| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Good |
| Demographics | 40th | Poor |
| Amenities | 54th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1115 Evergreen Pl, Auburn, CA, 95603, US |
| Region / Metro | Auburn |
| Year of Construction | 1989 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1115 Evergreen Pl Auburn Multifamily Investment
Steady neighborhood occupancy and a high-cost ownership landscape point to durable renter demand, according to CRE market data from WDSuite. For investors, this supports income stability with room for operational value creation.
Auburn’s suburban setting offers everyday conveniences with a balanced mix of groceries, pharmacies, childcare, and restaurants nearby, while cafes and parks are less dense. Neighborhood school ratings trend below national averages, which may temper family-driven demand but does not preclude workforce-oriented leasing.
Home values are elevated relative to many U.S. neighborhoods, reinforcing reliance on rental options and supporting pricing power and lease retention for well-managed assets. At the same time, neighborhood occupancy sits in the low 90s, a level consistent with stable operations rather than a tight lease-up environment, based on WDSuite’s CRE market data.
Tenure patterns indicate a smaller renter-occupied share at the immediate neighborhood level, but the 3-mile radius shows a larger renter pool. For multifamily, that translates into a workable demand base with a broader catchment for leasing while highlighting the importance of product positioning and management execution.
Demographic statistics aggregated within a 3-mile radius point to modest recent population growth and an increase in households, with projections indicating further household gains over the next five years. This suggests a gradually expanding tenant base that can support occupancy stability and measured rent growth over time.
Safety indicators compare favorably at the national level, landing in the top quartile of neighborhoods nationwide, and recent trends show year-over-year declines in both property and violent offenses. Within the Sacramento metro context, conditions can vary by micro-area, so underwriting should rely on property-specific observations alongside these broader patterns, according to WDSuite’s market data.
Regional employment is anchored by technology, healthcare distribution, telecom logistics, and business services within commuting range, supporting renter demand and retention for workforce housing.
- Intel Folsom FM5 — semiconductors (19.6 miles)
- Cardinal Health — healthcare distribution (30.4 miles)
- DISH Network Distribution Center — telecom logistics (31.5 miles)
- Xerox State Healthcare — healthcare IT/services (34.4 miles)
- International Paper — packaging and paper manufacturing (34.7 miles)
Built in 1989, the asset is slightly newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still warranting targeted capital planning for aging systems. Elevated ownership costs in the area support renter reliance on multifamily housing, and neighborhood occupancy in the low 90s suggests steady operations rather than lease-up risk, based on CRE market data from WDSuite.
Within a 3-mile radius, households have been increasing and are projected to rise further, pointing to a gradually expanding tenant base. While local renter concentration is modest at the immediate neighborhood level, the broader catchment provides sufficient depth for leasing, with pricing power supported by the high-cost ownership market and tempered by below-average school ratings and uneven amenity density.
- High-cost ownership market supports rental demand and lease retention
- 1989 vintage offers competitive positioning with clear value-add/renewal pathways
- Stable neighborhood occupancy in the low 90s underpins income consistency
- Household growth within 3 miles expands the tenant base over time
- Risks: lower school ratings, lighter nearby amenities, and modest immediate renter concentration