| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 68th | Best |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3433 Oak Alley Ct, Toledo, OH, 43606, US |
| Region / Metro | Toledo |
| Year of Construction | 1987 |
| Units | 43 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3433 Oak Alley Ct Toledo Multifamily Investment
Positioned for steady renter demand supported by strong grocery and restaurant access in the surrounding neighborhood, according to WDSuite’s CRE market data. A relatively low rent-to-income profile in the area favors retention and disciplined pricing over time.
The property sits in an Inner Suburb location within the Toledo metro that rates A- overall and ranks 48 out of 244 neighborhoods — a top quartile position among metro peers. Daily-needs access is a relative strength: neighborhood grocery availability ranks 23 of 244 (87th percentile nationally) and restaurant density ranks 25 of 244 (83rd percentile nationally). Café and park counts are thin, so lifestyle offerings skew toward practical convenience rather than leisure-oriented options.
Neighborhood home values sit below national medians, and the area’s rent-to-income ratio trends near the middle of U.S. neighborhoods. For investors, this combination points to manageable affordability pressure that can support lease retention, while recognizing that a more accessible ownership market may create competition with entry-level rentals.
Renter-occupied housing comprises roughly one-third of neighborhood units (renter concentration rank places it in the upper half nationally), indicating a meaningful but not dominant tenant base for multifamily. Reported neighborhood occupancy is below the metro median (rank 202 of 244; 25th percentile nationally), so underwriting should emphasize leasing execution and resident retention.
Demographic statistics aggregated within a 3-mile radius show modest contraction in population and households in recent years, but forecasts point to population growth alongside a notable increase in household counts and smaller average household sizes. That mix typically expands the renter pool and supports occupancy stability for well-positioned properties.
Construction vintage in the neighborhood averages 1982. With a 1987 build, the asset is somewhat newer than local stock, which can be competitive versus older properties while still warranting capital planning for aging systems and selective modernization to capture value-add upside.
Safety indicators for the neighborhood trend weaker than the metro average. The area’s crime rank is 228 out of 244 Toledo neighborhoods, placing it in a lower national percentile for safety. This suggests investors should budget for security-conscious operations and resident engagement to support retention.
Recent movement is mixed: property offenses show a year-over-year decline, while estimated violent offenses have increased over the same period. These dynamics underscore the importance of on-site management, lighting, access control, and community partnerships to mitigate risk relative to regional peers.
Nearby corporate anchors provide a diverse employment base that supports workforce renter demand, led by auto components and building materials headquarters within a short drive. Specifically, Dana, Owens Corning, Dana Holding, and Owens-Illinois are the most relevant nearby employers.
- Dana Holding Corporation — auto components (5.0 miles)
- Owens Corning — building materials (5.5 miles) — HQ
- Dana — auto components (8.6 miles)
- Dana Holding — auto components (8.6 miles) — HQ
- Owens-Illinois — glass & packaging (10.8 miles) — HQ
This 43-unit, 1987-vintage asset benefits from strong daily-needs access and a renter base supported by balanced affordability. The property’s slightly newer vintage than the neighborhood average can offer a competitive edge versus older stock, while selective system updates and common-area improvements present practical value-add paths. Based on commercial real estate analysis from WDSuite, neighborhood occupancy trails metro norms, so execution should focus on renewal management and leasing velocity rather than outsized rent growth assumptions.
Within a 3-mile radius, projections indicate population growth, a significant increase in household counts, and smaller average household sizes — dynamics that typically expand the tenant base and support long-run occupancy for appropriately positioned multifamily. Relative home values and a moderate rent-to-income profile suggest room for disciplined pricing while monitoring competition from ownership options.
- Daily-needs convenience (groceries, pharmacies, restaurants) supports leasing and retention
- 1987 construction provides competitive positioning with targeted value-add potential
- 3-mile forecasts point to renter pool expansion via household growth and smaller household sizes
- Balanced affordability profile supports pricing discipline and renewal strategy
- Risks: neighborhood safety ranks below metro norms and occupancy lags; prioritize security measures and leasing execution