| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Fair |
| Demographics | 17th | Poor |
| Amenities | 32nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1036 N Main St, Troy, NC, 27371, US |
| Region / Metro | Troy |
| Year of Construction | 1984 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1036 N Main St Troy NC Value-Add Multifamily
Neighborhood occupancy trends sit below national norms but show relative stability within the metro; according to WDSuite’s CRE market data, the rural setting and modest renter concentration point to steady, needs-based demand with limited new supply pressure.
Troy is a rural neighborhood with a B- rating and a middle-of-the-pack standing (13th among 22 metro neighborhoods). For investors, this suggests fundamentals that are below the metro median in some areas but potentially resilient for workforce housing, based on CRE market data from WDSuite.
Occupancy for the neighborhood is reported at 81.6%, which is above the metro median (ranked 10th of 22) yet remains weaker versus national performance (21st percentile). The share of housing units that are renter-occupied is moderate at 22.2% (10th of 22; around the national middle at the 54th percentile), indicating a defined but not deep tenant base. These dynamics point to manageable leasing risk if pricing stays aligned with local incomes.
Local amenities are sparse for food and retail, but parks access ranks strongest in the metro (1st of 22; 63rd percentile nationally), and childcare and pharmacy availability are comparatively better than many rural peers (both near the mid‑60s percentiles nationally). Average school ratings sit near the national middle (47th percentile), supporting family-oriented demand without commanding premium rents.
The property’s 1984 vintage is newer than the neighborhood’s average construction year (1961). That positioning can enhance competitiveness versus older stock while still leaving room for targeted system upgrades or unit refreshes to drive rentability and retention. Home values in the area are relatively low (median $133,800), which means ownership is more accessible; this can temper rent growth and underscores the importance of offering practical finishes and value-focused amenities to support lease stability.
Demographic indicators within a 3‑mile radius reflect a small local population base, so tenant capture may extend to surrounding parts of Montgomery County. With incomes below national norms, effective rent positioning and operational discipline are likely to be more impactful than premium amenity packages.
Comparable neighborhood-level crime metrics are not available in WDSuite for this location. Investors typically benchmark safety using county and regional sources to assess trend direction and relative positioning. Given the rural context, on-the-ground diligence and review of official Montgomery County reports can help calibrate risk management and leasing strategy without relying on block-level claims.
The employment base skews regional, with commuting likely for many residents. Proximity to distribution and logistics supports renter demand at workforce price points, as reflected by the nearby employer listed below.
- Sysco — foodservice distribution (43.4 miles)
This 30‑unit, 1984‑vintage asset aligns with workforce housing demand in a rural setting where neighborhood occupancy is above the metro median but below national benchmarks. Newer relative to the area’s older housing stock, the property can compete on basic finishes and reliability, with targeted renovations offering pragmatic upside. According to CRE market data from WDSuite, the renter-occupied share is around the national middle, implying a modest yet durable tenant base when pricing reflects local incomes.
Investors should view the low home-value context as both a retention consideration and an opportunity to emphasize convenience and move-in readiness over premium amenities. Amenity-light surroundings, coupled with regional commuting patterns, reinforce the case for operational efficiency, consistent unit quality, and disciplined leasing to support occupancy stability over time.
- 1984 vintage is newer than neighborhood average, supporting competitive positioning with selective upgrades
- Neighborhood occupancy above metro median suggests attainable stabilization with disciplined leasing
- Moderate renter concentration and workforce orientation indicate steady, needs-based demand
- Risks: amenity-light area and more accessible ownership options can cap rent growth; focus on value-driven operations