| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 48th | Best |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 105 Wheeless Cir, Nashville, NC, 27856, US |
| Region / Metro | Nashville |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
105 Wheeless Cir Nashville NC 20-Unit Multifamily Investment
Neighborhood occupancy trends sit around the metro median, while a higher renter concentration supports a stable tenant base, according to CRE market data from WDSuite. Newer construction for the area provides competitive positioning with manageable capital planning needs.
Nashville’s Inner Suburb location scores well on daily needs: the neighborhood ranks 1st out of 68 metro neighborhoods for overall amenities and sits above the national median, helping support leasing convenience and resident retention. Grocery and dining options are competitive in the metro as well, reinforcing renter appeal for workforce households.
The neighborhood’s renter-occupied share is 36.1% (higher than most neighborhoods nationwide), indicating a meaningful base of multifamily demand and a deeper pool of prospective tenants. Neighborhood occupancy performance is above the metro median, suggesting relatively steady leasing conditions even as supply and demand rebalance.
At the property level, a 2000 vintage is newer than the neighborhood’s average 1987 construction year, which typically improves curb appeal and competitive standing versus older stock. Investors should still plan for system updates typical of 20+ year assets, but the vintage supports moderate ongoing capital expenditure rather than full repositioning.
Within a 3-mile radius, household income levels have risen over the past five years and median contract rents remain moderate, which can help manage affordability pressure and support lease retention. Forecasts point to a modest increase in population and a larger rise in household counts alongside smaller household sizes, which can expand the renter pool and support occupancy stability over time.
School ratings in the neighborhood trend below national averages, which may matter for family-oriented renters but does not typically drive demand for smaller unit mixes. Amenity access, commute convenience within the Rocky Mount region, and moderate rent-to-income dynamics are the core strengths for multifamily investors here.
Safety indicators are mixed but generally competitive for the Rocky Mount metro. Overall crime ranks 13th out of 68 neighborhoods, placing the area competitive among Rocky Mount neighborhoods and slightly better than the national middle of the pack. Nationally benchmarked indicators show comparatively favorable standings on violent incidents, with recent data trending down year over year.
Property-related incidents have shown a recent uptick, while violent offenses have eased, according to WDSuite’s CRE market data. For investors, the takeaway is to monitor sub-neighborhood trends and property-level safeguards, recognizing that the broader area performs near or above metro norms without signaling outlier risk.
This 20-unit asset benefits from a renter-driven neighborhood with above-median metro occupancy and strong amenity access that supports day-to-day livability—key to retention and steady leasing. The 2000 construction year is newer than the area’s 1987 average, offering a competitive edge versus older comparables while keeping capital needs oriented toward targeted system updates rather than major overhauls. According to CRE market data from WDSuite, local rent levels and rent-to-income dynamics are moderate, which can help sustain demand depth and pricing discipline.
Demographics aggregated within a 3-mile radius point to rising household incomes, moderate rents, and forecasts for a modest population increase with a faster rise in household counts and smaller household sizes—signals that can expand the renter pool and support occupancy stability over time. The primary considerations are school ratings that trend below national norms and mixed safety signals at the property level, both of which warrant standard risk management and leasing strategies.
- Renter-oriented neighborhood with above-metro-median occupancy supporting stable leasing
- 2000 vintage is newer than local average, providing competitive positioning with moderate capex
- Amenity-rich Inner Suburb setting enhances livability and retention
- 3-mile data shows rising incomes and growing household counts, expanding the renter pool
- Risks: below-average school ratings and mixed safety metrics require ongoing monitoring