| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1144 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1974 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1144 Brookview Dr Toledo Multifamily Value-Add
High renter concentration in the surrounding neighborhood supports tenant demand and leasing durability, according to WDSuite’s CRE market data.
Located in Toledo’s inner suburb of Lucas County, the property sits in a renter-oriented area where an estimated 70.8% of housing units are renter-occupied. That depth of the tenant base points to durable multifamily demand and supports occupancy management, with neighborhood occupancy around the low-90s and a national standing that is modestly above average.
Everyday services are present though not dense: grocery access measures above the national midpoint, while restaurants are around mid-pack relative to U.S. neighborhoods. By contrast, cafes, parks, and pharmacies are sparse locally, suggesting residents may rely more on short drives for discretionary amenities. For operators, that mix typically favors workforce housing positioning and pricing discipline over amenity-driven premiums.
The 3-mile demographic view shows a slight population decline over the past period alongside a small increase in household counts, implying smaller average household sizes and steady renter pool formation. Forward-looking estimates point to population growth and a notable increase in households by 2028 with continued downsizing in household size, which generally expands the base of renters and supports occupancy stability.
Ownership costs in the immediate neighborhood are comparatively low by national standards, which can introduce competition from entry-level ownership. At the same time, neighborhood rent-to-income levels indicate manageable affordability pressure, aiding lease retention and mitigating turnover risk. For investors, the balance suggests steady demand with measured pricing power rather than outsized rent growth.
Relative to U.S. neighborhoods, this area trends below national safety averages. Within the Toledo metro, its crime rank places it below the metro median (ranked 218 among 244 neighborhoods), indicating higher reported crime than many peer neighborhoods.
Recent momentum is directionally positive: estimates show a meaningful one-year decline in violent offenses and a reduction in property offenses. While this does not eliminate risk, the improvement trend is a constructive signal to monitor over subsequent periods.
Nearby corporate offices and headquarters create a stable employment base that supports renter demand and commute convenience, including Dana, Dana Holding, Owens Corning, and Owens-Illinois within roughly 7 miles.
- Dana — corporate offices (4.6 miles)
- Dana Holding — corporate offices (4.6 miles) — HQ
- Owens Corning — corporate offices (5.7 miles) — HQ
- Owens-Illinois — corporate offices (6.4 miles) — HQ
- Dana Holding Corporation — corporate offices (7.9 miles)
Built in 1974 with 36 units, the property is slightly older than the neighborhood average vintage, creating a clear value-add and capital planning angle to enhance competitiveness versus newer stock. Neighborhood fundamentals show a high renter-occupied share and occupancy in the low-90s, aligning with steady workforce demand. According to CRE market data from WDSuite, rent levels relative to incomes suggest manageable affordability pressure, which can support retention and reduce volatility.
Within a 3-mile radius, forecasts indicate population growth and a sizable increase in households by 2028 alongside smaller household sizes. For multifamily, that combination typically expands the tenant base and supports occupancy stability, even as ownership remains relatively accessible in this part of the metro. The risk side centers on safety positioning and limited discretionary amenities, which favor a pragmatic, operations-focused strategy and renovations that directly improve livability.
- High renter concentration and stable neighborhood occupancy support leasing consistency
- 1974 vintage offers value-add and systems/finish upgrade potential
- 3-mile outlook points to population and household growth, reinforcing tenant demand
- Rent-to-income levels indicate manageable affordability pressure aiding retention
- Risks: below-average safety metrics and limited nearby amenities may temper premiums