| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 38th | Fair |
| Amenities | 13th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 30 Quarry Rd, Granite Falls, NC, 28630, US |
| Region / Metro | Granite Falls |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
30 Quarry Rd Granite Falls Multifamily Investment
Neighborhood occupancy is competitive for the metro and rents remain comparatively low, supporting retention and steady lease-up, according to WDSuite’s CRE market data. This rural Granite Falls location offers durable demand drivers for workforce housing while keeping pricing power calibrated to local incomes.
Granite Falls sits within the Hickory–Lenoir–Morganton, NC metro and this rural neighborhood posts occupancy that is competitive among Hickory–Lenoir–Morganton neighborhoods (ranked 39 out of 130), indicating stable renter demand at the neighborhood level. Rent-to-income is favorable (nationally high affordability in the low-80s percentile), which supports lease retention and reduces turnover risk for value-focused product.
Amenities are limited locally (amenities score in the lower national percentiles), so residents rely on regional retail and services. That said, the area’s housing context shows median home values below many coastal and gateway markets, which can temper upward rent pressure but also means multifamily competes with more accessible ownership options—an important consideration for pricing strategy and renewal management.
Within a 3-mile radius, the population has grown modestly over the past five years and is projected to expand further over the next five, pointing to a gradually larger tenant base. Household counts dipped recently but are forecast to rise alongside increases in average household size—signals that can sustain occupancy for well-managed properties as more residents consolidate or form larger households.
Renter-occupied housing represents a smaller share of units locally (neighborhood renter concentration is below half of units), which suggests a thinner—but potentially more stable—renter pool oriented to workforce households. For investors, this mix favors consistent occupancy at moderate rent levels rather than rapid rent growth, aligning with mid-1980s vintage assets that compete on value and reliability rather than top-of-market finishes.
Comparable neighborhood-level crime data is not available in this dataset. Investors commonly benchmark safety using county or metro trend comparisons and on-the-ground diligence to understand block-by-block dynamics over time.
Regional employment is anchored by large corporate operators reachable by highway, supporting commuting patterns that feed workforce rental demand. The employers below represent nearby anchors relevant to leasing stability for value-oriented units.
- Duke Energy — utilities (33.6 miles)
- Lowe's — corporate offices (36.7 miles) — HQ
30 Quarry Rd is a 40-unit, 1985-vintage multifamily asset positioned in a rural Granite Falls neighborhood where occupancy trends are competitive versus the metro and rents remain comparatively low. According to CRE market data from WDSuite, the neighborhood’s rent-to-income profile sits in a favorable national percentile for affordability, supporting retention and steady collections for value-oriented units.
Demographic indicators within a 3-mile radius point to modest population growth with forward projections for additional expansion, suggesting a gradually widening renter pool. The area’s home values are lower than many national benchmarks, which can limit near-term pricing power but reinforces a value proposition for well-maintained workforce housing. Given its 1985 construction, investors should underwrite routine capital needs and selective renovations to defend competitiveness against both older stock and entry-level ownership.
- Competitive neighborhood occupancy versus metro supports stable leasing
- Favorable rent-to-income profile indicates retention and collections resilience
- 1985 vintage offers value-add via targeted interior and systems upgrades
- Regional employers within commuting distance bolster workforce demand
- Risks: limited local amenities and lower renter concentration may cap rent growth