| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 48th | Fair |
| Amenities | 38th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6555 Dorr St, Toledo, OH, 43615, US |
| Region / Metro | Toledo |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6555 Dorr St Toledo 20-Unit Multifamily Investment
Neighborhood fundamentals indicate steady renter demand and occupancy stability, according to WDSuite s CRE market data. The area s renter-occupied share and mid-90s neighborhood occupancy support consistent leasing performance for smaller-format units.
This Inner Suburb location ranks 47 out of 244 Toledo neighborhoods (A- rating), placing it in the top quartile among metro peers based on WDSuite s CRE market data. Neighborhood occupancy is competitive among Toledo neighborhoods, and the renter-occupied share is high for the metro, signaling a deep tenant base for multifamily assets.
Daily needs are serviceable: grocery access is stronger than many local areas while restaurants are reasonably distributed, though parks, cafes, and pharmacies are limited within the immediate neighborhood. These dynamics point to practical livability with room for value creation through on-site amenities or convenience enhancements that can aid retention and capture demand.
Vintage matters for underwriting. The property s 1973 construction is older than the neighborhood s average vintage (1984), suggesting investors should plan for ongoing capital expenditures and potential value-add scope (systems, interiors, curb appeal) to sharpen competitiveness versus newer stock.
Tenure and demand indicators are favorable: the neighborhood s renter-occupied share is 57.7%, indicating a sizable renter concentration that supports multifamily absorption and lease stability. Within a 3-mile radius, population and households have grown in recent years and are projected to expand further, pointing to a larger tenant base and supporting occupancy and pricing over the medium term. The area s rent-to-income positioning near the national median suggests manageable affordability pressure, which can help with retention and measured rent growth management.
Safety trends should be considered in underwriting and operations. This neighborhood s crime rank is 207 out of 244 within the Toledo metro, indicating below-metro-average safety relative to peers. Nationally, safety performance trends toward the lower end of the spectrum, so prudent asset management and resident experience strategies may be important for retention.
Recent momentum is mixed: property offenses have declined over the last year (improvement competitive among metro areas), while violent offense measures sit below national percentiles and have increased year over year. Investors may want to budget for visible security measures and community engagement to support leasing stability and mitigate perception risk.
Proximity to established corporate employers supports a durable renter pool and commute convenience for workforce tenants, notably in automotive components, building materials, glass packaging, energy, and life sciences.
- Dana Holding industry/role: automotive components (5.9 miles) HQ
- Owens Corning industry/role: building materials (8.5 miles) HQ
- Owens-Illinois industry/role: glass packaging (9.1 miles) HQ
- Marathon Petroleum industry/role: energy refining (42.7 miles) HQ
- Thermo Fisher Scientific industry/role: scientific instruments & biotech manufacturing (43.6 miles)
6555 Dorr St offers a 20-unit, smaller-format rental profile in an Inner Suburb that ranks in the top quartile among Toledo neighborhoods. Neighborhood occupancy sits above the metro median and renter concentration is high, supporting a steady leasing base. According to CRE market data from WDSuite, ownership costs in the area track near national norms, which tends to sustain reliance on rental housing and supports pricing power without overstretching affordability.
Built in 1973, the asset is older than the local average vintage, creating a clear path for value-add through interior updates and systems modernization to compete with newer stock. Within a 3-mile radius, population and household growth including forward projections point to renter pool expansion that can underpin occupancy stability and controlled rent growth over the hold period.
- Competitive Inner Suburb with above-median metro occupancy and strong renter concentration
- 1973 vintage supports a targeted value-add plan to enhance rent positioning
- 3-mile population and household growth expand the tenant base and support leasing stability
- Nearby anchor employers underpin demand from commuting workforce
- Risks: below-metro-average safety and amenity depth require active management and capex planning