| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 44th | Fair |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1212 Steeple Chase Cir, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1999 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1212 Steeple Chase Cir Toledo Multifamily Investment
Neighborhood occupancy is solid and renter concentration is high, supporting steady leasing fundamentals for a 60-unit asset, according to CRE market data from WDSuite’s Toledo coverage.
This Inner Suburb location balances everyday convenience with suburban scale. Grocery access is comparatively strong (ranked 64 out of 244 metro neighborhoods), while cafes, restaurants, parks, and pharmacies are thinner locally, reinforcing a more car-oriented living pattern. For investors, that mix points to reliable daily needs coverage with fewer discretionary amenity draws.
The neighborhood shows a 94.2% occupancy rate, which is above national midpoints and supportive of income stability; note that occupancy is measured for the neighborhood, not the property. Renter-occupied housing accounts for 52.8% of units in this neighborhood (top decile nationally), indicating a deep tenant base and resilient demand for multifamily.
Within a 3-mile radius, population and households have grown in recent years, and WDSuite’s 2028 outlook points to further household expansion, which typically supports lease-up velocity and occupancy stability. The median household income in the neighborhood ranks 65 out of 244 locally, and the rent-to-income ratio sits near the national mid-range, suggesting manageable affordability pressure that can aid retention and reduce turnover risk.
Median home values in this neighborhood are lower relative to many U.S. markets, which can increase competition from ownership options. However, for multifamily owners this often translates into stable renter cohorts seeking space and value, with pricing power tied more to unit quality and management than to outsized rent-to-income stress.
The property s 1999 construction is newer than the neighborhood s average vintage (1964). That relative youth can be a competitive advantage versus older stock; investors should still plan for targeted modernization and systems updates to meet today s renter expectations.
Safety signals are mixed when viewed across geographies. The neighborhood s crime rank sits below the Toledo metro median (79 out of 244 neighborhoods), indicating comparatively higher incident levels locally. At the same time, WDSuite places the area around the 61st percentile for safety nationally, which is above the U.S. average. Year over year, both violent and property offense rates declined materially (double-digit decreases), pointing to an improving trend rather than a deterioration.
Investors should underwrite with standard operational safeguards and monitor submarket trendlines, but current trajectories suggest conditions have been moving in a favorable direction relative to the prior year.
Nearby corporate offices provide a diversified employment base that supports renter demand via short commutes and workforce stability, including Dana, Owens Corning, and Owens-Illinois. The list below highlights proximate employers relevant to leasing and retention.
- Dana — corporate offices (5.9 miles)
- Dana Holding — corporate offices (5.9 miles) — HQ
- Owens Corning — corporate offices (7.7 miles) — HQ
- Dana Holding Corporation — corporate offices (8.4 miles)
- Owens-Illinois — corporate offices (8.8 miles) — HQ
1212 Steeple Chase Cir offers a 60-unit footprint in a renter-heavy neighborhood where occupancy is healthy and household growth within a 3-mile radius is projected to expand the tenant base. Based on CRE market data from WDSuite, the local rent-to-income profile sits near the national mid-range, supporting retention while leaving room for operational upside through asset and amenity improvements.
Built in 1999, the property is newer than most nearby stock, which can support competitive positioning versus older assets. Investors should budget for targeted modernization and system refreshes, but the combination of steady neighborhood occupancy, a sizable renter-occupied share, and proximity to major employers forms a reasonable foundation for income durability across cycles.
- Neighborhood occupancy is solid, supporting income stability at the asset level.
- High renter concentration indicates depth of tenant demand for multifamily.
- 1999 vintage offers competitive positioning versus older local stock with targeted value-add potential.
- Proximity to multiple corporate offices supports leasing and retention via commute convenience.
- Risks: thinner discretionary amenities nearby and competition from accessible ownership options; underwrite concessions and leasing velocity accordingly.