| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 55th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3401 W Alexis Rd, Toledo, OH, 43623, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 62 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3401 W Alexis Rd, Toledo OH Multifamily Investment
Neighborhood occupancy trends are resilient and pricing remains accessible for working households, according to WDSuite’s CRE market data, supporting stable renter demand relative to comparable inner-suburban Toledo locations.
Situated in Toledo’s inner suburbs, the area around 3401 W Alexis Rd shows balanced livability for workforce renters. Neighborhood occupancy is competitive among Toledo neighborhoods (244 tracked) and sits in the top quartile nationally, a constructive signal for lease stability. Restaurants are comparatively dense for the region (75th percentile nationally), while parks and pharmacy access are also strong (low‑80s national percentiles). Cafés and full-service groceries are thinner locally, so residents likely rely on a broader retail corridor for daily needs.
Rents in the neighborhood benchmark below national medians (contract rent sits around the 30th national percentile), and the rent-to-income ratio ranks in a stronger national position (about the 73rd percentile), which generally supports retention and measured pricing power rather than outsized rent growth. The local renter-occupied share is roughly one-quarter of housing, indicating a more owner-heavy neighborhood; for investors, that points to a defined but stable tenant base rather than deep, urban-style depth.
Within a 3-mile radius, demographics show a roughly stable population with modest decline, while households are projected to increase and average household size to drift lower. That mix typically expands the renter pool for smaller formats and can support occupancy stability even without strong population growth. Median household incomes have trended higher over the last five years, aligning with steady rent levels and reinforcing collections and retention dynamics in value-oriented units.
School quality in the neighborhood rates below the national midpoint, which can be a consideration for family-oriented leasing. However, the area’s amenity mix—especially restaurants, parks, and pharmacies—combined with inner-suburban access supports everyday livability and commuting convenience relative to the broader Toledo metro.
Safety conditions in this neighborhood track below the metro average among 244 Toledo neighborhoods, and national positioning is also below the midpoint. However, recent trend data shows year-over-year declines in both violent and property offense rates, indicating directional improvement. For investors, this suggests underwriting should reflect current conditions while acknowledging an improving trajectory rather than assuming rapid normalization.
Compared with neighborhoods nationwide, the area is not a top performer on safety today, yet improvement trends over the last year are a constructive signal. Asset-level measures—lighting, access control, and resident engagement—can help sustain leasing and retention alongside these broader trends.
Proximity to established corporate employers supports commute convenience and a steady renter base, led by manufacturing and building materials offices such as Dana and Owens Corning, plus regional headquarters activity from Owens‑Illinois.
- Dana Holding Corporation — corporate offices (4.7 miles)
- Owens Corning — building materials HQ (7.0 miles) — HQ
- Dana — corporate offices (11.1 miles)
- Owens-Illinois — glass & packaging HQ (13.4 miles) — HQ
This 62‑unit asset benefits from neighborhood occupancy that is competitive within the Toledo metro and in the top quartile nationally, paired with rent levels that are accessible for local incomes. That combination typically supports steady collections and lower turnover rather than volatility. The submarket’s amenity profile is anchored by restaurants, parks, and pharmacies, and nearby employers in manufacturing and materials add depth to the workforce renter base. Based on CRE market data from WDSuite, the renter-occupied share is modest, so demand is present but not unlimited; positioning around value and convenience is key.
Within a 3‑mile radius, population is roughly flat while households are expected to increase as average household size edges lower—conditions that can expand the renter pool and sustain occupancy. Ownership costs in the immediate neighborhood are comparatively accessible, which can introduce some competition with entry-level ownership; however, that same landscape tends to support value-oriented multifamily by anchoring rent-to-income levels and lease retention for residents prioritizing flexibility or lower upfront costs.
- Occupancy competitive in Toledo and top quartile nationally supports lease stability
- Accessible rents and favorable rent-to-income profile bolster collections and retention
- Workforce demand reinforced by proximity to Dana, Owens Corning, and Owens‑Illinois
- Household growth within 3 miles points to a larger renter pool despite flat population
- Risks: below-metro safety standing and accessible ownership options may temper rent growth