| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Good |
| Demographics | 51st | Good |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4090 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1987 |
| Units | 77 |
| Transaction Date | 2007-05-24 |
| Transaction Price | $5,300,000 |
| Buyer | OAKWOOD APARTMENT INVESTORS LLC |
| Seller | OAKWOOD ASSOCIATES OF OHIO LP |
4090 Dorr St Toledo 77-Unit Multifamily Investment
Neighborhood occupancy is 96.6% (measured for the neighborhood, not the property), pointing to stable rent rolls in a suburban Toledo location, according to WDSuite’s CRE market data.
Situated in suburban Toledo, the property benefits from a neighborhood rated B and ranked 107 out of 244 across the metro, indicating competitive positioning among Toledo neighborhoods. Neighborhood occupancy is strong at 96.6% (rank 61 of 244; top quartile nationally), supporting steady leasing and renewal prospects for multifamily assets.
Retail and daily-needs access leans toward essentials rather than lifestyle amenities. Grocery access is comparatively strong (81st percentile nationally), while cafes, restaurants, parks, and pharmacies are sparse in the immediate area. For investors, this typically supports workforce demand and convenience-driven tenancy, though limited entertainment options may temper lifestyle appeal.
At the neighborhood level, the renter-occupied share is about 27%, suggesting a smaller but dependable renter base; within a 3-mile radius, renters account for roughly 42% of housing units, providing additional depth to the tenant pool. Median contract rent in the neighborhood sits near the national middle (53rd percentile), and the rent-to-income ratio of approximately 0.18 indicates manageable affordability pressure, which can aid lease retention.
The asset’s 1987 construction is newer than the neighborhood’s average vintage (1960). That positioning can enhance competitiveness versus older stock and may reduce near-term capital intensity, while still warranting targeted modernization or system upgrades to drive rents and retention.
Safety indicators are mixed but trending constructively in some areas. Overall, the neighborhood sits around the metro middle (crime rank 112 of 244) and modestly above the national midpoint (54th percentile safer than neighborhoods nationwide). Property offenses have declined sharply year over year (improvement in the 89th national percentile), while violent offense levels are weaker (around the 26th national percentile), warranting routine risk management and resident safety communication.
Nearby corporate offices such as Dana Holding, Owens Corning, Owens-Illinois, Marathon Petroleum, and Thermo Fisher Scientific help support a stable employment base and commuter demand that can reinforce leasing and retention.
- Dana Holding — corporate offices (6.2 miles) — HQ
- Owens Corning — corporate offices (6.5 miles) — HQ
- Owens-Illinois — corporate offices (8.7 miles) — HQ
- Marathon Petroleum — corporate offices (42.7 miles) — HQ
- Thermo Fisher Scientific — corporate offices (43.7 miles)
4090 Dorr St offers scale at 77 units with an average unit size near 886 sq. ft., aligning with renter preferences for functional space while supporting revenue per unit. The 1987 vintage is newer than much of the surrounding housing stock, positioning the asset competitively versus older properties and suggesting a manageable capital plan focused on targeted modernization rather than full-system replacement.
Neighborhood fundamentals are supportive: occupancy is competitive among Toledo submarkets and in the top quartile nationally, and, according to CRE market data from WDSuite, local rents benchmark near the national midpoint with a rent-to-income profile that points to manageable affordability pressure. Within a 3-mile radius, households have grown and are projected to increase further by 2028 alongside rising incomes and rents, indicating a larger tenant base and potential for sustained demand, while relatively accessible ownership costs in the area could create some competition for renters.
- 1987 vintage offers competitive positioning versus older neighborhood stock with targeted value-add potential.
- Strong neighborhood occupancy (rank 61 of 244; top quartile nationally) supports leasing stability.
- 3-mile radius shows growth in households and incomes, expanding the renter pool and supporting demand.
- Rent levels near the national middle and a roughly 0.18 rent-to-income ratio aid retention and pricing power management.
- Risks: limited nearby lifestyle amenities and relatively accessible ownership costs may temper rent premiums and compete with rental options.