| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 67th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2680 S Mebane St, Burlington, NC, 27215, US |
| Region / Metro | Burlington |
| Year of Construction | 2005 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2680 S Mebane St Burlington Multifamily Investment
Competitive neighborhood occupancy and steady renter demand are supported by strong nearby amenities and schools, according to WDSuite’s CRE market data. The submarket s fundamentals point to stable leasing with room for selective value-add to enhance returns.
Located in a suburban pocket of Burlington, the neighborhood scores an A+ and ranks 3rd among 53 metro neighborhoods, signaling competitive fundamentals for multifamily investors. Occupancy is above the metro median and has trended higher over the last five years, supporting expectations for leasing stability rather than outsized volatility.
Amenity access is a clear strength: restaurant and caf e9 density ranks 2nd and 1st, respectively, among 53 Burlington neighborhoods and sits in the top decile nationally. Grocery access is also competitive at 5th of 53 and well above national norms. Offsetting this, formal parks and childcare options are sparse within the neighborhood (both near the bottom of the metro and low nationally), which may influence family-oriented demand profiles.
Schools are a positive differentiator: the average school rating is the highest in the metro (1st of 53) and places in the top quartile nationally, a tailwind for tenant retention and leasing velocity. Median household incomes in the neighborhood are around the metro median and rising, while rent-to-income levels indicate moderate affordability pressure—conditions that can support pricing power without materially elevating near-term retention risk.
Within a 3-mile radius, the population and household counts have grown in recent years and are projected to continue expanding by 2028, even as average household size trends lower. A meaningful share of housing units are renter-occupied (around two-fifths), signaling a sizable tenant base. For investors, these dynamics imply continued depth of demand and support for occupancy stability.
Vintage matters: with a 2005 construction year versus a neighborhood average closer to the late 1990s, the asset is newer than much of the local stock. That positioning can aid competitiveness versus older properties, while still warranting capital planning for mid-life systems and targeted modernization to capture value-add upside.
Safety indicators are mixed and should be evaluated in context. The neighborhood s crime rank sits near the metro median (24th among 53 Burlington neighborhoods), and national percentiles point to below-median safety compared with U.S. neighborhoods. Recent trends show slight year-over-year declines in both violent and property offenses, which is constructive but not definitive; prudent operators typically reflect this in security planning and resident experience initiatives.
Proximity to healthcare, apparel, and technology employers supports a diversified renter base and commute convenience from this location. Notable nearby employers include Laboratory Corp. of America, VF, Cisco, Biogen, and IQVIA.
- Laboratory Corp. of America healthcare diagnostics (2.4 miles) HQ
- VF apparel & lifestyle brands (18.8 miles) HQ
- Cisco Systems technology (35.9 miles)
- Biogen Idec biotechnology (36.7 miles)
- Quintiles Transnational Holdings life sciences services (37.6 miles) HQ
This 120-unit, 2005-vintage asset benefits from a high-performing Burlington neighborhood where occupancy trends are above the metro median and amenity access is notably strong. Top-ranked schools and proximity to anchor employers bolster retention and leasing stability, while moderate rent-to-income dynamics suggest room for measured rent growth. Based on CRE market data from WDSuite, local demand patterns and rising incomes support a durable tenant base.
Relative to older local stock, 2005 construction provides a competitive starting point; targeted upgrades and mid-life system planning can unlock value-add potential. Key watch items include limited park and childcare infrastructure, crime measures that track near the metro median, and homeownership costs that are comparatively accessible—factors that may shape demand mix and pricing strategy rather than undermine it.
- Competitive neighborhood fundamentals with above-median occupancy and strong amenity access
- 2005 vintage offers relative competitiveness with targeted value-add and capex planning potential
- Diversified employer base nearby supports depth of renter demand and retention
- Moderate rent-to-income levels provide pricing power while supporting lease stability
- Risks: limited parks/childcare, crime near metro median, and accessible ownership options may temper rent growth