| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 16th | Poor |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 317 Caswell St, Burlington, NC, 27217, US |
| Region / Metro | Burlington |
| Year of Construction | 1998 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
317 Caswell St, Burlington NC Multifamily Opportunity
Neighborhood occupancy tracks around the national midpoint and an elevated renter-occupied share supports a broad tenant base, according to WDSuite’s CRE market data.
Located in Burlington’s inner-suburban fabric, the property sits in a neighborhood rated C+ where occupancy trends are near the national median and slightly below the Burlington metro median (ranked 31 out of 53 metro neighborhoods). The area exhibits a comparatively high renter-occupied share (88th percentile nationally), indicating deeper multifamily demand and potential for steadier leasing.
Vintage matters here: the average neighborhood construction year is 1962, while this asset was built in 1998. The newer vintage versus nearby stock suggests relative competitiveness and the potential to capture demand from residents seeking more modern systems and layouts, while still planning for routine modernization as the building approaches three decades in service.
Local amenity access is mixed. Grocery and pharmacy availability are competitive for the metro (both around the upper half to upper quartile nationally), while cafes, parks, and childcare options are sparse in the immediate area. For investors, this implies dependable daily-needs access but limited lifestyle amenities, which can influence unit mix positioning and marketing.
Neighborhood rent levels remain comparatively accessible, and the rent-to-income ratio sits near the national middle, pointing to manageable affordability pressure that can aid retention. Median home values in the area are lower than many national peers, which can introduce some competition from ownership; however, the renter concentration suggests durable reliance on multifamily housing. These takeaways are based on commercial real estate analysis from WDSuite at the neighborhood level, not property performance.
Within a 3-mile radius, demographics show recent population growth and increases in households, with projections indicating further growth and slightly smaller household sizes over the next five years. For multifamily investors, that combination supports a larger tenant base and reinforces demand for rental units, which may help sustain occupancy and leasing velocity over time.
Safety indicators are mixed when viewed against different benchmarks. Within the Burlington metro, the neighborhood’s crime rank is 11 out of 53 neighborhoods, signaling higher crime relative to the metro average. Nationally, property crime sits around the 58th percentile (safer than the national midpoint), while violent crime trends closer to the 40th percentile (less favorable than the national midpoint). Recent year-over-year declines in both violent and property offenses point to improving momentum, though investors should continue to monitor trends at the neighborhood scale rather than assuming block-level conditions.
Proximity to healthcare, apparel, and tech/pharma employers supports local renter demand and commute convenience, notably Laboratory Corp. of America, VF, Cisco Systems, Biogen, and IQVIA.
- Laboratory Corp. of America — healthcare diagnostics (1.4 miles) — HQ
- VF — apparel & footwear (19.3 miles) — HQ
- Cisco Systems — technology (36.3 miles)
- Biogen Idec — biotechnology (37.1 miles)
- Quintiles Transnational Holdings — life sciences services (37.8 miles) — HQ
This 21-unit asset built in 1998 offers relative competitiveness versus an older neighborhood stock profile (average vintage 1962), positioning it to capture demand from renters prioritizing more modern systems. Neighborhood occupancy is near national norms and just below the Burlington metro median, while renter concentration sits high by national comparison, suggesting a deeper tenant pool and steadier leasing. According to CRE market data from WDSuite, daily-needs access is solid (grocery and pharmacy), though lifestyle amenities are thinner, which can shape marketing and operations.
Within a 3-mile radius, recent population growth and an expected increase in households — alongside slightly smaller household sizes — point to a larger renter pool over time. Home values remain comparatively accessible versus national peers, which can introduce some competition with ownership; balanced against high renter-occupied share, this context still supports ongoing reliance on multifamily housing. Investors should underwrite routine modernization given the asset’s age and monitor neighborhood safety trends, which have shown recent improvement but remain a consideration within the metro context.
- Newer-than-neighborhood vintage (1998) offers relative competitiveness versus older local stock
- High renter-occupied share supports depth of tenant base and leasing stability
- Daily-needs access (grocery, pharmacy) with manageable rent-to-income dynamics aids retention
- 3-mile radius shows population and household growth, supporting demand for rental units
- Risks: thinner lifestyle amenities and metro-relative safety rank warrant conservative underwriting