| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 26th | Poor |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1933 W Alexis Rd, Toledo, OH, 43613, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 58 |
| Transaction Date | 2017-11-28 |
| Transaction Price | $1,450,000 |
| Buyer | TOLEDO HOMES FOR RENT LLC |
| Seller | TOLEDO HOUSE INVESTORS LLC |
1933 W Alexis Rd, Toledo OH Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, positioning this 58-unit asset for stable leasing in Toledo’s inner-suburban context.
The property sits in an Inner Suburb of Toledo with a neighborhood rating of B-. Occupancy in the surrounding neighborhood is competitive among Toledo neighborhoods (ranked 47 of 244) and in the top quartile nationally, supporting stability for multifamily operations. Renter-occupied share is high for the metro (ranked 25 of 244; 91st percentile nationally), signaling a sizable tenant base that can underpin consistent demand.
Vintage matters for capital planning: the asset was built in 1976, slightly newer than the neighborhood’s average vintage (1970). This positioning can offer a modest competitive edge versus older stock while still leaving room for targeted value‑add and systems modernization to enhance rents and retention.
Local amenity access is mixed. Restaurant density is above metro medians (ranked 26 of 244; 82nd percentile nationally), while cafes, groceries, parks, and pharmacies are thinner within the immediate neighborhood. Childcare access is a relative strength (92nd percentile nationally), which can help with resident convenience.
Within a 3‑mile radius, demographic data show a broadly stable population with forecasts pointing to growth through 2028 and an increase in households, indicating a larger renter pool over time. Median household incomes have been rising in the area, and projected gains further support demand for rental units and occupancy stability.
Home values in the neighborhood sit below national medians (21st percentile), and rents benchmark toward the lower end of national distributions. This creates a value-oriented rental position that may aid lease retention, though it can temper near-term pricing power relative to higher-cost markets.
Average school ratings in the neighborhood trail national norms (15th percentile). For family renters, this can influence unit mix preferences and length of stay, which owners should incorporate into leasing and renewal strategies.
Neighborhood safety indicators are mixed in a metro context. The area’s overall crime rank sits below the Toledo metro median (ranked 196 of 244), placing it below the national midpoint (around the 40th percentile). However, recent trends show improvement: estimated violent offenses declined year over year and this improvement tracks in a stronger national percentile for change (around the 72nd percentile), suggesting conditions have been moving in a favorable direction.
Investors should underwrite with comparative framing: safety is weaker than many Toledo neighborhoods but has shown recent year improvement. As always, evaluate on-site security measures, lighting, access controls, and property management practices alongside broader neighborhood trends.
Proximity to established employers supports commuter convenience and broadens the renter base, with nearby corporate offices spanning building materials and automotive components. The list below highlights key employers within a short drive that can contribute to day-to-day leasing stability.
- Dana Holding Corporation — automotive components (2.96 miles)
- Owens Corning — building materials (5.91 miles) — HQ
- Dana — automotive components (11.79 miles)
- Dana Holding — automotive components (11.80 miles) — HQ
- Owens-Illinois — glass containers (13.61 miles) — HQ
1933 W Alexis Rd offers 58 units averaging roughly 500 square feet in a neighborhood where occupancy trends are strong and renter concentration is high. Based on commercial real estate analysis from WDSuite, the surrounding area ranks in the top quartile nationally for occupancy while maintaining a large share of renter-occupied units, a combination that tends to support leasing durability. The 1976 vintage is slightly newer than the local average, creating a practical platform for targeted renovations and operational improvements.
The submarket’s rent and home value levels skew toward the lower end nationally, which can help retention and limit downside in softer cycles, though it may constrain near-term rent growth versus higher-cost markets. Demographic statistics aggregated within a 3‑mile radius point to population growth and a notable increase in households through 2028, expanding the renter pool and supporting occupancy stability over the medium term.
- Strong neighborhood occupancy and high renter concentration support stable demand
- 1976 construction enables focused value‑add and systems upgrades for competitiveness
- 3‑mile radius demographics indicate population growth and more households, enlarging the tenant base
- Proximity to major employers underpins commuter convenience and leasing continuity
- Risks: below-median safety versus metro, modest school ratings, and tempered pricing power in a value market