| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 48th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6541 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 101 |
| Transaction Date | 1999-10-28 |
| Transaction Price | $2,655,000 |
| Buyer | WINDJAMMER COMPANY INC |
| Seller | HARRIS WILLIAM H |
6541 Dorr St Toledo 101-Unit Multifamily Investment
Inner-suburb location with above-metro occupancy and a deep renter base, according to WDSuite’s CRE market data, positions this asset for steady leasing and operational upside.
This Inner Suburb setting in Toledo balances everyday convenience with investment fundamentals. Grocery access ranks competitively (50th of 244 metro neighborhoods; 78th percentile nationally), while restaurants are reasonably available. Cafes, parks, and pharmacies are thinner locally, which may warrant on-site amenity emphasis to support retention.
Neighborhood occupancy is above the metro median, supporting cash flow stability through typical cycles. The share of housing units that are renter-occupied is elevated, indicating a broader tenant base and depth for multifamily leasing. Median home values in the neighborhood are moderate for the region, which can sustain renter reliance on multifamily housing rather than immediate ownership.
Vintage matters for underwriting: built in 1973, the property is older than the neighborhood’s average construction year (1984). Investors should plan for capex and value-add scope that modernizes interiors and building systems, enhancing competitive positioning versus newer stock.
Within a 3-mile radius, recent trends show population and household growth with forecasts pointing to further household expansion and rising contract rents through the next five years. This implies a larger tenant base and supports occupancy stability; it also suggests ongoing rent-to-income management to balance pricing power and retention. These dynamics align with a constructive outlook based on commercial real estate analysis from WDSuite.
Safety conditions should be viewed in both local and national context. Relative to the Toledo metro, the neighborhood’s crime rank sits toward the safer end of the local distribution (rank 207 out of 244), while national comparisons place the area below the U.S. median for safety (38th percentile nationally). This suggests investors should underwrite active property management and resident engagement to maintain leasing stability.
Property offense estimates have improved year over year (with a notable decline), which is constructive for perception and retention, while violent offense estimates ticked up. Owners may mitigate risk through lighting, access control, and partnerships with local public safety programs. All figures are neighborhood-level indicators rather than property-specific conditions.
Proximity to established corporate offices supports renter demand through commute convenience and a diverse white-collar employment base, including auto components, building materials, glass packaging, integrated energy, and life sciences.
- Dana Holding — auto components HQ & offices (5.8 miles) — HQ
- Owens Corning — building materials (8.5 miles) — HQ
- Owens-Illinois — glass packaging (9.0 miles) — HQ
- Marathon Petroleum — integrated energy (42.6 miles) — HQ
- Thermo Fisher Scientific — life sciences (43.7 miles)
The 101-unit, 1973-vintage asset at 6541 Dorr St benefits from above-metro neighborhood occupancy and a high concentration of renter-occupied housing units, supporting depth of demand and leasing durability. Within a 3-mile radius, population and households have grown and are projected to expand further, pointing to a larger renter pool and sustained absorption. According to CRE market data from WDSuite, neighborhood rents trend upward from a moderate base, reinforcing potential for disciplined revenue growth alongside interior and systems upgrades.
As an older vintage relative to the area’s 1980s average, the property presents clear value-add and capital planning angles to enhance competitiveness versus newer stock. Amenity gaps in the immediate area can be offset by on-site features, while safety considerations suggest prudent operational focus without undermining long-term fundamentals.
- Above-metro neighborhood occupancy and strong renter concentration support leasing stability
- 3-mile radius shows population and household growth, expanding the tenant base
- 1973 vintage offers value-add potential through interior and building-systems upgrades
- Moderate neighborhood home values reinforce multifamily reliance and retention potential
- Risks: amenity gaps and neighborhood safety context require active management and capex discipline