| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 73rd | Best |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5916 Cresthaven Ln, Toledo, OH, 43614, US |
| Region / Metro | Toledo |
| Year of Construction | 1993 |
| Units | 34 |
| Transaction Date | 1991-01-15 |
| Transaction Price | $120,000 |
| Buyer | --- |
| Seller | --- |
5916 Cresthaven Ln Toledo Multifamily Opportunity
Neighborhood occupancy trends are strong and renter demand is deep, according to WDSuite’s CRE market data, supporting stable operations for a well-located inner-suburb asset in Toledo.
The property sits in an Inner Suburb pocket of Toledo rated A- and ranked 46th among 244 metro neighborhoods, placing it in the top quartile locally. For investors, that positioning signals competitive fundamentals relative to most Toledo submarkets.
Neighborhood occupancy is high and stable (top quartile nationally and competitive among Toledo neighborhoods), which supports lease retention and pricing discipline at the asset level. The share of housing units that are renter-occupied is elevated (around the low-50s percent and in a high national percentile), indicating a sizable tenant base and depth of demand for multifamily.
Livability is mixed: grocery and restaurant density is moderate for an inner suburb, while cafe, park, and pharmacy presence is lighter. Childcare availability scores above the national median, which can aid household retention. These dynamics typically attract workforce renters who prioritize access to daily needs over boutique retail.
Home values in the neighborhood are moderate by national standards, and rent-to-income sits near the low-teens, a backdrop that can support occupancy stability while still requiring thoughtful lease management. The area’s average construction year trends older than this asset; with a 1993 vintage, the property should compete well against nearby stock while still benefiting from targeted modernization.
Demographic statistics aggregated within a 3-mile radius show flat recent population and household counts but a projected increase in both by the mid-term, implying a larger tenant base ahead and support for multifamily absorption if new supply remains measured.
Safety indicators for the neighborhood trend near the national middle overall (around the national median), and the area ranks in the metro’s mid-pack at 147 out of 244 neighborhoods. Recent momentum is constructive: both property and violent offense rates show year-over-year declines, with improvement metrics trending above many U.S. neighborhoods. For investors, this suggests conditions that are broadly comparable to regional norms with signs of ongoing normalization.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, led by Dana, Dana Holding, Owens-Illinois, Owens Corning, and Dana Holding Corporation.
- Dana — corporate offices (3.1 miles)
- Dana Holding — corporate offices (3.1 miles) — HQ
- Owens-Illinois — corporate offices (5.8 miles) — HQ
- Owens Corning — corporate offices (7.4 miles) — HQ
- Dana Holding Corporation — corporate offices (9.6 miles)
Built in 1993 with 34 units, the asset is newer than much of the surrounding housing stock, offering competitive positioning versus older properties and potential value-add via targeted renovations to interiors and building systems. Neighborhood fundamentals are supportive: occupancy sits in the top quartile nationally and is competitive among Toledo neighborhoods, and the renter-occupied share is high, indicating a deep tenant pool and potential for steady lease-up and retention. According to CRE market data from WDSuite, neighborhood rent-to-income trends are manageable, which can support collections while allowing for measured rent growth strategies.
Within a 3-mile radius, recent population and household counts have been stable, with forecasts pointing to growth over the next five years, expanding the renter pool and supporting multifamily absorption. Livability signals are balanced—daily-needs access is reasonable though parks and pharmacies are thinner—favoring workforce housing dynamics. Key risks include income performance that trails national peers and typical mid-1990s capital needs, but these are actionable through focused capex and asset management.
- Occupancy strength and high renter concentration support demand stability
- 1993 vintage offers competitive positioning with clear value-add levers
- 3-mile forecasts indicate a growing tenant base to support absorption
- Proximity to major corporate offices underpins leasing and retention
- Risks: lighter park/pharmacy amenities and income metrics below national peers