| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 62nd | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2330 Old Stone Ct, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2330 Old Stone Ct Toledo Multifamily Investment
Neighborhood occupancy is competitive among Toledo submarkets and sits in the top quintile nationally, according to WDSuite’s CRE market data, supporting steady leasing for a 44‑unit asset. With a high renter concentration nearby, the property’s demand profile favors consistent tenancy over the cycle.
Located in an Inner Suburb of Toledo, the neighborhood carries a B+ rating and ranks 81 out of 244 metro neighborhoods, signaling broadly solid fundamentals for workforce housing. Neighborhood occupancy is 96.6% and ranks 58 of 244 (above the metro median and top quartile locally; 81st percentile nationally), which supports stability in lease-up and renewals for multifamily investors.
Renter-occupied housing makes up an estimated 69.1% of units in the neighborhood (high renter concentration, rank 13 of 244), indicating a deep tenant base and resilient demand for apartments. Average household size in the neighborhood is smaller than typical (rank 10 of 244), which can favor one- and two-bedroom product and supports absorption for mid-size floor plans.
Amenity access is mixed: restaurant density ranks 15 of 244 (competitive locally), while immediate counts for cafes, grocery, parks, and pharmacies are limited within the neighborhood footprint. Investors should assess how property-level conveniences and nearby corridors offset these gaps to sustain retention.
The building’s 1976 vintage is older than the neighborhood’s average construction year of 1985. That age profile suggests planning for targeted capital expenditures and value-add improvements to enhance competitiveness versus newer stock, while leveraging demand from a renter-heavy area.
Within a 3-mile radius, demographics show modest recent population and household increases, with forecasts pointing to further population growth and a larger household base over the next five years. This projected renter pool expansion can underpin occupancy stability and measured rent growth. For context and comparables, this section reflects commercial real estate analysis aggregated within a 3-mile radius.
Ownership costs in the neighborhood are relatively moderate by national standards (home values and value-to-income ratios below national medians), which can introduce some competition from entry-level ownership. However, rent-to-income levels indicate manageable affordability pressure for many renters, helping support lease retention with prudent pricing.
Safety indicators are mixed but trending favorably. The neighborhood’s overall crime rank is 120 out of 244 Toledo neighborhoods, placing it near the metro midpoint and slightly above the national median for safety (52nd percentile). Property and violent offense rates have declined year over year, with change metrics placing the neighborhood in stronger improvement tiers nationally.
In practical terms, this suggests conditions that are broadly in line with metro norms, with recent trends moving in a positive direction. Investors should underwrite standard security and lighting enhancements and review recent police blotter and insurance data as part of routine risk assessment.
Proximity to established corporate offices supports renter demand through short commutes and a diversified employment base. Nearby employers include Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation.
- Dana — corporate offices (2.6 miles)
- Dana Holding — corporate offices (2.6 miles) — HQ
- Owens-Illinois — corporate offices (4.8 miles) — HQ
- Owens Corning — corporate offices (7.4 miles) — HQ
- Dana Holding Corporation — corporate offices (9.9 miles)
This 44‑unit asset, built in 1976 with larger-than-typical average unit sizes, is positioned in a renter-heavy neighborhood where occupancy ranks in the top quartile among 244 Toledo neighborhoods and sits in the 81st percentile nationally. The combination of deep renter concentration and steady neighborhood occupancy supports durable cash flow, while the property’s older vintage points to targeted value-add opportunities to elevate competitive positioning versus 1980s-and-newer peers.
Within a 3-mile radius, modest recent population and household gains are expected to accelerate over the next five years, indicating a larger tenant base and support for leasing stability. According to CRE market data from WDSuite, local ownership costs are comparatively moderate and rent-to-income levels suggest manageable affordability pressure, which can aid retention if pricing is matched to product quality. Investors should weigh amenity gaps in the immediate neighborhood against proximity to employment nodes and consider capex that enhances on-site convenience and curb appeal.
- Top-quartile neighborhood occupancy in Toledo and strong national percentile supports leasing stability
- High renter-occupied share signals a deep tenant base for a 44‑unit property
- 1976 vintage offers clear value-add and capex planning levers to improve competitiveness
- 3-mile demographics point to renter pool expansion, aiding absorption and renewals
- Risk: limited immediate neighborhood amenities and moderate incomes require disciplined underwriting and resident retention strategy