| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 62nd | Good |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2380 Old Stone Ct, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2380 Old Stone Ct Toledo Multifamily Investment Opportunity
Neighborhood occupancy is in the mid‑90s, underscoring durable leasing conditions relative to the metro, according to WDSuite’s CRE market data. Investor takeaway: steady renter demand with room for value‑add at the submarket level.
This Inner Suburb pocket of Toledo carries a B+ neighborhood rating and ranks 81 out of 244 city neighborhoods, making it competitive among Toledo neighborhoods. Neighborhood occupancy of 96.6% ranks 58 of 244 (top quartile in the metro), pointing to stable lease-up and retention dynamics for multifamily assets nearby. Renter-occupied housing accounts for 69.1% of units in the neighborhood (ranked 13 of 244), indicating a deep tenant base that supports demand consistency.
Vintage context matters: the property was built in 1976, while the neighborhood’s average construction year is 1985. The older vintage suggests investors should plan for targeted capital improvements and potential renovation upside to sharpen competitiveness against newer stock.
Amenity access is mixed. Restaurant density ranks in the 86th percentile nationally, offering convenient dining options, while cafes, groceries, parks, and pharmacies are sparse within the immediate neighborhood footprint. For investors, this typically supports everyday convenience by car but fewer walk-to amenities, which may influence marketing and resident expectations.
Home values in the neighborhood sit in the 25th percentile nationally, and the rent-to-income ratio ranks in the lower national percentiles, a combination that points to a relatively accessible ownership market and manageable renter affordability pressure. For multifamily investors, this can support lease retention but may also introduce some competition from entry-level ownership, requiring disciplined pricing and amenity positioning.
Demographic indicators within a 3-mile radius show modest recent population growth with a projected increase in both population and households by the 2028 publication horizon, expanding the renter pool and supporting occupancy stability. Educational attainment in the neighborhood is above the national median (bachelor’s share near the 69th percentile), which can correlate with steadier incomes and leasing performance, based on CRE market data from WDSuite.
Safety trends are mixed but improving. Relative to the Toledo metro, the neighborhood’s overall crime rank sits near the metro median (120 of 244), while nationally it performs slightly better than average (around the 52nd percentile). Year over year, both violent and property offense rates are estimated to have declined meaningfully, placing those improvements in stronger national percentiles, which suggests positive momentum rather than a definitive condition.
Investors should interpret these signals as supportive of leasing stability when combined with strong neighborhood occupancy, while continuing routine risk management and resident safety measures that are typical for inner-suburban assets.
Proximity to established corporate employers supports a diversified renter base and commute convenience. Nearby anchors include Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation, which collectively underpin steady regional employment relevant to workforce and professional tenants.
- Dana — automotive supplier (2.6 miles)
- Dana Holding — automotive supplier (2.6 miles) — HQ
- Owens-Illinois — glass packaging (4.8 miles) — HQ
- Owens Corning — building materials (7.4 miles) — HQ
- Dana Holding Corporation — automotive supplier (9.9 miles)
2380 Old Stone Ct combines neighborhood occupancy strength with a renter-heavy housing mix, positioning the asset for steady leasing. The 1976 vintage is older than the neighborhood average, creating clear value-add pathways through unit and systems upgrades while leveraging a tenant base supported by stable inner-suburban location fundamentals. According to CRE market data from WDSuite, neighborhood occupancy ranks in the metro’s top quartile, aligning with investor priorities around cash flow reliability.
Within a 3-mile radius, population and household counts are projected to expand through the 2028 publication horizon, pointing to a larger tenant base over time. Ownership costs are relatively accessible by national standards and rent-to-income metrics are comparatively moderate, which can aid retention but requires disciplined rent management and amenity positioning to mitigate competition from entry-level ownership options.
- Top-quartile neighborhood occupancy in the Toledo metro supports stable leasing
- Strong renter-occupied share indicates depth of tenant demand
- 1976 vintage offers value-add and repositioning potential versus newer stock
- 3-mile radius projections indicate expansion of the renter pool, supporting absorption
- Risk: accessible ownership market may temper pricing power; emphasize upgrades and service to drive retention