| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 51st | Good |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2521 N Holland Sylvania Rd, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1993 |
| Units | 52 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2521 N Holland Sylvania Rd, Toledo Multifamily
Neighborhood fundamentals suggest steady renter demand and above-median occupancy for the area, according to WDSuite’s CRE market data. For investors, the focus is on stable tenancy drivers with measured upside rather than aggressive lease-up plays.
This Inner Suburb location ranks 25 out of 244 Toledo neighborhoods, positioning it as competitive among Toledo neighborhoods for overall livability and investment drivers. Area occupancy is 96.1% (neighborhood-level, not property-specific), signaling durable leasing conditions relative to many Midwest submarkets based on CRE market data from WDSuite.
Access to daily conveniences is a strength: neighborhood amenities, cafés, childcare, and pharmacies benchmark above national averages, supporting resident retention and day-to-day appeal. Park access is limited, which may reduce appeal for recreation-oriented tenants but can be offset by proximity to services and employment nodes.
Vintage context matters. With a neighborhood average construction year near 1979, a 1993-built asset should compare favorably to older stock, offering competitive positioning while still warranting targeted capital planning for aging systems or selective modernization to meet current renter expectations.
Tenure patterns indicate roughly one-third of housing units are renter-occupied at both the neighborhood level and within the 3-mile radius, suggesting a meaningful tenant base without overexposure. Within a 3-mile radius, recent population and household growth, alongside rising household incomes, point to a gradually expanding renter pool and support for occupancy stability. Median home values in the area are comparatively modest for the region, which can introduce some competition from ownership; however, rent-to-income levels near the area median imply manageable affordability pressure and support for lease retention when managed proactively.
Safety trends are mixed but improving. Within the Toledo metro, the neighborhood’s crime rank (57 out of 244) points to higher local exposure than many peer areas. Nationally, composite indicators place the neighborhood around the upper half for safety, and both property and violent offense estimates have declined sharply year over year, which is a favorable directional signal for investor risk assessment. As always, investors should evaluate property-specific security measures and recent trend lines in the immediate surroundings.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience, including Dana, Owens Corning, Dana Holding Corporation, and Owens-Illinois. These employers underpin leasing stability for workforce and professional tenants in this submarket.
- Dana — corporate offices (6.9 miles)
- Dana Holding — corporate offices (6.9 miles) — HQ
- Owens Corning — corporate offices (7.9 miles) — HQ
- Dana Holding Corporation — corporate offices (8.1 miles)
- Owens-Illinois — corporate offices (9.8 miles) — HQ
2521 N Holland Sylvania Rd is a 52-unit, 1993-vintage multifamily property positioned in a Toledo neighborhood that performs above the metro median on overall livability and maintains a strong neighborhood occupancy profile. The asset’s newer-than-area-average vintage should compare well to older local stock, with scope for targeted upgrades to enhance competitiveness. Neighborhood renter concentration near one-third supports depth of demand, while 3-mile demographic trends point to a modestly expanding tenant base and income growth that can sustain leasing and reduce turnover risk.
According to CRE market data from WDSuite, neighborhood-level occupancy is elevated and amenity access outperforms national baselines, aiding retention. Ownership costs in the area remain comparatively accessible, which can introduce competition with for-sale options; disciplined rent setting, resident experience, and selective value-add can mitigate that risk. Continued improvements in reported offense rates and proximity to multiple corporate anchors further support a stable, long-term hold thesis.
- 1993 vintage vs. older area stock supports competitive positioning with targeted modernization upside
- Neighborhood occupancy at 96.1% (area metric) supports leasing stability and retention
- One-third renter-occupied housing and 3-mile household growth indicate a durable tenant base
- Strong amenity access and proximity to major employers underpin day-to-day livability and demand
- Risks: comparatively accessible ownership market and mixed but improving safety trends warrant active asset and lease management