| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 48th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1830 N McCord Rd, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1983 |
| Units | 56 |
| Transaction Date | 2008-02-29 |
| Transaction Price | $11,000,000 |
| Buyer | TALMADGE MANOR INC |
| Seller | GIANT OAKS LLC |
1830 N McCord Rd Toledo Multifamily Investment
Neighborhood occupancy trends are in the mid-90s, supporting stable leasing conditions for well-managed assets, according to WDSuite’s CRE market data. Renter demand is reinforced by an elevated renter-occupied share locally versus nearby areas, pointing to a durable tenant base.
Situated in Toledo’s inner-suburban fabric, the neighborhood scores competitive among Toledo neighborhoods on overall livability (rank 47 of 244), per WDSuite. Grocery access ranks competitively (50 of 244; nationally above average), while childcare density ranks near the top of the metro (18 of 244), both of which can underpin day-to-day convenience valued by renters. By contrast, parks and cafes are limited nearby, suggesting fewer lifestyle amenities within immediate proximity.
Neighborhood occupancy is solid and competitive among Toledo neighborhoods (rank 91 of 244; nationally above median), indicating relatively steady renter demand compared with many local peers. Within the neighborhood, the share of housing units that are renter-occupied is elevated and sits in the top decile nationally, which signals a deeper tenant base for multifamily and can support leasing stability. In the broader 3-mile radius, renter concentration is lower, implying this pocket serves as a notable rental hub relative to surrounding areas.
Demographic statistics aggregated within a 3-mile radius show modest recent population and household growth, with projections pointing to further expansion by 2028. A growing household count and a balanced age mix expand the potential renter pool and can support occupancy stability and lease retention for professionally operated assets.
From a pricing and affordability standpoint, neighborhood rents are modest relative to income levels, and the rent-to-income ratio trends in a manageable range, which can aid retention and limit turnover pressure. Home values in the neighborhood sit around the mid-market for the metro; ownership is relatively accessible, which may create some competition with for-sale options, but the neighborhood’s higher renter concentration helps sustain multifamily demand.
Safety indicators are mixed. The neighborhood’s crime rank is 207 out of 244 within the Toledo metro, indicating higher incident rates than many metro peers. Nationally, safety percentiles are below average, suggesting investors should underwrite prudent security and operational practices.
Trend-wise, property offenses have moved lower year over year, placing improvement in a stronger national bracket, while violent offense trends have been less favorable. For investors, this combination argues for measured assumptions on security, lighting, and resident policies, while recognizing that declining property crime can support resident satisfaction over time.
Proximity to established corporate employers supports a stable regional employment base and commuter convenience for renters, including Dana, Owens Corning, Owens-Illinois, Marathon Petroleum, and Thermo Fisher Scientific.
- Dana Holding — automotive components (6.1 miles) — HQ
- Owens Corning — building materials (8.6 miles) — HQ
- Owens-Illinois — glass packaging (9.3 miles) — HQ
- Marathon Petroleum — energy (42.9 miles) — HQ
- Thermo Fisher Scientific — life sciences (43.4 miles)
This 56-unit asset sits in a rental-oriented pocket of Toledo where neighborhood occupancy trends in the mid-90s and the renter-occupied share is elevated versus the wider area. These fundamentals, combined with modest rents relative to incomes, point to durable demand and manageable retention risk for operators focused on resident experience and cost control, based on CRE market data from WDSuite.
Neighborhood convenience factors such as strong grocery and childcare access help underpin day-to-day livability, while limited park and cafe options mean the value proposition relies more on housing and access than lifestyle amenities. Safety indicators trail the metro, so underwriting should include measured security and CapEx for lighting and common areas. Overall, forward-looking household growth within a 3-mile radius expands the tenant base and supports steady long-term performance potential.
- Competitive neighborhood occupancy and elevated renter concentration support leasing stability
- Moderate rent-to-income dynamics aid retention and pricing discipline
- 3-mile population and household growth broadens the tenant base
- Convenience strengths (grocery/childcare) offset fewer nearby parks and cafes
- Risks: below-average safety metrics and some ownership competition; underwrite security and positioning accordingly