| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Fair |
| Demographics | 60th | Good |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3070 Carskaddon Ave, Toledo, OH, 43606, US |
| Region / Metro | Toledo |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3070 Carskaddon Ave Toledo 48-Unit Multifamily Investment
Renter demand is supported by a high renter-occupied share at the neighborhood level and strong daily-needs amenities, according to WDSuite’s CRE market data. Occupancy in the neighborhood has hovered near the metro midpoint, suggesting stable but competitive leasing dynamics.
This Inner Suburb neighborhood carries an A rating and ranks 37 out of 244 within the Toledo metro, placing it in the top quartile locally. Amenity access is a clear strength: grocery, restaurants, pharmacies, and cafes rank competitively among Toledo neighborhoods, indicating walkable daily needs and lifestyle convenience that can aid resident retention.
Neighborhood occupancy is around 91% (neighborhood-level), pointing to generally steady leasing, though not at the top of the metro. The renter-occupied share is elevated (top quartile among 244 metro neighborhoods), which signals a deeper tenant base for multifamily operators and supports ongoing demand for units. Median contract rent in the neighborhood sits near the middle of national comparisons, which can help balance pricing power with retention.
Within a 3-mile radius, demographics show modest population movement historically but an outlook that points to household growth ahead, which would expand the local renter pool. Household sizes are expected to edge lower, which can increase demand for well-laid-out apartments and flexible floor plans. Median household incomes in the 3-mile radius have risen over time, further supporting the ability to sustain rent levels as lease management strategies evolve.
Schools in the neighborhood test above national averages (average rating near 3 out of 5 and above the metro median by rank), adding to family-friendly appeal. Two watch items: parks and formal childcare options rank low locally, which may matter for certain resident segments; and comparatively low home values in this area mean ownership can be more accessible, potentially creating competition with renting. For multifamily investors, that mix argues for emphasizing convenience, unit quality, and service to support lease retention.
Safety conditions should be evaluated with a comparative lens. At the metro level, this neighborhood’s crime rank sits in the lower tier (ranked 180 out of 244), meaning it performs below the metro average on safety. Nationally, it places in lower percentiles as well.
That said, recent trend data from WDSuite indicates meaningful year-over-year improvement, with both violent and property offenses declining at rates that are strong relative to national improvement percentiles. For investors, this trend is constructive, but underwriting should still reflect conservative assumptions around security measures and operating practices.
Nearby corporate offices underpin a diverse employment base that supports renter demand and commute convenience. Key nodes include Dana’s area offices, Owens Corning, and Owens-Illinois, which together provide durable white-collar and industrial employment within a commutable radius.
- Dana Holding Corporation — corporate offices (4.4 miles)
- Owens Corning — corporate offices (5.1 miles) — HQ
- Dana — corporate offices (9.0 miles)
- Dana Holding — corporate offices (9.0 miles) — HQ
- Owens-Illinois — corporate offices (10.9 miles) — HQ
Built in 1972, the property’s vintage suggests potential value-add through targeted interior updates and ongoing capital planning for aging systems. At the neighborhood level, elevated renter concentration and competitive amenity density support a broad tenant base, while occupancy near the metro midpoint indicates stable but disciplined leasing. According to commercial real estate analysis from WDSuite, local rents sit near national midpoints and rent-to-income ratios are moderate, which can support retention-focused strategies without overreliance on aggressive pricing.
Within a 3-mile radius, forecasts point to rising household counts and slightly smaller household sizes, expanding the pool of renters seeking professionally managed housing. Proximity to established employers adds commute convenience that can aid leasing velocity. Counterbalancing factors include below-metro safety rankings and comparatively accessible homeownership costs, both of which warrant conservative underwriting and a focus on resident experience.
- 1972 vintage offers value-add and system modernization potential
- Elevated renter-occupied share and amenity density support a deep tenant base
- Household growth and smaller household sizes (3-mile radius) expand renter demand
- Near key corporate offices, aiding retention and leasing stability
- Risks: below-metro safety ranking and accessible ownership options require disciplined operations