| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 29th | Poor |
| Amenities | 39th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 S Onslow St, Richlands, NC, 28574, US |
| Region / Metro | Richlands |
| Year of Construction | 1983 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
201 S Onslow St, Richlands NC Multifamily Investment
Neighborhood occupancy trends sit near 90% with a renter-occupied share in the high-20s, supporting steady tenant demand according to WDSuite’s CRE market data.
Located in the Jacksonville, NC metro, this rural neighborhood rates a B and ranks 25 out of 55 metro neighborhoods, placing it above the metro median. For investors, that positioning suggests balanced fundamentals without paying for top-decile competition.
Occupancy for the neighborhood is reported around 90%, which is competitive among Jacksonville neighborhoods (rank 21 of 55). The renter-occupied share of housing units is roughly 27%, indicating a modest but active renter base that can support leasing stability for smaller assets when managed to local demand.
Three-mile demographics are aggregated within a 3-mile radius and point to a larger tenant base over time: population and households expanded meaningfully over the last five years, with additional growth forecast through 2028. Rising median incomes in the area expand the pool of renters able to support market rents, while the rent-to-income profile indicates manageable affordability pressure that can aid retention and reduce turnover risk.
Amenities reflect the rural setting. Restaurant density stands in the top quartile among 55 metro neighborhoods, and park access is similarly strong. Grocery options are competitive within the metro, while cafes and pharmacies are limited, which reinforces an auto-oriented living pattern more than a walk-to-retail experience. Average school ratings sit in the metro’s top quartile but roughly mid-pack nationally, signaling locally competitive, if not standout, education options.
The asset s 1983 construction is newer than the neighborhood’s average vintage (1971). That typically supports leasing versus older stock, though investors should still plan for aging systems and targeted modernization to sustain competitiveness. Home values in the area are modest in absolute terms but comparatively high versus local incomes (higher national value-to-income standing), which can sustain reliance on multifamily rentals and support occupancy stability.
Comparable neighborhood crime data is not available in WDSuite for this location. Investors typically benchmark property operations and resident experience against Jacksonville, NC metro trends and city reporting, and pair that with on-the-ground diligence (property management feedback, daytime/nighttime visits) to validate assumptions.
This 24-unit multifamily property built in 1983 competes against older neighborhood stock while serving a renter base supported by steady neighborhood occupancy and expanding 3-mile population and household counts. According to CRE market data from WDSuite, the neighborhood ranks above the metro median overall and shows competitive occupancy, pointing to demand resilience for well-managed assets.
Renter concentration at the neighborhood level is moderate, and ownership costs relative to incomes lean high in national context, which can reinforce reliance on rentals. The rural setting offers solid access to restaurants and parks within the metro’s top quartile, though limited walkable retail and an auto-centric pattern should be reflected in marketing and amenity strategies. With 1983 vintage, targeted capital for systems and selective interior upgrades can position the asset well versus older comparables.
- Competitive neighborhood occupancy and above-median metro rank support leasing stability
- 1983 vintage offers relative edge versus older stock with value-add potential
- 3-mile population and household growth expand the tenant base and support absorption
- Ownership costs relative to incomes sustain renter reliance, aiding retention
- Risks: modest renter share, limited walkable amenities, and ongoing capex for aging systems