| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Good |
| Demographics | 37th | Poor |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 46 Actonwoods Rd, Candler, NC, 28715, US |
| Region / Metro | Candler |
| Year of Construction | 2003 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
46 Actonwoods Rd, Candler NC — 20-Unit Multifamily
Positioned in Asheville’s inner-suburban Candler, this 20-unit asset benefits from a renter base that skews higher than many metro peers, supporting tenant depth and leasing durability, according to WDSuite’s CRE market data.
Located in the Asheville, NC metro’s inner suburbs, the neighborhood earns an A- rating and ranks 37 out of 155 metro neighborhoods, indicating competitive positioning among Asheville submarkets for multifamily investors. Food and daily-needs access is reasonable for a suburban node, with restaurants and grocery options that track near or modestly above national midpoints, supporting day-to-day livability for residents.
Vintage matters: with a 2003 construction year versus a neighborhood average around the late 1990s, the property is somewhat newer than nearby stock. This can enhance competitive positioning against older properties while still warranting capital planning for mid-life building systems and strategic renovations to meet current renter expectations.
Tenure dynamics point to depth in the renter pool: the share of renter-occupied housing units in the neighborhood scores in a higher national percentile and is strong relative to many Asheville neighborhoods. For investors, that typically supports ongoing multifamily demand and helps underpin occupancy stability through cycles. By contrast, the neighborhood-level occupancy rate (a neighborhood metric, not this property’s performance) sits below national norms, suggesting leasing can be management-intensive and that thoughtful pricing and amenity upgrades may be important to drive absorption.
Within a 3-mile radius, demographics show population growth over the past five years with further gains projected through the current forecast horizon. Households are expected to increase, implying a larger tenant base and potential renter pool expansion that can support leasing and renewal activity. Income distribution has been shifting upward, which can support rents while still requiring attention to affordability thresholds to sustain retention.
Ownership context also supports rental demand. Elevated home values relative to local incomes (a higher national percentile for value-to-income ratio) point to a high-cost ownership market in this pocket of Buncombe County. For multifamily, that typically sustains reliance on rental housing and can reinforce pricing power, while the neighborhood’s rent-to-income ratio near national midpoints helps balance affordability pressure and renewal risk.
Safety indicators are mixed and should be considered in underwriting. The neighborhood’s overall crime rank sits roughly mid-pack among 155 Asheville neighborhoods, and national percentiles indicate safety levels below the national midpoint. However, according to WDSuite’s CRE market data, both estimated property and violent offense rates have declined year over year, signaling improving momentum even if absolute levels remain an investor consideration.
Practical takeaway: monitor trend durability and reflect conditions in marketing, security measures, and loss projections. Comparative positioning within the metro and recent downward trends can be constructive for long-term stabilization, but assumptions should remain conservative.
Nearby employment includes industrial distribution that supports blue-collar and technical roles, providing commute-convenient renter demand relevant to workforce housing in this inner-suburban node.
- Airgas Store — industrial gases and safety supplies (6.6 miles)
This 2003-vintage, 20-unit asset offers a competitive vintage edge versus much of the surrounding late-1990s stock, with scope for targeted value-add and systems modernization to sharpen positioning. The neighborhood exhibits a higher share of renter-occupied units relative to many Asheville peers, which supports depth of tenant demand; according to CRE market data from WDSuite, that renter concentration aligns with sustained multifamily usage even as the broader neighborhood occupancy metric trends below national norms.
Within a 3-mile radius, population has expanded recently and is projected to grow further, with households expected to increase—signals that typically translate into a larger renter base and support for leasing and renewals. Elevated ownership costs relative to income in this pocket of Buncombe County reinforce reliance on rental housing, while keeping an eye on affordability helps manage retention and pricing decisions.
- Competitive 2003 vintage versus older neighborhood stock, with clear value-add and modernization pathways.
- Higher renter-occupied share supports tenant depth and occupancy stability through cycles.
- 3-mile radius shows recent and projected growth in residents and households, expanding the prospective renter pool.
- Ownership costs elevated relative to income, reinforcing demand for multifamily versus buying.
- Risks: neighborhood-level occupancy is below national norms and safety percentiles are weaker; plan for active management, security, and disciplined underwriting.