| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Fair |
| Demographics | 26th | Poor |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 222 Glenn Bridge Rd, Arden, NC, 28704, US |
| Region / Metro | Arden |
| Year of Construction | 1983 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
222 Glenn Bridge Rd, Arden NC Multifamily Value-Add
Neighborhood fundamentals point to stable renter demand supported by nearby amenities and a renter-occupied base, according to WDSuite’s CRE market data. The property’s 1983 vintage suggests potential value-add through targeted renovations while maintaining competitive positioning in the Asheville metro.
Arden sits within the Asheville, NC metro and this neighborhood is ranked in the top quartile among 155 metro neighborhoods (A- rating), per WDSuite. Amenity access outperforms much of the region, with restaurants, cafes, groceries, parks, and pharmacies comparing favorably to national benchmarks—supportive of day-to-day convenience that can aid leasing and retention.
Neighborhood renter concentration is meaningful: renter-occupied housing represents a sizable share of units, indicating a deeper tenant base for multifamily operators. At the same time, the neighborhood’s overall housing occupancy has trended softer in recent years; investors should underwrite lease-up and renewal strategies carefully, as this is a neighborhood-level signal rather than a property-specific metric.
Construction in the area skews newer than the subject’s 1983 vintage (average around the mid‑1990s), which implies renovation and systems upgrades at the asset could unlock competitive gains versus younger stock. Median contract rents in the surrounding area remain positioned to support workforce demand, while the rent-to-income backdrop suggests room for disciplined revenue management rather than aggressive pushes.
Within a 3-mile radius, population has expanded over the past five years and is projected to continue growing alongside an increase in households, pointing to a larger tenant base and added support for occupancy stability over time. Income trends in this radius have also moved higher, which can help sustain demand for well-maintained, professionally managed apartments.
Relative to U.S. neighborhoods, this area performs modestly better than average on overall safety metrics, according to WDSuite. However, property-related offenses remain a watch item at the neighborhood level, even as the most recent year showed a marked improvement. Violent offense rates sit below the national middle but also improved meaningfully year over year.
In the Asheville metro context (155 neighborhoods), recent trend improvements are a constructive signal, yet investors should still plan pragmatic onsite measures—lighting, access control, and resident engagement—to support retention and minimize loss-to-lease. These indicators describe neighborhood conditions, not the property specifically.
Proximity to regional employers supports commute convenience for workforce renters, with nearby industrial and distribution operations contributing to steady demand. The list below reflects representative employers in driving distance from the neighborhood.
- Airgas Store — industrial gases & supplies (7.0 miles)
This 46-unit, smaller-format asset offers a pragmatic value-add path in an amenity-rich inner suburban setting. Based on CRE market data from WDSuite, the neighborhood ranks competitively within the Asheville metro and shows improving safety trends, while a meaningful renter-occupied share and regional amenity density help support leasing. The 1983 construction vintage points to targeted capital planning—interiors, common areas, and building systems—to enhance positioning versus 1990s-era comparables.
Within a 3-mile radius, population and household growth are expected to expand the renter pool, reinforcing long-run demand. Neighborhood-level housing occupancy has been softer, so underwriting should emphasize disciplined lease management, resident services, and retention. With measured rent levels and rising local incomes, investors can focus on operational execution and selective upgrades rather than outsized rent lifts.
- Amenity-rich inner suburb with competitive metro standing supports day-to-day livability and leasing.
- 1983 vintage offers clear value-add and systems-upgrade opportunities versus newer neighborhood stock.
- Renter-occupied presence and expanding 3-mile population underpin tenant base depth and occupancy stability.
- Balanced rent-to-income context enables disciplined revenue management without relying on aggressive increases.
- Risk: Neighborhood-level housing occupancy is softer; plan for thoughtful lease-up, resident retention, and security measures.