| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Best |
| Demographics | 18th | Poor |
| Amenities | 41st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1525 Main St, Yanceyville, NC, 27379, US |
| Region / Metro | Yanceyville |
| Year of Construction | 1989 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1525 Main St Yanceyville Multifamily with Stable Renter Base
Neighborhood occupancy is competitive among Caswell County submarkets and renter demand is reinforced by a high share of renter-occupied units, according to WDSuite’s CRE market data. The property’s context supports steady leasing while leaving room for value-focused operations.
1525 Main St sits in an Inner Suburb neighborhood that ranks in the top quartile among 18 metro neighborhoods overall, signaling solid fundamentals for a 40-unit multifamily asset. Neighborhood occupancy is among the strongest locally (top quartile rank), which supports tenant retention and lease stability at the property level.
Livability is anchored by everyday conveniences: the neighborhood ranks above the metro median for grocery access and parks, and is competitive for childcare. Dining options are present, though cafes are limited, and pharmacy access is thinner than other parts of the metro. These dynamics indicate daily-need accessibility with fewer discretionary amenities, aligning with workforce-oriented renter demand.
Tenure data shows a high share of housing units that are renter-occupied (top decile nationally), indicating a deep tenant base and consistent multifamily demand. Median rents are low for the region, and the rent-to-income profile implies manageable affordability pressure for residents, which can aid lease renewals and reduce turnover risk.
The asset’s 1989 vintage is newer than the neighborhood’s average construction year (1979), providing a relative competitive edge versus older stock. Investors should still plan for targeted modernization of systems and finishes to support positioning and reduce near- to mid-term capital needs.
Within a 3-mile radius, demographic signals point to modest population growth and smaller household sizes over the past five years. Combined with a high-cost ownership landscape relative to local incomes, this supports sustained reliance on rental housing and a stable pipeline of renters for workforce-oriented units.
Neighborhood-level crime benchmarks are not available in the current dataset for this location. Investors typically contextualize safety by comparing neighborhood trends to county and metro patterns, evaluating property-level measures (lighting, access control), and reviewing recent trend reports from local agencies. Ongoing monitoring and operator best practices remain the prudent approach.
Regional employment is anchored by large corporate headquarters within commuting range, which can support renter demand for workforce housing tied to healthcare diagnostics and apparel.
- Laboratory Corp. of America — healthcare diagnostics (22.7 miles) — HQ
- VF — apparel & retail corporate (32.0 miles) — HQ
This 1989-vintage, 40-unit property benefits from a renter-heavy neighborhood with occupancy that ranks in the top quartile among 18 metro neighborhoods, supporting leasing durability and stable cash flows. Low headline rents and a balanced rent-to-income profile suggest manageable affordability pressure and potential for disciplined revenue management without overextending residents. According to CRE market data from WDSuite, local amenities skew toward daily needs (groceries, parks, childcare), aligning with workforce demand and aiding tenant retention.
Being newer than the neighborhood average, the asset should compete well against older stock, while targeted modernization can unlock value-add potential. Regional headquarters within commuting range add breadth to the renter pool, though limited discretionary amenities and lower local incomes warrant conservative underwriting and a focus on operational efficiency.
- Renter-heavy neighborhood and top-quartile occupancy support demand depth and lease stability.
- 1989 vintage is newer than area average, with value-add via selective upgrades.
- Daily-need amenities (grocery, parks, childcare) align with workforce housing and retention.
- Regional HQ employers expand the commuting renter base.
- Risks: thinner pharmacy/cafe options and lower incomes suggest conservative rent growth assumptions.