| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 46th | Good |
| Demographics | 51st | Good |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5816 Tetherwood Dr, Toledo, OH, 43613, US |
| Region / Metro | Toledo |
| Year of Construction | 1975 |
| Units | 42 |
| Transaction Date | 2017-09-29 |
| Transaction Price | $1,083,600 |
| Buyer | TOLEDO HOMES FOR RENT LLC |
| Seller | TOLEDO HOUSE INVESTORS LLC |
5816 Tetherwood Dr Toledo OH Multifamily Opportunity
Neighborhood renter concentration is high and occupancy trends sit modestly above the national median, suggesting a stable tenant base according to WDSuite’s CRE market data.
This Inner Suburb neighborhood in Toledo carries a B+ rating (74 of 244 metro neighborhoods), indicating solid fundamentals for workforce-oriented multifamily. Neighborhood occupancy trends are in the mid-50s by national percentile, pointing to generally steady leasing conditions rather than late-cycle softness.
Local convenience is a mixed picture: grocery access is competitive among Toledo neighborhoods (ranked 7 of 244, top quartile nationally), and restaurants are comparatively dense (24 of 244). By contrast, cafes, parks, and pharmacies are limited within the immediate neighborhood, which may reduce walkable lifestyle appeal but typically has limited impact on value-focused renters.
Renter-occupied housing comprises a sizable share of units locally (top quartile nationally for renter concentration), which supports depth of demand for a 42-unit asset. Within a 3-mile radius, demographics point to modest population growth and an increase in households by 2028, with smaller average household sizes expected—favorable for smaller-format units and sustained leasing velocity.
Ownership costs in this submarket track below national norms, while the neighborhood’s rent-to-income profile suggests limited affordability pressure. For investors, this combination can aid retention and lease stability, though it may also temper outsized rent-growth expectations versus high-cost coastal markets, based on commercial real estate analysis from WDSuite.
Compared with the 244 neighborhoods in the Toledo metro, this area’s safety profile trends below the metro median and sits in the lower half nationally (39th percentile). That positioning warrants prudent underwriting on security measures and insurance assumptions.
Trend-wise, violent incident rates improved year over year, with declines that are competitive on a national basis, and property offenses also eased modestly. While these trajectories are constructive, investors should evaluate recent comps and on-the-ground conditions to confirm continuation of these trends rather than assuming linear improvement.
Proximity to established manufacturers and building materials headquarters supports a broad commuter tenant base and can bolster retention through employment stability. Employers below reflect the nearest anchors likely to influence local multifamily demand.
- Dana Holding Corporation — automotive components (3.2 miles)
- Owens Corning — building materials (6.1 miles) — HQ
- Dana Holding — automotive components (11.8 miles) — HQ
- Owens-Illinois — glass packaging (13.7 miles) — HQ
The neighborhood’s renter concentration ranks in the national top quartile, and occupancy trends are slightly above the national median, supporting demand depth and leasing stability for a 42-unit asset. Amenities skew toward daily needs—particularly strong grocery coverage and restaurant density—serving a value-oriented renter profile. Within a 3-mile radius, projected household growth and smaller household sizes by 2028 point to a steady pipeline of renters, which can help sustain occupancy and limit exposure to abrupt turnover.
Homeownership remains comparatively accessible in this submarket, which can create competition for higher-income tenants; however, rent-to-income metrics indicate manageable affordability pressure that can aid retention. According to CRE market data from WDSuite, recent safety trends are improving, yet still below metro averages—suggesting security planning and conservative loss assumptions remain prudent in underwriting.
- High renter concentration and steady occupancy support demand depth
- Strong grocery and restaurant access align with workforce renter needs
- 3-mile radius shows household growth and smaller household sizes, supportive of leasing
- Manageable rent-to-income profile favors retention over aggressive rent growth
- Risks: below-metro safety positioning and more accessible ownership options may cap pricing power