| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Best |
| Demographics | 44th | Good |
| Amenities | 28th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1317 W Wilson St, Tarboro, NC, 27886, US |
| Region / Metro | Tarboro |
| Year of Construction | 1984 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1317 W Wilson St Tarboro Multifamily Investment
Neighborhood-level occupancy remains steady and renter demand is supported by a high renter-occupied share, according to WDSuite’s CRE market data. For investors, the combination points to durable leasing with room to manage rents while preserving retention.
The property sits in an Inner Suburb of the Rocky Mount, NC metro with an A- neighborhood rating. Amenities skew practical over lifestyle: restaurants are comparatively dense (ranked 5th of 68 metro neighborhoods), while cafes, parks, and pharmacies are sparse, which suggests residents rely on nearby commercial corridors rather than walkable boutique options. For investors, this setup aligns with workforce housing demand and car-oriented living.
Neighborhood occupancy is 92.4%, and its rank (22 of 68) is competitive among Rocky Mount neighborhoods while roughly middle-of-the-pack nationally. Rents trend toward the lower end of the spectrum locally (median contract rent ranks 30 of 68; 19th percentile nationally), which—paired with a strong rent-to-income position—supports lease stability more than near-term pricing power. Home values sit in a higher value-to-income context for the area (ranked 2 of 68; 79th percentile nationally), a dynamic that tends to sustain multifamily demand as many households prioritize rental options over ownership.
Tenure patterns underscore demand depth: the neighborhood’s renter-occupied share ranks 14 of 68, placing it in a high national percentile. That renter concentration typically broadens the tenant base and can support occupancy resilience through cycles. Property vintage is 1984, newer than the neighborhood’s older housing stock (average year 1970), which can improve competitive positioning versus legacy assets, while still warranting selective modernization of systems and interiors.
Within a 3-mile radius, recent trends show a slight population dip alongside a small increase in households, pointing to smaller household sizes and a stable or expanding renter pool. Forward-looking projections indicate household growth over the next five years, which supports leasing fundamentals and measured absorption. These dynamics are consistent with findings from WDSuite’s commercial real estate analysis and suggest reliable, needs-based demand rather than discretionary, amenity-led decisions.
Safety indicators are mixed and should be evaluated in context. The neighborhood’s overall crime rank sits in the lower half of the metro (19 of 68), translating to conditions that are below the metro average for safety. Nationally, composite safety measures are near the middle (around the 46th percentile), while offense-specific indicators point to relatively better standing in property and violent categories compared with many neighborhoods nationwide. Recent-year changes show some volatility, so investors should underwrite prudent security measures and monitor trend direction.
This 50-unit, 1984-vintage asset in Tarboro offers a pragmatic workforce housing thesis: competitive neighborhood occupancy, a high renter-occupied share, and a rent-to-income profile that supports retention. The property’s newer-than-average vintage versus local stock provides a relative edge against older comparables, while targeted upgrades can unlock value-add potential without overreliance on luxury demand. Based on CRE market data from WDSuite, neighborhood rent levels and steady occupancy suggest durable cash flow orientation with measured upside.
Macro-to-micro signals point to a stable tenant base: household growth within 3 miles and a higher ownership cost context bolster reliance on rentals, while practical amenities and commute patterns favor needs-based leasing. Risks include modest lifestyle amenity depth and mixed safety trends, which argue for disciplined operations, thoughtful capex, and conservative lease-up assumptions.
- Competitive neighborhood occupancy and high renter concentration support steady leasing
- 1984 vintage is newer than area averages, with selective renovation and system upgrades offering value-add potential
- Rent-to-income positioning favors retention and measured rent management over time
- Household growth within 3 miles indicates a larger tenant base supporting occupancy stability
- Risks: limited lifestyle amenities and mixed safety trends warrant conservative underwriting and proactive operations