| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 55th | Good |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6318 W Bancroft St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1977 |
| Units | 60 |
| Transaction Date | 2000-03-22 |
| Transaction Price | $4,000,000 |
| Buyer | WESTBROOK APARTMENTS LLC |
| Seller | AMERICAN TALE LEGAL INFORMATION SVCS LTD |
6318 W Bancroft St, Toledo OH Multifamily Investment
Neighborhood renter concentration is elevated and supports a durable tenant base, according to WDSuite’s CRE market data, while local occupancy trends indicate steady leasing conditions at the submarket level.
This Inner Suburb location balances everyday convenience with practical multifamily fundamentals. Grocery and pharmacy access are strong — grocery density ranks 3rd out of 244 Toledo neighborhoods (top quartile nationally) and pharmacies rank 10th of 244 (also top quartile) — while cafes, parks, and sit-down restaurants are limited in the immediate area. For investors, this mix points to reliable daily-needs retail nearby, with fewer discretionary destinations.
Neighborhood renter-occupied share is 44.8%, placing it in the top quartile among 244 metro neighborhoods and indicating a deeper pool of multifamily demand relative to many Toledo peers. Reported neighborhood occupancy is around the metro median-to-lower half (rank 164 of 244), suggesting stable but competitive leasing dynamics that reward attentive asset management.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue rising through 2028, with households outpacing population — a pattern that typically expands the renter pool and supports occupancy stability. Income measures in the 3-mile radius trend higher than the immediate neighborhood context, which can aid leasing for well-positioned units and value-add finishes.
Ownership costs in the neighborhood benchmark below national levels (home values are in the lower national quartiles), and median contract rents track below national medians as well. For operators, this generally supports retention and reduces affordability pressure, though it can moderate near-term pricing power and introduce some competition from attainable ownership options.
WDSuite s neighborhood safety indicators place this area slightly above the national average for safety (national percentile in the mid-50s), with crime levels that are competitive among many Toledo neighborhoods rather than top tier. The neighborhood s crime rank sits near the middle of the 244-neighborhood metro distribution, underscoring the need for standard property-level security and lighting practices.
Trend-wise, violent offense rates have improved notably over the past year (an improvement pace in the upper national percentiles), while property offenses track closer to national mid-range levels. Investors should view this as a constructive trajectory but continue to underwrite typical risk controls and tenant-experience measures.
The employment base features established corporate hubs within commuting distance, supporting workforce housing demand and lease retention. Notable nearby employers include Dana, Owens Corning, Owens-Illinois, Thermo Fisher Scientific, and Marathon Petroleum.
- Dana auto components (6.6 miles) HQ
- Owens Corning building materials (8.3 miles) HQ
- Owens-Illinois packaging & glass (9.7 miles) HQ
- Thermo Fisher Scientific life sciences (42.9 miles)
- Marathon Petroleum energy (43.4 miles) HQ
Built in 1977 with 60 units, the property offers scale for professional management and potential value-add through modernization of interiors and common areas. Based on CRE market data from WDSuite, the surrounding neighborhood supports a sizable renter base (top quartile renter-occupied share locally) and maintains steady occupancy, while daily-needs retail access enhances livability for residents.
Within a 3-mile radius, population and household growth have been positive and are projected to continue, implying a larger tenant base over the medium term. At the same time, a relatively accessible ownership market and below-national rent levels suggest balanced pricing power; operators may prioritize renovation-driven differentiation and amenity execution to capture demand and sustain retention.
- 60-unit scale with 1977 vintage supports operational efficiencies and value-add potential.
- Top-quartile renter concentration in the neighborhood deepens the tenant pool and supports leasing velocity.
- Strong access to daily-needs retail (grocery and pharmacy density ranks near the top among 244 metro neighborhoods).
- 3-mile demographic growth and rising income profiles support occupancy stability and renewal potential.
- Risks: competitive leasing amid attainable ownership options and an aging asset that may require targeted capital expenditures.