| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Good |
| Demographics | 30th | Poor |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1515 E Wooster St, Bowling Green, OH, 43402, US |
| Region / Metro | Bowling Green |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1515 E Wooster St Bowling Green Multifamily Investment
Neighborhood fundamentals point to a deep renter base and service-rich surroundings that can support lease-up and retention, according to WDSuite’s CRE market data. Metrics cited below reflect neighborhood conditions, not the property.
Competitive among Toledo neighborhoods (ranked 82 of 244), this Inner Suburb location balances everyday convenience with steady renter demand signals. Restaurant and grocery access trends in the top quartile nationally, while parks also score strong; by contrast, cafe and pharmacy presence is thin. For investors, that mix supports daily needs and foot traffic without relying on destination retail.
Renter concentration is high at the neighborhood level, indicating a broad tenant base for multifamily. Neighborhood rents sit near the metro middle, which can aid leasing in value-oriented positioning while still allowing disciplined revenue management as units turn.
Construction vintage in the area skews older on average (1930s), and this 1972 asset is newer than much of the surrounding stock. That typically helps competitive positioning versus pre-war product, though investors should still plan for system updates and selective renovations to meet current expectations.
Within a 3-mile radius, households have increased over the last five years and are projected to continue rising, even as population trends edge lower. This pattern points to smaller household sizes and an expanding renter pool, which generally supports occupancy stability and consistent demand for rental units. Based on CRE market data from WDSuite, projected rent growth in the area further underpins the case for disciplined pricing power.
Comparable crime data for this neighborhood is not available in the provided dataset. Investors typically benchmark property-level incident histories and resident feedback against Toledo metro trends to gauge operating risk over time. Use consistent, like-for-like sources when comparing locations, and focus on trend direction rather than one-off readings.
Proximity to established corporate offices supports workforce housing demand and commute convenience, which can aid leasing and retention. Key nearby employers include Owens-Illinois (packaging), Dana Holding (auto parts), Owens Corning (building materials), Dana Holding Corporation (auto parts), and Marathon Petroleum (energy).
- Owens-Illinois — packaging (10.6 miles) — HQ
- Dana Holding — auto parts (13.7 miles) — HQ
- Owens Corning — building materials (19.3 miles) — HQ
- Dana Holding Corporation — auto parts (23.3 miles)
- Marathon Petroleum — energy (23.4 miles) — HQ
The investment case centers on strong renter concentration at the neighborhood level, competitive amenity access (notably restaurants, groceries, and parks), and a 1972 vintage that is newer than much of the surrounding housing stock. According to CRE market data from WDSuite, household counts within 3 miles are rising and projected to keep increasing even as population trends soften, pointing to smaller household sizes and a larger renter pool that can support occupancy durability and measured rent growth.
Operationally, the area’s service mix supports daily living and commute convenience, while neighborhood-level rent positioning near the metro middle offers room for value-oriented execution. Investors should plan for targeted capital improvements typical of 1970s assets and actively manage leasing given below-metro occupancy readings at the neighborhood level.
- High neighborhood renter concentration supports a deep tenant base and consistent leasing.
- 1972 vintage is newer than much of the area’s older stock, aiding competitive positioning with selective upgrades.
- Strong restaurant, grocery, and park access trends; suitable for workforce-oriented demand.
- 3-mile household growth and projected increases indicate renter pool expansion supporting occupancy stability.
- Risk: Neighborhood occupancy trends are softer; requires proactive lease management and asset-specific marketing.