| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 34th | Fair |
| Demographics | 54th | Good |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 Buckeye Blvd, Port Clinton, OH, 43452, US |
| Region / Metro | Port Clinton |
| Year of Construction | 1981 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
205 Buckeye Blvd Port Clinton 48-Unit Multifamily
Positioned for steady renter demand in a suburban Ottawa County setting, the asset benefits from competitive neighborhood amenities and household growth within a 3-mile radius, according to WDSuite’s CRE market data. The submarket’s balanced affordability supports tenant retention while leaving room for targeted operational improvements.
Located in Port Clinton within the Toledo, OH metro, the surrounding neighborhood is rated A- and ranks 59 out of 244 metro neighborhoods, placing it in the top quartile among Toledo submarkets for overall livability. Restaurant, cafe, and grocery access is competitive among Toledo neighborhoods, with national positioning in the upper ranges, supporting day-to-day convenience that tends to aid leasing and renewal decisions.
Schools in the area average roughly mid-to-strong performance (about the 73rd percentile nationally), which can bolster family-oriented renter appeal. While neighborhood occupancy levels indicate more availability than tighter core areas, this can provide lease-up flexibility for well-managed assets that differentiate on finishes or service.
Housing tenure within a 3-mile radius skews primarily owner-occupied, with roughly one-quarter of housing units renter-occupied. For investors, this suggests a defined but targeted renter pool, where professionally managed multifamily can capture demand from residents prioritizing convenience over ownership. Median contract rents within this 3-mile radius remain accessible relative to local incomes, supporting retention but requiring disciplined revenue management for growth.
Demographic data aggregated within a 3-mile radius shows households have increased over the past five years even as population edged down, pointing to smaller household sizes and a potential expansion of the local renter base. Looking forward, forecasts indicate further household growth through the middle of the decade, which should support occupancy stability for well-positioned properties.
Safety indicators are comparatively favorable versus national benchmarks. Property offense metrics are among the strongest nationally (near the very top percentile), and overall crime placement is in the upper quartile nationwide, suggesting a relatively secure environment compared with many neighborhoods.
Recent trends are mixed: estimated property offenses have fallen sharply year over year, while some violent offense measures have moved the other direction. For investors, the key takeaway is to underwrite to current conditions while monitoring trend direction versus the broader Toledo metro over upcoming quarters.
The leasing base can draw from commuters to major Toledo-area employers, supporting workforce housing fundamentals and weekday occupancy. Notable corporate anchors within reasonable drive times include the following organizations.
- Owens Corning — building materials HQ (33.6 miles) — HQ
- Dana Holding Corporation — automotive components (35.1 miles)
- Owens-Illinois — glass packaging HQ (38.2 miles) — HQ
- Dana — automotive components (40.7 miles)
Built in 1981, the property is newer than much of the local housing stock, providing a relative competitive edge versus older inventory while leaving room for targeted modernization of systems and interiors. Demand is supported by household growth within a 3-mile radius and a defined renter base, with accessible rent levels that aid retention. According to CRE market data from WDSuite, the surrounding neighborhood scores in the top quartile within the Toledo metro for overall livability, and daily-needs amenities are comparatively strong, supporting leasing momentum.
Key underwriting considerations include neighborhood occupancy that suggests more availability than tighter urban nodes and an owner-leaning tenure mix that can cap the depth of the renter pool. That said, stable affordability and proximity to Toledo’s employment centers point to durable workforce demand for well-operated, competitively finished units.
- 1981 vintage offers competitive positioning versus older local stock with selective value-add potential
- Household growth within 3 miles expands the tenant base and supports occupancy stability
- Strong neighborhood amenities and schools support leasing and renewals
- Workforce access to major Toledo employers underpins renter demand
- Risks: owner-leaning tenure and softer neighborhood occupancy may temper rent growth; active management required