| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 53rd | Good |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 915 Tucker St, Burlington, NC, 27215, US |
| Region / Metro | Burlington |
| Year of Construction | 2003 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
915 Tucker St Burlington NC 21-Unit Multifamily
Neighborhood occupancy is steady and renter demand is supported by a majority renter-occupied housing mix, according to WDSuite s CRE market data. For investors, this points to durable leasing with room to optimize operations as the submarket continues to mature.
Located in Burlington s inner suburb, the property sits in a neighborhood rated A - and ranked 10 out of 53 metro neighborhoods, indicating competitive fundamentals among Burlington peers. Local occupancy trends are healthy and above the metro median, and the renter-occupied share of housing units is high for the area, signaling a deep tenant base and stable leasing.
Everyday convenience is a relative strength: restaurants are dense (top decile locally and strong nationally), with grocery and pharmacy access also ranking near the top among 53 Burlington neighborhoods. By contrast, parks, cafes, and childcare options are limited within the immediate area, so residents may rely on nearby districts for those amenities.
Vintage matters for competitiveness. With construction in 2003, the asset is newer than the neighborhood s average stock (1950s era), supporting positioning versus older comparables while still warranting targeted updates as systems age. This balance can translate to manageable capital planning with selective value-add.
Demographic indicators aggregated within a 3-mile radius show population and household counts have risen over the last five years and are projected to continue growing through 2028, which supports renter pool expansion and occupancy stability. Median home values and a higher value-to-income ratio in the neighborhood point to a high-cost ownership market relative to local incomes, reinforcing reliance on multifamily rentals and aiding lease retention.
School quality scores in the neighborhood track below national norms, which may modestly limit appeal for family renters; however, workforce-oriented demand drivers and proximity to daily needs help sustain consistent renter interest.
Safety indicators are mixed but improving in key areas. The neighborhood s overall crime rank sits in the competitive range within Burlington (ranked 21 of 53 neighborhoods), while its national safety positioning is near the middle of U.S. neighborhoods. Property-related offenses show a notable year-over-year decline, placing this improvement trend in the top quartile nationally, which is a constructive sign for investor confidence.
Violent offense rates track closer to the metro middle and remain below stronger national percentiles, and recent data show some uptick. Prudent operators typically plan for ongoing monitoring, resident engagement, and basic site-level measures to support retention and risk management.
The area draws from a diversified employment base that supports workforce housing demand and commute convenience, led by life sciences, apparel, and technology. Notable nearby employers include Laboratory Corp. of America, VF, Cisco Systems, Biogen, and Quintiles (IQVIA).
- Laboratory Corp. of America diagnostics & life sciences (0.9 miles) HQ
- VF apparel & footwear (20.3 miles) HQ
- Cisco Systems networking & enterprise technology (34.8 miles)
- Biogen Idec biotechnology (35.5 miles)
- Quintiles Transnational Holdings contract research organization (36.4 miles) HQ
This 21-unit, 2003-vintage asset offers a balanced mix of durability and value-add potential. Neighborhood occupancy is competitive among Burlington submarkets, and the renter-occupied share of housing units is elevated, indicating depth in the tenant base. According to CRE market data from WDSuite, local daily-needs access (grocery, pharmacy, restaurants) is a relative strength, which supports retention and leasing stability.
Newer construction versus much of the surrounding 1950s-era stock enhances competitive positioning while leaving room for targeted modernization to drive rent and expense performance. Within a 3-mile radius, recent and projected gains in population and households point to a larger renter pool, while elevated home values relative to incomes reinforce reliance on multifamily rentals a constructive backdrop for steady occupancy and disciplined pricing.
- Competitive neighborhood occupancy and a majority renter-occupied housing mix support demand depth
- 2003 vintage provides operational durability with selective value-add and systems upgrades
- Strong access to daily needs (restaurants, grocery, pharmacy) aids retention and leasing
- 3-mile population and household growth expand the renter pool, supporting occupancy stability
- Risks: lower school ratings and mixed safety signals warrant active management and resident engagement