| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 36th | Poor |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2650 Christie St, Toledo, OH, 43606, US |
| Region / Metro | Toledo |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | 2001-02-26 |
| Transaction Price | $1,175,000 |
| Buyer | J B ENTERPRISES LTD |
| Seller | DARCANGELO MICHAEL J |
2650 Christie St Toledo Multifamily Investment
Renter demand is supported by a high share of renter-occupied housing in the surrounding neighborhood and access to daily amenities, according to WDSuite’s CRE market data. The asset’s 1977 vintage suggests competitive positioning versus older local stock with potential for targeted upgrades.
Located in Toledo’s inner-suburb fabric, the neighborhood rates B+ (ranked 71 among 244 metro neighborhoods), indicating competitive livability within the metro. Grocery, park, and pharmacy access stand out relative to many Toledo submarkets, helping day-to-day convenience for residents and supporting leasing stability.
Neighborhood fundamentals show a deep renter base: an estimated 82.2% of housing units are renter-occupied (ranked 3 of 244), which signals substantial depth for multifamily leasing. Overall housing occupancy in the neighborhood is measured at 89.3% — a level that has edged higher over the last five years — supporting steady operations, with the caveat that property-specific performance can vary.
Amenity access trends are mixed but serviceable for workforce renters. Restaurants score strongly (competitive nationally), while parks and pharmacies perform in higher national percentiles; cafes and childcare are thinner locally. Average school ratings hover around mid-to-above national norms, providing a neutral-to-supportive backdrop for family renters.
Within a 3-mile radius, demographics point to a stable to improving tenant base. Recent years showed modest population softness, but projections indicate population and household growth by 2028, implying a larger renter pool and supporting occupancy durability. Median home values are comparatively accessible for ownership in a regional context, which can introduce some competition from for-sale options; however, multifamily often remains the more flexible choice for many households, underpinning retention. The property’s 1977 vintage is newer than the neighborhood’s average construction year (1953), suggesting a relatively competitive position versus older stock, while still warranting ongoing system updates or value-add improvements as part of long-term capital planning.
Safety indicators are mixed relative to the metro and nation. The neighborhood’s crime profile ranks 202 out of 244 metro neighborhoods, placing it below the metro median. Nationally benchmarked estimates suggest safety levels below national medians; however, recent trend data shows improvement, with both property and violent offense rates moving lower year over year.
For investors, the takeaway is twofold: current conditions may require attentive on-site management and resident experience investments, while the downward trend provides some evidence of improving conditions that could support leasing stability if sustained. As always, crime patterns vary by block and over time; underwriting should account for property-level security measures and local partnerships.
The area benefits from proximity to established corporate employers that broaden the renter base and support commute convenience for workforce tenants. The anchors below reflect nearby corporate offices and headquarters relevant to multifamily demand.
- Owens Corning — building materials HQ (4.2 miles) — HQ
- Dana Holding Corporation — auto parts corporate offices (4.2 miles)
- Owens-Illinois — glass packaging HQ (10.3 miles) — HQ
- Marathon Petroleum — energy HQ (44.0 miles) — HQ
This 48-unit asset built in 1977 is positioned in a renter-heavy neighborhood where occupancy has trended upward and a high share of housing units are renter-occupied — conditions that typically support a stable tenant base. The vintage is newer than the area’s average housing stock, offering competitive positioning versus older properties while leaving room for targeted value-add and system modernization to drive yields over time. According to CRE market data from WDSuite, access to daily needs (grocery, parks, pharmacies) is comparatively strong, which can aid retention and reduce leasing friction.
Within a 3-mile radius, recent softness gives way to projected growth in population and households by 2028, signaling potential renter pool expansion. Neighborhood rent levels and rent-to-income dynamics suggest manageable affordability pressures for many residents, though lease management and renewal strategies should remain disciplined. Together, these fundamentals point to stable operations with upside through selective renovations and hands-on management, balanced by attention to local safety trends and income sensitivity.
- Renter-heavy neighborhood with supportive occupancy trends and depth of tenant base
- 1977 vintage offers competitive position versus older stock and value-add potential
- Strong access to daily amenities supports retention and leasing stability
- 3-mile radius projections point to expanding renter pool through 2028
- Risks: below-median safety rankings and income sensitivity require active management