| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 41st | Fair |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3503 Hilltop Blvd, Toledo, OH, 43607, US |
| Region / Metro | Toledo |
| Year of Construction | 1981 |
| Units | 84 |
| Transaction Date | 2017-03-07 |
| Transaction Price | $1,344,300 |
| Buyer | HILLTOP VILLAGE LLC |
| Seller | HILLTOP VILLAGE LTD |
3503 Hilltop Blvd Toledo Multifamily Investment
Neighborhood occupancy sits near the national midpoint with a high share of renter-occupied units, supporting depth of tenant demand, according to WDSuite s CRE market data. This Inner Suburb location offers stable leasing dynamics with room for value-driven operations informed by careful commercial real estate analysis.
The property sits in Toledo s Inner Suburb context with a C neighborhood rating, where the surrounding area shows a renter-occupied share of housing units at a higher level than most neighborhoods nationally (91st percentile). For multifamily investors, that renter concentration indicates a deeper tenant base and supports day-to-day leasing and renewal activity at the neighborhood level rather than relying solely on in-migration.
Local livability signals are mixed. Restaurants are comparatively dense (around the 77th percentile nationally), while cafes, grocery, parks, and pharmacies are sparse in the immediate neighborhood footprint. For investors, this points to convenience concentrated in dining but thinner daily-needs retail nearby, which can influence marketing and resident retention tactics (e.g., highlighting on-site services or delivery access).
Neighborhood occupancy is modestly above the national median (58th percentile), suggesting generally steady rent rolls. Median contract rents in the neighborhood sit below many national peers (around the 30th percentile), which can aid leasing velocity and broaden the renter pool. School ratings in the neighborhood benchmark low, so positioning toward value- and convenience-seeking renters may be more effective than family-oriented school-driven demand.
Within a 3-mile radius, demographics show a slight population dip in recent years alongside an increase in household count, implying smaller average household sizes and a broader set of potential renters. Forward-looking projections point to population and household growth through 2028, which supports a larger tenant base and potential occupancy stability. Median home values are comparatively low for the neighborhood, which can introduce some competition from ownership options; however, it also reinforces the role of multifamily as a more accessible, flexible housing choice with retention managed through rent positioning and service quality.
Safety trends are mixed but improving. The neighborhood s overall crime rank sits slightly below the metro median (137 out of 244 Toledo neighborhoods), placing it in the less competitive half locally. Nationally, the neighborhood benchmarks below average for safety, yet recent year-over-year estimates indicate notable declines in both violent and property offenses, which signals positive momentum rather than a structural shift.
Violent offense estimates trend down sharply year over year (83rd percentile for improvement nationwide), and property offenses also show meaningful improvement (66th percentile for improvement nationwide). For investors, this suggests monitoring is warranted, but the directional trend may help leasing narratives if sustained. As always, safety conditions can vary within small areas; evaluating block-level patterns over time is recommended during diligence.
Nearby corporate offices anchor a diverse employment base that supports renter demand through commute convenience. Key nodes include Owens Corning, Dana, Dana Holding, and Owens-Illinois.
- Owens Corning building materials HQ (4.8 miles) HQ
- Dana auto parts/manufacturing offices (6.2 miles)
- Dana Holding auto parts/manufacturing HQ (6.3 miles) HQ
- Owens-Illinois packaging/glass HQ (8.0 miles) HQ
3503 Hilltop Blvd comprises 84 units averaging about 1,055 square feet, built in 1981 a relatively newer vintage versus the neighborhood s older housing stock. That positioning can be competitively favorable against mid-century product while still leaving room for targeted capital planning (systems, common areas, and curb appeal) to capture value-add upside. According to CRE market data from WDSuite, the surrounding neighborhood shows renter concentration above most U.S. areas and occupancy near the national midpoint, which together point to a durable tenant base with steady renewal potential.
At the neighborhood level, rents benchmark below many national peers, aiding lease-up and resident retention, while the 3-mile demographic view indicates household growth alongside smaller household sizes a setup that can expand the renter pool and support occupancy stability. Local amenities skew toward restaurants over daily-needs retail, and school ratings are comparatively weak, so an operational focus on value, convenience, and service can help sustain demand. Given comparatively low neighborhood home values, investors should also consider potential competition from ownership and emphasize experiential and flexibility benefits to maintain pricing power.
- 1981 vintage offers relative competitiveness versus older neighborhood stock with selective value-add potential
- Renter-occupied share is high, supporting a deeper multifamily tenant base and renewal stability
- Neighborhood rents sit below many national peers, aiding leasing velocity and retention
- 3-mile outlook points to household growth and a larger renter pool supporting occupancy
- Risks: amenity gaps (daily-needs retail), comparatively weak school ratings, and some competition from ownership options; safety trends improving but warrant monitoring