| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 87th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Shadowood Dr, Chapel Hill, NC, 27514, US |
| Region / Metro | Chapel Hill |
| Year of Construction | 1985 |
| Units | 98 |
| Transaction Date | 2016-05-12 |
| Transaction Price | $294,900 |
| Buyer | CHAPEL HILL 336 LLC |
| Seller | CHAPEL HILL I LLC |
101 Shadowood Dr, Chapel Hill NC Multifamily Investment
High-cost home values and strong local schools support durable renter demand in this Chapel Hill suburban pocket, according to WDSuite’s CRE market data. Neighborhood measures point to pricing power potential with comparatively moderate contract rents and a deep 3-mile renter base.
This suburban neighborhood in Chapel Hill carries a B rating and sits roughly above the metro median overall (ranked 90 out of 211 Durham–Chapel Hill neighborhoods). Livability is driven more by residential stability than retail density, with limited immediate counts of cafes, grocery, parks, and restaurants per square mile; residents typically draw on broader area amenities rather than on-block options.
Education quality is a notable strength for long-term leasing. The neighborhood’s average school rating is 4.0 out of 5 and ranks 7th of 211 metro neighborhoods, placing it in the top quartile nationally. For multifamily investors, stronger school quality often supports retention for households prioritizing education, even if they rent rather than own.
Ownership costs in the neighborhood are elevated relative to income (home values rank 8th of 211 locally and sit near the top decile nationally), while neighborhood-level contract rents trend more moderate by comparison. That combination can reinforce renter reliance on multifamily housing and support lease stability. Within a 3-mile radius, renter-occupied units account for roughly half of housing stock (about 53.9%), indicating a sizable tenant base for midscale apartments.
Demographics aggregated within a 3-mile radius show relatively steady population levels over the past five years with a slight dip, while household counts increased, pointing to smaller household sizes and continued depth in the renter pool. Forecasts call for additional household growth over the next five years, which can support occupancy stability and absorption for well-positioned assets.
Safety indicators are mixed relative to national and metro benchmarks. Overall crime levels sit near the national middle, while recent data show property crime trending lower year over year (improving momentum). At the same time, violent-crime metrics compare less favorably to national peers, warranting routine risk management and standard security practices for multifamily operations.
Within the Durham–Chapel Hill metro, comparative measures suggest the neighborhood performs close to metro averages, but investors should underwrite with conservative assumptions and emphasize lighting, access control, and resident engagement to support leasing and retention. All figures reflect neighborhood-level trends rather than conditions specific to the property.
Regional employment is anchored by large Research Triangle employers that broaden the renter base and support commute convenience, including Cisco, Biogen, IQVIA/Quintiles, and AmerisourceBergen. The proximity of these offices can aid leasing velocity for workforce and professional tenants.
- Cisco Systems — technology (11.1 miles)
- Cisco Systems, Building 8 — technology (11.5 miles)
- Biogen Idec — biotechnology (11.8 miles)
- Quintiles Transnational Holdings — life sciences services (12.7 miles) — HQ
- Amerisource Bergen — pharmaceuticals distribution (14.3 miles)
Built in 1985, this 98-unit asset offers potential value-add and capital planning opportunities typical of mid-1980s vintage properties—targeted renovations and systems upgrades can sharpen competitive positioning against newer stock. The neighborhood’s combination of elevated ownership costs and comparatively moderate neighborhood contract rents supports renter reliance on multifamily housing and can translate into steady demand from professionals and families seeking access to strong Chapel Hill schools.
Within a 3-mile radius, household counts have increased despite flat-to-slightly lower population, indicating smaller household sizes and a larger pool of potential renters—trends that can support occupancy and renewal performance. According to CRE market data from WDSuite, local school quality ranks near the top of the metro and crime trends show improving property crime momentum, while neighborhood occupancy measures sit below national norms, suggesting the need for disciplined leasing and asset management.
- 1985 vintage with clear value-add and systems-upgrade pathways to enhance competitiveness
- Elevated ownership costs and moderate neighborhood rents reinforce multifamily demand and retention potential
- Strong school ratings (7th of 211 metro neighborhoods; top quartile nationally) support family-oriented renter demand
- Expanding household counts within 3 miles point to a deeper tenant base over the next five years
- Risk: neighborhood occupancy sits below national norms—plan for proactive leasing, marketing, and unit turns