| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1244 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1979 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1244 Brookview Dr Toledo Multifamily Investment
Renter concentration in the surrounding neighborhood is elevated, supporting a deeper tenant base and steadier leasing, while neighborhood occupancy trends sit around the national mid-point, according to WDSuite’s CRE market data. This positioning can help underpin cash flow consistency without relying on premium rent growth.
Situated in an Inner Suburb of Toledo, the property benefits from neighborhood fundamentals that favor multifamily demand: a high share of renter-occupied housing units (ranked 12 out of 244 metro neighborhoods, 97th percentile nationally) indicates a broad, established tenant pool. Neighborhood occupancy tracks near the national 60th percentile, suggesting relatively steady lease-up and retention through cycles, based on commercial real estate analysis from WDSuite.
Daily needs are reasonably served by nearby retail: grocery density is competitive among Toledo neighborhoods (ranked 80 of 244), and restaurants sit above the metro median (ranked 111 of 244). Parks, cafes, childcare, and pharmacies are limited within the immediate neighborhood footprint; residents are more likely to access these amenities via short drives to adjacent corridors. Average school ratings trend weak versus national benchmarks, so family-driven demand may rely more on unit value, commute convenience, and property-level amenities than on school district pull.
Within a 3-mile radius, population has been flat to slightly down in recent years, but households increased and are projected to grow meaningfully through 2028 alongside smaller average household sizes. This points to a larger number of household formations and a potential renter pool expansion that can support occupancy stability for well-managed assets.
Home values in the neighborhood are lower relative to national norms, and median contract rents benchmark below the national mid-point. For investors, this combination suggests accessible rental options that can sustain demand, with lease management focused on retention and measured rent steps rather than outsized premiums. Rent-to-income levels indicate manageable affordability pressure, which can support renewal outcomes but may limit top-end pricing power.
Safety indicators for the neighborhood are weaker than many areas in the metro and nationally (crime rank 218 out of 244 Toledo neighborhoods; lower national percentiles for safety). However, recent trends show improvement, with violent offense rates declining meaningfully year over year and property offenses trending down modestly, according to WDSuite’s CRE market data. Investors should underwrite with prudent security measures and asset management practices while recognizing the directionally improving trajectory.
The area draws on a diverse employment base anchored by corporate offices in and around downtown Toledo, supporting workforce housing demand and practical commute times. Key nearby employers include Dana, Dana Holding, Owens Corning, and Owens-Illinois.
- Dana — corporate offices (4.7 miles)
- Dana Holding — corporate offices (4.7 miles) — HQ
- Owens Corning — corporate offices (5.5 miles) — HQ
- Owens-Illinois — corporate offices (6.4 miles) — HQ
- Dana Holding Corporation — corporate offices (7.8 miles)
This 96-unit asset participates in a renter-heavy neighborhood that supports depth of demand and consistent leasing. Neighborhood occupancy benchmarks near the national 60th percentile, and contract rents sit below national mid-range levels, indicating accessible price points that can help sustain tenant retention. Within a 3-mile radius, households are projected to grow and average household sizes to decline, which can expand the renter pool and support steady absorption, according to CRE market data from WDSuite.
At the same time, investors should account for a modest amenity footprint within the immediate neighborhood and safety metrics that trail metro and national averages, offset by recent improvement trends. Execution will likely hinge on operations, resident experience, and targeted capital planning to maintain competitiveness against nearby alternatives.
- High renter-occupied concentration supports a deep tenant base and stable leasing
- Neighborhood occupancy near national mid-point underpins cash flow consistency
- 3-mile household growth and smaller household sizes point to renter pool expansion
- Competitive commute access to major employers (Dana, Owens Corning, Owens-Illinois) supports workforce demand
- Risks: limited immediate amenities and below-average safety indicators require proactive management