| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1253 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1975 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1253 Brookview Dr Toledo Multifamily — 1975 Vintage, 52 Units
Neighborhood renter concentration is high and occupancy trends sit above national medians, supporting steady tenant demand according to WDSuite’s CRE market data.
Located in Toledo’s inner-suburb fabric, the property sits in a neighborhood with a C rating and occupancy that is above the national median, signaling durable leasing fundamentals at the neighborhood level rather than at the property level. A renter-occupied share near the top of the metro distribution indicates a deep tenant base for smaller-format units.
Vintage matters here: the 1975 construction is slightly older than the neighborhood’s average year built. For investors, that often points to value-add potential through unit refreshes, systems upgrades, and common-area improvements to enhance competitiveness against newer stock.
Daily convenience is serviceable: grocery access is competitive among Toledo neighborhoods, while cafes, parks, and pharmacies are limited within the neighborhood. This mix supports workforce housing demand but places a premium on onsite amenities and management to drive retention.
Within a 3-mile radius, population softened over the last period while household counts edged higher, and forecasts point to growth in both population and households over the next five years. Rising household incomes and projected rent levels in the area suggest a larger tenant base and support for occupancy stability, with rent-to-income levels that help manage retention risk.
Home values in the neighborhood are lower than many U.S. areas. For multifamily, this can introduce competition from ownership options, but it also supports leasing for residents prioritizing more accessible monthly housing costs. Lease management and product positioning will be key to sustaining pricing power in this context.
Relative to other Toledo neighborhoods (244 total), this area ranks in the weaker cohort for safety, and national comparisons place it below typical U.S. neighborhoods. That said, recent trends show improvement, with violent offenses declining materially year over year, indicating a positive direction to monitor rather than a resolved risk.
Investors should underwrite with conservative assumptions, emphasizing lighting, access control, and resident engagement while tracking neighborhood-level trends alongside city initiatives and property-level security measures.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, led by Dana, Dana Holding, Owens Corning, Owens-Illinois, and Dana Holding Corporation.
- Dana — corporate offices (4.8 miles)
- Dana Holding — corporate offices (4.8 miles) — HQ
- Owens Corning — corporate offices (5.5 miles) — HQ
- Owens-Illinois — corporate offices (6.5 miles) — HQ
- Dana Holding Corporation — corporate offices (7.7 miles)
1253 Brookview Dr offers 52 units averaging efficient footprints, positioned in a neighborhood with renter concentration and occupancy above national medians. Based on CRE market data from WDSuite, the area’s leasing backdrop is supported by a large renter pool and projected growth in nearby households, while the 1975 vintage suggests actionable value-add through interior updates and building systems improvements.
Grocery access is competitive locally, though other amenities are thinner, making onsite advantages and professional management important for retention. Lower neighborhood home values can create ownership competition, but moderate rent-to-income dynamics and proximity to major employers can underpin steady demand when product is well-positioned. Key risks include neighborhood safety standing and amenity scarcity, both manageable with targeted capex and operating focus.
- Occupancy above national medians at the neighborhood level supports lease stability
- 1975 vintage creates clear value-add pathways via renovations and systems upgrades
- Strong renter concentration and projected household growth expand the tenant base within 3 miles
- Proximity to multiple corporate offices supports workforce housing demand and retention
- Risks: below-average safety and thinner amenities require prudent underwriting and active management