| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 55th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 725 E Haggard Ave, Elon, NC, 27244, US |
| Region / Metro | Elon |
| Year of Construction | 1995 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
725 E Haggard Ave Elon Multifamily Investment
Neighborhood occupancy is near 90% with a comparatively low rent-to-income burden, supporting retention and stable leasing, according to WDSuite’s CRE market data.
Located in a suburban pocket of Elon within the Burlington, NC metro, the area balances daily convenience with measured growth. Restaurants are comparatively dense for the metro and rank in the upper tier nationally, while grocery, childcare, and pharmacy access is solid for routine needs. Parks and cafes are limited nearby, so lifestyle appeal skews toward essentials rather than destination amenities.
The property’s 1995 vintage is slightly older than the neighborhood’s average construction year (1999). For investors, that age profile often points to targeted capital planning—common-area refreshes, in-unit updates, and system upgrades can enhance competitiveness versus newer stock while controlling scope.
Within the neighborhood, renter-occupied housing represents roughly a quarter of units, indicating a modest renter concentration. Aggregated within a 3-mile radius, renter share is closer to about one-third, suggesting a broader tenant pool for multifamily while still contending with a meaningful owner base. This mix typically supports steady demand for well-managed, well-located properties.
Demographics within a 3-mile radius show population and household growth over the last five years, with further increases projected. Rising household incomes and a rent backdrop that remains accessible by local standards point to manageable affordability pressures—favorable for lease retention and occupancy stability. Elevated home values relative to national norms create a high-cost ownership market, which can reinforce renter reliance on multifamily housing even as ownership remains prevalent.
Safety indicators present a mixed but readable profile. Compared with neighborhoods nationwide, violent offense rates track in a higher safety percentile, indicating comparatively favorable conditions. Property offense levels compare better than the national average as well, but the most recent year reflects a notable uptick that merits monitoring and risk controls.
Within the Burlington metro, the neighborhood’s crime rank indicates higher reported crime relative to many nearby neighborhoods. Investors should underwrite with pragmatic assumptions—prioritizing lighting, access control, and vendor security protocols—while recognizing that national comparisons for violent offenses remain favorable and recent trends show improvement on that measure.
The employment base spans healthcare diagnostics, apparel, and tech/pharma in the broader region—providing a diversified backdrop that supports renter demand and commute convenience for workforce tenants. Notable nearby employers include Labcorp, VF, Cisco Systems, and Biogen, along with IQVIA (Quintiles).
- Laboratory Corp. of America — healthcare diagnostics (3.2 miles) — HQ
- VF — apparel (17.2 miles) — HQ
- Cisco Systems — networking & technology (38.1 miles)
- Biogen Idec — biotech (38.9 miles)
- Quintiles Transnational Holdings — life sciences services (39.7 miles) — HQ
725 E Haggard Ave comprises 26 units in Elon, positioned in a suburban neighborhood where occupancy trends near 90% and renter demand is supported by a growing 3-mile population and household base. The area’s elevated home values and accessible rent levels suggest manageable affordability pressure for tenants, which can aid retention and stabilize collections. According to CRE market data from WDSuite, the neighborhood’s renter share is moderate, indicating depth from a broader commuting radius rather than heavy local concentration.
Built in 1995, the asset may benefit from targeted value-add upgrades to compete against slightly newer stock and capture durable demand. Nationally competitive restaurant density and solid daily conveniences add to livability, while the recent property-crime uptick in the metro context argues for pragmatic security measures and conservative underwriting.
- Occupancy near 90% with manageable rent-to-income burden supports retention and revenue stability.
- 3-mile population and household growth expand the tenant base and leasing pipeline.
- 1995 vintage offers value-add potential through targeted unit and system improvements.
- Elevated ownership costs nationally reinforce sustained renter demand for well-located multifamily.
- Risk: Metro-relative crime readings and recent property-crime volatility warrant security measures and cautious underwriting.