| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 37th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 326 McCotter Blvd, Havelock, NC, 28532, US |
| Region / Metro | Havelock |
| Year of Construction | 1983 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
326 McCotter Blvd Havelock NC Multifamily Opportunity
Neighborhood indicators point to a stable renter base and mid-market rents, according to WDSuite s CRE market data, supporting steady occupancy with room for operational improvement. Renter concentration ranks in the top quartile among 58 New Bern metro neighborhoods, signaling depth for leasing and renewals.
This suburban pocket of Havelock offers daily-living convenience with parks, pharmacies, and essential retail represented at or above mid-national levels, while cafes and boutique amenities are more limited. Average school ratings test slightly above the national midpoint and perform in the top quartile among 58 metro neighborhoods, a supportive factor for family-oriented demand.
Rents sit near the national midpoint and have trended upward over the last five years, while the neighborhood s occupancy rate is below national norms, suggesting operators should prioritize leasing execution and tenant retention strategies. The share of renter-occupied housing is in the top quartile locally, indicating a meaningful tenant base and potential for consistent absorption even as competition from nearby product persists.
The property s 1983 vintage is slightly newer than the neighborhood s average construction year (1980). That positioning can be competitive versus older stock, but investors should plan for targeted modernization and systems upgrades to support rentability and reduce future capital risk.
Demographics aggregated within a 3-mile radius show recent population contraction with smaller household sizes expected, yet a projected increase in total households. This dynamic can expand the pool of renting households even as overall population declines, supporting leasing velocity; however, it also places a premium on unit mix, pricing discipline, and renewal management. Median home values remain lower relative to many U.S. markets, which can introduce some competition from ownership options; the rent-to-income profile indicates moderate affordability pressure, favoring retention where service and upkeep are strong.
Based on WDSuite s CRE market data, the neighborhood s overall safety profile trends above the national median, with violent-offense conditions landing in the top quartile nationally and property-related incidents testing among the stronger national percentiles. Recent year-over-year data shows property incidents easing, which, if sustained, can support resident retention and stabilize operating performance.
As with any asset, investors should underwrite to submarket trends rather than block-level assumptions and monitor shifts relative to the broader New Bern metro. Comparative performance against national benchmarks is favorable today, but ongoing management, lighting, and access control remain important to preserve leasing strength.
Positioned in a renter-heavy Havelock neighborhood with mid-market rents, this 50-unit asset benefits from a sizable tenant base and room for operational upside. According to CRE market data from WDSuite, neighborhood occupancy trends trail national norms while renter concentration ranks in the top quartile locally , suggesting depth for leasing but a need for hands-on asset management to capture demand.
Built in 1983, the property is slightly newer than the neighborhood average, creating a practical platform for selective value-add: interior refreshes, curb appeal, and efficiency upgrades can enhance competitiveness versus older comparables. Demographic patterns within a 3-mile radius point to smaller households and a projected rise in total households, which can diversify the renter pool and support occupancy stability; owners should also consider potential competition from relatively accessible homeownership in underwriting.
- Renter-heavy area with top-quartile local renter concentration supports demand depth
- Mid-market rents and moderate rent-to-income support retention and pricing flexibility
- 1983 vintage offers value-add levers via modernization and systems updates
- Demographic shift toward smaller households (3-mile radius) can broaden renter pool
- Risks: submarket occupancy below national norms and potential competition from ownership