| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 45th | Fair |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1202 Collingwood Blvd, Toledo, OH, 43604, US |
| Region / Metro | Toledo |
| Year of Construction | 1978 |
| Units | 99 |
| Transaction Date | 2012-05-15 |
| Transaction Price | $1,699,000 |
| Buyer | COLLINGWOOD INVESTMENTS LLC |
| Seller | PINEWOOD PLACE APARTMENTS ASSOCIATES LP |
1202 Collingwood Blvd Toledo Multifamily Investment
Positioned in a renter-heavy neighborhood with generally accessible rents, this asset benefits from stable tenant demand and proximity to downtown employers, according to WDSuite’s CRE market data. The core takeaway for investors is durable occupancy potential supported by local workforce dynamics.
The property sits within an inner-suburb Toledo neighborhood rated A- and ranked 45 of 244 metro neighborhoods, placing it in the top quartile locally based on WDSuite’s CRE market data. Neighborhood occupancy is around the national middle of the pack, while the renter-occupied share is among the highest in the country, signaling depth in the tenant base for multifamily owners rather than reliance on owner-occupied stock.
Livability indicators are mixed but generally supportive of multifamily. Restaurant density ranks 5 of 244 (top decile locally) and park access ranks 14 of 244, while grocery options are competitive (51 of 244). Cafe and pharmacy density are limited within the neighborhood, which may slightly temper some convenience expectations. Average school ratings in the neighborhood are low versus metro and national norms; operators targeting families may plan leasing strategies and amenities accordingly.
Housing context and affordability reinforce renter demand. Elevated home values relative to incomes (high value-to-income ratio at a strong national percentile) point to a high-cost ownership market within the neighborhood, which typically sustains multifamily demand and lease retention. Rent-to-income levels trend manageable, which can support pricing power without outsized retention risk when paired with disciplined lease management.
Within a 3-mile radius, current conditions show a modest population dip in recent years but an outlook for renter pool expansion with projected growth in both population and households over the next five years. For investors, that near-term growth profile supports future leasing velocity, particularly for well-managed units positioned for workforce households.
Safety trends require balanced underwriting. The neighborhood’s crime position ranks toward the higher-crime end of the Toledo metro (216 of 244 neighborhoods), and national percentiles indicate below-average safety compared with U.S. neighborhoods. That said, recent data show year-over-year declines in both violent and property offenses, suggesting an improving trend to monitor rather than a static risk profile.
Investors should underwrite appropriate security, lighting, and operations policies, and track whether the downward trend persists relative to the metro. Positioning and tenant communications can help support retention and occupancy stability in light of these comparative safety metrics.
Nearby anchors include Owens Corning, Dana, Owens-Illinois, and Marathon Petroleum, providing a diversified employment base that supports workforce housing demand and commute convenience.
- Owens Corning — building materials (1.1 miles) — HQ
- Dana Holding Corporation — auto parts manufacturer (3.9 miles)
- Dana — auto parts manufacturer (9.3 miles)
- Owens-Illinois — glass & packaging (9.8 miles) — HQ
- Marathon Petroleum — energy (42.8 miles) — HQ
Built in 1978, this 99-unit asset is newer than much of the surrounding housing stock, offering a competitive edge versus older properties and potential value-add through targeted renovations and systems updates. Strong renter concentration at the neighborhood level and a manageable rent-to-income profile support demand depth and lease retention, while proximity to major employers underpins steady occupancy. According to CRE market data from WDSuite, the neighborhood ranks in the local top quartile, with restaurant and park access that enhance day-to-day livability for residents.
Key considerations include comparatively lower neighborhood safety rankings and below-metro-median occupancy, balanced by an improving crime trend and 3-mile forecasts that point to population and household growth—supporting future leasing velocity for appropriately positioned units.
- 1978 vintage offers value-add potential while remaining competitive versus older local stock
- High renter-occupied share signals depth of tenant base and supports occupancy stability
- Workforce demand supported by proximity to major employers and everyday amenities
- Forecast growth within 3 miles suggests a larger renter pool and healthy lease-up potential
- Risks: below-metro safety standing and average occupancy; monitor trends and budget for security and operational best practices