| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1200 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1200 Brookview Dr Toledo Multifamily Value-Add Opportunity
Neighborhood renter concentration and steady occupancy in the low 90s suggest a stable tenant base, according to WDSuite’s CRE market data. Investor focus here is on durable cash flow with operational upside from targeted renovations rather than lease-up risk.
Situated in Toledo’s inner-suburb fabric, the property benefits from a renter-leaning neighborhood profile and occupancy that trends slightly above national norms. Neighborhood occupancy is reported in the low 90s, indicating generally consistent leasing conditions rather than a volatile lease-up environment. Median contract rents in the area remain accessible, which can support retention but may temper near-term pricing power without upgrades.
Local amenity density is mixed: grocery access is competitive among Toledo neighborhoods, while cafes, parks, and pharmacies are limited. For investors, this points to a resident profile that values practical convenience over lifestyle retail, aligning with workforce housing demand characteristics. The neighborhood ranks 196 out of 244 metro neighborhoods overall (C rating), positioning it below the metro median, yet with enough everyday services to support stable tenancy.
Tenure patterns reinforce multifamily demand: the neighborhood’s share of renter-occupied units is high relative to the metro, deepening the resident pool for a 70‑unit asset. Within a 3‑mile radius, households have increased even as average household size has edged down, expanding the number of potential renters; forward-looking projections call for additional household growth, which would widen the tenant base and support occupancy stability.
Home values in the area are comparatively modest for the region. This creates two countervailing investor considerations: more accessible ownership options can compete with entry‑level Class B/C rents, yet the multifamily stock remains a critical housing option for residents prioritizing flexibility, location, and upfront cost. In this context, targeted renovations and amenity upgrades can help differentiate product and sustain leasing velocity.
Safety dynamics are mixed compared with Toledo’s metro benchmarks. The neighborhood ranks 218 out of 244 metro neighborhoods on crime, indicating weaker relative safety performance locally and placing it below the metro average. Nationally, it sits in lower percentiles for safety, so investors should underwrite prudent security measures and operating practices.
Recent trend lines show some improvement: estimated violent offenses decreased year over year, a direction that is competitive among U.S. neighborhoods, and property offenses also declined modestly. While these are constructive signals, they do not negate the need for practical risk management such as lighting, access control, and partnership with local patrol resources.
Proximity to established corporate employers supports workforce housing demand and commute convenience for renters. The nearby base includes Dana Holding, Owens Corning, Owens‑Illinois, and Marathon Petroleum.
- Dana Holding — corporate offices (4.7 miles) — HQ
- Owens Corning — building materials (5.6 miles) — HQ
- Owens-Illinois — glass packaging (6.4 miles) — HQ
- Dana Holding Corporation — corporate offices (7.9 miles)
- Marathon Petroleum — energy (40.3 miles) — HQ
This 1976, 70‑unit asset sits in a renter‑heavy neighborhood where occupancy has held in the low 90s, supporting consistent collections and mitigating near‑term leasing risk. According to CRE market data from WDSuite, neighborhood rents remain relatively accessible, suggesting stable demand with opportunities to capture incremental revenue through value‑add upgrades and operational execution rather than aggressive rent pushes alone.
Within a 3‑mile radius, a growing household count alongside smaller average household sizes signals a broader renter pool over time, which can support occupancy stability and renewal rates. The vintage indicates potential capital needs (systems, common areas, and interiors), but also provides clear pathways to reposition toward the upper end of local Class B stock, improving competitive standing against older properties while remaining attainable for workforce renters.
- Renter-leaning neighborhood with occupancy in the low 90s supports steady cash flow.
- 1976 construction offers value-add potential via unit renovations and system upgrades.
- Household growth within 3 miles expands the tenant base and underpins leasing stability.
- Accessible local rents favor retention; targeted improvements can drive measured rent lifts.
- Risk: safety is below metro averages; plan for security, lighting, and access-control investments.