| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 29th | Poor |
| Amenities | 19th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1330 Brookview Dr, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1979 |
| Units | 116 |
| Transaction Date | 2011-03-07 |
| Transaction Price | $1,350,000 |
| Buyer | TSCHANNEN ERNEST E |
| Seller | K & R REAL ESTATE MANAGEMENT LLC |
1330 Brookview Dr Toledo Multifamily Investment
High renter concentration and above‑median neighborhood occupancy point to a resilient tenant base, based on CRE market data from WDSuite. Position within Toledo’s inner suburb offers access to major employers while maintaining relatively attainable rents.
Located in Toledo’s Inner Suburb, the property sits near daily needs with grocery options present, though parks, pharmacies, and cafes are limited in the immediate neighborhood. Proximity to major employment nodes within roughly 5–7 miles supports commute convenience and helps stabilize leasing.
Neighborhood occupancy trends are above the national median, according to WDSuite’s CRE market data, which supports income stability for multifamily. Rents track on the more accessible side for the metro, suggesting steady demand depth but moderate pricing power compared with higher‑cost submarkets.
The share of housing units that are renter‑occupied is high — competitive among Toledo neighborhoods and in the top quartile when compared with all 244 neighborhoods in the metro. For investors, this indicates a deep local tenant pool and supports ongoing demand for professionally managed rentals.
Demographic statistics aggregated within a 3‑mile radius show a slight population dip in recent years alongside growth in total households, pointing to smaller average household sizes and a larger renter pool over time. Forecasts indicate additional household growth ahead, which should expand the addressable tenant base and support occupancy stability.
Safety metrics for the neighborhood trend below national averages, and within the Toledo metro the area ranks toward the higher‑crime side (ranked 218 out of 244 neighborhoods). Investors should underwrite with appropriate operating practices and consider security and property management measures that align with resident expectations.
That said, recent momentum shows improvement: estimated violent‑offense rates declined year over year, placing the trend above the metro median for improvement, according to WDSuite’s CRE market data. While levels remain elevated versus safer Toledo neighborhoods, a downward trajectory is a constructive sign to monitor as part of risk management.
The location draws on a diversified employment base in auto components and building materials, supporting workforce housing demand and commute convenience to Dana, Owens Corning, Owens‑Illinois, and related corporate offices.
- Dana — auto components (4.8 miles)
- Dana Holding — auto components (4.8 miles) — HQ
- Owens Corning — building materials (5.4 miles) — HQ
- Owens-Illinois — packaging & glass (6.5 miles) — HQ
- Dana Holding Corporation — auto components (7.7 miles)
This 116‑unit community benefits from a high renter concentration and neighborhood occupancy that trends above the national median, supporting income durability relative to many workforce submarkets. According to CRE market data from WDSuite, rents in the area remain comparatively accessible, which sustains demand depth and can aid retention, though it may limit near‑term pricing power.
The address leverages proximity to multiple headquarters and corporate offices within 5–7 miles, reinforcing leasing through commute convenience. Demographic statistics within a 3‑mile radius indicate household growth and smaller average household sizes over time, which expands the renter pool and supports stable absorption. Key underwriting considerations include below‑average neighborhood safety metrics and limited immediate‑area amenities, both of which can be mitigated with targeted capital planning and hands‑on operations.
- High renter‑occupied share supports a deep local tenant base
- Above‑median neighborhood occupancy underpins income stability
- Commute access to major employers aids leasing and retention
- Accessible rent positioning supports demand depth but may temper pricing power
- Risk: safety metrics trail metro averages; proactive management and security are important