| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 55th | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 N Holland Sylvania Rd, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1981 |
| Units | 68 |
| Transaction Date | 2008-12-18 |
| Transaction Price | $1,794,500 |
| Buyer | EMPIRIAN CKT LLC |
| Seller | BUSH CLOISTERS LLC |
1101 N Holland Sylvania Rd Toledo Multifamily Opportunity
Neighborhood occupancy near 94% suggests steady leasing fundamentals, and a high renter-occupied share indicates depth in the tenant base according to WDSuite’s CRE market data.
Situated in Toledo’s inner-suburban fabric, the area around 1101 N Holland Sylvania Rd shows stable renter demand and above-median occupancy versus national benchmarks. Neighborhood occupancy is around 94% (measured at the neighborhood level), which supports income stability for multifamily assets and provides a buffer against prolonged vacancy.
Renter-occupied housing accounts for a significant share of units in this neighborhood (56% renter concentration), placing it in the top quartile nationally for renter share. For investors, that translates into a broader tenant base and potentially more consistent leasing velocity compared with more owner-heavy submarkets.
Amenity access is mixed: restaurant density rates competitively among Toledo neighborhoods, while cafes, groceries, parks, and pharmacies are sparser within the immediate neighborhood. This pattern typically aligns with car-oriented inner suburbs, where residents rely on nearby commercial corridors for daily needs rather than dense, walkable retail nodes. School rating data are not available at this time; investors may underwrite with conservative assumptions or validate school performance separately.
Within a 3-mile radius, demographics signal a gradually expanding renter pool. Recent trends show modest population growth and a small uptick in household counts, with forward-looking projections indicating an increase in both population and households over the next five years. These dynamics point to a larger tenant base and support for occupancy stability as additional households enter the market.
Median home values in the neighborhood are on the lower side relative to many U.S. markets, and rent-to-income levels are moderate. For multifamily owners, this combination can support resident retention and reduce turnover pressure, while still allowing disciplined rent management where property quality and unit finishes justify it.
Safety indicators for the neighborhood sit around the metro middle when compared with 244 Toledo neighborhoods. Overall crime ranks near the center of the pack, indicating conditions broadly in line with the region rather than an outlier on either end.
Nationally, the neighborhood’s recent trend is constructive: estimated property and violent offense rates have declined year over year, placing the improvement trajectory in a stronger national bracket. Even with these declines, levels remain below the national median for safety on certain measures, so prudent underwriting may assume continued security investment and standard risk controls.
The employment base nearby includes auto parts and advanced materials headquarters and offices, supporting workforce housing demand and commute convenience for renters working at Dana, Owens-Illinois, and Owens Corning.
- Dana — auto parts (3.6 miles)
- Dana Holding — auto parts (3.6 miles) — HQ
- Owens-Illinois — glass & packaging (6.6 miles) — HQ
- Owens Corning — building materials (7.9 miles) — HQ
- Dana Holding Corporation — auto parts (9.6 miles)
This 68-unit asset built in 1981 offers exposure to an inner-suburban Toledo neighborhood with above-median occupancy and a high share of renter-occupied housing at the neighborhood level. Based on CRE market data from WDSuite, neighborhood occupancy near 94% and a renter concentration in the top quartile nationally point to depth in the tenant base and support for income stability. Median home values are comparatively accessible and rent-to-income levels are moderate, which can aid lease retention while allowing disciplined rent management tied to unit quality.
Vintage 1981 implies routine capital planning for systems and interiors; for investors, that can translate into targeted value-add upgrades to enhance competitiveness versus slightly newer stock (the neighborhood average construction year is early 1980s). Within a 3-mile radius, projections indicate population and household growth over the next five years, suggesting renter pool expansion that can sustain occupancy and leasing momentum, while proximity to established employers supports day-to-day demand.
- Neighborhood occupancy near 94% supports stable collections and reduced downtime
- High renter-occupied share (top quartile nationally) deepens the prospective tenant base
- 1981 vintage presents targeted value-add and capex opportunities to lift rents and retention
- 3-mile trade-area growth outlook points to renter pool expansion and leasing resilience
- Risk: Safety metrics are closer to the national middle with some categories below median; budgeting for security and tenant-experience initiatives is prudent