| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Fair |
| Demographics | 54th | Fair |
| Amenities | 83rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 127 Bartlett St, Asheville, NC, 28801, US |
| Region / Metro | Asheville |
| Year of Construction | 1998 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
127 Bartlett St Asheville Multifamily Investment
Renter concentration is high in the surrounding neighborhood and elevated ownership costs in Asheville support sustained demand for rental housing, according to WDSuite’s CRE market data. Positioning and management can focus on capturing steady renter demand rather than homeownership transitions.
This Inner Suburb neighborhood rates A (ranked 12 among 155 metro neighborhoods), placing it in the top quartile locally for overall livability. Dining, parks, and daily-needs access are competitive: restaurants and parks density are both strong by national comparison, and cafes, childcare, and pharmacies are also above U.S. norms. Schools average around 3.0 out of 5, a middle-of-the-pack result that supports broad renter appeal without being a primary demand driver.
The property’s 1998 vintage is newer than the neighborhood average construction year of 1969. For investors, that typically means fewer near-term capital items versus older stock, while still leaving room for targeted modernization of interiors and building systems to sharpen competitive positioning.
Tenure patterns point to a deep renter base: about half of housing units in the neighborhood are renter-occupied (above most U.S. areas), which generally supports leasing velocity and reduces dependence on in-migration alone for demand. At the same time, the neighborhood’s occupancy level is softer than national norms, so prudent lease management and differentiated amenities can be important to maintain stability.
Within a 3-mile radius, population has grown recently and is projected to continue expanding over the next five years, with households expected to increase and average household size trending higher. These trends indicate a larger tenant base and potential renter pool expansion, which can support occupancy. Median home values are elevated relative to incomes in this neighborhood (high value-to-income ratio), reinforcing reliance on multifamily rentals and supporting pricing power when product quality and location fundamentals are aligned. Median rent levels and rent-to-income suggest moderate affordability pressure; operators should balance rent growth with retention, using data-driven multifamily property research to segment demand.
Safety indicators for the neighborhood sit below metro and national averages, signaling a higher-than-typical incidence of reported offenses. However, recent year-over-year trends show meaningful improvement, with both violent and property offense rates declining at a pace that is competitive among Asheville neighborhoods. This directional shift can help leasing and retention, though underwriting should still account for perception risk and the need for visible security and resident engagement.
In metro context, the neighborhood’s safety rank sits below the metro median among 155 neighborhoods, while its national standing is also weaker than average. Investors should monitor trajectory and compare site-level measures to nearby comps; improving trendlines can mitigate risk, but outcomes vary by block and operator practice.
Nearby employment is anchored by light industrial and business services, supporting local renter demand through short commute times. The employers listed below reflect the most proximate corporate presence.
- Airgas Store — industrial gases & supplies (2.3 miles)
Built in 1998 with 48 units, the property is competitively newer than much of the surrounding stock, reducing near-term capital exposure while leaving room for selective upgrades to drive rent premiums. Neighborhood fundamentals include strong amenity access and a renter-occupied share around half of units, which supports a deep tenant base. According to CRE market data from WDSuite, neighborhood occupancy trends are softer than national averages, so execution should emphasize leasing discipline, product differentiation, and retention programming.
Within a 3-mile radius, recent population growth and a projected increase in households point to renter pool expansion. Elevated home values relative to incomes in the immediate neighborhood tend to reinforce reliance on multifamily rentals, supporting demand durability when balanced with moderate rent-to-income levels and thoughtful lease management. Safety metrics are improving but remain below broader benchmarks, a factor to underwrite alongside marketing and on-site measures.
- 1998 vintage offers relative competitive edge versus older neighborhood stock, with value-add potential through targeted upgrades
- Amenity-rich Inner Suburb location supports leasing velocity and resident retention
- Deep renter base and elevated ownership costs reinforce sustained multifamily demand
- Demographic tailwinds within 3 miles indicate a larger tenant pool over the next cycle
- Risks: below-average neighborhood occupancy and safety benchmarks require strong operations and prudent underwriting