| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Poor |
| Demographics | 30th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 225 W River Rd, Louisburg, NC, 27549, US |
| Region / Metro | Louisburg |
| Year of Construction | 1978 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
225 W River Rd, Louisburg NC Multifamily Opportunity
Positioned in the Raleigh–Cary metro, this 30-unit asset benefits from a high renter-occupied presence in the neighborhood and a high-cost ownership backdrop that tends to support rental demand, according to WDSuite’s CRE market data.
Louisburg’s suburban setting offers day-to-day convenience with grocery, pharmacy, parks, and dining access ranking around the national median to modestly above it. Neighborhood schools stand out at the very top of the national distribution (top percentile), a quality-of-life factor that can aid leasing and retention for family-oriented product.
Vintage matters: the property was built in 1978, which is newer than the neighborhood’s average construction year (1970). That relative youth can be competitive versus older stock while still warranting targeted modernization plans for building systems and interiors to enhance rent positioning.
From an investor lens, the neighborhood shows a meaningful renter-occupied share. The neighborhood’s renter concentration ranks 36 out of 331 metro neighborhoods (top quartile among 331), indicating a deep tenant base to draw from. By contrast, the neighborhood’s occupancy level has trended softer in recent years and sits below the metro median, suggesting the need for active leasing and asset management to maintain stability.
Within a 3-mile radius, demographics point to a growing tenant base over the historical period with forecasts calling for substantial population and household growth through 2028, supporting renter pool expansion. Median contract rents in the area remain relatively accessible compared with large-metro benchmarks, which can help widen the prospect base, while the high value-to-income ratio (upper-national percentile) signals a high-cost ownership market that tends to reinforce reliance on multifamily housing.
Safety indicators are mixed but generally favorable in a national context. Overall crime performance sits above the national median (mid-60s percentile), and violent offense measures are notably strong, landing in the top decile nationally. These trends suggest comparatively resilient conditions versus many U.S. neighborhoods.
Investors should note recent volatility in property offense trends, which showed a sharp year-over-year increase despite being positioned in a safer-than-average national percentile overall. Monitoring trend direction and coordinating with property management on lighting, access control, and resident engagement remain prudent steps.
Regional employment depth from Research Triangle Park and surrounding corporate campuses supports commuter demand. The following employers within roughly 33–37 miles provide a diversified white-collar base relevant to retention and leasing.
- MetLife — insurance operations (33.1 miles)
- Quintiles Transnational Holdings — life sciences services (33.3 miles) — HQ
- Amerisource Bergen — pharmaceutical distribution (33.5 miles)
- John Deere Morrisville Training Center — manufacturing training (34.0 miles)
- Biogen Idec — biotechnology offices (35.3 miles)
This 1978-vintage, 30-unit property leverages a neighborhood with strong renter concentration and school quality, plus regional job access from the Triangle. Neighborhood occupancy has softened versus metro norms, but rents remain comparatively accessible and the local ownership market is high-cost, a combination that can sustain multifamily demand and support steady leasing with the right management plan. Based on CRE market data from WDSuite, the area’s overall positioning is competitive nationally on safety and amenity access, while value-add upgrades could sharpen rent capture against older nearby stock.
Within a 3-mile radius, recent growth and robust forecasts through 2028 point to a larger tenant base ahead, with renter share projected to rise. Proximity to diversified employers within commuting range underpins long-term demand, while targeted improvements and disciplined leasing can mitigate softer neighborhood occupancy dynamics.
- High renter concentration (top quartile among 331) supports depth of demand
- 1978 vintage offers competitiveness vs. older stock with value-add upside
- Strong school ratings and above-median national safety aid retention
- Regional employers within commuting range bolster leasing
- Risks: softer neighborhood occupancy trend and recent property offense volatility