| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Fair |
| Demographics | 33rd | Poor |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 W 11th St, Siler City, NC, 27344, US |
| Region / Metro | Siler City |
| Year of Construction | 2005 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 W 11th St Siler City Multifamily Investment
Neighborhood renter-occupied housing is meaningful and supports a stable tenant base, with pricing set against an accessible homeownership market, according to WDSuite’s CRE market data. Investors should expect steady workforce demand in a suburban setting within the Durham–Chapel Hill metro.
This suburban neighborhood sits within the Durham–Chapel Hill, NC metro and skews more renter-friendly than many peers, with a notable share of renter-occupied units at the neighborhood level that helps sustain the tenant pool and supports occupancy stability. Median rents in the neighborhood remain comparatively accessible relative to incomes, which can aid retention while still allowing disciplined rent management over time.
Local livability is mixed but functional for workforce housing: restaurant density is competitive for a smaller market, and grocery and pharmacy access track near the middle of national comparisons. Cafés and parks are limited, so lifestyle-driven amenities are less of a draw than day-to-day convenience. School quality stands out — the neighborhood’s average school rating ranks 1st out of 211 metro neighborhoods and sits in the top quartile nationally — a factor that can support family-oriented demand.
From an investment standpoint, neighborhood occupancy has softened versus five years ago and sits below many metro peers, which argues for conservative lease-up assumptions and active renewal management. At the same time, household incomes have trended upward and rent-to-income at the neighborhood level remains favorable, which can underpin leasing stability without overreliance on concessions.
Demographic statistics aggregated within a 3-mile radius indicate recent population and household growth, expanding the nearby renter pool. Forward-looking projections suggest households may continue rising even if total population trends level or decline, implying smaller household sizes and a potential tilt toward rental living — dynamics investors can underwrite for steady demand rather than outsized growth.
Comparable, neighborhood-level crime metrics are not available in WDSuite for this area, so investors should benchmark safety using county and metro sources and evaluate property-level measures. Many owners pair third-party data with onsite observations and local law enforcement reports to assess trends and inform operational planning.
Proximity to regional life sciences and corporate employers supports commuter demand and lease retention, with reachable drives to Labcorp, VF, Cisco Systems, Biogen, and IQVIA (Quintiles). These nodes help anchor employment for renters seeking value and manageable commute times.
- Laboratory Corp. of America — diagnostics & lab services (24.9 miles) — HQ
- VF — apparel & corporate offices (32.3 miles) — HQ
- Cisco Systems — networking & technology offices (34.5 miles)
- Biogen Idec — biopharma offices (35.2 miles)
- Quintiles Transnational Holdings — CRO & life sciences (37.1 miles) — HQ
320 W 11th St is a 72-unit 2005-vintage asset that is newer than the neighborhood’s average housing stock, positioning it competitively against older properties while still offering potential for targeted modernization as systems age. At the neighborhood level, renter-occupied share is meaningful and median rents remain accessible relative to incomes, supporting a broad tenant base and helping stabilize occupancy and renewals. School quality is a relative strength, and daily-needs amenities are adequate even if lifestyle amenities are thinner.
Based on CRE market data from WDSuite, neighborhood occupancy has eased versus five years ago, suggesting disciplined leasing and retention strategies are important. Home values are comparatively accessible in this submarket, which can introduce some competition from ownership; however, favorable rent-to-income dynamics and proximity to Triangle-area employment nodes support steady multifamily demand. Underwriting should balance operational upside from value-add execution with measured expectations on rent growth and lease-up pace.
- 2005 vintage provides relative competitive positioning versus older local stock, with selective renovation upside.
- Neighborhood renter concentration and accessible rents support depth of tenant demand and renewal stability.
- Strong school ratings and proximity to regional employers bolster long-term leasing fundamentals.
- Risks: softer neighborhood occupancy trends and limited lifestyle amenities warrant conservative lease-up and retention assumptions.