| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 52nd | Good |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5460 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1979 |
| Units | 50 |
| Transaction Date | 2012-10-24 |
| Transaction Price | $1,400,000 |
| Buyer | LONGWOOD APARTMENTS LLC |
| Seller | 5460 DORR STREET HOLDINGS LLC |
5460 Dorr St, Toledo OH Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by nearby employment and daily-needs retail, according to WDSuite s CRE market data. Investors should view this location as a stable, needs-based submarket with room for disciplined value strategies.
The property sits in a suburban Toledo neighborhood rated A- and ranked 40th of 244 within the metro, indicating it is competitive among Toledo neighborhoods. Local occupancy for the neighborhood is high relative to national norms, supporting income stability for multifamily assets.
Daily-needs access is a strength: grocery, pharmacy, parks, and restaurants score in the upper national ranges, while specialty options such as cafes and childcare are thinner. School quality trends around national averages, which can support broad renter appeal without commanding premium pricing.
Within a 3-mile radius, households and population have been growing, with forecasts pointing to continued population growth and a larger household base over the next five years. Renter-occupied share within this 3-mile radius is around two-fifths, indicating a meaningful tenant pool and depth for leasing. Rising median incomes in the same radius point to a renter pool with improving ability to absorb moderate rent growth, aiding renewal performance and occupancy stability.
Ownership costs in the immediate neighborhood are relatively accessible compared with many U.S. markets, which can introduce some competition from entry-level homebuying. However, a favorable rent-to-income profile and strong neighborhood occupancy suggest that well-positioned assets can sustain demand and retention. This balanced backdrop, combined with convenient amenities, underpins a pragmatic investment case for multifamily, supported by commercial real estate analysis from WDSuite s market coverage.
Safety indicators for this neighborhood track close to national midpoints overall, with a mixed profile across offense types. Within the Toledo metro, the area sits near the middle of the pack (122 out of 244 neighborhoods), signaling average relative safety at the neighborhood scale.
Recent trend data are constructive: estimated property and violent offense rates have declined year over year, placing these improvements in the stronger tiers nationally. While investors should underwrite with standard risk allowances consistent with an average-safety submarket, the downward trend supports expectations for operational stability relative to prior periods.
The leasing moat here benefits from proximity to regional employers in manufacturing and building materials, supporting workforce housing demand and commute convenience. Key nearby employers include Dana, Dana Holding, Owens Corning, Dana Holding Corporation, and Owens-Illinois.
- Dana auto parts manufacturing (6.1 miles)
- Dana Holding auto parts manufacturing (6.1 miles) HQ
- Owens Corning building materials (7.1 miles) HQ
- Dana Holding Corporation auto parts manufacturing (7.8 miles)
- Owens-Illinois glass packaging (8.8 miles) HQ
5460 Dorr St is positioned in a competitive Toledo neighborhood with high neighborhood occupancy and solid day-to-day amenity access. Within a 3-mile radius, increasing households and incomes point to a larger tenant base and improving rent coverage, which can support steady renewals and pricing discipline. According to CRE market data from WDSuite, rent-to-income dynamics are favorable versus many markets, reinforcing retention while leaving room for measured rent growth.
Counterbalancing factors include relatively accessible ownership costs that can compete with Class B/C rents, and a safety profile that is average for the metro even as year-over-year offense rates improve. For investors, the thesis centers on stable operations in a needs-driven location, with potential to capture steady cash flow through prudent asset management and targeted value enhancements.
- Strong neighborhood occupancy supports income durability
- Expanding 3-mile renter pool and rising incomes aid renewal rates
- Daily-needs amenities (grocery, pharmacy, parks) bolster renter convenience
- Prudent upside via targeted value-add and disciplined lease management
- Risks: entry-level homeownership competition; average safety requiring standard underwriting buffers