| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Good |
| Demographics | 48th | Best |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 326 N Aviation Ave, Nashville, NC, 27856, US |
| Region / Metro | Nashville |
| Year of Construction | 1991 |
| Units | 40 |
| Transaction Date | 1990-06-29 |
| Transaction Price | $55,500 |
| Buyer | BROOKWAY VILLAGE NC LS |
| Seller | NASHVILLE HOUSING LS |
326 N Aviation Ave Nashville, NC Multifamily Investment
Neighborhood renter-occupied share sits on the higher side for the metro, supporting a stable tenant base and steady leasing, according to WDSuite’s CRE market data.
This Inner Suburb neighborhood in the Rocky Mount, NC metro scores A+ overall and shows balanced fundamentals for workforce housing. Grocery and everyday retail access are in the top quartile among 68 metro neighborhoods, with restaurants and parks also competitive nationally. For investors, that mix typically supports day-to-day convenience and renter retention without relying on destination amenities.
The property’s 1991 vintage is slightly newer than the neighborhood’s average construction year, suggesting relative competitiveness versus older stock. Investors should still plan for modernization of common areas and systems over the hold to protect positioning against newer deliveries.
Renter-occupied housing accounts for a meaningful share of units locally, indicating depth in the tenant pool and dependable leasing velocity. Within a 3-mile radius, recent years reflect stable population levels with modest shifts in age mix; forward-looking projections point to an increase in households and a smaller average household size, which can expand the renter pool and support occupancy stabilization. These dynamics align with neighborhood occupancy that trends near national norms, based on CRE market data from WDSuite.
Ownership costs in the area are relatively accessible compared with larger metros. That can introduce more competition from entry-level ownership, so multifamily operators may emphasize service quality and unit upgrades to maintain pricing power and lease retention. School ratings trend below national averages; while not a direct driver of multifamily demand, this can influence some family renter decisions and should be considered in marketing and unit-mix strategy.
Safety indicators present a mixed profile. Compared with neighborhoods nationwide, the area lands in the better half for several measures, but within the Rocky Mount metro (68 neighborhoods total) it sits on the less favorable side. Recent data also show an uptick in property incidents year over year. Investors should underwrite with prudent security measures, lighting and access controls, and monitor trendlines rather than single-year snapshots.
The local renter base is supported by a mix of commuting employment across healthcare, manufacturing, logistics, and public sector roles common to the Rocky Mount–Nashville corridor. Specific nearby employer distance records were not available in WDSuite for this address at time of publication.
This 40-unit asset built in 1991 offers a practical entry point into a neighborhood with top-quartile amenity access in the Rocky Mount metro and renter share supportive of stable leasing. According to CRE market data from WDSuite, neighborhood occupancy tracks near national norms, while the local tenure mix and projected growth in households within a 3-mile radius point to a larger renter pool over the medium term. Relative ownership costs suggest some competition from entry-level for-sale options, making thoughtful value-add and service execution important for retention and rent management.
The vintage provides room for targeted renovations to enhance curb appeal and operational efficiency versus older comparables, while maintaining an attainable price point for renters. Operators should balance modernization investments with disciplined lease management given school quality signals and local safety trends.
- Renter concentration and near-average occupancy support steady tenant demand
- 1991 vintage offers value-add and systems modernization potential
- Top-quartile access to grocery and daily needs aids retention
- Risks: below-average school ratings, mixed local safety signals, and competition from entry-level ownership