| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 48th | Best |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1101 S Brake St, Nashville, NC, 27856, US |
| Region / Metro | Nashville |
| Year of Construction | 1974 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1101 S Brake St Nashville Multifamily Value-Add
Neighborhood fundamentals point to steady renter demand and room for operational upside, based on CRE market data from WDSuite. These are neighborhood indicators (not property-specific), with occupancy around the low-90% range and a balanced renter-occupied share supporting leasing stability.
The property sits in an inner-suburb location of Rocky Mount, NC (Nash County) with an A+ neighborhood rating and a rank of 2 out of 68 metro neighborhoods, indicating strong overall positioning relative to the metro. Amenity access is competitive among Rocky Mount neighborhoods: grocers, parks, restaurants, and pharmacies all rank inside the top decile to top third locally, and amenity density trends above national medians, supporting day-to-day convenience that can aid retention.
Rents in the surrounding neighborhood track at the more accessible end of the spectrum, while rent-to-income levels remain manageable by national standards, which can support renewal capture and reduce turnover risk. Home values are moderate for the region, which can introduce some competition from entry-level ownership, but also helps sustain a dependable pool of renters looking for more accessible rental options. According to WDSuite’s CRE market data, neighborhood NOI per unit benchmarks lead the metro yet sit below the national median, suggesting consistent operations locally with limited pricing power relative to national peers.
Within a 3-mile radius, demographic indicators show modest population growth in recent years and projections that point to additional gains ahead. A mixed tenure profile, with roughly one-third of housing units renter-occupied at the neighborhood level, indicates a stable tenant base without being overly reliant on transient demand. These trends collectively point to demand resilience that supports occupancy stability and measured rent growth management.
Vintage matters for underwriting: the building’s 1974 construction is older than the neighborhood’s average stock (1987), implying capital planning for systems, interiors, and common areas. For investors, that age profile can translate into value-add potential through selective renovations and efficiency upgrades to enhance competitiveness versus newer product.
Schools in the area rate below national medians, which can temper appeal for some family renters; however, everyday amenities, parks, and childcare access rank competitively in the metro, helping offset that exposure for a broad renter audience.
Safety patterns are mixed when viewed across scales. At the metro scale, the neighborhood’s overall crime rank sits on the less favorable side (rank 13 out of 68), indicating higher incident exposure than many Rocky Mount neighborhoods. In national context, however, estimated violent and property offense rates trend in stronger percentiles compared to neighborhoods nationwide, placing the area in a generally favorable national position.
Recent trends diverge by category: estimated violent offense rates show improvement year over year, while property offense estimates have risen. Investors should account for this variability in underwriting through security, lighting, and resident engagement measures, and by monitoring submarket trends over time. All metrics reflect neighborhood-level conditions rather than property-specific data.
This 50-unit, 1974 vintage asset offers a straightforward value-add thesis in a neighborhood that is highly competitive within the Rocky Mount metro. Neighborhood occupancy is around the low-90% range with a renter-occupied share that supports a reliable tenant base, and amenity access ranks near the top locally. According to CRE market data from WDSuite, local NOI per unit trends lead the metro but remain below national medians, suggesting room to create value via renovations and operational improvements rather than relying solely on outsized rent growth.
Within a 3-mile radius, modest population growth and projections for continued gains point to a gradually expanding renter pool, supporting leasing and renewal capture. Moderate home values in the area may create some competition from ownership, but they also reinforce steady demand for multifamily housing, while rent-to-income levels that track near national norms help sustain retention. Key risks include the older physical plant, variability in property-related offense trends, and below-median school ratings, all of which can be managed through targeted capex, security measures, and focused marketing.
- Value-add potential: 1974 vintage with scope for interior and systems upgrades to enhance competitiveness
- Demand support: neighborhood occupancy near low-90% and balanced renter concentration underpin leasing stability
- Amenity access: groceries, parks, restaurants, and pharmacies rank competitive among 68 Rocky Mount neighborhoods
- Operations upside: metro-leading NOI per unit locally but below national medians suggests room for improvement
- Risks: older building capex, property offense variability, and below-median school ratings require active management