| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 63rd | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 44 Rockwood Dr, Grass Valley, CA, 95945, US |
| Region / Metro | Grass Valley |
| Year of Construction | 1974 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
44 Rockwood Dr Grass Valley Multifamily Investment
Neighborhood occupancy trends sit above the metro median, supporting stable leasing; this context, detailed in WDSuite’s CRE market data, underpins our commercial real estate analysis of demand durability.
Situated in Grass Valley’s inner-suburban fabric, the property benefits from a renter-oriented neighborhood profile and solid operating context. The neighborhood ranks above the metro median for occupancy (17 of 39 Truckee–Grass Valley neighborhoods), and renter-occupied share is high relative to areas nationwide (upper decile nationally), which supports depth of the tenant base and leasing continuity.
Everyday convenience is a local strength: restaurant, cafe, grocery, and pharmacy densities all score in the top quartile nationally, with multiple categories ranking first or second among 39 metro neighborhoods. This amenity clustering helps sustain renter appeal and can aid retention. Average school ratings are competitive (ranked 2 of 39) and sit in a high national percentile, a supportive signal for family-oriented renters.
Home values in the neighborhood are elevated versus many U.S. areas, which creates a high-cost ownership market and tends to reinforce reliance on multifamily rentals. Median contract rents in the area remain moderate relative to incomes (rent-to-income around the national midpoint), a mix that can support occupancy stability while leaving room for disciplined rent management.
Within a 3-mile radius, population and household counts have grown in recent years and are projected to continue expanding, pointing to a larger tenant base over the next several years. According to WDSuite’s CRE market data, neighborhood-level NOI per unit trends rank at the top of the metro and in a high national percentile, signaling resilient operating performance among comparable assets.
Safety conditions should be evaluated thoughtfully. The neighborhood’s crime profile ranks 27th out of 39 metro neighborhoods, indicating higher incident levels than many local peers. Compared with neighborhoods nationwide, indicators align below the national median, though recent data show property offenses trending down year over year while violent incidents ticked up. Investors often address this with targeted measures such as lighting, access control, and community engagement to support resident satisfaction and retention.
Regional employment access is anchored by established technology and corporate operations reachable by car, supporting commuter demand and lease stability for workforce housing. The employers listed below reflect major job centers relevant to this submarket.
- Intel Folsom FM5 — technology/corporate offices (40.7 miles)
44 Rockwood Dr offers scale at 80 units in a neighborhood with above-median occupancy and a nationally high renter-occupied share, supporting tenant depth and leasing stability. Built in 1974, the asset is slightly newer than the local average vintage, which can offer a competitive edge versus older stock while still leaving room for selective modernization to drive value. According to CRE market data from WDSuite, local amenity density and school quality score in high national percentiles, reinforcing renter appeal, while a high-cost ownership environment supports sustained rental demand.
Within a 3-mile radius, population and households have expanded and are forecast to continue growing, indicating a larger renter pool over the medium term. Rent levels remain manageable relative to incomes locally, which can support occupancy and retention while allowing for measured rent growth. Key considerations include implementing practical safety and asset-management enhancements and calibrating finishes to a market that values convenience and accessibility.
- Above-median neighborhood occupancy and high renter-occupied share support demand depth
- 1974 vintage provides competitive positioning with potential modernization upside
- High national percentile for amenities and schools reinforces leasing and retention
- 3-mile population and household growth expands the tenant base over time
- Risk: crime levels are higher than many metro peers; plan targeted security and OPEX controls