| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 63rd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Dorsey Dr, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1983 |
| Units | 49 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Dorsey Dr Grass Valley Multifamily Investment
This 49-unit property built in 1983 operates in a top-ranked neighborhood with strong amenity access and rental demand fundamentals. CRE market data from WDSuite indicates the area achieves 92% occupancy with above-average net operating income per unit.
The property sits in Grass Valley's highest-ranked neighborhood among 39 metro neighborhoods, earning an A+ rating with strong fundamentals across housing, amenities, and demographics. The area maintains 92% occupancy rates with median contract rents of $1,412, positioning above the 75th percentile nationally. With 50% of housing units renter-occupied, the neighborhood demonstrates solid rental market depth that supports tenant retention and lease-up velocity.
Built in 1983, this vintage aligns closely with the neighborhood's average construction year of 1968, indicating potential value-add opportunities through strategic renovations and unit improvements. The area benefits from strong amenity density, ranking first regionally for restaurants, cafes, and pharmacy access per square mile, which enhances tenant appeal and retention prospects.
Demographics within a 3-mile radius show a stable population base of approximately 22,200 residents with modest growth of 0.9% over five years. Household formation continues at 1.2% annually, while median household incomes of $63,435 provide adequate rental affordability with rent-to-income ratios remaining manageable. Forecasts indicate continued population growth of 11.7% through 2028, supporting expansion of the renter pool and sustained multifamily demand.
The neighborhood's median home value of $488,484 reinforces rental demand by maintaining elevated ownership costs that keep households in the rental market longer. School ratings average 4.0 out of 5, ranking second regionally and supporting family tenant retention in this inner suburb location.
Property crime rates in the neighborhood rank 27th among 39 metro neighborhoods, placing in the lower third locally but maintaining the 8th percentile nationally, indicating higher crime levels compared to neighborhoods nationwide. Violent crime rates follow a similar pattern, ranking 27th regionally with an 18th percentile national standing.
Recent trends show property crime declining 7.4% year-over-year, though violent crime increased 9.2% over the same period. Investors should factor these mixed safety dynamics into tenant screening protocols and consider security enhancements as part of property management strategy to maintain competitive positioning and resident retention.
The employment base draws from technology and corporate offices within commuting distance, providing workforce housing opportunities for professional tenants.
- Intel Folsom FM5 — technology corporate offices (40.9 miles)
This 49-unit property leverages Grass Valley's top-ranked neighborhood fundamentals with 92% occupancy rates and above-average net operating income performance. The 1983 vintage presents value-add potential through strategic renovations while benefiting from strong amenity access that supports tenant retention. According to multifamily property research from WDSuite, the area's 50% rental tenure share and growing household base create stable demand drivers for sustained occupancy performance.
Demographic projections indicate 11.7% population growth through 2028 alongside household formation that expands the renter pool. Median home values of $488,484 reinforce rental demand by maintaining elevated ownership costs, while manageable rent-to-income ratios support pricing stability and lease renewals.
- Top-ranked neighborhood with 92% occupancy and strong NOI performance
- Value-add potential through 1983 vintage renovation opportunities
- Growing renter pool supported by 11.7% projected population growth
- Higher crime rates require enhanced security and tenant screening protocols