| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 24th | Poor |
| Demographics | 20th | Poor |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 E Poe Rd, Bowling Green, OH, 43402, US |
| Region / Metro | Bowling Green |
| Year of Construction | 1973 |
| Units | 76 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
215 E Poe Rd Bowling Green Multifamily Opportunity
Within a 3-mile radius, a large renter-occupied housing base and growing household counts point to durable leasing fundamentals, according to WDSuite’s CRE market data. Neighborhood safety trends also compare favorably to national benchmarks, supporting retention and day-to-day operations.
This Bowling Green address sits within the Toledo metro and scores a C neighborhood rating (ranked 194 among 244 metro neighborhoods), signaling an area with mixed but investable fundamentals for workforce housing. Restaurants and daily-needs retail are reasonably accessible for the neighborhood (restaurant density around the metro middle and national 55th percentile; pharmacies near the national 67th percentile), while parks and formal childcare are limited in the immediate neighborhood footprint. For investors, this mix suggests convenience for everyday errands with fewer lifestyle amenities to market around.
Neighborhood rents are lower than national norms (neighborhood median contract rent sits in a lower national percentile), which can aid lease-up and retention, while the neighborhood’s occupancy is steady but below national averages. At the property level, the 1973 vintage is older than the neighborhood’s average construction year of 1979, pointing to routine capital planning and selective value-add upgrades to remain competitive against newer stock.
Tenure patterns indicate meaningful rental demand: within a 3-mile radius, renter-occupied housing comprises a large share of units today and is projected to edge higher, supporting depth of the tenant base. Over the last five years, local households increased even as population softened, and projections call for additional household growth alongside smaller average household sizes. For multifamily owners, that combination typically supports absorption and occupancy stability as more one- and two-person households enter the renter pool.
Ownership costs in the immediate neighborhood remain comparatively accessible relative to many U.S. markets, which can introduce some competition with entry-level ownership. However, the area’s rent-to-income profile and sizable renter concentration support steady demand, with pricing power more likely to be driven by operational execution and property positioning than by amenity premiums.
Safety indicators compare favorably to national benchmarks. The neighborhood’s overall crime positioning sits around the 70th percentile nationally for safety, with violent offense rates in the 90th percentile and property offense measures in the 82nd percentile (safer than most neighborhoods nationwide). Recent year-over-year estimates also show declines in both violent and property offenses. While conditions can vary by block and over time, these trends are competitive among Toledo neighborhoods and supportive of day-to-day operations and leasing.
Proximity to established corporate offices underpins a stable employment base and commuter convenience for renters. The nearby roster includes Owens-Illinois, Dana, Dana Holding, Owens Corning, and Dana Holding Corporation.
- Owens-Illinois — corporate offices (9.7 miles) — HQ
- Dana — corporate offices (12.7 miles)
- Dana Holding — corporate offices (12.7 miles) — HQ
- Owens Corning — corporate offices (18.8 miles) — HQ
- Dana Holding Corporation — corporate offices (22.7 miles)
215 E Poe Rd offers exposure to an established renter market with household growth within 3 miles and a large renter-occupied share supporting tenant depth. Lower rent levels relative to national benchmarks can aid occupancy and retention, while neighborhood safety metrics outperform national averages. According to CRE market data from WDSuite, the immediate area’s leasing conditions are steady, with demand supported more by workforce fundamentals than by lifestyle amenities.
Built in 1973, the property may benefit from targeted value-add and systems modernization to stay competitive versus newer stock. Looking ahead, projected increases in household counts alongside smaller household sizes indicate continued renter pool expansion, though investors should account for amenity gaps and potential competition from comparatively accessible ownership options when underwriting.
- Large renter-occupied share within 3 miles supports tenant depth and leasing stability
- Neighborhood safety trends rank above national averages, aiding retention and operations
- Lower rent levels vs. national norms can support occupancy and lease-up
- 1973 vintage presents value-add and capex planning opportunities to enhance competitiveness
- Risks: limited nearby parks/childcare amenities and some competition from accessible ownership options