| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 37th | Poor |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5739 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1977 |
| Units | 48 |
| Transaction Date | 2006-01-17 |
| Transaction Price | $1,400,000 |
| Buyer | VANDERBILT PLACE LLC |
| Seller | VANDERBILT LLC |
5739 Dorr St, Toledo OH Multifamily Investment
Neighborhood-level occupancy is exceptionally tight and renter demand is broad-based, according to WDSuite’s CRE market data, supporting stable operations for a 48-unit asset in Toledo’s inner suburbs.
The property sits in an Inner Suburb pocket of Toledo that scores a B+ overall and is above the metro median (ranked 84th of 244 neighborhoods). Neighborhood occupancy is currently at the top of the metro (ranked 1st of 244), a neighborhood metric that points to limited near-term supply slack and supports pricing discipline and lease retention at the submarket level—not a statement about this specific property’s occupancy.
Livability is mixed but serviceable for workforce renters. Dining density is competitive among Toledo neighborhoods (restaurants rank 38th of 244; cafes 18th), and grocery access also performs well (40th of 244). However, parks, pharmacies, and childcare are limited within the neighborhood footprint (each ranked 244th), and the average school rating is on the lower end locally and nationally. For investors, this amenity mix suggests convenience for daily needs with fewer family-oriented amenities, which can shape tenant profiles and marketing strategies.
Tenure patterns indicate depth for rentals: the neighborhood shows a high share of renter-occupied housing units (ranked 36th of 244; high national percentile), which typically supports consistent leasing velocity. Median contract rents at the neighborhood level skew toward the lower end nationally, while the rent-to-income ratio ranks in a high national percentile, indicating manageable rent burdens that can aid retention and reduce turnover risk.
Demographics aggregated within a 3-mile radius show recent population and household growth with further increases projected over the next five years, pointing to a larger tenant base and potential renter pool expansion. Income trends in the same 3-mile view have been rising, and projected rent levels remain in line with that outlook, which together support occupancy stability and incremental rent growth management.
Safety indicators are mixed in relative terms. The neighborhood’s overall crime positioning is near the metro median (ranked 129th of 244), translating to an average profile versus Toledo peers. Nationally, violent offense metrics sit in a lower percentile, while property offense metrics are closer to mid-range.
Recent trends are constructive: both violent and property offense rates have declined year over year at the neighborhood level, with improvement outpacing many areas according to WDSuite’s data. Investors can frame this as directional progress while maintaining prudent risk management and security planning appropriate for the submarket.
Proximity to established corporate employers underpins a diversified employment base and supports renter demand via commute convenience. The nearby roster includes Dana, Owens Corning, Owens-Illinois, Marathon Petroleum, and Thermo Fisher Scientific.
- Dana Holding — corporate offices (5.96 miles) — HQ
- Owens Corning — corporate offices (7.48 miles) — HQ
- Owens-Illinois — corporate offices (8.82 miles) — HQ
- Marathon Petroleum — corporate offices (42.63 miles) — HQ
- Thermo Fisher Scientific — corporate offices (43.64 miles)
5739 Dorr St is a 48-unit, 1977-vintage asset positioned in a Toledo Inner Suburb neighborhood that ranks above the metro median for overall performance. Neighborhood occupancy is the strongest in the metro, and the renter-occupied housing share is high, indicating depth of demand and support for steady leasing. According to commercial real estate analysis from WDSuite, neighborhood-level rents remain relatively accessible versus national benchmarks, and rent-to-income positioning suggests retention can be a core strength.
Vintage implies value-add potential. Built in 1977, the property may benefit from targeted capital improvements to enhance competitiveness versus both newer stock and refreshed peers, while demographics within a 3-mile radius point to population and household growth that can expand the tenant base. Amenity access favors daily necessities and dining, though limited parks/pharmacies and lower school ratings should be factored into underwriting and marketing. Safety indicators are around metro median with recent improvement trends—appropriate for standard multifamily risk practices.
- Metro-leading neighborhood occupancy supports rent and retention at the neighborhood level
- High renter-occupied share indicates a broad tenant base and stable leasing
- 1977 vintage offers clear value-add and modernization pathways
- 3-mile growth in population and households supports ongoing renter demand
- Risks: limited parks/pharmacies and lower school ratings; safety near metro median warrants routine security planning