| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Best |
| Demographics | 43rd | Good |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Hertford County High Rd, Ahoskie, NC, 27910, US |
| Region / Metro | Ahoskie |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Hertford County High Rd Ahoskie 24-Unit Multifamily
Newer-than-average 2007 vintage and a suburban setting point to steady workforce rental demand, according to WDSuite’s CRE market data, with neighborhood occupancy trending in the high 80s and rents positioned for retention-focused strategies.
This suburban Ahoskie location rates A+ at the neighborhood level and is competitive among Hertford County neighborhoods (1 of 13), signaling stable local dynamics for a small multifamily asset. The area’s occupancy is 88.9% and has edged higher over the past five years, indicating demand resilience even as it sits around the middle of national comparisons.
The renter concentration is about 38% of housing units being renter-occupied, which supports a meaningful but not oversized tenant base for a 24-unit property. Median contract rents in the neighborhood are on the lower side locally and nationally, which can aid lease retention but may temper near-term pricing power; the rent-to-income ratio around 0.13 suggests relatively moderate affordability pressure for residents.
Livability indicators are mixed. Neighborhood amenities index lower versus national norms (amenity score in the lower quintiles), with limited cafes, restaurants, and parks within the immediate area; grocery access is modest and competitive within the county (rank 4 of 13). Average school ratings trend below national norms, which can weigh on family-driven demand, while childcare availability compares relatively well within the metro (rank 2 of 13).
Demographic statistics aggregated within a 3-mile radius point to slight population growth and smaller average household sizes over the last five years, which can tilt demand toward rental housing and support occupancy stability. Median household incomes track below national levels but have grown meaningfully in recent years, offering some cushion for incremental rent growth tied to value and service improvements.
Compared to the local stock, the average neighborhood construction year is 1985, and this property’s 2007 vintage positions it as newer than much of the competitive set—potentially enhancing curb appeal and operating competitiveness versus older assets, while still warranting targeted systems updates and common-area refreshes in capital plans.
Neighborhood-level crime metrics are not available in WDSuite’s dataset for this location, so comparative safety insights at the block level cannot be provided. Investors typically benchmark against broader county trends and prioritize on-site safety measures, lighting, and management practices when underwriting properties in smaller markets.
Employer proximity can be a key driver of workforce housing demand, but specific nearby anchor employers with measured distances are not available for this address in WDSuite at this time.
The 2007 construction stands out against a local average vintage from the mid-1980s, offering relative competitiveness versus older stock while leaving room for targeted upgrades. Neighborhood occupancy near 89% with a modest upward trend and a renter-occupied share around 38% indicate a stable yet measured tenant base appropriate for a 24-unit asset. According to commercial real estate analysis from WDSuite, lower prevailing contract rents and a rent-to-income ratio near 0.13 support retention-oriented strategies, with rent growth tied to delivering durable value rather than outsized increases.
Livability factors are mixed: grocery access is serviceable within the county, but limited dining, parks, and below-average school ratings can constrain family demand. Demographics aggregated within a 3-mile radius show slight population growth and smaller household sizes, which can reinforce multifamily demand and support occupancy stability over time. Overall, the thesis favors disciplined operations, selective value-add, and careful lease management.
- 2007 vintage offers competitive positioning versus older local stock with targeted refresh potential
- Neighborhood occupancy around the high-80s and rising supports stability for a 24-unit asset
- Lower rent levels and moderate rent-to-income support retention-focused operations
- 3-mile demographics show slight growth and smaller households, reinforcing renter demand
- Risks: limited amenities and low school ratings may constrain family-driven demand and pricing power