| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 55th | Good |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1001 Linden Ln, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1997 |
| Units | 80 |
| Transaction Date | 2019-08-26 |
| Transaction Price | $5,242,000 |
| Buyer | OASIS TOLEDO LLC |
| Seller | THE OASIS AT INVERWEST LLC |
1001 Linden Ln Toledo 1997 Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite s CRE market data, positioning this 80-unit asset to compete well within its Toledo submarket. Pricing power should remain measured given local incomes, but stability is supported by high renter concentration and steady leasing.
Located in an Inner Suburb of Toledo, the neighborhood is competitive among Toledo neighborhoods (ranked 43 out of 244) with an A- neighborhood rating. Neighborhood occupancy of 98.3% (ranked 33 of 244) sits in the top quartile locally, indicating tight leasing conditions at the neighborhood level rather than the property specifically, which supports income stability for comparable assets.
Amenity access is mixed: grocery, parks, and pharmacies rank above the metro median (ranks 75, 31, and 35 out of 244, respectively), while cafes and childcare are limited (both ranked 244). For investors, this suggests daily needs are convenient, with fewer lifestyle amenities that could modestly temper rent premiums relative to highly amenitized districts.
The renter-occupied share is 58.1% (ranked 18 of 244), indicating a deep tenant base and reinforcing multifamily demand in this neighborhood. Median contract rents at the neighborhood level are mid-market for the metro, and the rent-to-income ratio around 0.20 signals manageable affordability pressure that can aid lease retention and reduce turnover risk.
Within a 3-mile radius, demographics point to a larger tenant base over the next cycle: households are projected to increase meaningfully alongside population growth, with a concurrent drift toward smaller household sizes. This combination typically supports steady absorption and occupancy for comparable multifamily, based on commercial real estate analysis from WDSuite.
Vintage context: the neighborhood s average construction year is 1991, and the property s 1997 vintage is newer than the local average. That positioning can be competitively advantageous versus older stock, though investors should still plan for aging systems and targeted upgrades to sustain rentability and operating efficiency.
Ownership costs in the surrounding area are relatively accessible by national standards, which can introduce some competition from entry-level ownership. For multifamily owners, this typically favors strategies focused on convenience, maintenance-free living, and value-oriented amenities to preserve pricing and retention.
Safety indicators are mixed when viewed against national and metro benchmarks. Overall, the neighborhood s safety profile trends near the national middle (around the 52nd percentile nationally), with crime levels that are competitive among Toledo neighborhoods rather than top-tier.
By category, property-crime safety sits below the national midpoint (around the 35th percentile), while violent-crime safety is lower (around the 26th percentile). However, recent trends show a notable year-over-year improvement in violent incidents, placing the neighborhood s improvement in a strong position nationally. Ranks and trends reference comparisons among 244 Toledo neighborhoods and nationwide percentiles; investors should underwrite to current performance and consider standard security and lighting upgrades as cost-effective mitigations.
Proximity to established corporate offices supports a stable renter base and commute convenience for workforce and professional tenants. Nearby anchors include Dana, Owens Corning, Owens-Illinois, and related Dana corporate entities.
- Dana corporate offices (5.96 miles)
- Dana Holding corporate offices (5.97 miles) HQ
- Owens Corning corporate offices (6.41 miles) HQ
- Dana Holding Corporation corporate offices (7.35 miles)
- Owens-Illinois corporate offices (8.46 miles) HQ
1001 Linden Ln offers 80 units built in 1997, positioned in a neighborhood that ranks in the top quartile for occupancy (33 of 244) and maintains a high renter-occupied share (58.1%). These neighborhood-level indicators support income durability for comparable multifamily assets. According to CRE market data from WDSuite, local rents align with mid-market levels and rent-to-income metrics suggest manageable affordability pressure, aiding retention.
The 1997 vintage is newer than the neighborhood average year of construction, offering competitive positioning versus older stock; prudent capital planning for systems and selective renovations can enhance durability and leasing performance. Amenities favor daily needs (grocery, parks, pharmacies above metro median) even as lifestyle options are thinner, pointing to a value-forward strategy. Forward-looking 3-mile demographics indicate population growth and a meaningful increase in households, expanding the renter pool and supporting occupancy stability over the hold period.
- Tight neighborhood occupancy and deep renter base support stable leasing
- 1997 vintage offers competitive positioning versus older local stock
- Daily-needs amenities rank above metro median, aiding convenience-driven retention
- 3-mile projections show household growth, expanding the tenant pool
- Risks: accessible ownership options, thinner lifestyle amenities, and mixed safety trends may cap premiums; underwrite to measured rent growth