| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 60th | Good |
| Amenities | 71st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4606 Nantuckett Dr, Toledo, OH, 43623, US |
| Region / Metro | Toledo |
| Year of Construction | 1976 |
| Units | 120 |
| Transaction Date | 1992-11-05 |
| Transaction Price | $2,340,000 |
| Buyer | --- |
| Seller | --- |
4606 Nantuckett Dr, Toledo OH Multifamily Investment
Neighborhood renter concentration near 36% supports a steady tenant base, according to WDSuite’s CRE market data, while local occupancy trends sit closer to the metro middle. Solid everyday amenities bolster leasing fundamentals for a 120-unit asset.
The property sits in an Inner Suburb pocket of Toledo with an A-rated neighborhood profile (ranked 15 among 244 metro neighborhoods), indicating competitive livability and demand drivers relative to the region. Dining density is a clear strength: restaurant availability ranks 3rd of 244 locally and places the area in the top national percentile, while cafés (rank 23 of 244; top quartile nationally) and groceries (rank 26 of 244; top quartile nationally) support day-to-day convenience for residents, based on CRE market data from WDSuite.
Multifamily positioning benefits from a renter-occupied share measured at 35.9% for the neighborhood, suggesting a defined tenant base without overreliance on rentals. Neighborhood occupancy performance tracks below the metro median (rank 182 of 244), which puts a premium on property-level operations and product differentiation to sustain leasing velocity. Median asking rents in the neighborhood sit in a lower national tier (around the 29th percentile), which can aid absorption while limiting near-term pricing power.
Vintage is materially relevant: the submarket’s average construction year is 1977, and this asset’s 1976 vintage implies routine capital planning and selective renovations to stay competitive versus newer stock. Average school ratings trend below national norms (national percentile 37), which may temper family-driven demand, and the lack of nearby parks (rank 244 of 244) reduces open-space appeal; however, strong retail and service access offsets some of that impact for many renter cohorts.
Within a 3-mile radius, demographics show a stable population base with modest recent growth and an outlook for renter pool expansion over the next five years, alongside rising median incomes. In a market where ownership costs are around national mid-levels, relatively accessible rents can support lease retention, though they also require active asset management to capture incremental rent growth as amenities and unit finishes are upgraded.
Safety indicators are mixed but improving in trend terms. Overall crime exposure sits near the metro middle (rank 124 of 244), roughly in line with broader Toledo patterns. Nationally, the area reads slightly better than the midpoint on composite measures (around the 52nd percentile), according to WDSuite’s CRE data.
Breakout metrics vary by category: recent-year estimates show violent incidents benchmarking below the national safety midpoint (around the 27th percentile), while property-related incidents track weaker (around the 19th percentile). Notably, both violent and property categories show year-over-year improvement momentum, with declines that place the neighborhood in an above-average improvement tier nationally (around the 75th–88th percentiles). For investors, this suggests monitoring trajectory and emphasizing on-site security, lighting, and resident engagement to support retention.
Nearby employment anchors span automotive components, building materials, glass packaging, and life sciences, providing a diversified commuter base that supports renter demand and lease retention for workforce and professional tenants.
- Dana Holding Corporation — automotive components (6.15 miles)
- Owens Corning — building materials (7.31 miles) — HQ
- Dana — automotive components (9.34 miles)
- Owens-Illinois — glass packaging (11.90 miles) — HQ
- Thermo Fisher Scientific — life sciences (40.55 miles)
4606 Nantuckett Dr offers scale at 120 units in a Toledo Inner Suburb location with strong everyday amenities and a defined renter base. Neighborhood rents trend in a lower national tier, which can underpin absorption and occupancy stability, and the renter-occupied share near 36% indicates depth without overconcentration. According to CRE market data from WDSuite, neighborhood occupancy sits below the metro median, signaling the importance of focused operations and value-add strategies to capture demand.
Built in 1976, the asset may benefit from targeted renovations and systems updates to enhance competitiveness against newer product. Within a 3-mile radius, demographic indicators point to steady population today with an outlook for household and income growth, supporting a larger tenant base and room for measured rent optimization. Ownership costs around national mid-levels and a rent-to-income profile near 0.12 suggest manageable affordability pressure for many renter cohorts, aiding lease retention while requiring disciplined lease management.
- Scale and daily convenience: top-quartile neighborhood access to dining, cafés, and groceries supports leasing velocity.
- Defined tenant base: renter-occupied share near 36% supports demand depth without overreliance on rentals.
- Value-add potential: 1976 vintage enables rent and NOI growth via targeted unit/interior upgrades and system improvements.
- Demographic tailwinds: 3-mile outlook indicates renter pool expansion and rising incomes that can support measured rent gains.
- Risks: neighborhood occupancy ranks below metro median and safety metrics are mixed; performance hinges on execution, security, and product differentiation.