| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1132 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2010-06-21 |
| Transaction Price | $795,000 |
| Buyer | SWAN PARK II LLC |
| Seller | NONEMAN DENNIS J |
1132 Brookview Dr Toledo Multifamily Investment Opportunity
Stabilized renter demand and neighborhood occupancy near the national median support dependable operations, according to WDSuite s CRE market data. Positioning in Toledo s inner-suburb fabric offers steady workforce tenancy with room for operational improvement.
Situated in an Inner Suburb of Toledo, the property benefits from a renter-oriented housing base and broad workforce draw. The neighborhood s occupancy rate is above the national median (60th percentile), signaling resilient tenant demand rather than lease-up risk, based on CRE market data from WDSuite. A high share of units are renter-occupied (70.8% renter concentration), which deepens the local tenant pool and supports ongoing leasing.
Everyday convenience is mixed: grocery access is competitive versus national norms (62nd percentile), while cafes, parks, and pharmacies are thinner nearby. Investors should underwrite with this amenity balance in mind it s functional for essentials but not experience-driven, which can modestly influence retention levers outside the property s control.
For families, local school ratings trend below metro and national benchmarks, so unit mix and on-site features often carry more weight in leasing decisions than school-driven demand. Household sizes skew smaller relative to many U.S. neighborhoods, aligning with one- and two-bedroom depth and reinforcing demand for well-managed, mid-size multifamily assets.
Within a 3-mile radius, recent patterns show slightly fewer residents but a modest increase in household counts arger implications being smaller household sizes and support for apartment demand. Forward-looking projections within the same 3-mile radius point to notable growth in households by 2028, which would expand the renter base and help sustain occupancy.
Safety conditions are mixed when viewed comparatively. The neighborhood ranks in the lower tier within the Toledo metro (ranked 218 out of 244 neighborhoods), indicating heavier crime incidence than many local peers. Nationally, it sits below the median (36th percentile). Investors should incorporate pragmatic security, lighting, and access-control measures into operating plans.
Notably, trend data shows a substantial year-over-year decline in violent offense rates (top quartile improvement nationally), suggesting recent momentum is directionally positive. While this does not eliminate risk, it indicates conditions have improved, and continued operational attention can help support resident satisfaction and retention.
Proximity to major manufacturers and corporate offices underpins a broad workforce tenant base, with commute times to Dana Holding, Owens Corning, Owens-Illinois, and Marathon Petroleum supporting leasing stability.
- Dana Holding auto parts & engineering (4.6 miles) HQ
- Owens Corning building materials (5.7 miles) HQ
- Owens-Illinois glass packaging (6.4 miles) HQ
- Marathon Petroleum energy & refining (40.3 miles) HQ
Built in 1973 with 72 units, the asset offers scale for professional management and a clear value-add path through system upgrades and interior refreshes typical for its vintage. Neighborhood occupancy sits above the national median and the renter-occupied share is high, pointing to a durable tenant base and steady leasing. According to CRE market data from WDSuite, ownership costs nearby are relatively accessible, so underwriting should balance steady rental demand with some competition from entry-level ownership.
Within a 3-mile radius, households have inched higher even as population edged down, and projections indicate a meaningful increase in households by 2028, supporting a larger renter pool and ongoing occupancy stability. Rent-to-income levels are manageable for many local households, which can aid retention, though thoughtful rent growth pacing and turn-cost controls remain important.
- 1973 vintage with value-add potential via targeted renovations and building-system updates
- High renter concentration and above-median occupancy support leasing stability
- 72 units provide operating scale for on-site efficiency and professional management
- 3-mile household growth outlook expands the tenant base and supports absorption
- Risk: accessible ownership alternatives and modest neighborhood amenities may temper pricing power; plan for competitive positioning