| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Fair |
| Demographics | 62nd | Good |
| Amenities | 59th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6612 Gordon Rd, Wilmington, NC, 28411, US |
| Region / Metro | Wilmington |
| Year of Construction | 2000 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6612 Gordon Rd, Wilmington NC Multifamily Investment Opportunity
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, with household growth in the 3-mile radius supporting leasing durability. This commercial real estate analysis suggests balanced pricing power without overreliance on rapid rent gains.
Located in a suburban pocket of Wilmington with an A- neighborhood rating, the area ranks 18th of 78 metro neighborhoods, which is competitive among Wilmington neighborhoods. Occupancy in the neighborhood sits in the upper tier locally and tracks above national medians, helping underpin cash flow stability for multifamily investors. These are neighborhood statistics, not property performance.
Renter-occupied housing is roughly one-quarter of local units, indicating a stable but not saturated tenant base for a 51-unit asset. Median neighborhood contract rents are positioned toward the higher end of the metro and have posted strong five-year growth, which supports revenue potential while requiring attentive lease management to sustain retention. The rent-to-income backdrop suggests manageable affordability pressure relative to similar suburban nodes, aiding renewal prospects.
Daily convenience is a relative strength: the neighborhood places 7th of 78 metro neighborhoods on overall amenities (top quartile nationally by several categories), with restaurant and café density outpacing many peers. However, dedicated park space within the neighborhood footprint is limited, so on-site outdoor areas and proximity to regional recreation become more important differentiators for resident appeal.
Within a 3-mile radius, population and households have expanded, with households growing faster than population—signaling smaller household sizes and a broader renter pool. Forward-looking projections point to continued population and household increases over the next five years, which supports occupancy stability and a deeper pipeline of prospective tenants. Income levels in the 3-mile radius skew toward middle-to-upper tiers, reinforcing demand for well-maintained, professionally managed multifamily product.
The property’s 2000 construction is slightly newer than the neighborhood’s average vintage (late 1990s), suggesting relative competitiveness versus older stock while still warranting judicious capital planning for building systems and common-area modernization to enhance leasing velocity and retention.
Safety indicators are mixed in context. The neighborhood’s crime rank is 11th of 78 Wilmington neighborhoods, indicating comparatively higher crime exposure versus much of the metro. At the same time, the area sits around the middle of the pack nationally (approximately above the national median by percentile), which tempers metro-relative readings. Always evaluate block-level conditions via onsite diligence.
Recent momentum is constructive: both property and violent offense estimates have declined year over year, placing the neighborhood in stronger improvement tiers among peers. These trends, sourced from WDSuite’s CRE market data, suggest gradually improving conditions, though continued monitoring remains prudent for underwriting and operations.
Proximity to established employers supports weekday traffic and retention for workforce-oriented units. Notable nearby employment includes advanced manufacturing.
- Corning Optical Fiber Wilmington — advanced manufacturing (2.1 miles)
This 51-unit asset benefits from an A- rated suburban neighborhood that ranks 18th of 78 in Wilmington, where occupancy levels trend above national medians and renter demand is supported by expanding households within a 3-mile radius. According to CRE market data from WDSuite, neighborhood rents sit toward the higher end locally with solid growth over the last cycle, favoring pricing power when paired with disciplined renewals and amenity alignment.
Built in 2000, the property is slightly newer than the neighborhood average, offering relative competitiveness versus older product while still warranting targeted capital planning for systems and cosmetic upgrades to sustain leasing velocity. Amenity access is a plus, though limited neighborhood park acreage and metro-relative crime readings argue for thoughtful on-site activation, lighting, and resident engagement to support retention.
- Occupancy strength at the neighborhood level supports cash flow stability and renewal potential.
- Household growth within 3 miles expands the renter pool, aiding lease-up and absorption.
- 2000 vintage offers a mild competitive edge versus older stock, with value-add upside via targeted upgrades.
- Dining and daily-needs access enhance livability; limited park space elevates the importance of on-site amenities.
- Risk: crime ranks higher than much of the metro; continued monitoring and property-level safety measures are prudent.