| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Poor |
| Demographics | 17th | Poor |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1025 Grace Ave, Burlington, NC, 27217, US |
| Region / Metro | Burlington |
| Year of Construction | 1984 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1025 Grace Ave Burlington Multifamily Opportunity
Renter-occupied housing is elevated in the surrounding neighborhood, supporting a stable tenant base and steady leasing, according to WDSuite’s CRE market data. Occupancy at the neighborhood level has improved in recent years, suggesting resilient demand even as incomes trend below broader metro levels.
Located in Burlington’s inner-suburb fabric, the property sits in a neighborhood with competitive access to daily needs: grocery and restaurant density ranks near the top among 53 Burlington neighborhoods, while parks, pharmacies, and cafes are limited. This mix points to everyday convenience that supports retention, even if lifestyle amenities are thinner than core urban submarkets.
Neighborhood renter concentration is high (share of housing units that are renter-occupied ranks in the upper tier locally), which deepens the prospective tenant pool and can help stabilize occupancy. At the same time, neighborhood rents sit in lower national percentiles, which can aid lease-up but may limit near-term pricing power compared with higher-barrier metros.
Within a 3-mile radius, demographics indicate recent population and household growth, with projections calling for further increases and slightly smaller household sizes. For investors, this points to a larger tenant base over the medium term and potential support for occupancy stability as more households form and more renters enter the market.
Home values in the immediate area are modest by national standards, which can introduce some competition from ownership options. However, the elevated renter share and improving neighborhood occupancy suggest multifamily remains an essential housing choice locally, particularly for workforce households.
Safety metrics for the neighborhood are competitive among Burlington neighborhoods (ranked against 53 areas) and roughly around the national middle, based on WDSuite’s data. Recent year-over-year trends indicate declines in both property and violent offenses locally, which is constructive for long-term leasing stability. As with any submarket, investors should monitor trajectory rather than single-year readings.
Nearby employers span healthcare diagnostics, apparel, networking, biotechnology, and clinical research—an employment base that supports workforce housing demand and commute convenience for tenants.
- Laboratory Corp. of America — diagnostics (0.9 miles) — HQ
- VF — apparel (21.2 miles) — HQ
- Cisco Systems — networking (34.2 miles)
- Biogen Idec — biotechnology (35.0 miles)
- Quintiles Transnational Holdings — clinical research (35.8 miles) — HQ
Built in 1984, the 22-unit property is newer than much of the neighborhood’s housing stock, offering a competitive position versus older assets while leaving room for programmatic upgrades to systems and interiors over time. The surrounding neighborhood shows elevated renter concentration and improving occupancy, indicating durable multifamily demand at attainable rent levels. Proximity to major employers across diagnostics, technology, and life sciences adds depth to the tenant base and supports retention.
Within a 3-mile radius, recent gains in population and households—and projections for further growth—point to continued renter pool expansion. According to CRE market data from WDSuite, neighborhood-level occupancy has trended upward, while local rents remain relatively accessible nationally, supporting lease-up and renewal performance even if rent growth must be managed prudently.
- 1984 vintage offers competitive positioning versus older neighborhood stock, with potential for targeted value-add.
- Elevated renter-occupied share supports a deeper tenant base and occupancy stability.
- Strong nearby employer base across healthcare, tech, and life sciences underpins leasing demand.
- Demographic growth within 3 miles signals ongoing renter pool expansion.
- Risks: more modest household incomes and limited park/cafe amenities may temper rent growth and lifestyle appeal; asset performance depends on execution and ongoing market trends.