| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 56th | Good |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1072 Fairview Ave, Bowling Green, OH, 43402, US |
| Region / Metro | Bowling Green |
| Year of Construction | 1993 |
| Units | 120 |
| Transaction Date | 2013-08-28 |
| Transaction Price | $1,885,000 |
| Buyer | BOWLING GREEN ESTATES LP |
| Seller | BOWLING GREEN MANOR LP |
1072 Fairview Ave Bowling Green Multifamily Opportunity
Neighborhood occupancy is exceptionally strong and renter demand is supported by a large tenant base, according to WDSuite’s CRE market data. Investors should view this asset as a steady performer within a university-influenced market where leasing stability tends to hold through cycles.
Located in Bowling Green within the Toledo, OH metro, the property sits in a suburban neighborhood rated A- and ranked 58 out of 244 metro neighborhoods—competitive among Toledo neighborhoods. Local fundamentals point to consistent renter demand: the neighborhood s occupancy is at the top of national benchmarks, while the renter-occupied share in the broader 3-mile radius is substantial, indicating a deep multifamily tenant pool that can support lease-up and renewal activity.
Vintage matters: built in 1993, the asset is newer than the neighborhood s average 1974 construction year, offering relative competitiveness versus older stock. Investors should still plan for targeted modernization of interior finishes and systems to maintain positioning against newer deliveries and to capture value-add upside where feasible.
Livability drivers are balanced. Grocery and pharmacy access track around or modestly above national norms, while restaurants are also around the national middle. Cafe and park density is limited in the immediate neighborhood, which may modestly affect lifestyle appeal but is often offset in workforce- and student-adjacent submarkets by proximity to daily needs and major employers.
Within a 3-mile radius, households have grown even as population ticks down, signaling smaller household sizes and a potential shift toward rental housing a dynamic that can enlarge the renter pool. Median school ratings trend slightly above the national middle, which supports broader family appeal. Elevated home value-to-income ratios relative to national peers suggest a high-cost ownership context for many households, which tends to sustain reliance on multifamily rentals and can support pricing power; at the same time, neighborhood rent-to-income metrics point to manageable affordability pressure, aiding retention and occupancy stability based on CRE market data from WDSuite.
Safety indicators are comparatively favorable in a national context. Overall crime metrics align above the national middle, and property-related offenses benchmark in the safer top quartile nationally, according to WDSuite s dataset. Violent offense estimates have trended lower year over year, which supports investor confidence in long-term leasing and renewal dynamics without over-relying on block-level assumptions.
Proximity to a diversified employment base underpins renter demand, with commuting access to glass manufacturing, auto parts, and building materials headquarters, as well as downstream energy. The following nearby employers are most relevant to leasing depth and retention:
- Owens-Illinois glass manufacturing (9.6 miles) HQ
- Dana auto parts (12.6 miles)
- Dana Holding auto parts (12.6 miles) HQ
- Owens Corning building materials (18.9 miles) HQ
- Marathon Petroleum energy & refining (24.3 miles) HQ
This 120-unit, 1993-vintage asset benefits from exceptionally tight neighborhood occupancy and a sizable renter base in the surrounding 3-mile area. Relative to older stock common in the metro, the vintage provides competitive positioning, with scope for targeted upgrades to drive rent trade-outs. According to CRE market data from WDSuite, the neighborhood s safety profile trends above national medians and ownership costs remain elevated relative to income, both of which tend to reinforce reliance on multifamily housing and support leasing stability.
Household counts are rising even as population edges lower, indicating smaller household sizes and an expanding renter pool. Local amenities align near national norms for daily needs, with limited parks and cafes being a manageable tradeoff in a market anchored by major employers and a university influence.
- Tight neighborhood occupancy and sizable renter concentration support stable leasing
- 1993 vintage competes well versus older stock, with value-add potential via selective upgrades
- Proximity to multiple headquarters underpins workforce demand and renewal likelihood
- Ownership costs relative to income bolster multifamily reliance, aiding pricing power
- Risks: limited park/cafe density and potential capex for systems as the asset ages