| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 54th | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3351 W Laskey Rd, Toledo, OH, 43623, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 24 |
| Transaction Date | 2005-07-28 |
| Transaction Price | $1,075,000 |
| Buyer | SHIV REAL ESTATE LLC |
| Seller | 3351 LASKEY LLC |
3351 W Laskey Rd Toledo Multifamily Opportunity
Inner-suburban Toledo location with dense retail and services supports renter demand, according to WDSuite’s CRE market data, with neighborhood occupancy trending around the national median and strong amenity access aiding leasing stability.
This Inner Suburb neighborhood rates A and ranks 34 out of 244 in the Toledo metro, placing it in the top quartile among metro neighborhoods. Amenity access is a core strength: restaurants, cafes, and pharmacies are among the most concentrated in the metro and competitive nationally, while grocery access is solid for day‑to‑day needs. Park access is limited, which may temper some lifestyle appeal but does not diminish the convenience-driven draw for renters.
Neighborhood occupancy is 91.8%, a touch above the national median, and the renter-occupied share of housing units is high (62.7%). For investors, that renter concentration indicates a deeper tenant base and potential for steadier leasing, particularly for workforce-oriented product. Median contract rents in the neighborhood trend on the lower side relative to national levels, supporting affordability-sensitive demand and aiding retention risk management.
Within a 3-mile radius, population dipped modestly in recent years but is projected to grow through 2028, with households expected to increase and average household size trending smaller. That pattern typically expands the renter pool and supports occupancy stability. The local homeownership market skews more accessible on price than many U.S. areas, yet the neighborhood’s higher value-to-income ratio relative to its metro peers suggests ownership costs can still reinforce reliance on multifamily, supporting tenant retention and pricing discipline.
The neighborhood’s average construction vintage is close to metro norms, implying competitive positioning against similar-era stock. Childcare options are sparse locally, and school quality data are not available in this dataset, so underwriting should focus on the submarket’s convenience, renter depth, and amenity density rather than family-oriented drivers.
Safety trends are mixed: the neighborhood sits below the national median for safety and ranks 171 out of 244 Toledo neighborhoods, which places it below the metro median. That said, recent year-over-year estimates show meaningful declines in both property and violent offenses, according to WDSuite’s CRE market data, signaling improving momentum even if levels remain elevated versus national norms.
Nearby corporate offices provide a steady employment base that supports renter demand and commute convenience, including Dana, Owens Corning, Dana Holding, and Owens-Illinois.
- Dana Holding Corporation — corporate offices (4.6 miles)
- Owens Corning — corporate offices (6.3 miles) — HQ
- Dana — corporate offices (10.2 miles)
- Dana Holding — corporate offices (10.2 miles) — HQ
- Owens-Illinois — corporate offices (12.3 miles) — HQ
This 24-unit asset sits in a top-quartile Toledo neighborhood with dense retail and services, high renter concentration, and occupancy that tracks slightly above national medians. The combination of convenience-driven amenities and a sizable renter-occupied housing base supports depth of tenant demand and lease retention, while relatively modest neighborhood rent levels can aid leasing velocity and stabilize revenue through cycles, according to CRE market data from WDSuite.
Forward-looking demographics within a 3-mile radius point to household growth and smaller household sizes by 2028, which typically expands the renter pool and supports occupancy stability. While local parks are limited and reported crime sits above national medians, recent declines in offense rates and the area’s employment access provide counterbalances that investors can incorporate into risk-adjusted underwriting.
- Top-quartile metro location with strong amenity density supporting year-round leasing.
- High share of renter-occupied housing units indicates a deep, durable tenant base.
- Neighborhood rents below national norms support leasing velocity and retention.
- Risk: Crime levels remain above national medians and park access is limited; underwriting should reflect enhanced operating controls and amenity-light positioning.