| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 35th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3075 Tremainsville Rd, Toledo, OH, 43613, US |
| Region / Metro | Toledo |
| Year of Construction | 1978 |
| Units | 36 |
| Transaction Date | 2015-02-27 |
| Transaction Price | $1,790,000 |
| Buyer | TUDOR ARMS APARTMENTS LLC |
| Seller | AQUARIUS WEST LLC |
3075 Tremainsville Rd Toledo Multifamily Investment
Neighborhood occupancy is stable and slightly above national norms, and rents remain relatively accessible for workforce tenants, according to WDSuite’s CRE market data. This positioning supports retention potential while leaving room for operational improvements.
Located in Toledo’s Inner Suburb, the property benefits from a practical amenity mix for daily needs. Grocery access is a relative strength (ranked 12th among 244 metro neighborhoods and in the 93rd percentile nationally), while cafes, parks, and pharmacies are limited nearby. For investors, the concentration of essentials helps everyday convenience, but lifestyle amenities may be a differentiator for positioning and marketing.
The neighborhood 9s renter-occupied share is 36.7% (above the national percentile for renter concentration), indicating an owner-leaning area with a defined but more selective tenant base. This typically supports steadier tenancy when product is well-maintained and correctly priced, though leasing velocity can depend more on value and convenience than in dense renter cores.
Occupancy in the neighborhood sits around 92% and is in the 54th percentile nationally, suggesting demand resilience, though its metro rank (143 out of 244) places it below the Toledo median. Median contract rents in the vicinity remain moderate relative to incomes, which can support retention and measured rent growth rather than outsized pricing power.
Within a 3-mile radius, demographics indicate a broadly stable population with a slight contraction in recent years and an increase in household incomes. Projections point to an increase in households alongside smaller average household sizes, which can expand the renter pool and support occupancy stability. Median home values in this part of Lucas County are on the lower end for the region, which can create some competition from ownership options; investors may find that emphasizing convenience, professional management, and updated finishes improves leasing outcomes.
The asset 9s 1978 construction is newer than the neighborhood 9s average vintage (1959). That positioning can offer a competitive edge versus older stock, although investors should still underwrite modernization of systems and common areas to meet current renter expectations.
Safety metrics for the neighborhood are mixed. Overall crime sits around the metro 9s middle tier (ranked 146 out of 244 neighborhoods), which is roughly near the national middle as well. Notably, recent data shows a meaningful one-year decline in property offenses, a positive trend that may support resident retention and marketing narratives if sustained.
Violent offense levels benchmark below many neighborhoods nationally (around the lower national percentiles), so operators should plan for appropriate security measures and resident communications. The recent improvement trend in property crime is constructive, but underwriting should remain conservative and rely on ongoing monitoring of neighborhood-level data rather than block-level assumptions.
Proximity to established manufacturers and corporate offices supports a steady workforce renter base and commute convenience. Key nearby employers include Dana, Owens Corning, and Owens-Illinois.
- Dana Holding Corporation — corporate offices (4.3 miles)
- Owens Corning — building materials HQ (6.6 miles) — HQ
- Dana — corporate offices (11.1 miles)
- Owens-Illinois — packaging HQ (13.2 miles) — HQ
This 1978-vintage, 36-unit asset sits in an Inner Suburb with everyday retail coverage and a defined renter base. Occupancy trends are steady and slightly above national norms, while local rents remain moderate relative to incomes—favorable for retention and consistent collections. Based on CRE market data from WDSuite, the neighborhood 9s grocery access is strong compared with both the metro and national landscape, while parks and cafes are comparatively limited—an operational consideration for amenity strategy.
The vintage is newer than the neighborhood average, offering a relative edge against older stock; however, investors should plan for modernization to drive leasing velocity and resident experience. Nearby corporate employers add demand depth, while an owner-leaning tenure mix means product quality, management, and convenience are key to capturing and retaining residents. Risks include safety metrics that trail national leaders and some competition from entry-level ownership; underwriting should reflect prudent capital planning and conservative revenue assumptions.
- Steady neighborhood occupancy and moderate rents support retention and cash flow stability.
- 1978 construction is newer than local average, with value-add potential via modernization.
- Strong grocery access and proximity to major employers bolster day-to-day livability and demand.
- Balanced rent-to-income dynamics allow measured rent growth through upgrades and service quality.
- Risks: safety benchmarks below national leaders and competition from ownership options.