| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 48th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 308 Campbell Hill Rd, Bowling Green, OH, 43402, US |
| Region / Metro | Bowling Green |
| Year of Construction | 1994 |
| Units | 55 |
| Transaction Date | 1992-08-05 |
| Transaction Price | $62,000 |
| Buyer | MAURER ROBERT W |
| Seller | --- |
308 Campbell Hill Rd, Bowling Green OH Multifamily Investment
Neighborhood occupancy is strong and renter demand is deep, according to WDSuite’s CRE market data, supporting steady performance for well-managed assets in Bowling Green.
This Inner Suburb neighborhood of the Toledo metro carries an A neighborhood rating and ranks 23rd among 244 metro neighborhoods, indicating competitive fundamentals for multifamily investors. The area shows high occupancy at the neighborhood level (top quartile nationally) and a very high renter concentration, which together point to a sizable tenant base and potential lease-up resilience.
Livability supports everyday needs: restaurants and cafes are plentiful relative to peers (both above national medians), parks are present, and groceries are reasonably accessible. Pharmacy access is comparatively thin within the neighborhood, which is a minor convenience trade-off to consider for residents.
Within a 3-mile radius, demographics skew toward renters and smaller households, and households are projected to increase even as average household size trends lower. This typically expands the pool for studios and smaller formats, supporting occupancy stability for compact units. Median school ratings in the area are below the national midpoint; for workforce and student-oriented demand, this tends to matter less than proximity, price point, and unit functionality.
Relative to older local stock (average vintage 1973 across the neighborhood), the subject’s 1994 construction is newer, which can aid competitiveness versus aging comparables; investors should still underwrite for modernization of finishes and building systems over the hold.
On affordability, neighborhood-level rent-to-income sits below many high-cost markets, yet WDSuite indicators show pockets of affordability pressure. For owners, that mix suggests balanced pricing power with routine lease management around renewal increases to maintain retention.
Safety metrics compare favorably at the national level. Violent-offense rates score in the top decile nationally, and property-offense rates are in the top quartile versus neighborhoods nationwide, indicating comparatively safer conditions for residents and on-site operations.
Recent data also show a year-over-year uptick in property offenses. While the area remains comparatively safe in national terms, investors should emphasize lighting, access control, and partnership with local patrols to preserve on-site safety trends.
Regional anchors within commuting range provide diversified employment that supports renter demand and retention. Notable nearby employers include Owens-Illinois, Dana, Owens Corning, and Marathon Petroleum.
- Owens-Illinois — packaging manufacturing HQ (10.9 miles) — HQ
- Dana — auto parts (14.1 miles)
- Dana Holding — auto parts (14.1 miles) — HQ
- Owens Corning — building materials (19.6 miles) — HQ
- Marathon Petroleum — energy (23.1 miles) — HQ
308 Campbell Hill Rd is a 55-unit asset built in 1994, positioned in a Toledo-metro neighborhood that ranks competitive among 244 metro peers. The neighborhood’s top-quartile national occupancy and very high renter concentration point to durable leasing fundamentals. Compared with older nearby stock, the vintage confers relative competitiveness; investors should still plan for targeted system upgrades and unit refreshes to capture value and support rent growth.
Within a 3-mile radius, households are increasing while average household size trends smaller, expanding the renter pool for compact units and supporting occupancy stability. Ownership costs are elevated relative to local incomes (high value-to-income nationally), which helps sustain reliance on rentals. According to commercial real estate analysis from WDSuite, neighborhood rents and amenities align with workforce and student demand, though below-average school ratings and a recent uptick in property offenses warrant prudent operations and underwriting.
- High neighborhood occupancy and deep renter base support steady leasing
- 1994 construction is newer than local average, with value-add potential via modernization
- 3-mile radius shows more households and smaller household sizes, reinforcing demand for smaller units
- Elevated ownership costs in the area bolster multifamily demand and retention
- Risks: below-average school ratings, thin pharmacy access, and recent property-crime uptick call for active management