| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Good |
| Demographics | 77th | Best |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10845 Cable Ave, Whitehouse, OH, 43571, US |
| Region / Metro | Whitehouse |
| Year of Construction | 1980 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
10845 Cable Ave, Whitehouse OH 24-Unit Multifamily
Neighborhood multifamily occupancy is elevated, supporting durable tenant retention in this suburban Lucas County location, according to WDSuite’s CRE market data. Figures reflect the surrounding neighborhood rather than the property itself.
Whitehouse sits within the Toledo, OH metro and reads as a low-density suburban pocket with strong family appeal. Neighborhood schools rate near the top of the region (average around 4.7/5; 9th of 244 metro neighborhoods), placing the area in the upper tier nationally for education quality. This tends to support renter stability and lease renewal prospects for family-oriented unit mixes.
Multifamily conditions show steady demand: the neighborhood s occupancy is about 96% (neighborhood metric, not the subject property), which is above many U.S. locations and suggests consistent lease-up and retention potential. Renter concentration is modest (about one-sixth of housing units are renter-occupied at the neighborhood level), implying a smaller but committed renter base rather than a transient pool. In a 3-mile radius, households and families have grown over the past five years, pointing to a gradually expanding tenant base that can support occupancy stability.
Income levels are comparatively high for the region, and rent-to-income ratios are favorable (neighborhood median rent sits well below typical income levels), which can underpin collections and reduce turnover risk. At the same time, median home values in the neighborhood are higher than many Midwest suburbs, so ownership is attainable for some households; investors should plan pricing and amenity positioning to remain competitive with entry-level ownership options.
Amenity access is mixed: cafes score competitively versus national peers, while parks and pharmacies are sparse within neighborhood bounds, consistent with a car-oriented suburban pattern. For daily needs, grocery and restaurant density sits close to national mid-range, with most conveniences reachable by short drives. Vintage is 1980 for this 24-unit asset, slightly newer than the neighborhood s average stock from the mid-1970s; investors should anticipate periodic system upgrades and selective renovations to enhance competitiveness versus newer deliveries while harvesting value-add upside.
Safety indicators benchmark favorably on a national basis. According to WDSuite s CRE market data, the neighborhood s overall crime profile sits in the upper-third of U.S. neighborhoods, with violent incidents trending even stronger (upper quartile nationally). Property crime metrics also index better than average across the country. These are neighborhood-level readings and can support resident retention and leasing, though investors should still underwrite routine security and lighting improvements typical for suburban multifamily.
Proximity to established manufacturers and corporate offices broadens the workforce renter base and supports retention for residents commuting to Dana, Owens-Illinois, Owens Corning, and Marathon Petroleum.
- Dana Holding — automotive parts (6.3 miles) — HQ
- Dana — automotive parts (6.3 miles)
- Owens-Illinois — glass packaging (8.0 miles) — HQ
- Owens Corning — building materials (16.2 miles) — HQ
- Marathon Petroleum — energy refining (34.6 miles) — HQ
The investment thesis centers on occupancy stability, high household incomes in the draw area, and measured value-add potential. Neighborhood multifamily occupancy remains strong relative to many U.S. areas, and 3-mile demographics point to population and household growth, expanding the renter pool over the next five years. Based on CRE market data from WDSuite, school quality and suburban fundamentals support lease retention, while ownership remains attainable enough that competitive positioning and amenity upgrades will matter for pricing power.
Built in 1980, the property should be evaluated for systems modernization and targeted unit upgrades to protect competitiveness against newer supply. With modest neighborhood renter concentration, marketing should emphasize convenience to major employers and family-friendly attributes to capture durable tenancy rather than transient demand.
- Strong neighborhood occupancy supports stable leasing (neighborhood metric, not property-specific).
- Growing 3-mile population and households expand the prospective tenant base.
- High local incomes and favorable rent-to-income ratios aid collections and retention.
- 1980 vintage presents value-add via unit/interior refresh and systems upgrades.
- Risk: Owner-leaning housing mix and attainable ownership require competitive amenities and pricing discipline.