above the national middle. For renters weighing school considerations, this can aid family retention even if choices are not best-in-class.
Tenure patterns vary by geography: within the neighborhood boundary, renter-occupied housing comprises a smaller share of units (19.5%), indicating lower immediate renter concentration. However, the 3-mile radius shows a much larger renter pool (47.8% of units), which expands leasing reach and supports demand beyond the immediate blocks.
Affordability dynamics are favorable for operators. Neighborhood rent-to-income sits near 0.08, indicating lower affordability pressure that can support lease retention and reduce turnover risk. At the same time, a value-to-income ratio near 2.2 and median home values around $175,000 signal a relatively accessible ownership market in this metro, which may create some competition for higher-earning renters—placing a premium on finishes, service quality, and pricing strategy.
WDSuite does not display publishable neighborhood-level crime benchmarks for this location in the current release. Investors commonly compare neighborhood trends with metro and national baselines when available, and supplement with third-party due diligence and time-of-day site observations to contextualize resident experience and potential retention impacts.
Nearby corporate anchors broaden the workforce renter base and shorten commutes for residents, including Owens Corning, Dana, and Owens-Illinois. These employment centers help support leasing velocity and renewal stability for workforce-oriented units.
- Owens Corning — building materials HQ (2.5 miles) — HQ
- Dana Holding Corporation — automotive components (4.7 miles)
- Owens-Illinois — packaging/glass HQ (11.8 miles) — HQ
- Marathon Petroleum — energy HQ (43.2 miles) — HQ
Built in 2008, this 40-unit asset is newer than the neighborhood’s older housing stock (average vintage 1959), offering relative competitiveness versus legacy properties and potentially lighter near-term capital needs; investors should still plan for system updates and modernization as the building approaches mid-life. Neighborhood occupancy ranks 40 of 244 in the Toledo metro, and grocery/restaurant access outperforms many peers—factors that help underpin leasing stability. Based on commercial real estate analysis from WDSuite, rent-to-income near 0.08 supports retention, while accessible for-sale housing means positioning and amenity execution remain important to sustain pricing power.
Three-mile demographics indicate a wide renter catchment today with projections through 2028 showing population growth and a sizable increase in households, which can expand the tenant base and support occupancy. Average unit sizes around 800 square feet align with demand for 1–2 bedroom formats often preferred in workforce and small-family segments.
- 2008 vintage offers competitive positioning versus older local stock with manageable near-term CapEx planning
- Neighborhood occupancy competitive among 244 Toledo neighborhoods, supporting leasing consistency
- Three-mile outlook points to population and household growth, expanding the renter pool
- Rent-to-income near 0.08 suggests lower affordability pressure and potential retention benefits
- Risks: accessible ownership options and limited walkable amenities require thoughtful pricing, in-unit upgrades, and service quality