| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 50th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3250 Schneider Rd, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1982 |
| Units | 94 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3250 Schneider Rd Toledo Multifamily Investment Thesis
Neighborhood occupancy is strong and renter demand appears durable in this inner-suburban pocket of Toledo, according to WDSuite’s CRE market data, supporting stable operations for a 94-unit asset.
Located in an Inner Suburb neighborhood rated A within the Toledo metro (ranked 16 of 244), the area shows above-median fundamentals for investors. Neighborhood occupancy is about 95% (neighborhood metric), indicating steady leasing conditions relative to many Toledo submarkets and supportive of income stability.
Daily needs are well covered: restaurants and groceries are dense for the metro (both ranked within the top tier locally and high nationally), while cafes are also plentiful. Park access and childcare options are limited, which may modestly temper family-oriented appeal but does not detract from workforce convenience. School ratings are not available in this dataset.
The property’s 1982 vintage is slightly newer than the neighborhood’s average construction year of 1975. That positioning can help competitiveness versus older nearby stock, while still leaving room for targeted value-add or systems modernization planning typical for 1980s assets.
Tenure patterns point to a deep renter base: the neighborhood’s share of renter-occupied housing units is high, which generally supports multifamily demand depth and leasing velocity. Median contract rents in the neighborhood are on the lower side locally, suggesting a value-oriented renter pool; this can aid retention but may limit near-term pricing power absent renovations or amenity upgrades, based on commercial real estate analysis from WDSuite.
Demographics aggregated within a 3-mile radius show a small population decline in recent years but a projected expansion ahead: population is forecast to grow by roughly 12% and households by about 39% by 2028, with average household size trending smaller. For investors, a larger household count and smaller household sizes typically translate to a broader tenant base and support for occupancy even as unit mix preferences evolve.
Safety indicators for the neighborhood are below metro average, with crime ranked 204 out of 244 Toledo neighborhoods. Compared with neighborhoods nationwide, safety percentiles indicate higher-than-average incident rates. Investors should underwrite with prudent security and property management assumptions.
Recent trend signals are constructive: estimated violent offenses declined about 31% year over year and property offenses fell roughly 19% (neighborhood-level measures). While these improvements are encouraging, we recommend monitoring multi-year trends and aligning operating budgets accordingly.
Proximity to established corporate employers helps anchor local renter demand, particularly among workforce renters seeking short commutes. Nearby employers include Dana, Dana Holding, Owens Corning, Owens-Illinois, and Dana Holding Corporation.
- Dana — corporate offices (4.7 miles)
- Dana Holding — corporate offices (4.7 miles) — HQ
- Owens Corning — corporate offices (5.2 miles) — HQ
- Owens-Illinois — corporate offices (5.8 miles) — HQ
- Dana Holding Corporation — corporate offices (8.0 miles)
3250 Schneider Rd offers exposure to an A-rated Inner Suburb neighborhood with solid neighborhood occupancy (about 95%) and a high share of renter-occupied housing units, signaling depth in the tenant base. Amenity density is favorable for daily needs, and the property’s 1982 vintage is slightly newer than the local average, providing a platform for selective value-add to drive rent premiums while maintaining affordability positioning.
Looking forward, 3-mile demographics point to a larger renter pool: households are projected to grow materially by 2028, with smaller household sizes that typically support multifamily absorption. According to CRE market data from WDSuite, neighborhood rents skew value-oriented, implying steady demand with measured pricing power; operators may lean on operational execution and targeted upgrades rather than outsized rent growth.
- A-rated Inner Suburb with steady neighborhood occupancy supporting income stability
- 1982 vintage offers clear value-add and systems modernization pathways
- High renter-occupied share indicates deep tenant base and leasing velocity potential
- 3-mile household growth and smaller household sizes support demand resilience
- Risks: below-metro-average safety metrics; limited parks/childcare; value-oriented rents may constrain near-term pricing power