| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 26th | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1711 Whitsett St, Burlington, NC, 27215, US |
| Region / Metro | Burlington |
| Year of Construction | 1988 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1711 Whitsett St Burlington Multifamily Investment
Positioned in Burlington s inner-suburban fabric, the asset benefits from a renter-occupied housing base that is above the metro median and proximity to anchor employers, according to WDSuite s CRE market data. Neighborhood occupancy trends are stable relative to regional peers, supporting steady leasing and retention management.
This inner-suburb location offers daily-life convenience: grocery access ranks competitive among 53 Burlington neighborhoods and sits in the top quartile nationally, while restaurant density is also strong versus the metro and above the national median. Childcare availability is a standout locally (ranked near the top of the 53-neighborhood metro set and top quartile nationally), which can support family-oriented renter demand. By contrast, cafes, parks, and pharmacies are limited within the immediate neighborhood, suggesting residents rely on nearby corridors for those amenities.
The neighborhood carries a B rating and places above the metro median overall (ranked 22 of 53), indicating solid but not peak fundamentals among Burlington peers. Occupancy in the neighborhood tracks below the national median but is competitive within the metro, pointing to stable operations with typical seasonality. Importantly for multifamily demand depth, roughly half of housing units are renter-occupied, a concentration that is above the metro median and high in national terms, supporting a resilient tenant base for small to mid-sized assets.
Within a 3-mile radius, population and household counts have grown over the last five years, with projections indicating further population growth and a substantial increase in households by 2028. This trajectory implies a larger tenant base and supports occupancy stability and leasing velocity. Median household income has been rising in the 3-mile area, and neighborhood rent-to-income ratios sit on the lower end nationally, reinforcing near-term retention and price-sensitive rent growth management.
Vintage matters: the asset s 1988 construction is newer than the neighborhood s average 1974 housing stock, providing a relative competitive edge versus older comparables. Investors should still plan for selective modernization of aging systems and interiors to sharpen positioning against renovated inventory. Elevated value-to-income levels locally indicate a high-cost ownership market relative to incomes; that context tends to sustain reliance on rental housing and supports multifamily demand, as framed by commercial real estate analysis benchmarks.
Safety trends compare favorably within the region and land above the national median. The neighborhood s crime rank sits above the metro average (ranked 14 of 53), and national percentiles indicate comparative strength versus many U.S. neighborhoods. Recent trend data shows material year-over-year declines in both property and violent offense estimates, signaling improving conditions that can support resident retention and leasing.
As always, investors should evaluate block-level dynamics during site walks and consider property-level measures (lighting, access control, and resident engagement) to maintain performance aligned with these improving neighborhood trends.
The location draws on a diverse employment base anchored by life sciences and corporate services, supporting workforce housing demand and commute convenience. Key nearby employers include Laboratory Corp. of America, VF, Cisco Systems, Biogen, and Quintiles.
- Laboratory Corp. of America corporate offices (1.6 miles) HQ
- VF corporate offices (21.4 miles) HQ
- Cisco Systems corporate offices (33.6 miles)
- Biogen Idec corporate offices (34.4 miles)
- Quintiles Transnational Holdings corporate offices (35.2 miles) HQ
1711 Whitsett St offers exposure to a renter-heavy pocket of Burlington with steady neighborhood occupancy and convenience-driven amenities (strong grocery, restaurants, and childcare access). Based on CRE market data from WDSuite, the neighborhood s renter concentration sits above the metro median and the asset s 1988 vintage is newer than the area s 1970s-era average, suggesting competitive positioning with targeted upgrades.
Within a 3-mile radius, population growth and a projected increase in households point to a larger tenant base ahead, while relatively low rent-to-income levels support retention and disciplined rent growth strategies. Elevated ownership costs relative to incomes further reinforce reliance on rental housing, which can underpin occupancy stability for a 33-unit asset at this scale.
- Renter-occupied share above metro median supports durable multifamily demand
- 1988 construction provides a newer competitive set versus older neighborhood stock with value-add potential
- 3-mile population growth and projected household expansion bolster the future tenant base
- Lower rent-to-income levels aid retention and price-sensitive revenue management
- Risk: limited cafes/parks and below-national-median school ratings may influence tenant profile and marketing