| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 54th | Good |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2356 Cheyenne Blvd, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2356 Cheyenne Blvd, Toledo Multifamily Investment
Neighborhood occupancy is strong with a deep renter base, according to WDSuite’s CRE market data, positioning this 120-unit asset for stable leasing in an inner-suburb location.
Situated in an Inner Suburb of Toledo, the area carries an A neighborhood rating and ranks 31 out of 244 metro neighborhoods—above the metro median for overall performance. Neighborhood occupancy is about 96.5% (neighborhood measure), a constructive sign for income durability.
Access to daily needs is a relative strength: groceries and pharmacies rank near the top locally, and restaurants are comparatively abundant. Childcare options are also strong, supporting family-oriented renter retention. Parks and cafes are limited, so on-site amenities can be meaningful for resident experience.
Local housing stock averages vintage 1974. With a 1973 construction year, this asset may benefit from targeted systems and interior updates to stay competitive with refreshed properties—creating selective value-add potential. Neighborhood-level rents are below national norms, and rent-to-income levels suggest manageable affordability pressure that can support renewals with disciplined pricing.
Demographics are aggregated within a 3-mile radius. Recent population has been stable, and WDSuite data points to projected growth and a larger household base by 2028, implying a broader tenant pool. Income trends have improved and are expected to continue rising alongside rents, a backdrop that typically supports occupancy stability—useful context for commercial real estate analysis.
Within the Toledo metro, the neighborhood ranks 213 out of 244 for crime (a higher rank indicates comparatively lower crime in this framework). Nationally, safety sits below average, so underwriting should assume prudent operating measures.
Trend direction is constructive: property offenses have declined year over year and rank favorably for improvement nationally, based on WDSuite’s CRE market data. Even with this progress, investors should plan for ongoing security, lighting, and community engagement.
Nearby corporate offices help support renter demand and commute convenience, led by advanced materials and manufacturing headquarters noted below.
- Dana — corporate offices (2.38 miles)
- Dana Holding — corporate offices (2.39 miles) — HQ
- Owens-Illinois — corporate offices (4.89 miles) — HQ
- Owens Corning — corporate offices (7.74 miles) — HQ
- Dana Holding Corporation — corporate offices (10.15 miles)
This 120-unit, 1973-vintage community benefits from an A-rated inner-suburb setting where renter-occupied share is high (neighborhood measure) and occupancy is strong. According to CRE market data from WDSuite, neighborhood fundamentals and convenient access to daily needs underpin steady leasing, while 3-mile forecasts indicate a larger tenant base and rising incomes—tailwinds for retention and disciplined rent growth.
The vintage suggests practical value-add: phased systems and interior upgrades can help sustain competitive positioning versus refreshed stock. Balanced underwriting should also account for below-average national safety benchmarks with continued focus on operations and resident experience.
- Strong neighborhood occupancy and high renter-occupied share support leasing durability (neighborhood measures).
- Convenience to groceries, pharmacies, and restaurants supports retention and daily-life appeal.
- 1973 vintage provides clear value-add angles via systems and interior modernization.
- 3-mile forecasts point to a larger tenant base and improving incomes, aiding occupancy stability.
- Risk: below-average national safety metrics warrant prudent operating and CapEx planning.