| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Fair |
| Demographics | 24th | Fair |
| Amenities | 20th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Village St, Bladenboro, NC, 28320, US |
| Region / Metro | Bladenboro |
| Year of Construction | 1988 |
| Units | 22 |
| Transaction Date | 2014-10-01 |
| Transaction Price | $893,000 |
| Buyer | HILL ESTATES LP |
| Seller | BRALDENBORO HOUSING ASSOCIATES |
200 Village St Bladenboro Multifamily Investment
Neighborhood fundamentals point to stable workforce renter demand and relatively low rents, according to WDSuite’s CRE market data, with a renter-occupied share that supports a consistent tenant base. Location dynamics are rural with essential services nearby, suggesting steady but measured leasing potential.
This rural Bladenboro location emphasizes everyday convenience over lifestyle amenities. Grocery and pharmacy access ranks near the top among 26 metro neighborhoods (top quartile), while restaurants, cafes, parks, and childcare are sparse. For investors, that mix supports daily needs but limits amenity-driven rent premiums.
Neighborhood occupancy trends sit below national norms (national percentile indicates softer occupancy), which calls for disciplined leasing and renewal management. At the same time, the share of housing units that are renter-occupied is comparatively high versus many U.S. areas (national percentile in the 70s), signaling a meaningful renter concentration that can underpin demand for well-managed multifamily.
Median home values are low relative to national benchmarks, which can create competition from ownership options and temper pricing power. In this context, maintaining value positioning and focusing on retention strategies becomes important for lease stability.
The property’s 1988 vintage is newer than the neighborhood’s average construction year of 1974, providing relative competitiveness versus older local stock. Investors should still plan for targeted modernization typical of late-1980s systems to support leasing and reduce near-term capex surprises.
School ratings in the area track below national averages, which may limit rent premiums tied to education quality. Overall neighborhood standing is above the metro median (ranked 11th among 26), indicating competitive positioning within Bladen County, according to CRE market data from WDSuite. Demographic statistics referenced are aggregated within a 3-mile radius.
Comparable safety insights at the neighborhood level are limited in the current dataset. Investors typically benchmark trends against county and metro patterns to gauge operating risk and retention implications. Without recent rank or percentile indicators for this neighborhood, a prudent approach is to review time-series crime data and property-specific history to contextualize on-site security, insurance costs, and leasing stability.
This 22-unit, late-1980s asset offers exposure to a renter-leaning housing base in a rural submarket where essential services are present but lifestyle amenities are limited. Based on CRE market data from WDSuite, neighborhood occupancy trails national norms, so returns will hinge on value positioning, hands-on leasing, and resident retention. The 1988 construction is newer than the local average, suggesting relative competitiveness versus older stock, with selective modernization likely to enhance curb appeal and reduce near-term maintenance risk.
Low regional home values can pull some demand toward ownership, so underwriting should assume measured rent growth and prioritize operational execution. Balancing competitive rents with service quality, and targeting workforce renters who value convenience to daily needs, can support steady occupancy and controlled turnover.
- Renter concentration supports demand depth for a well-managed multifamily asset.
- 1988 vintage offers a competitive edge over older neighborhood stock with targeted upgrades.
- Essential services nearby (grocery, pharmacy) aid daily convenience and retention.
- Risk: below-national occupancy and limited amenities require disciplined leasing and resident services.
- Risk: low ownership costs locally can compete with rentals, moderating pricing power.