| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 58th | Good |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4105 N Terrace View St, Toledo, OH, 43607, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 72 |
| Transaction Date | 2004-11-18 |
| Transaction Price | $1,435,000 |
| Buyer | NACHTRAB JOSEPH T |
| Seller | BULLARD LEONARD C |
4105 N Terrace View St, Toledo OH Multifamily Opportunity
Neighborhood renter concentration sits on the higher side for the Toledo metro, supporting a deeper tenant base, while neighborhood occupancy trends around the metro midpoint, according to WDSuite’s CRE market data.
This inner-suburb location in Toledo offers working households proximity to major employment hubs with a renter-occupied share near half of local housing units. For investors, that renter concentration signals a relatively deep tenant pool and the potential for steadier leasing velocity, even as neighborhood occupancy rates track near the metro median rather than the top tier.
The property’s 1973 vintage is slightly older than the neighborhood average year built, pointing to typical capital planning needs and potential value-add or renovation upside to improve competitive positioning against newer product. Contract rents in the neighborhood trend on the lower side for the metro, and with a rent-to-income relationship near the national midpoint, operators can prioritize retention while pursuing measured upgrades.
Local amenities are limited within the immediate neighborhood footprint (few grocers, pharmacies, and cafes), though there is reasonable access to restaurants compared with peers. Educational attainment skews above the national median (share of adults with a bachelor’s degree), which can support demand for well-managed, professionally operated units. Home values are relatively modest versus national norms; in practical investor terms, this can create some competition from entry-level ownership, but it also sustains reliance on quality rental options for many households.
Within a 3-mile radius, recent history shows a slight population contraction but an increase in household counts and smaller average household sizes—conditions that typically expand the renter pool for studios and smaller two-bedroom formats. Looking forward, WDSuite’s CRE market data indicates growth in households and incomes by 2028, reinforcing an outlook of incremental demand that can support occupancy stability and measured rent growth for well-operated multifamily assets.
Safety trends in this neighborhood are mixed relative to the Toledo metro and to national benchmarks. The area ranks in the lower tier for the metro (ranked 212 among 244 metro neighborhoods), indicating higher reported crime levels than many Toledo neighborhoods, while national positioning sits below the median on both violent and property offense indicators.
For investors, this calls for routine, professional safety measures—lighting, access control, and partnership with local patrols—alongside attentive resident screening and community standards. Monitoring year-over-year trends remains prudent, as property offense rates have shown recent upward movement, whereas broader national comparisons place the area closer to midrange on property-related metrics.
Nearby corporate anchors help underpin workforce housing demand and support commute convenience for renters, notably in manufacturing, materials, energy, and life sciences. The list below reflects prominent employers within a commutable radius that can contribute to leasing depth and retention.
- Owens Corning — building materials (5.6 miles) — HQ
- Dana Holding — auto parts (6.9 miles) — HQ
- Owens-Illinois — glass packaging (9.1 miles) — HQ
- Marathon Petroleum — energy (43.1 miles) — HQ
- Thermo Fisher Scientific — life sciences (43.4 miles)
4105 N Terrace View St combines an established 1973 vintage with a neighborhood that features a sizable renter-occupied share and restaurant access relative to peers, but more limited day-to-day retail. Neighborhood occupancy trends are around the metro midpoint, suggesting stable but competitive leasing dynamics; the higher renter concentration supports demand depth for well-managed units and helps sustain occupancy through cycles.
The 1973 construction points to classic value-add levers—unit interior updates, systems modernization, and common-area improvements—to enhance rent positioning while maintaining resident affordability. According to CRE market data from WDSuite, the 3-mile radius shows growing household counts and smaller household sizes over time, a backdrop that typically enlarges the renter pool and supports steady absorption for practical floorplans.
- Higher neighborhood renter concentration supports a deeper tenant base and steadier leasing.
- 1973 vintage offers value-add potential via targeted renovations and systems updates.
- 3-mile household growth and smaller household sizes reinforce multifamily demand and occupancy stability.
- Limited immediate retail amenities warrant emphasis on on-site services and convenience-focused operations.
- Safety ranks in the lower tier metro-wide, requiring disciplined property management, lighting, and access controls.