| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Good |
| Demographics | 51st | Good |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4930 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1986 |
| Units | 66 |
| Transaction Date | 1988-08-18 |
| Transaction Price | $4,830,000 |
| Buyer | --- |
| Seller | --- |
4930 Dorr St Toledo 66-Unit Multifamily Investment
High neighborhood occupancy and a stable renter base suggest durable leasing fundamentals in this suburban pocket of Toledo, according to WDSuite’s CRE market data.
The property sits in a suburban neighborhood in Toledo rated B, with neighborhood occupancy measured at a level that ranks in the 81st percentile nationally. That positioning indicates relatively steady renter demand versus many U.S. neighborhoods and supports income stability for professionally managed assets.
Local amenity density is mixed: grocery access is a relative strength (81st percentile nationally), while cafes, restaurants, parks, and pharmacies are limited within the neighborhood. For investors, that pattern points to everyday convenience for residents but fewer discretionary destinations nearby, which can be offset by unit features, on-site amenities, or pricing strategy. Median contract rents in the neighborhood sit around the national midpoint, indicating room to compete on value without sacrificing positioning; this aligns with multifamily property research from WDSuite that shows Toledo renters remain price-sensitive but steady.
Tenure dynamics show a moderate renter concentration at the neighborhood level, implying a meaningful pool of renter-occupied housing units to support leasing, without excessive turnover risk typical of highly transient submarkets. The property’s 1986 vintage is newer than the neighborhood’s older housing stock (average construction year 1960), suggesting a competitive edge versus mid‑century product while still warranting selective system updates or common‑area refreshes to maintain positioning.
Within a 3‑mile radius, demographics remain stable with modest population growth, a slight decrease in average household size, and an increase in total households. This combination typically expands the renter pool and supports occupancy stability for mid‑size assets. Homeownership costs in the area are comparatively accessible, which may create some competition from entry‑level ownership; however, rent-to-income levels indicate manageable affordability pressure that can support retention with disciplined lease management, based on CRE market data from WDSuite.
Safety indicators for the neighborhood generally track near the national midpoint, with property crime around average compared to U.S. neighborhoods and a recent year‑over‑year decline that signals improving conditions. Violent‑crime measures trend below the national midpoint, so investors should factor that into leasing strategy and security planning.
Compared with other neighborhoods in the Toledo, OH metro (244 total), overall crime positioning sits near the middle of the pack. The notable recent improvement in property‑crime rates provides a constructive directional trend, but prudent operations—lighting, access control, and resident engagement—remain advisable for sustained performance.
Nearby corporate anchors provide a diversified employment base that supports renter demand and commute convenience, led by manufacturing and materials headquarters and major regional offices noted below.
- Dana Holding — automotive components (6.3 miles) — HQ
- Owens Corning — building materials (6.5 miles) — HQ
- Dana Holding Corporation — automotive components (7.2 miles)
- Owens-Illinois — packaging & glass (8.8 miles) — HQ
- Marathon Petroleum — energy & refining (42.7 miles) — HQ
4930 Dorr St offers 66 units averaging roughly 958 square feet, positioned in a neighborhood that posts high occupancy relative to national benchmarks. The 1986 vintage is newer than much of the area’s mid‑century stock, offering a competitive baseline with potential to unlock incremental value through targeted renovations and modernization where systems are aging. Within a 3‑mile radius, stable population, growth in households, and slightly smaller household sizes point to a larger renter base over time, supporting leasing durability.
Rents in the surrounding area sit around the national midpoint and rent‑to‑income levels indicate manageable affordability pressure, which can aid retention and pricing power if asset quality is maintained. According to WDSuite’s commercial real estate analysis, grocery access is a relative strength while discretionary amenities are thinner, so on‑site offerings and unit finish quality can be important differentiators versus nearby alternatives.
- High neighborhood occupancy supports leasing stability versus national benchmarks
- 1986 vintage outcompetes older local stock with selective value‑add potential
- 3‑mile household growth and smaller household sizes expand the renter pool
- Midpoint rent positioning and manageable rent‑to‑income support retention and pricing
- Risks: thinner discretionary amenities and mixed safety metrics require active asset management