| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Good |
| Demographics | 58th | Good |
| Amenities | 10th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4800 W Bancroft St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1987 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4800 W Bancroft St Toledo Multifamily Investment
Positioned in an inner-suburban pocket with a deep renter base and mid-pack occupancy, this asset lends itself to steady operations with targeted upgrades, according to WDSuite’s CRE market data. The combination of modest rents and proximity to major employers supports consistent leasing potential.
The property sits in an Inner Suburb of Toledo rated B- at the neighborhood level, indicating a middle-of-the-pack position within the metro. Walkable conveniences are limited (amenities score low nationally), so residents typically rely on nearby corridors for daily needs; however, restaurant density is closer to national norms, providing some local dining options. This pattern suits drive-to convenience more than lifestyle retail.
From an investor standpoint, renter demand is supported by a high share of renter-occupied housing units in the neighborhood (strong nationally), which signals depth in the tenant base and helps leasing continuity. Neighborhood occupancy trends are near the national midpoint, suggesting stability rather than outsized volatility. Median asking rents in the area skew on the lower side nationally, and a rent-to-income ratio around the high teens indicates manageable affordability pressure that can aid lease retention and reduce turnover risk.
Within a 3-mile radius, demographics show a recent period of flat-to-slightly declining population alongside growth in household counts and a modest reduction in average household size. Looking ahead, WDSuite’s CRE market data points to a meaningful increase in households by 2028, which implies a larger tenant base and supports occupancy stability. Smaller household sizes can favor studios and one-bedrooms; the asset’s average unit size near the mid-500s square feet aligns with demand for efficient layouts.
The neighborhood’s housing stock skews older (average vintage late-1970s). With a 1987 construction year, the property is newer than much of the surrounding inventory, suggesting relative competitiveness versus older stock while still benefiting from selective modernization to address aging systems and drive rent resiliency.
Safety outcomes in this neighborhood trend weaker than many Toledo, OH neighborhoods and below national averages, placing it toward the higher-crime end of the metro. Recent data indicates a year-over-year uptick in property offenses alongside more moderate movement in violent incidents. Investors should underwrite to prudent security measures and tenant screening while noting that conditions can vary block to block within any urban-suburban context.
Nearby corporate anchors help sustain workforce housing demand and commuting convenience, notably in building materials, automotive, and packaging. The following employers are within practical drive times and can support leasing stability:
- Owens Corning — building materials HQ (6.1 miles) — HQ
- Dana Holding Corporation — automotive components (6.6 miles)
- Dana Holding — automotive components (6.8 miles) — HQ
- Owens-Illinois — glass & packaging (9.2 miles) — HQ
- Marathon Petroleum — energy HQ (43.1 miles) — HQ
Constructed in 1987, this 76-unit asset is relatively newer than the neighborhood’s predominantly 1970s housing stock, offering competitive positioning with clear value-add pathways through selective modernization. Renter-occupied share is high locally, supporting a deep tenant base, and neighborhood occupancy trends sit near national midpoints — conditions that favor stable cash flow when paired with disciplined operations. According to CRE market data from WDSuite, local rents are modest relative to national benchmarks and rent-to-income levels indicate manageable affordability pressure, which can aid retention.
Within a 3-mile radius, households have grown recently and are projected to expand further while average household size declines — a pattern that broadens the renter pool and supports demand for efficient floor plans. Employer proximity (Owens Corning, Dana, Owens-Illinois) underpins consistent leasing for workforce households, though limited walkable amenities and below-average safety readings warrant underwritten reserves for security and resident experience initiatives.
- 1987 vintage offers competitive positioning versus older local stock with targeted renovation upside
- High renter concentration supports depth of tenant demand and leasing stability
- Manageable rent-to-income dynamics can bolster retention and reduce turnover costs
- Proximity to Owens Corning, Dana, and Owens-Illinois supports workforce leasing
- Risks: limited walkable amenities and below-average safety levels require prudent security, resident services, and conservative underwriting