| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 16th | Poor |
| Demographics | 17th | Poor |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 W Taylor St, Whitakers, NC, 27891, US |
| Region / Metro | Whitakers |
| Year of Construction | 1985 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 W Taylor St Whitakers NC Multifamily Investment
Neighborhood occupancy has trended upward while rent burdens remain comparatively low, according to WDSuite’s CRE market data, which can support lease retention for workforce-oriented units; these signals reflect neighborhood conditions, not the property’s current performance.
This asset sits in a rural submarket of the Rocky Mount, NC metro with a sparse amenity profile and limited dining, café, park, and childcare options nearby. That leans toward car-dependent living and quieter streets rather than destination retail. For investors, day-to-day convenience is thinner than urban submarkets, but operating costs and tenant expectations tend to be more modest.
The neighborhood’s occupancy rate has been rising over the last five years, though it remains below the metro median; this suggests some stabilization in demand even as absolute occupancy is not yet a top performer. Renter concentration at the neighborhood level is low, indicating a smaller pool of renter-occupied units and a leasing universe that relies on affordability and retention more than rapid lease-up velocity.
Within a 3-mile radius, recent population growth has been positive while household sizes have increased; forward-looking estimates point to a slight population dip alongside an increase in total households, implying smaller household composition and a gradual expansion of the tenant base. Median incomes in the 3-mile area have improved meaningfully in recent years, and median contract rents remain comparatively low, which can reduce affordability pressure and support steady renewals. Home values in the area are also relatively accessible by national standards, which can create some competition with ownership; operators should emphasize value and convenience to maintain pricing power and lease stability.
Vintage matters here: the property was built in 1985, newer than much of the surrounding housing stock. For investors, that typically translates into fewer near-term structural deficiencies than pre-war inventory, while still leaving room for selective value-add—systems modernization, energy efficiency, and interior refreshes—to improve competitive positioning versus older comparables. These observations are based on commercial real estate analysis from WDSuite at the neighborhood level, not the subject asset’s actual condition.
Comparable crime statistics for this specific neighborhood were not available in WDSuite’s dataset. Investors should review broader Rocky Mount, NC trends and consult local sources for recent patterns, using a metro-level baseline to contextualize property-level measures such as lighting, access control, and resident screening.
The investment case centers on durable, needs-based demand in a rural submarket where neighborhood occupancy has been improving and rent-to-income levels are favorable for retention. The 1985 vintage is competitive relative to older nearby housing, offering room for targeted renovations that can enhance appeal without overcapitalizing in a price-sensitive location. According to CRE market data from WDSuite, the surrounding renter pool is smaller than metro norms, so performance is more likely to be driven by resident stickiness and operational execution than by rapid absorption.
Demographic data aggregated within a 3-mile radius indicates recent population gains and outlooks showing a slight population contraction alongside increasing household counts—consistent with smaller household sizes and potential renter pool expansion. Given relatively accessible home values, ownership can compete with rentals; operators should focus on service quality, maintenance responsiveness, and practical unit upgrades to sustain occupancy and stabilize cash flow.
- Improving neighborhood occupancy supports steadier cash flow if operations prioritize renewals and retention.
- 1985 vintage offers value-add potential through selective systems and interior upgrades versus older local stock.
- Low rent-to-income dynamics point to manageable affordability pressure and lease stability.
- 3-mile trends show rising household counts even with a modest population dip, implying a broader tenant base.
- Risks: small renter base and accessible ownership options may temper pricing power and absorption.