| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 26th | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1212 Collins Dr, Burlington, NC, 27215, US |
| Region / Metro | Burlington |
| Year of Construction | 1985 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1212 Collins Dr Burlington NC Multifamily Investment
High renter concentration in the surrounding neighborhood supports depth of tenant demand and steady leasing conditions, according to WDSuite’s CRE market data. Neighborhood occupancy and pricing trends should be evaluated alongside property-level performance to confirm stability.
Located in Burlington’s inner-suburb fabric, the immediate neighborhood rates a B and is competitive among 53 Burlington neighborhoods (ranked 22 of 53). For investors, the area’s tenant base is reinforced by a high share of renter-occupied housing units, signaling a deeper pool of prospects for a 25-unit asset.
Daily-needs access is a local strength: grocery options rank competitively (7 of 53) with a national standing in the upper range, and restaurant density is similarly strong (7 of 53). Childcare access scores particularly well (2 of 53), which can support workforce housing appeal. By contrast, cafes, parks, and pharmacies are limited within the neighborhood footprint, which may reduce some lifestyle convenience relative to amenity-rich submarkets.
Neighborhood occupancy is below the Burlington metro median (ranked 40 of 53), so underwriting should emphasize current rent rolls and recent leasing velocity to confirm property-specific resilience. Still, renter-occupied share sits in a high national percentile, indicating demand depth that can support stabilized operations.
Within a 3-mile radius, demographic trends point to population growth and an increase in households over the past five years, with projections indicating further renter pool expansion by 2028. Elevated value-to-income ratios locally suggest a high-cost ownership market relative to income, which can sustain reliance on multifamily housing, while a relatively low rent-to-income profile supports retention and measured pricing power.
The property’s 1985 construction is newer than the neighborhood’s average vintage (1974). That positioning can offer a competitive edge versus older stock, though investors should still plan for targeted modernization and system updates to meet current renter expectations.
Safety signals are mixed in a way that warrants property-level diligence. The neighborhood trends slightly above the national median for safety (national percentile in the high 50s), yet within the Burlington metro its crime rank places it below the metro average (14 of 53), indicating comparatively higher incident exposure than many local peers.
Notably, recent year-over-year data show meaningful declines in both property and violent offense rates, placing these improvements among the stronger trends regionally and nationally. Investors may consider whether these improvements are sustained when evaluating risk, insurance costs, and security measures.
Nearby anchor employers shape a durable employment base that supports renter demand and commute convenience, including Laboratory Corp. of America, VF, Cisco Systems, Biogen, and Quintiles. Proximity to these firms can aid leasing, retention, and day-to-day occupancy management.
- Laboratory Corp. of America — healthcare diagnostics (1.0 miles) — HQ
- VF — apparel headquarters (20.4 miles) — HQ
- Cisco Systems — enterprise technology (34.6 miles)
- Biogen — biotechnology (35.3 miles)
- Quintiles Transnational Holdings — clinical research (36.2 miles) — HQ
1212 Collins Dr offers exposure to a renter-heavy neighborhood with strong daily-needs access and proximity to major employers. Based on CRE market data from WDSuite, the area shows high renter concentration, supportive grocery/restaurant density, and a value-to-income landscape that points to sustained reliance on rental housing. Neighborhood occupancy trails the metro median, so emphasis should be placed on in-place operations, renewal performance, and leasing cadence to validate stability.
The 1985 vintage positions the property newer than the local average, potentially reducing near-term systems capex versus older 1970s assets, while targeted updates can unlock value-add positioning. Within a 3-mile radius, population growth and rising household counts, paired with forward projections of additional renter pool expansion, support a long-term demand thesis. Affordability indicators suggest room for measured rent optimization balanced against retention.
- Renter-heavy neighborhood supports deep tenant base and leasing durability
- Strong access to groceries, restaurants, and nearby anchor employers
- 1985 vintage newer than local average, with potential for targeted value-add
- Affordability profile supports retention with disciplined, data-driven pricing
- Risks: neighborhood occupancy below metro median; limited parks/cafes/pharmacies require underwriting and amenity strategy