| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 47th | Fair |
| Amenities | 24th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4319 Keygate Dr, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4319 Keygate Dr, Toledo OH Multifamily Investment
Neighborhood occupancy has held in a stable range while a sizable share of housing units are renter-occupied, supporting depth of the tenant base according to WDSuite’s CRE market data. This positioning favors consistent leasing in Toledo’s inner-suburban context.
This Inner Suburb neighborhood carries a B rating and ranks 98 out of 244 within the Toledo metro, placing it above the metro median in overall positioning. Restaurant density trends in the 71st percentile nationally and grocery access is similarly competitive, while parks, pharmacies, and cafes are limited nearby. For investors, that mix suggests everyday convenience with fewer lifestyle amenities immediately adjacent.
Renter-occupied housing comprises an above-average share of units at the neighborhood level (44.4%), indicating a meaningful renter concentration and a broader base for multifamily demand. Neighborhood occupancy is reported at 93.4% and has edged up over five years; these are neighborhood-level metrics that point to leasing durability rather than property-specific performance.
Within a 3-mile radius, recent population was essentially flat while household counts grew modestly, implying smaller household sizes and a steady flow of renters. Forward-looking projections within the same 3-mile radius indicate increases in households and incomes over the next five years, which should expand the renter pool and support occupancy stability and rent growth management.
Median contract rents in the neighborhood trend below national norms (around the 31st percentile), and home values are similarly positioned. This lower-cost ownership market can introduce some competition with entry-level ownership, but it also supports lease retention and steady absorption for quality, well-managed units.
Safety indicators are mixed. The neighborhood s crime rank is 152 out of 244 Toledo neighborhoods, which is below the metro average. Nationally, the area scores in lower percentiles for safety, indicating higher relative incidence than many U.S. neighborhoods. That said, recent year-over-year trends show improvement, with both violent and property offense rates declining, suggesting conditions have been moving in a favorable direction.
Investors should evaluate security measures, lighting, and operational practices as part of underwriting, while noting the improving trajectory and the property s inner-suburban context when benchmarking performance versus comparable Toledo assets.
Nearby corporate anchors in manufacturing and materials provide a diversified employment base that supports renter demand and commute convenience. Key employers in proximity include Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation.
- Dana
- Dana manufacturing (3.0 miles)
- Dana Holding manufacturing (3.0 miles) HQ
- Owens-Illinois glass & packaging (4.4 miles) HQ
- Owens Corning building materials (6.8 miles) HQ
- Dana Holding Corporation manufacturing (9.7 miles)
Built in 1973, this 24-unit asset sits in a Toledo inner-suburban neighborhood that ranks above the metro median and shows stable neighborhood occupancy. The vintage suggests potential value-add through unit renovations and system updates, with the opportunity to enhance competitive positioning against newer stock while managing capex planning deliberately.
Renter concentration is solid at the neighborhood level and, within a 3-mile radius, household counts are projected to rise alongside incomes — dynamics that support a larger tenant base and steady leasing. Median rents and home values track below national norms, which can aid retention and absorption for well-operated properties; according to CRE market data from WDSuite, neighborhood occupancy trends and amenity access (notably restaurants and groceries) further support day-to-day livability, albeit with limited parks and cafes nearby.
- 1973 vintage offers clear value-add and modernization upside with planned capex
- Above-metro-median neighborhood with stable occupancy supporting leasing durability
- 3-mile household and income growth projections expand the renter pool and support pricing power
- Everyday convenience from restaurants and groceries; fewer parks/cafes nearby
- Risk: below-metro-average safety ranking warrants security and operational diligence