| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 86th | Best |
| Amenities | 9th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3700 E Vineyard Village Dr, Port Clinton, OH, 43452, US |
| Region / Metro | Port Clinton |
| Year of Construction | 1996 |
| Units | 40 |
| Transaction Date | 2023-10-26 |
| Transaction Price | $1,846,800 |
| Buyer | UCH CATAWBA SENIOR HOUSING LLC |
| Seller | OHIO LIVING COMMUNITIES |
3700 E Vineyard Village Dr Port Clinton Multifamily Investment
Neighborhood indicators point to a small but affluent renter pool, with rent levels and incomes trending above many Toledo-area peers, according to WDSuite s CRE market data. These are neighborhood-level signals that suggest pricing power may be supported by higher-income households even as local occupancy trends warrant closer monitoring.
The property sits in a Suburban area of Port Clinton rated B+ and ranked 66 out of 244 neighborhoods in the Toledo metro competitive among Toledo neighborhoods for overall livability and investment appeal. Local retail and daily conveniences are limited in the immediate vicinity, with few cafes, grocers, parks, and pharmacies inside the neighborhood footprint; residents typically rely on broader area offerings.
Renter-occupied housing share is low (neighborhood-level), indicating a thinner immediate tenant base, but median contract rents rank above the metro median and sit in the mid-60s nationally an indicator that households here have historically supported higher rent levels. At the same time, neighborhood occupancy trails most of the metro, suggesting investors should underwrite leasing and retention with conservative assumptions and active management.
Within a 3-mile radius, population has inched up while households have grown more quickly, and forecasts point to additional household gains alongside smaller average household sizes. For multifamily owners, that dynamic tends to expand the renter pool and can support occupancy stability and steady leasing, particularly for well-managed, right-sized units.
Home values in the neighborhood are elevated relative to many metro peers, and rent-to-income ratios are moderate by national standards. For investors, a higher-cost ownership landscape can sustain reliance on rental options, supporting tenant retention and measured pricing power, while still requiring attention to affordability pressure in renewal strategies.
Neighborhood-level crime metrics are not available for this location in the current dataset. Investors typically benchmark safety by comparing neighborhood trends to metro and national baselines; in the absence of published figures, standard diligence such as reviewing recent police reports, talking with local property managers, and assessing visibility and lighting along primary approaches is advisable.
Because safety can vary block to block, it is prudent to pair on-the-ground observations with third-party data sources to frame leasing risk, insurance considerations, and operating practices without overrelying on anecdotal signals.
Regional employers within commuting range support workforce housing demand and help stabilize leasing, notably Owens Corning, Dana Holding Corporation, and Owens-Illinois.
- Owens Corning building materials (35.8 miles) HQ
- Dana Holding Corporation automotive components (37.0 miles)
- Owens-Illinois glass packaging (40.8 miles) HQ
Built in 1996, the asset is newer than the neighborhood s average vintage, offering relative competitiveness versus older stock while leaving room for targeted modernization of common areas and building systems as part of a value-add plan. Neighborhood-level data shows a small renter concentration but higher household incomes and rent positioning, which can support collections and measured rent growth when paired with disciplined leasing. According to CRE market data from WDSuite, local occupancy trends lag the metro, so conservative underwriting around lease-up and renewal cadence is warranted.
Within a 3-mile radius, recent and forecast household growth alongside shrinking household sizes point to a larger tenant base over time. Elevated ownership costs relative to incomes further reinforce renter reliance on well-managed multifamily, supporting retention and pricing power for renovated units that emphasize convenience and livability.
- 1996 vintage competitive versus older stock, with selective capex/modernization potential
- Higher-income households and mid-60s national rent positioning support collections and disciplined rent growth
- 3-mile radius shows household growth and smaller household sizes expanding the renter pool and supporting occupancy stability
- Elevated ownership costs in the area can sustain demand for rentals and aid lease retention
- Risk: neighborhood occupancy trails metro norms underwrite conservative leasing timelines and active retention management