| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Good |
| Demographics | 59th | Good |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3703 Lakepointe Dr, Northwood, OH, 43619, US |
| Region / Metro | Northwood |
| Year of Construction | 1972 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3703 Lakepointe Dr, Northwood OH Multifamily Opportunity
Neighborhood occupancy is in the mid-90% range, supporting income stability at the submarket level, according to WDSuite’s CRE market data. Renter demand is supported by relatively low rent-to-income burdens in the surrounding area, though the renter pool is modest locally.
Competitive among Toledo neighborhoods (ranked 83rd out of 244), the area around 3703 Lakepointe Dr offers steady fundamentals for workforce housing. Neighborhood occupancy is above the metro median and in the top third nationally, indicating relatively stable leasing conditions despite the submarket’s more rural profile.
Livability is serviceable but not urban: restaurants are present while cafes, groceries, and pharmacies are limited nearby. Park access compares favorably versus national norms, which can support quality-of-life for residents. School ratings are not available in this dataset, so investors may wish to underwrite conservatively on that factor.
Housing costs are relatively manageable versus incomes. Neighborhood median contract rents sit at the lower end of national distribution, and the rent-to-income ratio is high-performing nationally, which can help lease retention and reduce turnover pressure. Home values are moderate for the region; in ownership-leaning areas this can mean some competition from for-sale options, but it also tends to keep renter households in place once stabilized.
Tenure patterns show a lower share of renter-occupied units in the neighborhood, pointing to a smaller but steady renter base—important for targeting marketing and amenities. Within a 3-mile radius, demographics show a slight population contraction over the past five years alongside an expected increase in household count, which suggests smaller household sizes and a larger number of housing decision-makers. Income trends in the 3-mile area have risen meaningfully and are projected to continue increasing, supporting the depth of paying tenants and helping sustain occupancy.
The property’s 1972 vintage is slightly newer than the neighborhood’s average stock (circa 1970). Investors should expect typical mid-20th-century capital needs while noting potential value-add through common-area updates, unit modernization, and systems upgrades to remain competitive against older inventory.
Safety indicators in this neighborhood track around the national middle, with property-related incidents benchmarking slightly better than violent ones when compared nationally. Within the Toledo metro (244 neighborhoods), conditions are near the metro median rather than at either extreme, providing a balanced starting point for underwriting.
Recent-year trends indicate modest increases in both violent and property offenses at the neighborhood level. Investors may wish to incorporate practical measures—lighting, access controls, and resident engagement—and confirm up-to-date comps and trendlines as part of risk management.
Proximity to a diversified employer base supports renter demand and commute convenience, including Owens Corning, Dana, Owens-Illinois, and Marathon Petroleum. These anchors contribute to leasing stability across workforce and professional cohorts.
- Owens Corning — building materials HQ (5.6 miles) — HQ
- Dana Holding Corporation — auto parts (8.9 miles)
- Owens-Illinois — glass packaging HQ (11.3 miles) — HQ
- Marathon Petroleum — energy HQ (40.0 miles) — HQ
This 64-unit, 1972-vintage asset benefits from neighborhood occupancy that trends above the metro median and in the top third nationally—supportive of income stability in a predominantly owner-occupied area. According to CRE market data from WDSuite, rent levels in the area are comparatively low versus incomes, which can enhance retention and reduce delinquency risk while leaving room for value-oriented upgrades.
Demand drivers are steady rather than flashy: a modest renter pool locally, upward-trending household incomes within a 3-mile radius, and an expected increase in household count even as population remains roughly flat—implying smaller household sizes and a broader base of potential renters. The 1972 vintage is slightly newer than the neighborhood average, offering a competitive edge versus older stock while still warranting targeted modernization to strengthen positioning.
- Neighborhood occupancy above metro median supports cash flow stability
- Favorable rent-to-income dynamics aid retention and pricing discipline
- 1972 vintage offers value-add via unit and systems updates relative to older stock
- Risks: limited nearby amenities and mixed safety trendlines warrant prudent operating plans