| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 47th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4285 Keygate Dr, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4285 Keygate Dr, Toledo OH Multifamily Investment
Neighborhood occupancy is around 93% with a renter-occupied share near the mid‑40% range, signaling a stable tenant base for a 24‑unit asset, according to WDSuite’s CRE market data. Positioned in Toledo’s inner suburb fabric, the property can serve value‑focused renters seeking consistency over flashier amenity districts.
The immediate area functions as an inner suburb of Toledo with everyday conveniences rather than destination retail. Grocery access ranks above many local peers (72nd of 244 metro neighborhoods), while restaurants are comparatively present (62nd of 244). Café, park, and pharmacy density is limited, so resident appeal leans toward practical necessities over lifestyle-driven amenities.
For investors, the neighborhood’s apartment occupancy of 93.4% sits above the metro median (rank 118 of 244), indicating durable renter demand at prevailing price points. Neighborhood-level rents are competitive among Toledo subareas (rank 104 of 244) and trend below national levels, which can support leasing velocity and reduce down-time risk for workforce-oriented product.
Tenure patterns point to depth in multifamily demand: the neighborhood’s renter-occupied share is in the stronger cohort locally (rank 52 of 244). Within a 3‑mile radius, households have grown modestly even as population edged down, and projections show a sizable increase in households by 2028 — a setup that typically expands the tenant base and supports occupancy stability.
Home values in the area sit below national averages, creating a high-cost ownership market relative to local incomes less often than in coastal metros; however, current rent-to-income ratios remain manageable, which can aid retention and pricing discipline for professionally managed properties. The 1973 vintage is older than the neighborhood’s average construction year (1982), suggesting potential value‑add and capital planning needs around unit interiors and building systems to stay competitive.
Safety signals are mixed. Relative to the Toledo metro, the neighborhood’s overall crime rank (152 of 244) suggests it performs better than a number of local areas. Nationally, it sits below the safer tier (around the mid‑40th percentile), but recent trend data shows improvement with both violent and property offenses declining year over year, according to CRE market data from WDSuite.
For investors, the takeaway is operational rather than speculative: expect routine safety-conscious management practices and resident communication, while acknowledging that recent downward movement in incident rates can support leasing and retention narratives if sustained.
Proximity to established corporate offices supports a steady renter base seeking commute convenience. Notable nearby employers include Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation.
- Dana — corporate offices (3.1 miles)
- Dana Holding — corporate offices (3.1 miles) — HQ
- Owens-Illinois — corporate offices (4.4 miles) — HQ
- Owens Corning — corporate offices (6.8 miles) — HQ
- Dana Holding Corporation — corporate offices (9.6 miles)
This 24‑unit, 1973‑vintage asset sits in an inner-suburban pocket where neighborhood occupancy is above the metro median and rents remain competitive versus national levels. The older vintage points to clear value‑add pathways — kitchens, baths, flooring, and building systems — that can sharpen positioning against newer stock while keeping effective rents aligned with local demand. According to CRE market data from WDSuite, renter concentration is solid locally and household counts within a 3‑mile radius are projected to rise meaningfully by 2028, supporting a broader tenant base and leasing stability.
Operationally, the ownership market is more accessible than in high-cost metros, which can create some competition with entry-level ownership; however, rent-to-income levels are manageable and can support retention for well‑maintained, professionally managed communities. Safety trends are improving from recent years, warranting standard security and resident‑experience practices while avoiding over‑investment in speculative measures.
- Above-metro neighborhood occupancy with competitive rents supports stable leasing
- 1973 vintage offers clear value‑add upside via interior and systems modernization
- 3‑mile household growth projections expand the tenant base and support occupancy
- Corporate employers within 3–10 miles underpin workforce housing demand
- Risks: below‑national safety standing, limited lifestyle amenities, and some competition from ownership