| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 52nd | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5430 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1979 |
| Units | 50 |
| Transaction Date | 1993-12-30 |
| Transaction Price | $1,935,000 |
| Buyer | 5460 DO9RR STREET HOLDINGS LLC |
| Seller | LONGWOOD PARK APARTMENTS LLC |
5430 Dorr St Toledo Multifamily Investment
Neighborhood occupancy is strong and above national norms, supporting income stability for a 50-unit asset, according to WDSuite s CRE market data for the surrounding area.
Rated A- and ranked 40 out of 244 Toledo neighborhoods, the area sits in the top quartile locally a positive signal for livability and renter appeal. Grocery access, parks, and pharmacies score well versus national peers, while restaurants are competitive; cafes and childcare are thinner, which slightly moderates amenity depth. Average school ratings trend near the national midpoint, which is typical for suburban Toledo.
Neighborhood occupancy is 96.2% (top-quartile nationally), indicating limited vacant stock and generally steady leasing performance. Median asking rents in the neighborhood track below national levels, which can support retention and reduce turnover risk for workforce-oriented units. The local rent-to-income profile suggests manageable rent burdens for typical tenants, helping sustain occupancy.
Within a 3-mile radius, population and households have grown and are projected to expand further through 2028, pointing to a larger tenant base over time. The renter-occupied share within this 3-mile area is substantial, supporting depth of demand for multifamily and a stable leasing pipeline. Elevated ownership accessibility in the broader area may temper near-term pricing power but also encourages renters who value convenience and flexibility.
Safety indicators are broadly around the metro median (crime rank 122 of 244 Toledo neighborhoods) and near the national midpoint overall (national safety percentile roughly mid-50s). Recent year-over-year declines in both property and violent offense estimates, as reported in WDSuite s data, point to improving trends, though violent-crime measures remain below national averages for safety. Investors should underwrite with standard loss-prevention and lighting/CPTED considerations and monitor the trend line rather than any single-year reading.
Proximity to established corporate employers supports a steady renter base and commute convenience for residents, particularly across manufacturing and building materials headquarters and offices. The nearby employment cluster includes Dana, Dana Holding, Owens Corning, Dana Holding Corporation, and Owens-Illinois.
- Dana corporate offices (6.1 miles)
- Dana Holding corporate offices (6.1 miles) HQ
- Owens Corning building materials (7.0 miles) HQ
- Dana Holding Corporation corporate offices (7.8 miles)
- Owens-Illinois glass & packaging (8.8 miles) HQ
This 1979 vintage, 50-unit property benefits from a suburban Toledo location where neighborhood occupancy is high and rents sit below national levels, supporting steady absorption and resident retention. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile locally for overall livability, with strong access to groceries, parks, pharmacies, and a solid base of nearby corporate employers anchoring workforce demand.
Demographic indicators aggregated within a 3-mile radius show recent growth in both population and households with further expansion projected by 2028, implying a larger tenant pool and support for occupancy stability. The vintage suggests potential value-add through targeted interior upgrades and system modernization to enhance competitive positioning versus newer stock, while underwriting should acknowledge more accessible home values in the area that can modestly cap pricing power.
- High neighborhood occupancy and below-national rents underpin stable cash flow potential
- Top-quartile neighborhood rank in Toledo with strong everyday amenities
- Expanding 3-mile population and household base supports renter demand and retention
- 1979 vintage offers value-add potential via interior refresh and system upgrades
- Risks: comparatively accessible ownership options and mixed safety signals may temper pricing power