| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 60th | Good |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 65 Old Haw Creek Rd, Asheville, NC, 28805, US |
| Region / Metro | Asheville |
| Year of Construction | 1993 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
65 Old Haw Creek Rd Asheville Multifamily Investment
Renter-occupied housing is prevalent in the surrounding neighborhood, and elevated ownership costs locally help sustain multifamily demand, according to WDSuite s CRE market data. This positioning supports steady leasing for well-managed assets while allowing disciplined rent strategies as conditions evolve.
The property sits in an inner-suburban pocket of Asheville that ranks 16 out of 155 metro neighborhoods (top quartile among 155) with an overall neighborhood rating of A. For investors, this indicates solid fundamentals relative to the Asheville metro, with a tenant base supported by nearby services and steady demand drivers, per commercial real estate analysis from WDSuite.
Local living amenities are mixed but serviceable: restaurant density tracks above national norms (around the 72nd percentile), grocery access is close to the national middle, and parks score in the 71st percentile, while cafes and pharmacies are sparse. Average school ratings trend above national medians (73rd percentile), which can aid family retention and broaden the renter profile.
On housing dynamics, the neighborhood s renter concentration is high (ranked 2 of 155 metro neighborhoods), signaling a deep base of renter-occupied units and supporting multifamily demand depth. Neighborhood occupancy is currently below national norms, which may require more active leasing and renewal management; however, a higher share of renter-occupied housing can underpin a consistent prospect pipeline for well-positioned units.
Construction trends skew relatively recent for the area (average vintage 1990). With a 1993 build year, the asset is slightly newer than the neighborhood average, which can help competitive positioning versus older stock, while still warranting capital planning for aging systems and selective modernization to capture rent premiums.
Within a 3-mile radius, demographics show recent population growth and a projected increase in households, pointing to renter pool expansion. Rising incomes alongside a high-cost ownership market (home values around the 80th percentile nationally and a value-to-income ratio in the 94th percentile) tend to reinforce reliance on rental housing, while a relatively moderate rent-to-income profile locally supports lease retention and reduces turnover risk.
Safety indicators are mixed in a metro and national context. Within the Asheville metro, the neighborhood ranks 67 out of 155 on crime, placing it around the metro middle. Compared with neighborhoods nationwide, safety sits below the national median; however, year-over-year trend data shows meaningful declines in both property and violent offense rates, indicating improvement momentum according to WDSuite s market data.
Investors should balance present-day comparatives with these downward trends, framing underwriting with prudent operating assumptions and asset-level measures (lighting, access control, and resident engagement) rather than block-level conclusions.
Nearby employment is anchored by industrial and business services that support steady, commuting renter demand. The following employer reflects close-in access that can aid retention and weekday occupancy stability.
- Airgas Store industrial gases & supplies (1.7 miles)
This 20-unit, 1993-vintage asset in Asheville s inner suburbs benefits from a high share of renter-occupied housing nearby and a high-cost ownership market that supports reliance on rentals. According to CRE market data from WDSuite, neighborhood occupancy trends run below national medians, suggesting the need for active leasing and renewals; however, the deep renter base, above-median school ratings, and serviceable amenity access provide supportive fundamentals for stabilized operations.
The vintage is slightly newer than the area s average, offering competitive positioning versus older stock while leaving room for targeted modernization and operational upgrades. A moderate rent-to-income environment can support retention, and 3-mile demographics point to ongoing renter pool expansion, which can underpin occupancy stability over a multiyear hold.
- High renter-occupied share nearby supports tenant base depth and leasing visibility.
- 1993 vintage offers competitive positioning with potential value-add through selective modernization.
- Elevated ownership costs in the area reinforce reliance on multifamily housing and pricing power.
- Moderate rent-to-income profile aids retention and reduces turnover risk.
- Risk: Neighborhood occupancy runs below national medians; plan for active leasing management and concessions discipline as needed.