| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 55th | Good |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5109 Secor Rd, Toledo, OH, 43623, US |
| Region / Metro | Toledo |
| Year of Construction | 1975 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5109 Secor Rd, Toledo Multifamily Investment
Stabilized neighborhood occupancy and an established inner-suburb location suggest durable renter demand, according to WDSuite s CRE market data. One key investor takeaway is steady performance potential supported by everyday amenities within reach.
The property sits in an Inner Suburb of Toledo rated A-, placing the neighborhood in the top quartile among 244 metro neighborhoods. Based on WDSuite s CRE market data, neighborhood occupancy trends are competitive among Toledo neighborhoods, supporting income stability for multifamily assets.
Livability reflects practical convenience more than destination retail. Restaurants per square mile rank in the top quartile locally, while parks, pharmacies, and childcare access also land in the top quartile, indicating day-to-day services are accessible. However, the immediate area shows limited cafes and groceries, so residents may rely on nearby corridors for those options.
Within a 3-mile radius, demographics indicate a diversified age mix with a renter-occupied share around one-third, signaling a meaningful tenant base for workforce and mid-market product. Median home values sit well below national norms (low national percentile), which can temper pricing power as some households consider ownership; still, a low rent-to-income ratio (high national percentile) points to manageable rent burdens that can aid retention and reduce turnover risk.
Educational options trend below national averages, and amenity depth is uneven, but overall neighborhood ranking, sustained occupancy, and everyday service access align with value-oriented multifamily positioning relative to the broader Toledo metro and many national peers.
Safety metrics for the neighborhood track slightly below the national middle, and conditions rank below the metro median among 244 Toledo neighborhoods. Even so, recent trends show improvement: estimated violent and property offense rates have declined year over year, according to WDSuite s CRE market data, indicating directional progress rather than deterioration.
Investors should frame security as a property- and block-level management consideration while noting that the neighborhood s trajectory has been improving, which can support leasing and retention over time.
Nearby corporate offices provide a steady employment base that supports renter demand and commute convenience, including Dana, Owens Corning, and Owens-Illinois. These employers anchor diverse white-collar and industrial-adjacent roles within a workable drive of the property.
- Dana Holding Corporation Corporate Offices (4.5 miles)
- Owens Corning Corporate Offices (6.3 miles) — HQ
- Dana Corporate Offices (10.3 miles)
- Dana Holding Corporate Offices (10.4 miles) — HQ
- Owens-Illinois Corporate Offices (12.5 miles) — HQ
5109 Secor Rd offers 48 units with practical, larger-than-typical layouts for the submarket (average unit size near 1,000 square feet). Neighborhood fundamentals are resilient: occupancy trends sit in the mid-90s and the renter base is meaningful, while low rent-to-income levels support retention and predictable collections. Based on CRE market data from WDSuite, the area s top-quartile neighborhood standing in the metro and steady service access point to stable multifamily operations with measured upside.
Forward-looking demand appears supported by a projected increase in households within a 3-mile radius and rising median incomes, which can expand the tenant base and sustain occupancy. While home values are comparatively low, which may temper pricing power at the margin, balanced amenity access and proximity to established employers should help underpin leasing velocity for well-managed assets.
- Competitive neighborhood standing and mid-90s occupancy support stable cash flow
- Manageable rent-to-income levels bolster retention and reduce turnover risk
- Household and income growth in 3-mile radius expand renter pool over time
- Proximity to major employers supports leasing and limits downtime
- Risks: below-median safety and school ratings; lower ownership costs may cap rent growth