| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 65th | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1211 N Caswell Ave, Southport, NC, 28461, US |
| Region / Metro | Southport |
| Year of Construction | 1989 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1211 N Caswell Ave, Southport NC Multifamily Investment
Owner-heavy housing and projected household growth suggest a steady renter base with measured pricing power, according to WDSuite’s CRE market data. Vintage 1989 construction points to competitive positioning versus older neighborhood stock with targeted modernization potential.
Southport’s A+ rated neighborhood (ranked 5th of 161 metro neighborhoods) offers strong livability fundamentals for a 25-unit asset at 1211 N Caswell Ave. Amenities score above national norms, with parks access in the top quartile nationally and food/retail options that are competitive among Myrtle Beach–Conway–North Myrtle Beach neighborhoods.
School quality stands out (9th of 161 metro neighborhoods; top quartile nationally), supporting family-oriented demand and lease retention dynamics. Cafes and restaurants rank 21st and 24th of 161 respectively, signaling day-to-day convenience without the congestion of core urban districts.
The local housing stock skews older (average vintage 1958 across the neighborhood), while the subject’s 1989 construction is newer than much of the immediate area—an advantage for competitive positioning. Neighborhood housing occupancy trends run softer than national benchmarks, which warrants attention to leasing cadence and seasonality in a coastal market context.
Within a 3-mile radius, demographics indicate recent population growth with a forecasted increase in households and smaller average household sizes. This points to a larger tenant base over time and supports occupancy stability for multifamily, provided unit mix and finishes align with demand.
Elevated home values relative to incomes (nationally strong value-to-income percentile) and a modest rent-to-income profile suggest a high-cost ownership market that can reinforce renter reliance on multifamily housing and support pricing discipline. However, the neighborhood’s renter-occupied share is relatively low, implying a shallower renter pool that rewards targeted marketing and product positioning.
Neighborhood-level crime data for this area are not available in the current release. Investors typically benchmark safety by comparing neighborhood trends to metro and national patterns and layering in property-level operating history. Ongoing monitoring and local diligence are prudent to contextualize resident experience and leasing risk.
Regional employment access is anchored by advanced manufacturing, offering commute-friendly options that can support workforce housing demand and lease retention for nearby multifamily.
- Corning Optical Fiber Wilmington — advanced manufacturing (23.6 miles)
This 1989-vintage, 25-unit property benefits from a high-performing suburban setting with strong schools and everyday amenities. The asset is newer than much of the surrounding housing stock, positioning it well versus older comparables while leaving room for targeted renovations to enhance renter appeal. According to CRE market data from WDSuite, the neighborhood’s ownership costs are elevated relative to incomes, which can sustain renter demand, while rent-to-income levels remain manageable.
Demographics within a 3-mile radius show recent population growth and projections for a notable expansion in households alongside smaller household sizes—signals that can expand the renter pool and support occupancy stability. The area’s lower renter concentration suggests a more selective tenant base, making product-market fit and leasing execution important, but it also can reduce direct competition among comparable multifamily assets.
- Newer-than-neighborhood vintage (1989) offers competitive positioning and value-add upgrade potential
- Strong schools and amenity access support retention and family-oriented demand
- High-cost ownership context reinforces multifamily reliance and measured pricing power
- 3-mile projections point to household growth and a larger tenant base over time
- Risk: lower renter concentration and softer occupancy trends require focused leasing and product fit