| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 44th | Fair |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1205 Steeple Chase Cir, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1999 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1205 Steeple Chase Cir Toledo Multifamily Investment
Located in Toledo’s inner suburbs, this 40-unit, 1999-vintage asset benefits from neighborhood occupancy that trends above the national median, according to WDSuite’s CRE market data. The submarket’s renter demand is supported by a deeper renter-occupied base, aiding leasing stability.
This inner-suburb location balances everyday convenience with steady renter demand. Grocery access is a relative bright spot versus many peers (ranked 64th of 244 metro neighborhoods; upper-tier nationally), while cafes, parks, and pharmacies are limited in the immediate area. For investors, that mix favors residents seeking practical proximity over lifestyle retail, which can support retention when pricing is managed thoughtfully.
The neighborhood’s renter-occupied share ranks 30th out of 244 metro neighborhoods (top quartile), signaling a deeper tenant base and more stable leasing dynamics than owner-heavy areas. Median contract rents sit near the metro middle, which helps maintain absorption without relying on outsized concessions. At the same time, the rent-to-income profile trends in the safer range nationally, reducing near-term affordability pressure and aiding renewals.
Demographics aggregated within a 3-mile radius show modest population and household growth over the last five years, with additional expansion projected by 2028. Rising incomes in the area, alongside expected household gains, point to a larger tenant pool and support for occupancy. According to CRE market data from WDSuite, these trends align with above-median neighborhood occupancy levels and reinforce day-to-day leasing resilience.
Vintage also supports competitive positioning: the property was built in 1999, while nearby housing stock skews older (average vintage 1964 across the metro comparison). Newer construction relative to local inventory can reduce immediate capital intensity and attract renters trading up from aging product, though planning for system updates and selective modernization remains prudent as the asset approaches mid-life.
Home values in the surrounding neighborhood are lower relative to many U.S. areas, which can increase competition from ownership options. However, this also means multifamily can remain a comparatively accessible choice for residents, supporting lease retention so long as management sustains value through service quality and unit finishes.
Safety indicators are mixed but improving. The neighborhood ranks 79th of 244 within the Toledo metro for overall crime (competitive among Toledo neighborhoods), and its national safety standing is above the median. Importantly, property crime has trended down sharply over the past year, placing the area among the stronger national improvers, while violent crime levels remain less favorable versus national benchmarks. For investors, the trajectory suggests operational diligence is warranted, but recent momentum may support perception and leasing stability.
Proximity to established corporate headquarters underpins a solid employment base and commuter convenience that supports renter demand, including Dana Holding, Owens Corning, Owens-Illinois, and Marathon Petroleum.
- Dana Holding — corporate offices (5.9 miles) — HQ
- Owens Corning — corporate offices (7.8 miles) — HQ
- Owens-Illinois — corporate offices (8.8 miles) — HQ
- Marathon Petroleum — corporate offices (42.6 miles) — HQ
1205 Steeple Chase Cir offers 1999-vintage construction in a neighborhood where occupancy trends above the national median and the renter-occupied share sits in the top quartile among 244 metro neighborhoods. This pairing supports durable demand for a 40-unit profile, with rent levels near the metro middle aiding absorption and renewals. Based on CRE market data from WDSuite, the nearby inventory skews older, which can enhance the property’s competitive position while leaving room for targeted upgrades as systems age.
Within a 3-mile radius, recent gains in population and households, alongside rising incomes and projected growth through 2028, point to a larger tenant base and support for occupancy stability. The area’s relatively accessible ownership market may create some competition with for-sale housing, but manageable rent-to-income dynamics and commuter access to multiple headquarters employers help sustain renter reliance on multifamily.
- Newer 1999 vintage versus older local stock supports competitiveness and selective value-add
- Above-median neighborhood occupancy and top-quartile renter concentration bolster leasing stability
- 3-mile population and household growth, with further expansion projected, enlarges the tenant base
- Rents near the metro middle with balanced rent-to-income profile support retention and pricing discipline
- Risk: limited nearby lifestyle amenities and competitive for-sale housing require focused asset management and amenity strategy