| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Good |
| Demographics | 57th | Good |
| Amenities | 31st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 221 Keith St, Aberdeen, NC, 28315, US |
| Region / Metro | Aberdeen |
| Year of Construction | 1994 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
221 Keith St Aberdeen 40-Unit Multifamily Investment
Neighborhood occupancy is strong and ranks in the top quartile among 39 Pinehurst–Southern Pines neighborhoods, supporting stable leasing, according to WDSuite’s CRE market data. This positioning can help underpin income consistency while investors evaluate value-add and operations strategy.
Located in Aberdeen within the Pinehurst–Southern Pines, NC metro, the area around 221 Keith St shows steady renter demand indicators and practical livability for workforce households. Neighborhood occupancy is elevated (top quartile among 39 metro neighborhoods), which supports leasing stability and reduces downtime risk for multifamily operators.
Local amenity access is competitive within the metro, with café density comparing favorably both locally and nationally, while grocery access tracks near national norms. That said, parks and full-service restaurants are limited within the immediate neighborhood boundary, so residents often rely on nearby nodes for recreation and dining. For investors, this mix suggests day-to-day convenience with some lifestyle amenities reached by short drives rather than on foot.
The property’s 1994 vintage is older than the neighborhood’s average construction year (2002), pointing to potential capital expenditure and interior modernization opportunities to sharpen competitive positioning against newer stock. Executed thoughtfully, upgrades can target rent premiums while maintaining a value-focused offering.
Demographics aggregated within a 3-mile radius point to population growth alongside an increase in total households and a slight drift toward smaller household sizes. The renter-occupied share in this radius is roughly one-third today and is projected to move toward a more balanced mix by the middle of the decade, expanding the tenant base and supporting occupancy stability for well-located multifamily communities.
On affordability, local household incomes trend above national medians, and the neighborhood’s rent-to-income ratio sits among the most favorable nationally. This combination supports retention and provides room for disciplined revenue management, though operators should calibrate pricing to maintain affordability and lease renewal momentum.
Safety indicators for the neighborhood are broadly in line with regional norms. Overall crime performance sits above the metro median among 39 neighborhoods, and violent incident measures compare well nationally (top quartile), according to WDSuite’s CRE market data. Property-related incidents trend mid-range nationally and should be monitored as part of standard asset and site-level risk management.
Recent trends show improvement in violent offenses year over year while property offenses have increased. For investors, this mixed pattern suggests continuing to emphasize lighting, access control, and resident engagement, and to track local policing and community initiatives as part of ongoing risk oversight.
221 Keith St offers a stabilized entry point in an Aberdeen neighborhood with top-quartile occupancy among 39 metro neighborhoods and demographic tailwinds in the surrounding 3-mile radius. According to CRE market data from WDSuite, the area s rent-to-income dynamics remain favorable, supporting lease retention and measured pricing power for value-focused assets.
Built in 1994, the asset is older than the neighborhood 19s average vintage, creating a clear value-add path through targeted renovations and system updates to compete with newer product. Amenity access is serviceable, with strong café and adequate grocery availability, though limited parks and restaurant density suggest focusing on on-site features and management excellence to sustain demand and resident satisfaction.
- Strong neighborhood occupancy (top quartile among 39) supports income stability
- Favorable rent-to-income profile underpins retention and disciplined rent growth
- 1994 vintage provides renovation and operational value-add potential
- Local amenities adequate; focus on on-site features to enhance competitiveness
- Risks: limited nearby parks/restaurant density and mixed property-crime trends warrant proactive management