| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Good |
| Demographics | 35th | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 Mercer Mill Rd, Elizabethtown, NC, 28337, US |
| Region / Metro | Elizabethtown |
| Year of Construction | 1981 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
700 Mercer Mill Rd Elizabethtown Multifamily Opportunity
Positioned in a top-ranked neighborhood with strong daily-needs access and a higher renter concentration at the neighborhood level, this asset offers steady tenant demand potential, according to WDSuite’s CRE market data.
The neighborhood carries an A rating and ranks 2 out of 26 within the Bladen County, NC metro set, placing it in the top quartile among metro neighborhoods. Daily-needs access is a relative strength: grocery, pharmacy, park, and restaurant availability each rank at or near the best in the metro, with national positioning that is mid-pack to above average. Investors should note thinner cafe and childcare coverage, which may modestly affect lifestyle appeal for some renter segments.
The local housing stock skews older on average (1972), while the subject property’s 1981 vintage is somewhat newer than the area norm. That can support competitive positioning versus older properties, though capital planning for aging systems and selective upgrades remains prudent for rent resilience and retention.
Neighborhood renter concentration is elevated (renter-occupied share ranks 2 of 26, above the national median), which typically supports a deeper tenant base for multifamily assets. At the same time, neighborhood occupancy trends sit below national norms, suggesting leasing may require active management and competitive amenities to maintain stability.
Ownership costs sit near national midpoints, implying rentals may face some competition from entry-level ownership. Median asking rents trend below national levels, which can aid retention and reduce affordability pressure while tempering immediate pricing power. These dynamics collectively point to steady workforce demand with pragmatic rent growth expectations.
Neighborhood safety signals are comparatively favorable in a national context: violent-offense rates align with the top percentile nationally, and property-offense levels are also in a strong percentile band. However, recent year-over-year trends indicate an uptick in property offenses, so prudent security measures and tenant communication are advisable. These observations reflect neighborhood-level patterns rather than block-specific conditions.
This 32-unit asset built in 1981 sits in one of the metro’s top-ranked neighborhoods, combining strong daily-needs access with an elevated renter concentration that supports multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy trends are softer than national benchmarks, so value is likely realized through hands-on leasing, competitive unit finishes, and disciplined expense control rather than aggressive rent uplift alone.
The 1981 vintage is newer than the area’s average stock, offering relative competitiveness against older assets while still calling for targeted capital planning to modernize systems and interiors. With ownership costs around national midpoints and rents below national norms, the submarket leans toward steady workforce housing dynamics, supporting retention and durable tenancy with measured rent growth expectations.
- Top-ranked neighborhood with strong daily-needs access supports leasing and retention
- Elevated neighborhood renter concentration indicates a deeper tenant base
- 1981 vintage offers competitive positioning versus older local stock with targeted upgrades
- Workforce-oriented rent levels aid affordability management and lease stability
- Risks: below-national neighborhood occupancy and recent property-offense uptick warrant active management