| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 48th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1935 Country Trce, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1989 |
| Units | 20 |
| Transaction Date | 2006-02-01 |
| Transaction Price | $7,000,000 |
| Buyer | CTA INVESTORS LLC |
| Seller | COUNTRY TRACE APARTMENTS INC |
1935 Country Trce Toledo 20-Unit Multifamily Asset
Neighborhood occupancy trends in the mid-90s and a majority of renter-occupied units signal durable demand drivers for a 20-unit property, according to WDSuite’s CRE market data. Positioning favors steady cash flow potential in an Inner Suburb setting with balanced affordability.
This Inner Suburb pocket of Toledo carries an A- neighborhood rating and ranks 47 out of 244 metro neighborhoods — above the metro median — indicating balanced livability and housing fundamentals for multifamily investors, based on CRE market data from WDSuite. Neighborhood occupancy is in the mid-90s, and the share of housing units that are renter-occupied is elevated (93rd percentile nationally), supporting depth of tenant demand and lease-up resiliency at the submarket level.
Daily-needs access is a relative strength: grocery availability sits well above national averages, and restaurant density is competitive among Toledo neighborhoods. By contrast, parks, pharmacies, and cafes are limited locally, so walkability for certain errands may be constrained; investors should underwrite this into marketing and retention plans. Childcare access is a bright spot, ranking in the top decile nationally, which can help support family-oriented renter demand.
The property’s 1989 vintage is slightly newer than the neighborhood’s average construction year (1984). That positioning can provide a competitive edge versus older stock, though investors should still plan for targeted system updates or interior refreshes to meet current renter preferences and sustain occupancy.
Within a 3-mile radius, demographics point to an expanding renter pool: population and households have grown in recent years, and projections indicate a sizable increase in households through 2028, suggesting a larger tenant base and support for occupancy stability. Median household incomes in the area have risen meaningfully, while neighborhood rent-to-income ratios sit at levels that imply manageable affordability pressure — a constructive backdrop for lease retention and measured pricing power in multifamily property research.
Ownership costs in the area are moderate by national standards, which can introduce some competition from entry-level ownership options. However, the strong renter concentration and stable neighborhood occupancy suggest sustained reliance on rental housing, particularly for residents prioritizing commute convenience and value.
Safety indicators are mixed and should be underwritten thoughtfully. The neighborhood ranks 207 out of 244 within the Toledo metro, signaling higher crime relative to many local neighborhoods and a position below national safety averages. At the same time, property offenses have declined by roughly thirty percent year over year, placing the improvement trend in the top quartile nationally — a constructive direction investors can track for momentum.
Given these dynamics, prudent measures such as lighting, access control, and community engagement can help support resident satisfaction and retention. Framing performance against the broader region, rather than block-level claims, is advisable as conditions can vary within short distances.
Proximity to established corporate employers underpins a steady commuter tenant base, with convenient access to automotive components, building materials, and energy headquarters that can aid leasing stability and retention.
- Dana Holding — automotive components (6.2 miles) — HQ
- Owens Corning — building materials (8.6 miles) — HQ
- Owens-Illinois — packaging & glass (9.4 miles) — HQ
- Marathon Petroleum — energy (43.0 miles) — HQ
1935 Country Trce offers a 20-unit footprint with larger average unit sizes (about 949 sq. ft.) in a neighborhood that is above the metro median for overall rating and shows a high concentration of renter-occupied housing. Occupancy trends in the mid-90s, combined with rising area incomes and rent-to-income levels consistent with manageable affordability pressure, point to stable tenant retention and measured pricing potential. According to CRE market data from WDSuite, local grocery and restaurant access is a relative strength, while limited parks and pharmacies suggest a car-oriented living pattern that owners should factor into amenity strategy.
The 1989 vintage is modestly newer than the neighborhood average, which can enhance competitive positioning versus older stock while still leaving room for targeted value-add through interior modernization and system updates. Within a 3-mile radius, recent population growth and projected increases in households indicate a larger tenant base ahead — a constructive backdrop for maintaining occupancy, provided underwriting reflects potential competition from entry-level ownership and localized safety considerations.
- Above-metro-median neighborhood with strong renter concentration supports demand depth
- Mid-90s neighborhood occupancy and rising incomes favor retention and steady cash flow
- 1989 vintage offers competitive positioning with scope for targeted value-add updates
- Retail and employer proximity underpin commuter appeal and leasing stability
- Risks: localized safety below metro leaders and competition from ownership options