| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Poor |
| Demographics | 23rd | Poor |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 212 Page St, Toledo, OH, 43620, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 117 |
| Transaction Date | 2019-04-19 |
| Transaction Price | $1,760,000 |
| Buyer | MOODY MANOR APARTMENTS LLC |
| Seller | MOODY MANOR LLC |
212 Page St Toledo Multifamily Investment Opportunity
Neighborhood-level renter concentration is high, supporting a deeper tenant base and steady leasing potential, according to WDSuite’s CRE market data.
Positioned in Toledo’s inner-suburb fabric, the area around 212 Page St skews strongly renter-occupied (at the neighborhood level), which supports demand depth for a 100+ unit asset. While overall neighborhood occupancy ranks below the metro median, the renter base can help stabilize leasing with the right value proposition and management focus.
Everyday convenience is a relative strength: grocery and pharmacy access rank in the top decile nationally, though cafes, restaurants, and parks are limited locally. For investors, this mix suggests reliable essentials for residents but fewer lifestyle amenities, which may require competitive positioning on finishes, service, or pricing to sustain retention.
The property’s 1973 vintage is newer than the neighborhood’s older housing stock profile. That positioning can be competitive versus pre‑war buildings, yet systems may still be at ages where selective capital planning (mechanicals, exteriors, common areas) can unlock value-add upside and support occupancy stability.
Within a 3‑mile radius, households have inched up despite a small population dip, implying smaller household sizes and a steady renter pipeline. Projections through 2028 indicate growth in population and households, pointing to a larger tenant base ahead if realized. Neighborhood-level rents remain accessible relative to many markets, and a moderate rent‑to‑income profile suggests room for thoughtful renovations while monitoring retention risk. Based on CRE market data from WDSuite, schools score lower than regional norms, so marketing should emphasize convenience, workforce access, and value.
Safety outcomes in this neighborhood trail both metro and national norms, with ranks in the lower tier among 244 Toledo neighborhoods. That positioning indicates investors should underwrite elevated security and property management measures. At the same time, recent filings show year‑over‑year declines in both violent and property offense rates, signaling an improving trend that should be monitored rather than assumed.
In investor terms, this backdrop argues for pragmatic risk controls: lighting, access management, and resident engagement programs can support retention and leasing while aligning with underwritten expenses. Comparatively, the area is not among the top quartile nationally for safety; positioning the asset on value, convenience, and management quality is likely to matter more than in higher‑ranked locations.
The location is proximate to a stable base of corporate employers that support workforce housing demand and commute convenience, including Owens Corning, Dana, and Owens‑Illinois. This employer mix underpins weekday traffic and can aid leasing and retention for working households.
- Owens Corning — building materials HQ (1.5 miles) — HQ
- Dana Holding Corporation — automotive components (2.8 miles)
- Dana — automotive components (10.4 miles)
- Dana Holding — automotive components (10.4 miles) — HQ
- Owens‑Illinois — packaging HQ (11.0 miles) — HQ
This 117‑unit, 1973‑vintage asset offers a value‑add angle in a renter‑heavy neighborhood where essential retail access is strong but lifestyle amenities are thinner. Relative to the area’s older housing stock, 1970s construction can compete on systems and layouts, with targeted upgrades likely to drive leasing and retention. According to CRE market data from WDSuite, neighborhood occupancy trails metro norms, so performance will hinge on execution: pragmatic capex, service quality, and pricing that speaks to the local renter base.
Demand is reinforced by proximity to major employers and a 3‑mile household base that is projected to expand, indicating a larger renter pool if forecasts materialize. Ownership costs in the area remain comparatively accessible, which can create competition with entry‑level ownership; however, well‑positioned multifamily can retain residents through convenience, predictable costs, and upgraded living experience.
- Renter‑heavy neighborhood and essential retail access support tenant demand depth
- 1973 vintage presents value‑add and systems modernization opportunities versus older local stock
- Commute access to Owens Corning, Dana, and Owens‑Illinois underpins weekday leasing stability
- Forecast growth in 3‑mile households suggests a larger renter pool over the medium term
- Risks: below‑metro occupancy, safety perceptions, and competition from accessible ownership options