| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 67th | Best |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6939 Brint Rd, Sylvania, OH, 43560, US |
| Region / Metro | Sylvania |
| Year of Construction | 1972 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6939 Brint Rd, Sylvania OH Multifamily Investment
Stable neighborhood fundamentals and a deep, higher-income renter pool support steady operations, according to WDSuite’s CRE market data. Neighborhood occupancy is measured for the surrounding area, not the property, and points to durable demand in this inner suburb of Toledo.
Sylvania’s inner-suburban setting combines steady occupancy and affluent demographics that underpin multifamily performance. The neighborhood’s occupancy measures in the mid-90s (for the neighborhood, not the property) and ranks 99 out of 244 within Toledo, indicating above-median stability locally and a position in the upper third nationally. Renter-occupied housing accounts for roughly one-quarter of area units, signaling a meaningful—but not saturated—tenant base that can support lease-up and retention.
For investors focused on livability drivers, the immediate area favors everyday services over destination amenities. Restaurant density performs competitively (ranked 52 of 244 in the metro; around the 73rd percentile nationally), while cafes, parks, and pharmacies are thinner locally. Childcare access stands out (ranked 17 of 244 and high nationally), which aligns with the family-oriented profile seen nearby. These dynamics suggest residents rely on a mix of local conveniences and short drives to broader retail corridors.
Demographic statistics are aggregated within a 3-mile radius and indicate population and household growth over the past five years, with forecasts pointing to further household expansion. Income levels skew high (top quartile nationally for median household income), expanding the pool of renters who can comfortably support market rents and helping stabilize turnover. Median home values in the area are elevated for the region, which tends to sustain rental demand and can aid pricing power for quality product, particularly when supported by multifamily property research benchmarks.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1984), which implies potential value-add via interior modernization and system upgrades. In return, refreshed units can compete effectively against both older stock and newer deliveries on a total cost-of-living basis, particularly given the area’s rent-to-income cushion and steady neighborhood occupancy.
Safety indicators for the surrounding neighborhood are comparatively favorable. The area ranks 72 out of 244 Toledo neighborhoods for overall crime, which is competitive among Toledo neighborhoods and corresponds to roughly the 63rd percentile nationally (safer than average). Property-related offenses have shown a strong year-over-year decline, placing improvement trends in a high national bracket, while violent incident rates sit below national averages but have ticked up recently. Investors should read this as generally supportive for tenant retention, with attention to ongoing trend monitoring at the neighborhood level.
Proximity to established corporate employers helps support a stable renter base by shortening commutes and broadening demand from professionals. The following nearby firms anchor the employment landscape referenced here.
- Dana Holding Corporation — corporate offices (9.0 miles)
- Dana Holding — corporate offices (9.4 miles) — HQ
- Owens Corning — building materials (10.0 miles) — HQ
- Owens-Illinois — packaging & glass (12.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (40.1 miles)
This 32-unit, 1972-vintage asset benefits from a steady-demand inner suburban location where neighborhood occupancy trends are strong and renter concentration is sufficient to support leasing without oversaturation. Income levels in the 3-mile area are high, and ownership costs run elevated for the region, both of which reinforce reliance on quality rentals and can support pricing power for renovated product. According to commercial real estate analysis from WDSuite, the neighborhood performs above the metro median on several demand indicators, supporting a durable long-term hold thesis.
The earlier vintage points to a clear value-add path: unit interiors, building systems, and common areas can be modernized to capture rent premiums, leveraging the area’s rent-to-income cushion and corporate employment base. Forward-looking household growth in the surrounding 3-mile radius indicates a larger tenant pool over time, which can help sustain occupancy and smooth leasing through cycles.
- Stable neighborhood occupancy and a solid renter base support consistent cash flow potential
- 1972 vintage offers value-add upside through renovations and system upgrades
- Affluent 3-mile demographics and elevated ownership costs reinforce rental demand and pricing power
- Access to major employers expands the professional renter pool and aids retention
- Risks: thinner nearby amenities and moderate renter concentration may require targeted marketing and asset enhancements