| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 48th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 N McCord Rd, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1983 |
| Units | 58 |
| Transaction Date | 2008-02-29 |
| Transaction Price | $11,000,000 |
| Buyer | TALMADGE MANOR INC |
| Seller | GIANT OAKS LLC |
1900 N McCord Rd Toledo Multifamily Investment
Inner-suburb location with stable neighborhood occupancy and a deep renter base supports consistent leasing, according to WDSuite’s CRE market data. This asset’s scale positions it to capture steady demand while balancing rent growth with retention-oriented operations from day one.
Located in an inner-suburban pocket of Toledo, the property benefits from neighborhood occupancy that is above many U.S. areas, with the neighborhood’s stabilized conditions helping support income durability. Rents in the immediate area sit in a moderate range, which can aid retention and steady lease-ups rather than purely peak-rate positioning.
Amenity access is mixed: grocery and dining options are present at levels that are competitive among Toledo neighborhoods (ranked against 244 metro neighborhoods), while parks, cafes, and pharmacies are limited, suggesting a car-oriented lifestyle. For investors, that mix implies everyday convenience for residents but fewer destination amenities, which places the focus on on-site features and property management to drive retention.
Tenure dynamics are favorable for multifamily: the neighborhood shows a high share of renter-occupied housing units (among the top concentrations locally), indicating a sizable tenant base and potential leasing depth for a 58-unit asset. Within a 3-mile radius, recent population and household increases, along with projections calling for additional population growth and a larger household base by 2028, point to a gradually expanding renter pool that can support occupancy stability. These trends, based on CRE market data from WDSuite, align with investors prioritizing dependable absorption over volatility in smaller assets.
Home values in the neighborhood sit near national mid-range levels, and rent-to-income ratios trend on the manageable side, which can support renewal rates and reduce turnover pressure. That said, relatively accessible ownership options in the broader area can create some competition for higher-end units; positioning and value-add execution should emphasize livability, unit finishes, and management quality to sustain pricing power. For multifamily property research, the takeaway is an everyday-renter profile with steady fundamentals rather than speculative rent spikes.
Safety indicators for the neighborhood are mixed. Relative to national benchmarks, crime levels track below the national median for safety, and within the Toledo metro the neighborhood ranks in the lower tier compared with other areas (measured against 244 metro neighborhoods). Investors should underwrite conservative assumptions for security, lighting, and resident experience initiatives.
Trend signals are noteworthy: property crime has eased year over year in the neighborhood, while violent offense indicators have shown less improvement. Balancing these trends with well-executed onsite protocols and resident engagement can help support retention and reputation without overreliance on area-wide improvements.
The area’s employment base includes corporate headquarters and major regional offices that help underpin renter demand through diverse, commutable jobs across manufacturing, building materials, energy, and life sciences.
- Dana Holding — automotive components HQ (6.2 miles) — HQ
- Owens Corning — building materials HQ (8.6 miles) — HQ
- Owens-Illinois — glass packaging HQ (9.3 miles) — HQ
- Marathon Petroleum — energy HQ (42.9 miles) — HQ
- Thermo Fisher Scientific — life sciences offices (43.3 miles)
This 58-unit asset sits in an inner-suburban neighborhood with occupancy that has remained resilient and a notably high concentration of renter-occupied housing units, supporting steady leasing and renewal prospects. Within a 3-mile radius, recent growth in population and households, alongside projections for further expansion by 2028, points to a larger tenant base over the hold period—favorable for maintaining occupancy and measured rent growth. According to CRE market data from WDSuite, local rents and rent-to-income ratios appear manageable, which can aid retention while still allowing selective revenue management.
Positioning should emphasize practical livability and value-add touches to differentiate against accessible ownership options and limited nearby lifestyle amenities. Underwriting should account for a safety profile that trails stronger Toledo submarkets, offset by property crime improvements and professional management practices that reinforce resident experience and lease stability.
- Stabilized neighborhood with strong renter concentration supports depth of demand and renewal potential.
- 3-mile radius shows population and household growth, expanding the prospective tenant pool over time.
- Manageable rent-to-income dynamics enable retention-focused revenue management rather than discount-driven leasing.
- Proximity to multiple corporate headquarters provides diverse employment anchors within commutable range.
- Risks: below-median safety relative to metro peers and limited nearby lifestyle amenities; mitigate via security, on-site features, and targeted value-add.