| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 48th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2010 Country Trce, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1990 |
| Units | 25 |
| Transaction Date | 2006-02-01 |
| Transaction Price | $7,000,000 |
| Buyer | CTA INVESTORS LLC |
| Seller | COUNTRY TRACE APARTMENTS INC |
2010 Country Trce Toledo Multifamily Investment
Neighborhood occupancy is steady and renter demand is durable for this inner-suburb location, according to WDSuite’s CRE market data. The area’s renter-occupied share and proximity to major employers suggest stable leasing conditions rather than outsized volatility.
Positioned in an Inner Suburb of Toledo, the neighborhood rates A- and ranks 47th of 244 in the metro, placing it in the top quartile among Toledo neighborhoods. That relative standing, combined with a neighborhood occupancy rate that is above the metro median, points to solid leasing fundamentals rather than a transient tenant base.
Daily needs are generally accessible: grocery density is competitive versus regional peers, while dining options are present though not destination-level. Café and park availability is limited within the immediate neighborhood, which may temper lifestyle appeal, but also helps keep expectations aligned with workforce-oriented renters.
For investors, tenure patterns are favorable: the neighborhood’s share of renter-occupied housing units is elevated (57.7%), indicating a deeper tenant pool and consistent multifamily demand. At the same time, median contract rents sit near the middle of the metro distribution, which can support retention and reduce turnover risk in flat-to-moderate growth periods.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with projections indicating further increases through 2028. A larger household base and a slight shift toward higher-income cohorts suggest a gradually expanding renter pool that supports occupancy stability over the medium term.
The property’s 1990 vintage is somewhat newer than the neighborhood’s average construction year (1984). That positioning can offer a competitive edge versus older stock, while still leaving room for targeted modernization to enhance rentability and operating efficiency.
Home values in the neighborhood are moderate for the region, and the rent-to-income ratio is measured at roughly 0.15. This combination typically supports lease retention and steady occupancy; however, it may limit near-term pricing power and create some competition from ownership options, requiring disciplined revenue management.
Safety metrics are mixed and warrant monitoring. Within the Toledo metro, the neighborhood’s crime rank sits in the lower half (207th of 244), indicating higher crime levels relative to many local peers. Nationally benchmarked percentiles also trail average levels, placing the area below the median for safety compared with neighborhoods nationwide.
Trend signals show some improvement on property-related incidents, with an estimated one-year decline that is competitive among peer areas, while violent-offense indicators remain weaker versus national norms. For underwriting, this suggests incorporating prudent security measures and conservative loss assumptions while recognizing that recent property-crime trends have eased.
The location draws on a diversified employment base across manufacturing and materials, which supports renter demand through commute convenience and a steady flow of workforce tenants. Key nearby employers include Dana, Owens Corning, Owens-Illinois, Marathon Petroleum, and Thermo Fisher Scientific.
- Dana — auto parts manufacturing (6.3 miles) — HQ
- Owens Corning — building materials (8.5 miles) — HQ
- Owens-Illinois — glass packaging (9.4 miles) — HQ
- Marathon Petroleum — energy (43.0 miles) — HQ
- Thermo Fisher Scientific — life sciences (43.2 miles)
This 25-unit, 1990-built asset sits in a Toledo neighborhood that ranks 47th of 244 locally, signaling competitive position and above-median occupancy among metro peers. According to CRE market data from WDSuite, the neighborhood’s renter concentration and steady, mid-market rent profile point to durable demand and manageable turnover, with modernization upside relative to older nearby stock.
Demographic statistics aggregated within a 3-mile radius indicate recent growth in population and households, with projections calling for further expansion through 2028—supportive of a larger tenant base and occupancy stability. Moderate home values and a relatively low rent-to-income ratio favor retention, though they also imply disciplined pricing strategy and attention to competitive positioning versus entry-level homeownership.
- Competitive neighborhood rank within Toledo and above-median occupancy support stable leasing.
- 1990 vintage offers value-add potential through selective upgrades versus older local stock.
- Expanding 3-mile population and household base points to a growing renter pool and leasing depth.
- Diverse nearby employers underpin workforce housing demand and lease retention.
- Risk: Safety metrics trail national norms and café/park access is limited, warranting conservative underwriting and asset-level mitigation.