| 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 | 2006 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2680 S Mebane St Burlington Multifamily Opportunity
Amenity access and steady neighborhood occupancy suggest durable renter demand, according to WDSuite s CRE market data. Investors may find pricing power supported by mid-tier rents and a suburban location with strong daily conveniences.
The property sits in a suburban Burlington neighborhood rated A+ (ranked 3 of 53 metro neighborhoods), indicating competitive fundamentals within the metro. Restaurants and cafes are standout strengths restaurants per square mile rank 2 of 53 and cafes rank 1 of 53, both in the high-80s to low-90s national percentiles which helps drive daily foot traffic and supports leasing. Grocery and pharmacy access also test above most metro peers (grocery rank 5 of 53; pharmacy rank 9 of 53), offering convenience valued by renters.
Neighborhood occupancy is reported at 92.7%, near the Burlington metro median and modestly above national midpoints, with a positive five-year trend. That backdrop points to stable lease-up and retention for well-managed assets. Average school ratings are a relative strength (4.0 average; ranked 1 of 53), placing the area in the top quartile nationally and aiding family-oriented demand.
Livability is balanced by a few gaps investors should note. Park access and formal childcare centers are limited (both ranked 53 of 53), which can influence marketing mix and amenity programming for households with children. Even so, the neighborhood s restaurant, cafe, and grocery density typically offsets some of those trade-offs for many renter cohorts.
Within a 3-mile radius, household and income trends have been constructive for multifamily demand: population and households have grown over the past five years, and median household income has risen, expanding purchasing power for renters. Renter-occupied housing accounts for roughly 39% of occupied units in this 3-mile area, indicating a sizable tenant base and supporting ongoing demand depth for multifamily product.
Safety indicators for the neighborhood trend around the metro middle, with slightly higher property crime relative to national averages. The area s crime rank is 24 out of 53 Burlington neighborhoods, placing it somewhat below the metro median for safety, while national percentiles indicate mid-to-lower-tier safety compared with neighborhoods nationwide. Recent data also show incremental year-over-year improvement in estimated offense rates, which investors can view as a modestly positive directional signal.
As always, investors should evaluate property-level security, lighting, access control, and local policing coordination, as these measures can materially influence tenant experience and retention beyond neighborhood-level statistics.
Proximity to established life sciences and corporate employers supports workforce housing demand and commute convenience. Nearby anchors include Laboratory Corp. of America, VF, Cisco Systems, Biogen Idec, and Quintiles Transnational Holdings.
- Laboratory Corp. of America diagnostics & life sciences (2.5 miles) HQ
- VF apparel & footwear (18.8 miles) HQ
- Cisco Systems technology offices (35.9 miles)
- Biogen Idec biotechnology (36.7 miles)
- Quintiles Transnational Holdings clinical research (37.6 miles) HQ
Built in 2006, the asset is newer than the neighborhood s average vintage and should remain competitive versus older nearby stock, while investors may still plan for selective system updates and cosmetic refreshes over a long hold. Neighborhood occupancy sits near the metro median with a positive five-year trajectory, and income performance is competitive within Burlington (NOI per unit ranks near the top among 53 neighborhoods) even if it tracks closer to the middle nationally.
Within a 3-mile radius, population and household counts have increased, with projections indicating further household growth and smaller average household sizes trends that typically expand the renter pool and support occupancy stability. Rent-to-income levels are favorable for retention (around one-tenth of income), and, based on CRE market data from WDSuite, mid-tier neighborhood rents and improving fundamentals suggest room for disciplined revenue management rather than reliance on outsized growth assumptions.
- 2006 vintage offers competitive positioning versus older stock, with manageable modernization planning
- Neighborhood occupancy near metro median with positive trend supports leasing stability
- 3-mile area shows population and household growth, expanding the tenant base and supporting demand
- Favorable rent-to-income dynamics bolster renewal potential and pricing discipline
- Risks: limited parks/childcare amenities and safety metrics near metro middle may require targeted property-level measures