| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 37th | Poor |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 330 McCotter Blvd, Havelock, NC, 28532, US |
| Region / Metro | Havelock |
| Year of Construction | 1987 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
330 McCotter Blvd Havelock Multifamily Investment
Renter demand is supported by a sizable renter-occupied housing base and stable local services, according to WDSuite’s CRE market data. For investors, the area’s everyday amenities and workforce profile point to durable leasing, with room to optimize operations over time.
Located in Havelock within the New Bern, NC metro, the neighborhood ranks 12 out of 58 metro neighborhoods, which is competitive among New Bern neighborhoods and within the top quartile locally. This positioning suggests balanced fundamentals for a 44-unit asset with steady renter traffic and practical access to daily needs.
Livability is anchored by everyday conveniences such as groceries, parks, and pharmacies at levels that are comparable to many suburban submarkets. Average-rated schools in the area provide stability for family renters, while restaurants are available though not densely clustered. These patterns align with a workforce housing profile that typically supports retention and predictable leasing.
From a tenure perspective, WDSuite data indicates a meaningful share of housing units in the neighborhood are renter-occupied, and within a 3-mile radius a majority of housing units are renter-occupied. That depth of renter concentration points to a sizeable tenant base for multifamily owners and can help support occupancy through cycles. At the same time, home values are relatively accessible in context, which can introduce some competition from ownership options and warrants careful pricing and renewal strategies.
Demographic statistics aggregated within a 3-mile radius show recent population contraction alongside smaller average household sizes. Even with population trending down, households are expected to increase, which can expand the renter pool and support occupancy stability. In this context, thoughtful unit positioning and targeted amenities can differentiate the property versus older stock in the area, informed by multifamily property research.
Safety indicators present a mixed picture that investors should contextualize. Within the New Bern metro, the neighborhood’s crime rank is near the bottom (2 out of 58), indicating higher crime relative to local peers. Nationally, however, WDSuite data places the area in higher percentiles for both property and violent offense safety compared with neighborhoods nationwide, suggesting comparatively better outcomes at the national scale.
For underwriting, this means asset-level security measures, lighting, and resident engagement can be prudent line items, while the broader national positioning may mitigate perception risk for regional renters. Track multi-year trends rather than single-year swings when assessing long-term operating assumptions.
Built in 1987, the property is slightly newer than the neighborhood’s average vintage, offering competitive positioning versus older stock while leaving room for selective system upgrades and modernization. According to CRE market data from WDSuite, the surrounding neighborhood shows a meaningful renter-occupied housing base and solid day-to-day amenities, supporting demand resilience for a 44-unit community. Households within a 3-mile radius are expected to rise even as population trends soften, which can expand the tenant base and support occupancy stability.
Affordability remains a key dynamic: relatively accessible home values can temper pricing power but also reinforce the appeal of well-managed rentals for workforce households. Investors who lean into renewal management, modest value-add, and operating discipline can position the asset for steady performance while accounting for local safety differentials and evolving tenure patterns.
- Workforce renter base and daily-needs amenities support consistent leasing
- 1987 vintage provides competitive edge versus older stock with targeted upgrade upside
- Household growth within 3 miles expands the tenant base despite population softness
- Pricing strategy should account for relatively accessible ownership options
- Risk: Metro-relative crime rank and shifting tenure trends warrant security and leasing diligence