| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 51st | Good |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 Stirrup Ln, Toledo, OH, 43613, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 72 |
| Transaction Date | 2012-01-19 |
| Transaction Price | $1,650,000 |
| Buyer | HARB ESTATE MANAGEMENT LLC |
| Seller | THE ARIZONA COMMUNITY FOUNDATION INC |
2101 Stirrup Ln, Toledo — 72-Unit Multifamily Investment
Neighborhood occupancy trends sit around the national midpoint with steady renter demand supported by everyday amenities, according to WDSuite’s CRE market data. Positioning near employment and retail corridors can help sustain leasing and reduce downtime through typical cycles.
This Inner Suburb location carries a B+ neighborhood rating and offers daily convenience that supports multifamily retention. Amenity access is competitive among Toledo neighborhoods, with grocery options ranking in the top quartile among 244 metro neighborhoods and restaurant density comparing favorably at the metro level. Nationally, amenity measures track closer to the middle, which suggests dependable—if not destination—retail and service coverage for residents.
Rents in the immediate neighborhood are positioned for value-conscious households, and rent-to-income levels indicate manageable affordability that can support lease stability and measured rent growth. The neighborhood’s occupancy runs near the national median, a signal of demand resilience rather than froth, based on CRE market data from WDSuite.
Within a 3-mile radius, demographics show modest population growth and a projected increase in households over the next five years, implying a larger tenant base over time. Income trends in the radius have been improving, which can support incremental pricing power while keeping an eye on retention. A meaningful share of housing units are renter-occupied, reinforcing demand depth for multifamily product rather than relying on a narrow niche.
Amenity mix skews toward practical needs—strong grocery presence and childcare availability rank well within the metro—while park, pharmacy, and cafe densities are thinner. For investors, that combination points to solid workforce-oriented livability where proximity and price matter more than lifestyle-driven premiums.
Safety indicators for the neighborhood are below the national median, and the area ranks in the lower half among 244 Toledo metro neighborhoods. That said, recent trend data shows a meaningful year-over-year decline in violent offenses, indicating improvement from prior levels. In practical terms, investors should underwrite to current conditions while recognizing a favorable direction of change.
Nearby employers in advanced materials and manufacturing provide a broad blue- and white-collar employment base that supports renter demand and commute convenience. Key names include Dana, Owens Corning, Dana Holding, and Owens-Illinois.
- Dana Holding Corporation — automotive components (3.2 miles)
- Owens Corning — building materials (6.2 miles) — HQ
- Dana — automotive components (11.9 miles)
- Dana Holding — automotive components (11.9 miles) — HQ
- Owens-Illinois — glass & packaging (13.8 miles) — HQ
The 72-unit asset benefits from steady, needs-based renter demand in a B+ Inner Suburb pocket where occupancy trends sit near the national median and affordability remains a draw. Daily-needs amenities—especially grocery and childcare—rank well within the Toledo metro, supporting retention for workforce households. Within a 3-mile radius, modest population growth and a projected increase in households point to a gradually expanding renter pool that can support occupancy stability over a multi-year hold, based on CRE market data from WDSuite.
Positioning is more “function-first” than lifestyle-driven: restaurant access is solid, while parks, cafes, and pharmacies are thinner, which tempers expectations for top-tier premiums but favors consistent absorption at value-oriented price points. Home values in the area are comparatively accessible, which can introduce some competition from ownership; prudent underwriting should focus on product differentiation, operational execution, and retention management.
- Steady renter demand and occupancy near national norms support cash flow durability
- Strong everyday amenities (notably grocery and childcare) aid leasing and retention
- Growing 3-mile household base expands the tenant pool over the medium term
- Value-oriented positioning offers room for operational upside through renovations and management
- Risks: safety measures below national median and some competition from accessible ownership options