| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 52nd | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1918 N Holland Sylvania Rd, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1989 |
| Units | 50 |
| Transaction Date | 2013-08-21 |
| Transaction Price | $1,165,000 |
| Buyer | PINE MEADOWS APARTMENTS TOLEDO LLC |
| Seller | BANK OF NEW YORK MELLON TRUST COMPANY N |
1918 N Holland Sylvania Rd Toledo Multifamily Opportunity
Stabilized neighborhood occupancy and solid suburban fundamentals indicate consistent renter demand, according to WDSuite s CRE market data. Expect steady leasing with measured pricing power in a value-oriented Toledo submarket.
The property sits in a suburban pocket of Toledo that ranks 40 out of 244 metro neighborhoods with an A- neighborhood rating, making it competitive among Toledo neighborhoods. Neighborhood occupancy is elevated relative to national norms, supporting leasing stability and renewal potential. The 1989 vintage is newer than the area s average construction year of 1978, suggesting competitive positioning versus older stock while still warranting targeted capital planning for aging systems or selective value-add.
Local amenity access is a strength for daily needs: grocery, parks, and pharmacies score in the upper national percentiles, while restaurant density is also above average. Cafe and childcare density is limited, so on-site convenience and resident services can be differentiators. Average school ratings are closer to the national middle, which can still support family renter demand but may temper premium positioning.
Within a 3-mile radius, household and population growth over recent years, along with projections for additional household increases, point to a larger tenant base and support for occupancy stability. The renter-occupied share within this radius provides a meaningful multifamily demand pool, and median household incomes are healthy for the metro, helping sustain collections. Median contract rents in the neighborhood track below national midpoints, and the rent-to-income ratio near 0.12 indicates manageable affordability pressures a factor that can aid retention but may moderate near-term rent growth.
Home values in the area are lower relative to national levels, creating a more accessible ownership market. For investors, this can increase competition from for-sale housing at certain price points, underscoring the importance of unit quality, management execution, and amenities to maintain pricing power and reduce turnover. Overall, based on multifamily property research from WDSuite, the submarket s high occupancy, daily-needs amenities, and growing household base underpin a durable demand story.
Neighborhood safety indicators sit around the metro middle based on WDSuite data (122 out of 244 for overall crime). Compared with neighborhoods nationwide, violent offense metrics benchmark lower in the national distribution, while property and violent offense trends have improved over the past year, indicating directional progress.
For investors, this profile suggests a mixed but improving safety context: not among the metro s lowest-risk areas, yet recent declines in estimated offense rates are constructive. Underwriting should incorporate standard security, lighting, and resident engagement measures, with ongoing monitoring of trend data versus the broader Toledo region.
Proximity to major corporate offices expands the commuter tenant base and supports leasing stability. The employers below anchor regional demand across manufacturing and materials, with several headquarters within a manageable drive.
- Dana Holding automotive components (6.3 miles) HQ
- Owens Corning building materials (7.6 miles) HQ
- Dana Holding Corporation automotive components (8.1 miles)
- Owens-Illinois glass & packaging (9.2 miles) HQ
- Marathon Petroleum energy (42.9 miles) HQ
This 50-unit, 1989-vintage asset benefits from a suburban Toledo location with above-median neighborhood performance and high occupancy levels that support stable cash flow. The vintage is newer than the area s average, which can provide a competitive edge versus older properties; targeted modernization and systems upkeep should be part of capital planning to sustain leasing and reduce frictional vacancy.
Within a 3-mile radius, recent growth in population and households, along with projections for further increases, supports a larger renter pool and steadier absorption. Lower relative home values imply some competition from ownership, but manageable rent-to-income levels and access to daily-needs amenities bolster renewal prospects. According to CRE market data from WDSuite, the neighborhood ranks competitively within the Toledo metro, aligning the asset with durable, workforce-oriented demand.
- Suburban Toledo location with high neighborhood occupancy supporting consistent leasing
- 1989 vintage offers relative competitiveness vs. older stock with focused capex
- 3-mile radius shows growing households, expanding the tenant base and supporting retention
- Daily-needs amenities nearby enhance livability and renewal prospects
- Risk: lower-cost ownership market and average school scores may temper pricing power; active management remains important