| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 55th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3729 W Alexis Rd, Toledo, OH, 43623, US |
| Region / Metro | Toledo |
| Year of Construction | 1975 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3729 W Alexis Rd, Toledo OH Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by approachable rents, according to WDSuite’s CRE market data. The asset’s suburban positioning offers stability with room for disciplined operations.
This Inner Suburb location ranks in the top quartile among 244 Toledo neighborhoods (A- rating), suggesting balanced fundamentals that can support multifamily operations. Neighborhood occupancy is 95.3% and sits above the metro median, a constructive backdrop for lease-up and retention.
Livability is anchored by everyday services rather than boutique retail: parks and pharmacies test well versus national peers, while restaurants are accessible; grocery and cafe density is thinner. Average school ratings in the area trend below national norms, which can influence renter profiles toward workforce and value-oriented households.
Rents in the neighborhood benchmark on the lower side compared with U.S. neighborhoods, and the rent-to-income relationship indicates limited affordability pressure, which can aid lease stability. Median home values are also comparatively low, creating a more accessible ownership market; for investors, that can temper pricing power and requires attention to value proposition and tenant experience to mitigate competition from for-sale alternatives.
Within a 3-mile radius, demographics show a broadly stable population with smaller household sizes projected over the next five years and an increase in total households. This points to a resilient tenant base, though renter concentration is moderate in both the immediate neighborhood and 3-mile area, implying steady but not deep multifamily demand compared with renter-heavy submarkets. These dynamics, based on commercial real estate analysis from WDSuite, support a consistent operating thesis with measured growth expectations.
Relative to the Toledo metro, the neighborhood’s crime rank places it below the metro median (153 out of 244 neighborhoods), and its national safety standing is around the mid-to-lower range (approximately the 45th percentile nationwide). Investors should underwrite with conservative assumptions on security and common area management.
Recent trends are constructive: both property and violent offense estimates have declined year over year (double-digit reductions), indicating momentum toward improvement. While this is encouraging, safety remains a watch item to be balanced with proactive on-site measures and tenant screening.
Nearby employers include manufacturing and materials headquarters and corporate offices that support a stable regional workforce and manageable commute times for renters: Dana Holding Corporation, Owens Corning, Dana, Dana Holding, and Owens-Illinois.
- Dana Holding Corporation — corporate offices (5.2 miles)
- Owens Corning — building materials HQ (7.3 miles) — HQ
- Dana — corporate offices (10.9 miles)
- Dana Holding — corporate offices (10.9 miles) — HQ
- Owens-Illinois — glass packaging HQ (13.3 miles) — HQ
The 34-unit property benefits from an above-metro neighborhood occupancy backdrop and rents that position toward the value end of the spectrum, aiding retention and cash flow consistency. According to CRE market data from WDSuite, the area’s renter concentration is moderate, suggesting steady demand from a workforce tenant base rather than deep, transient turnover.
Local ownership costs are comparatively accessible, which can cap near-term pricing power; however, approachable rents and smaller average unit sizes support competitiveness versus entry-level ownership. Demographic patterns within a 3-mile radius point to stable population and a projected rise in households with smaller sizes, which can sustain the renter pool and support occupancy over the medium term. Underwriting should account for moderate school ratings and safety monitoring, paired with operational focus on resident experience.
- Above-metro neighborhood occupancy supports stable leasing and renewals
- Value-oriented rents and smaller average unit sizes enhance competitiveness and retention
- Diverse regional employers within 15 miles underpin a consistent workforce renter base
- 3-mile household growth with smaller household sizes supports a resilient tenant base
- Risks: relatively low school ratings, safety below metro median, and competition from accessible ownership