| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1040 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 2001 |
| Units | 50 |
| Transaction Date | 2000-09-28 |
| Transaction Price | $124,000 |
| Buyer | DOVES MANOR LP |
| Seller | SPIRIT MANOR INC |
1040 Brookview Dr Toledo Multifamily Investment
Stabilized renter demand at the neighborhood level and a 2001 vintage position this 50-unit asset for consistent operations, according to WDSuite’s CRE market data. Neighborhood occupancy trends are solid, with pricing power likely moderated by a value-oriented renter base.
Located in Toledo’s inner-suburban fabric, the property benefits from neighborhood occupancy around the national median (93.2% and in the 60th percentile), which supports day-to-day leasing stability based on CRE market data from WDSuite. The area’s renter-occupied share is high at the neighborhood level (70.8% of housing units; 97th percentile nationally), indicating a deep tenant base for multifamily operators and reliable leasing velocity.
Everyday convenience is mixed: grocery access is competitive among Toledo neighborhoods (ranked 80 out of 244), and restaurant density sits above the metro median (111 of 244). However, the immediate area shows limited cafes, parks, childcare, and pharmacies (all ranked near the bottom locally), so residents typically rely on broader submarket offerings for lifestyle amenities.
School quality indicators trend toward the lower end locally (neighborhood average school ratings rank 85 out of 244), which investors often weigh when positioning unit mixes and marketing. For homeownership context, neighborhood home values are on the lower side within national comparisons, which can create some competition from entry-level ownership; in investor terms, this tends to support retention but can temper rent growth expectations.
Within a 3-mile radius, demographics show a modest population pullback in recent years alongside a slight rise in household counts, pointing to smaller average household sizes. WDSuite’s 3-mile projections indicate growth ahead by 2028, with a larger household base and rising incomes, which should expand the renter pool and support occupancy. Forecast rent levels trend upward as well, suggesting room for disciplined revenue management while monitoring affordability.
Safety metrics for the neighborhood sit below both metro and national medians (crime rank 218 out of 244 locally; 36th percentile for safety nationally), placing the area on the lower end of Toledo’s safety spectrum. Investors should underwrite prudent security and operations protocols consistent with similar inner-suburban locations.
Recent trends are constructive: violent offense rates declined an estimated 30.7% year over year and property offenses eased about 9.3%, according to WDSuite. While the area still trails safer peer submarkets, the directional improvement reduces volatility risk and can aid tenant retention when paired with on-site management focus.
Proximity to established corporate offices underpins workforce housing demand and commute convenience for residents, notably among Dana, Owens Corning, and Owens-Illinois. The following nearby employers help support leasing durability:
- Dana — corporate offices (4.7 miles)
- Dana Holding — corporate offices (4.7 miles) — HQ
- Owens Corning — corporate offices (5.7 miles) — HQ
- Owens-Illinois — corporate offices (6.5 miles) — HQ
- Dana Holding Corporation — corporate offices (7.9 miles)
Completed in 2001, this 50-unit asset is materially newer than the neighborhood’s average 1979 vintage, providing a competitive edge versus older local stock while leaving room for targeted modernization of finishes and systems. At the neighborhood level, occupancy trends are above the national median and the renter-occupied share is high, indicating a deep tenant base and supportive leasing fundamentals. According to CRE market data from WDSuite, the broader 3-mile area is expected to add households and see income gains through 2028, which should expand the renter pool and underpin steady absorption.
Counterweights include a lower-amenity micro-location and below-median safety metrics relative to the metro, plus a homeownership market with more accessible values that can compete with rental options. Even so, current rent-to-income levels suggest manageable affordability pressure, favoring retention when paired with disciplined lease management and value-oriented positioning.
- 2001 vintage compared with older neighborhood stock supports competitive positioning with selective value-add upside
- Neighborhood occupancy around the national median and high renter concentration support leasing stability
- 3-mile outlook shows household and income growth, expanding the renter pool and revenue potential
- Risk: below-median safety and limited nearby amenities require proactive management and prudent underwriting
- Risk: lower home values may compete with renting, keeping a check on rent growth and renovation premiums