| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 37th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Shipman Rd, Havelock, NC, 28532, US |
| Region / Metro | Havelock |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Shipman Rd Havelock Multifamily Investment
Stabilized renter demand in a suburban pocket of Havelock with top-quartile neighborhood positioning in the New Bern metro, according to WDSuite’s CRE market data. Near-term leasing should focus on retention and affordability to support steady collections.
Neighborhood fundamentals are competitive among New Bern, NC, with an A- rating and a rank of 12 out of 58 neighborhoods, placing it in the top quartile locally. Amenities are serviceable rather than destination-level: grocery and restaurant access track near national medians, with childcare, parks, and pharmacies slightly above national averages. School quality trends around mid-pack nationally (average rating near the middle of the distribution), which supports broad workforce appeal without commanding premium rents.
Renter concentration is meaningful for multifamily: neighborhood data indicate a substantial share of renter-occupied housing, and within a 3-mile radius renters represent a majority of occupied units. This depth of the tenant base supports ongoing leasing activity, though property-level results will depend on operations and positioning. Neighborhood occupancy trends sit below many metros today and have softened versus five years ago, so proactive lease management remains important for stability.
Within a 3-mile radius, demographic statistics show population contraction over the last five years, but household counts are projected to increase alongside smaller average household size. For investors, that points to a larger count of leasing households relative to residents, which can underpin tenant demand even as the area right-sizes demographically. Income levels have been rising and are projected to continue increasing, which can sustain rent growth and limit turnover risk when paired with disciplined underwriting.
Ownership costs in this submarket are comparatively accessible versus many U.S. markets. That can introduce competition from entry-level ownership options, but it also reinforces the role of well-managed rentals as flexible, more accessible housing. Current rent-to-income levels are near the national middle, suggesting modest affordability pressure and room for measured rent increases as operations and finishes warrant, supported by ongoing commercial real estate analysis from WDSuite.
Safety signals are mixed and should be interpreted comparatively. The neighborhood’s overall crime rank is 2 out of 58 within the New Bern metro, indicating weaker positioning versus local peers. At the same time, national percentiles suggest comparatively stronger outcomes than many neighborhoods nationwide: overall crime sits above the national median, with violent and property offense measures landing in the top quartile nationally for safety. Recent data also indicate a year-over-year decline in estimated property offenses, a constructive trend to monitor.
Investors should underwrite with standard precautions—lighting, access control, and resident engagement—while tracking whether the improving property offense trend persists. As always, block-level conditions vary; compare site-specific reports and historical operations when assessing risk-adjusted returns.
This 20-unit asset sits in a top-quartile neighborhood within the New Bern, NC metro, offering steady renter demand supported by a meaningful share of renter-occupied housing locally and within a 3-mile radius. Occupancy at the neighborhood level trails stronger metros and has softened versus five years ago, so the thesis centers on disciplined operations, resident retention, and careful renewal management rather than outsized rent pushes. According to CRE market data from WDSuite, income trends are improving and projected to rise further, which can support measured rent growth where product quality and service levels warrant.
Market context remains balanced: ownership is relatively accessible, creating some competitive pressure, yet the rental value proposition is durable for households prioritizing flexibility. Forecasts point to smaller household sizes and an increase in total households, which can expand the pool of leasing customers even as population right-sizes—supporting occupancy stability for well-run properties.
- Top-quartile neighborhood position in New Bern metro supports demand and liquidity
- Meaningful renter concentration locally and within 3 miles underpins tenant base
- Rising incomes and projected household growth support measured rent gains
- Operational upside via renewals, resident services, and cost control in a value-sensitive market
- Risks: softer neighborhood occupancy, accessible ownership options, and site-specific safety variation