| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Best |
| Demographics | 33rd | Fair |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 621 Nolan Ave, Whiteville, NC, 28472, US |
| Region / Metro | Whiteville |
| Year of Construction | 2001 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
621 Nolan Ave Whiteville NC Multifamily Investment
Neighborhood data points to strong renter concentration and serviceable daily conveniences that can support occupancy stability at the neighborhood level, according to WDSuite s CRE market data. Focused asset management and value-forward positioning should align with local demand drivers rather than premium finishes.
The immediate neighborhood ranks 4th out of 42 metro neighborhoods (A-rated, Suburban), placing it in the top quartile locally for overall fundamentals. Restaurant and pharmacy access score among the strongest in the metro (each ranked 1 of 42), with national positioning around the middle-to-upper tiers, while coffee, childcare, and grocery options are relatively sparse (ranks near the bottom of 42). For investors, this mix suggests day-to-day convenience anchored by essentials, but limited lifestyle variety within close proximity.
At the neighborhood level, occupancy trends sit below the metro median and in a low national percentile, indicating that steady leasing attention remains important for maintaining performance. In contrast, renter concentration is high (ranked 1 of 42; top national percentile), signaling a deep tenant base and reinforcing multifamily demand durability for appropriately priced product.
Homeownership remains a high-cost proposition relative to local incomes (value-to-income ratio ranked 1 of 42; top national percentile), which typically sustains reliance on rental housing and can support lease retention. At the same time, median contract rents benchmark toward the lower end nationally, keeping rent-to-income burdens comparatively modest; for owners, this combination can aid renewal strategies while supporting consistent absorption for workforce-oriented units.
The property s 2001 vintage is newer than the neighborhood s older housing stock (average 1957). That positioning can be competitively favorable versus legacy assets, though investors should still budget for targeted system updates and modernization to support pricing power without over-improving for the submarket.
School ratings score better than most metro peers (ranked 5 of 42) but trail national averages, a nuance that often matters more for family-driven tenancy than for smaller-unit mixes. Parks access ranks near the top locally with a solid national percentile, contributing to livability for residents seeking outdoor space without requiring major rent premiums.
Comparable neighborhood safety metrics are not available in WDSuite for this location. Investors typically benchmark county and metro trends, review recent incident trajectories, and pair underwriting with practical property-level measures (lighting, visibility, and access controls) to support resident experience and retention.
Anchor employer proximity data with verified distances is not available in WDSuite for this address at this time. Investors may consider commuting patterns to county institutions and regional employment hubs during diligence to assess depth of demand.
621 Nolan Ave offers a workforce-oriented multifamily profile in a neighborhood that ranks in the top quartile locally, with daily essentials nearby and a renter base that is among the strongest in the metro. According to CRE market data from WDSuite, neighborhood occupancy trends require attentive leasing, but elevated ownership costs relative to income and comparatively modest rent burdens can support renewal strategies and demand resilience for appropriately positioned units.
Built in 2001, the asset s vintage is relatively modern versus area housing stock, which can help competitive standing against older properties. Targeted capital planning around aging systems and common-area refreshes may unlock value without overshooting local willingness to pay, given the neighborhood s positioning versus national benchmarks.
- Strong renter concentration (top of 42 metro neighborhoods) supports a deep tenant base
- Ownership costs high relative to incomes reinforce reliance on rental housing and lease retention
- 2001 construction offers competitive positioning versus older stock with targeted modernization upside
- Daily essentials nearby (restaurants, pharmacies, parks) enhance livability without premium pricing
- Risk: Neighborhood occupancy is below metro median, requiring proactive leasing and renewal management