| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 68th | Best |
| Amenities | 60th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 212 S Prospect St, Bowling Green, OH, 43402, US |
| Region / Metro | Bowling Green |
| Year of Construction | 1988 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
212 S Prospect St Bowling Green Multifamily Investment
Neighborhood fundamentals point to stable renter demand and high occupancy at the area level, according to WDSuite’s CRE market data. The immediate neighborhood shows strong amenity access and a high renter concentration, supporting day-to-day leasing and retention dynamics.
Located in Bowling Green within the Toledo, OH metro, the neighborhood earns an A rating and ranks 13 out of 244 metro neighborhoods, indicating competitive positioning locally. Occupancy in the neighborhood is 97.9% (top quartile nationally and competitive among Toledo neighborhoods), which supports income stability for multifamily assets nearby.
Amenity access is a relative strength: restaurants and cafes rank 12 and 9 out of 244 respectively (both competitive among Toledo neighborhoods), and grocery access ranks 49 of 244. Nationally, these amenity densities fall in the upper percentiles, aiding renter convenience and day-to-day livability. Pharmacy density is particularly strong (rank 2 of 244). Park and childcare options are limited in the immediate area, which may matter for family-oriented leasing strategies.
At the neighborhood level, the median contract rent remains modest and below many national peers, while the rent-to-income ratio sits near 23%, suggesting manageable affordability pressure that can support lease retention. Median home values are lower than national norms in this location, which can introduce some competition from ownership; however, the area’s high renter concentration (about 80% of housing units renter-occupied in the neighborhood) indicates a deep tenant base for multifamily.
Within a 3-mile radius, demographics show a slight population decline in recent years alongside growth in household counts and a projected increase in households by 2028. Smaller average household sizes and a persistent renter share (approximately 68% renter-occupied within 3 miles) imply an expanding renter pool and support for occupancy, even as population levels drift. These dynamics, based on CRE market data from WDSuite, generally favor consistent demand for well-located multifamily.
Comparable safety benchmarking for this neighborhood is limited in the available dataset. Investors typically assess safety by comparing neighborhood trends to metro and national baselines over time and overlaying property-level measures (lighting, access control, and visibility). Where possible, pair third-party crime trend reviews with on-the-ground observations and local stakeholder input to align underwriting assumptions with recent conditions.
- Owens-Illinois — glass packaging (10.7 miles) — HQ
- Dana — auto parts (13.6 miles)
- Dana Holding — auto parts (13.6 miles) — HQ
- Owens Corning — building materials (19.8 miles) — HQ
- Marathon Petroleum — energy & refining (23.3 miles) — HQ
Constructed in 1988, the property is newer than much of the surrounding housing stock, which skews older. That vintage can offer a competitive edge versus prewar inventory while still leaving room for selective modernization to meet current renter expectations. Neighborhood-level occupancy is strong and amenity access is robust, supporting day-to-day leasing and potential retention.
Within a 3-mile radius, recent declines in population have coincided with growth in household counts and a forecasted increase in households through 2028, indicating a larger tenant base even as average household size trends lower. Combined with a high neighborhood renter concentration and modest rent-to-income ratios, this backdrop supports steady demand, according to CRE market data from WDSuite. Key watch items include competition from relatively accessible ownership options and limited nearby parks/childcare for family-focused demand.
- 1988 vintage offers relative competitiveness versus older local stock with selective value-add potential
- High neighborhood occupancy and strong amenity access support leasing stability
- Expanding household counts within 3 miles point to a deeper renter pool despite population drift
- Modest rent-to-income levels aid retention and reduce turnover risk
- Risks: competition from ownership options and limited parks/childcare may temper certain demand segments