| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 22nd | Poor |
| Demographics | 24th | Poor |
| Amenities | 28th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Eden Ct, Rocky Mount, NC, 27801, US |
| Region / Metro | Rocky Mount |
| Year of Construction | 1983 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Eden Ct Rocky Mount Multifamily Investment
Positioned in a renter-heavy pocket of Rocky Mount, this 50-unit, 1983 vintage asset offers durable workforce demand with operational upside, according to WDSuite’s CRE market data.
Located in a rural-leaning part of Rocky Mount, the property sits within a neighborhood rated C+ where renter-occupied housing is comparatively prevalent. The neighborhood’s renter concentration ranks 13 out of 68 metro neighborhoods — competitive among Rocky Mount neighborhoods — and sits in a high national percentile, indicating a deeper tenant base that can support leasing stability for multifamily owners.
Local housing stock skews older (average vintage 1956), while the subject a 1983 build a is newer than much of the immediate inventory. For investors, that suggests relative competitiveness versus older properties, with potential to capture value through targeted modernization of unit interiors and aging systems rather than full-scale repositioning.
Amenities in the immediate area are limited for cafes, restaurants, and parks, while essential services such as groceries, childcare, and pharmacies are present at moderate levels. Compared with national performance, amenity access trends lower, which places more weight on on-site features and management practices to support retention.
Neighborhood occupancy is weaker relative to many areas in the metro (ranked 66 of 68), which warrants conservative underwriting on lease-up velocity. Even so, the broader 3-mile radius shows a sizable renter pool and gradual population growth, with WDSuite-aggregated demographics indicating a projected increase in households by 2028. This outlook, if realized, would expand the local renter base and support absorption.
Home values benchmark well below national norms, and rent-to-income ratios remain comparatively manageable. In investor terms, a high-cost ownership barrier is not the driver here; instead, pricing power will hinge on operational execution and product differentiation rather than displacement from for-sale alternatives.
Safety conditions track near the national middle, with the neighborhood ranked 18 out of 68 within the Rocky Mount metro. Recent trends are constructive: both violent and property offense rates have declined meaningfully year over year, placing the area in a stronger improvement percentile nationally. For investors, the direction of change is favorable, though current levels still call for standard property-level security practices and resident engagement.
The 1983 vintage provides a relative edge versus older neighborhood stock while leaving room for focused value-add. A renter-heavy catchment (3-mile radius) and projected increases in households point to a durable tenant base, supporting occupancy stabilization with disciplined operations. According to CRE market data from WDSuite, neighborhood occupancy trends run softer than many local peers, suggesting prudent leasing assumptions and emphasis on retention. Essential services are accessible, but limited lifestyle amenities put a premium on on-site offerings and management quality.
Overall, the thesis centers on durable workforce demand, modernization-driven rent lift, and operational discipline rather than market momentum. Affordability levels and a broad renter pool underpin demand depth, while the main risks include submarket occupancy softness and fewer nearby amenities, which can lengthen lease-up and increase turnover if not offset by property improvements.
- 1983 vintage is newer than much of local stock, enabling targeted value-add instead of full repositioning.
- Large renter base within 3 miles and projected household growth support demand and occupancy stability.
- Manageable rent-to-income dynamics offer room for operationally driven pricing gains.
- Essential services are present; on-site amenities and management can differentiate versus limited local lifestyle options.
- Risk: neighborhood occupancy ranks near the bottom of the metro; underwriting should assume slower lease-up and emphasize retention.