| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1203 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1977 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1203 Brookview Dr, Toledo Multifamily Opportunity
Renter demand in this inner-suburban pocket is broad and occupancy performance tracks near the metro middle, based on CRE market data from WDSuite, positioning this 84-unit asset for steady leasing with value‑add potential from its 1977 vintage.
Situated within Toledo’s inner suburbs, the property draws from a neighborhood with a high share of renter-occupied housing units, creating depth in the tenant base for multifamily leasing. Neighborhood occupancy ranks 126 out of 244 metro neighborhoods, indicating performance around the metro middle rather than at the extremes.
Local housing stock averages late-1970s. With a 1977 construction year, this asset is slightly older than nearby stock, which points to practical capital planning and potential value‑add upside through targeted renovations and system upgrades to sharpen competitive positioning against newer product.
Amenities are serviceable but not abundant. Grocery access is reasonable within the metro context, while restaurants sit near the regional middle. Parks, pharmacies, cafes, and childcare options are limited within immediate neighborhood boundaries, so residents typically rely on nearby Toledo nodes for broader services. Investor takeaway: the area tends to serve value-conscious and workforce renters more than amenity-premium seekers.
Demographic indicators aggregated within a 3‑mile radius show a modest recent population dip but a forecasted rebound, with households expected to expand and average household size trending smaller. This typically enlarges the renter pool and supports occupancy stability for well-managed communities. In the neighborhood context, ownership costs are relatively low, which can introduce some competition from entry-level ownership; however, rent levels track toward the lower band locally, helping retention and reducing leasing friction for price‑sensitive households.
Comparatively, safety levels in this area sit below the metro average, with the neighborhood ranked 218 out of 244 Toledo neighborhoods. Nationally, safety percentiles are on the lower end; however, recent trends point in a constructive direction, with estimated violent and property offenses showing year‑over‑year declines. Investors commonly underwrite enhanced lighting, security, and community programming to support tenant retention where safety benchmarks trail regional norms.
A cluster of established corporate offices within roughly 5 to 8 miles supports a steady employment base and commute convenience for renters, led by Dana alongside major materials manufacturers Owens Corning and Owens‑Illinois.
- Dana — corporate offices (4.7 miles)
- Dana Holding — corporate offices (4.7 miles) — HQ
- Owens Corning — corporate offices (5.6 miles) — HQ
- Owens-Illinois — corporate offices (6.4 miles) — HQ
- Dana Holding Corporation — corporate offices (7.8 miles)
Relative to metro peers, the neighborhood’s occupancy sits around the middle, and the local renter base is deep, according to CRE market data from WDSuite. The 1977 vintage is slightly older than nearby stock, creating a straightforward value‑add path via unit refreshes and building system updates to enhance rentability versus newer comparables.
Three‑mile demographics point to expanding households and smaller average household sizes over the forecast window—conditions that typically widen the renter pool and support leasing stability. While entry-level ownership is relatively accessible in the neighborhood context, rent levels also track on the lower side locally, which can aid retention and reduce turnover risk. Investors should also account for below‑average regional safety benchmarks with appropriate on‑site measures.
- Deep neighborhood renter concentration supports tenant demand and leasing stability
- 1977 vintage enables value‑add through unit/interior updates and system upgrades
- 3‑mile outlook shows expanding households and a larger renter pool over time
- Local rents track toward the lower band, aiding retention and reducing leasing friction
- Risks: below‑average regional safety metrics and potential competition from entry‑level ownership