| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 44th | Fair |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 336 14th St, Toledo, OH, 43604, US |
| Region / Metro | Toledo |
| Year of Construction | 2001 |
| Units | 55 |
| Transaction Date | 2024-12-06 |
| Transaction Price | $2,000,000 |
| Buyer | UPTOWN ARTS APARTMENTS LLC |
| Seller | TORREY HILL APARTMENTS LLC |
336 14th St, Toledo OH — 55-Unit Multifamily Opportunity
Neighborhood-level renter concentration and steady occupancy provide a broad tenant base, according to WDSuite s CRE market data, supporting durable leasing near Downtown Toledo. This commercial real estate analysis highlights a 2001 build positioned competitively versus older nearby stock.
The property sits in an Inner Suburb setting near Downtown Toledo with a neighborhood rating of A- and a rank of 44 among 244 metro neighborhoods, indicating performance competitive among Toledo neighborhoods. Restaurants, cafes, grocery, and pharmacies are dense for the metro and test high nationally (restaurants and childcare each in the upper percentiles), which helps day-to-day livability for renters and supports leasing velocity.
Vintage matters locally: with the average neighborhood construction year around 1926, a 2001 asset offers relative competitiveness versus much older stock. That typically translates to fewer immediate capital items and stronger appeal to renters seeking more modern systems and layouts, while still budgeting for normal mid-life replacements.
Renter-occupied housing is elevated at the neighborhood level (high renter concentration), which points to a deep tenant pool and demand resilience for multifamily. Neighborhood occupancy is stable and has trended modestly upward, helping underpin income consistency; median asking rents remain accessible for the metro yet have posted meaningful five-year growth, according to CRE market data from WDSuite. Within a 3-mile radius, demographics show households holding roughly steady recently with a forecasted increase in both households and population over the next five years, implying a larger tenant base and support for occupancy stability.
Affordability remains a practical lever: the neighborhood s rent-to-income profile sits in a range that suggests manageable affordability pressure, which can aid retention. School ratings in the immediate area trend low, which may skew demand toward singles and roommate households rather than school-driven family moves. Park access is limited in this neighborhood; however, proximity to employment nodes and daily services helps offset some of that amenity gap for many renter cohorts.
Relative to the Toledo metro, this neighborhood sits on the higher-crime side of the spectrum (closer to the bottom of the 244-neighborhood ranking), placing it below metro averages for safety and in lower national percentiles. For investors, that typically means paying closer attention to security measures, lighting, and property operations.
Recent trendlines show improvement: violent incidents and property offenses have each declined year over year in the neighborhood, with double-digit reductions reported in WDSuite s CRE market data. While conditions remain more challenging than metro norms, these declines are a constructive sign that risk management and tenant-screening practices can materially influence outcomes.
Nearby corporate offices anchor a broad employment base that supports renter demand and commute convenience for residents. Key employers in close proximity include Owens Corning, Dana (multiple offices), and Owens-Illinois.
- Owens Corning corporate offices (0.8 miles) HQ
- Dana Holding Corporation corporate offices (3.5 miles)
- Dana corporate offices (9.9 miles)
- Dana Holding corporate offices (9.9 miles) HQ
- Owens-Illinois corporate offices (10.4 miles) HQ
Constructed in 2001 with 55 units averaging roughly 1,168 square feet, 336 14th St offers a scale and vintage advantage over much of the neighborhood s pre-war housing stock. High renter concentration at the neighborhood level and steady occupancy trends point to a durable tenant base, while dense everyday amenities and proximity to major employers underpin leasing and retention.
According to CRE market data from WDSuite, local rents remain relatively accessible for the metro and have advanced over the past five years, supporting income growth without overextending affordability. Forward-looking 3-mile demographic projections indicate growth in households and population, suggesting renter pool expansion that can sustain occupancy and pricing power over a longer hold. Key risks include below-metro safety benchmarks, limited park access, and lower school ratings, which should be addressed through operations, security enhancements, and targeted marketing to the most likely renter cohorts.
- 2001 vintage and larger average layouts provide competitive positioning versus older neighborhood stock
- High renter concentration and stable neighborhood occupancy support leasing durability
- Dense amenity base and proximity to anchor employers bolster demand and retention
- Forward 3-mile projections show household and population growth, expanding the tenant base
- Risks: below-metro safety, limited parks, and lower school ratings require focused operations and tenant strategy