| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 53rd | Good |
| Amenities | 38th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 130 W Crescent Square Dr, Graham, NC, 27253, US |
| Region / Metro | Graham |
| Year of Construction | 1992 |
| Units | 80 |
| Transaction Date | 2016-01-19 |
| Transaction Price | $4,975,000 |
| Buyer | Crescent Oaks Partners, LLC |
| Seller | --- |
130 W Crescent Square Dr, Graham NC Multifamily Opportunity
Positioned in an inner-suburban pocket of the Burlington metro with steady renter demand and competitive neighborhood occupancy, this asset offers income durability with potential to enhance operations, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb of the Burlington, NC metro with an A- neighborhood rating and a profile that supports workforce housing. Neighborhood occupancy is competitive among Burlington neighborhoods (13 of 53 overall; occupancy rank 18 of 53), pointing to stable leasing conditions at the submarket level rather than property-specific performance.
Daily-needs access is a relative strength: grocery and pharmacy density rank near the top of the metro (grocery rank 2 of 53; pharmacy rank 3 of 53), which supports renter convenience and retention. Lifestyle amenities are thinner within the immediate neighborhood (limited parks, cafes, and childcare), so many residents may rely on nearby corridors for leisure and services.
Rents in the neighborhood remain relatively attainable versus national patterns (around the mid-range nationally), helping sustain a broad tenant base and reduce turnover risk. The share of housing units that are renter-occupied is moderate, indicating a sufficient pool of prospective tenants without excessive concentration that could elevate volatility.
The asset’s 1992 construction is newer than the area’s average vintage (1973), providing a competitive edge versus older stock. Investors should still plan for targeted modernization of finishes and building systems to meet current renter expectations and support rent positioning.
Within a 3-mile radius, demographics show recent population and household growth, with projections indicating further expansion through the next five years. This trend points to a larger tenant base and supports occupancy stability and leasing velocity as more households enter the area.
Home values in the neighborhood are below many coastal and gateway markets, which, combined with mid-range rent-to-income levels, suggest manageable affordability pressure for renters. For owners, this backdrop can support retention and measured pricing power without overextending tenant budgets.
Safety metrics present a mixed picture. Within the Burlington metro, the neighborhood’s crime rank is 1 of 53, indicating higher crime levels relative to nearby neighborhoods. In the national context, however, WDSuite’s data place the area in an above-average safety percentile, and both violent and property offense rates show notable year-over-year declines. Investors should underwrite conservatively, focus on professional property management, and monitor ongoing trends at the neighborhood level rather than block-level snapshots.
Proximity to healthcare and corporate employers supports a diversified renter base and commute convenience, with notable anchors including Laboratory Corp. of America, VF, Cisco Systems, Biogen, and Quintiles (IQVIA).
- Laboratory Corp. of America — healthcare diagnostics (3.3 miles) — HQ
- VF — apparel & footwear (22.7 miles) — HQ
- Cisco Systems — networking & technology (32.0 miles)
- Biogen Idec — biotechnology (32.8 miles)
- Quintiles Transnational Holdings — life sciences services (33.7 miles) — HQ
130 W Crescent Square Dr offers a balanced income play in an Inner Suburb location where neighborhood occupancy trends are competitive for the Burlington metro. The 1992 vintage is newer than much of the surrounding stock, creating a sensible platform for targeted value-add upgrades to support rent positioning while maintaining a broad workforce tenant base. According to CRE market data from WDSuite, the neighborhood combines strong access to daily necessities with moderate rent levels, supporting retention and day-to-day livability.
Demand catalysts include a growing 3-mile renter pool, diversified nearby employment led by healthcare and large corporates, and above-average national safety positioning alongside recent declines in reported offense rates. Risks to consider are the neighborhood’s weaker intra-metro safety rank, lighter leisure amenity density, and typical capital needs associated with early-1990s construction.
- Competitive neighborhood occupancy supporting income stability
- 1992 vintage with clear value-add and systems-modernization pathways
- Daily-needs access (grocery/pharmacy) and diversified employer base nearby
- Expanding 3-mile population and households underpin tenant demand
- Risks: intra-metro safety rank, thinner leisure amenities, and capex for 1990s-era systems