| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 51st | Good |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2740 Westmar Ct, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 2002 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2740 Westmar Ct, Toledo — 2002 Multifamily Investment
Neighborhood occupancy is competitive among Toledo neighborhoods, supporting stable leasing momentum according to WDSuite s CRE market data. Renter-occupied housing is material locally, indicating a reliable tenant base without overreliance on transient demand.
Located in Toledo s inner suburb fabric, the property benefits from a neighborhood rated A and ranked 25 out of 244 metro neighborhoods a strong position that typically supports consistent leasing and tenant retention. The 2002 construction is newer than the neighborhood s average 1979 vintage, which can provide a competitive edge versus older stock while still warranting periodic system updates or common-area refreshes in capital plans.
Amenities are a relative strength. Caf s, pharmacies, groceries, and restaurants register above national midpoints (caf s and pharmacies notably so), which helps day-to-day convenience and reinforces location fundamentals for renters. Park access is limited in the immediate neighborhood, so investors should not rely on green space as a draw and may consider onsite amenities to offset this.
Measured at the neighborhood level, occupancy trends are solid and competitive among Toledo neighborhoods, aligning with investor interest in stability. The local renter concentration (share of renter-occupied housing units) is meaningful, pointing to depth in the tenant base and supporting ongoing multifamily demand.
Within a 3-mile radius, households have grown recently even as population was roughly flat, indicating smaller household sizes and a gradual expansion of the renter pool. Forward-looking estimates point to increases in both households and population over the next five years, which would support absorption and occupancy if realized. Median home values in the neighborhood track below national norms, which can introduce some competition from entry-level ownership; however, rent-to-income levels remain manageable, suggesting room for steady leasing with thoughtful pricing and renewal strategies.
Safety indicators compare favorably at the national level, with the neighborhood registering safer than many areas nationwide. Recent estimates also show notable year-over-year declines in both property and violent incidents, which is a constructive trend for resident retention and leasing. As always, investors should evaluate block-level patterns during diligence, but the directional data is supportive.
Nearby corporate offices provide a diversified employment base that supports renter demand through short commutes and job stability. Notable employers include Owens Corning, multiple Dana corporate offices, and Owens-Illinois.
- Owens Corning corporate offices (7.3 miles) HQ
- Dana Holding Corporation corporate offices (7.3 miles)
- Dana corporate offices (7.3 miles)
- Dana Holding corporate offices (7.3 miles) HQ
- Owens-Illinois corporate offices (10.0 miles) HQ
2740 Westmar Ct is a 22-unit property built in 2002, positioning it newer than the neighborhood s 1970s-era average a relative advantage versus older comparables, while still warranting routine modernization in future capital plans. Neighborhood occupancy is competitive among Toledo neighborhoods and, according to CRE market data from WDSuite, local renter concentration supports a durable tenant base. Amenity access (caf s, groceries, pharmacies, restaurants) is a locational positive, while limited park access suggests onsite features can further differentiate.
Within a 3-mile radius, households have trended upward and are projected to increase alongside population over the next five years, indicating a larger tenant base and support for occupancy stability. Neighborhood home values are lower relative to national norms, which can introduce ownership competition; however, rent-to-income levels remain manageable, reinforcing steady leasing and renewal potential with disciplined pricing.
- Newer 2002 vintage versus local 1970s average competitive positioning with modest update needs
- Competitive neighborhood occupancy and meaningful renter concentration support stabilized operations
- Amenity-rich area (food, pharmacy, grocery) underpins daily convenience and leasing
- 3-mile household and population growth outlook points to a larger tenant base
- Risk: lower local home values can compete with rentals; limited parks may require stronger onsite amenities