| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 87th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Timber Hollow Ct, Chapel Hill, NC, 27514, US |
| Region / Metro | Chapel Hill |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
111 Timber Hollow Ct Chapel Hill Multifamily Investment
Positioned in a high-cost ownership pocket of Chapel Hill, this 24-unit asset is supported by an educated, high-income renter base and strong school fundamentals, according to WDSuite’s CRE market data. Neighborhood occupancy trends and renter concentration should be evaluated against metro comparables to gauge leasing stability and pricing power.
Chapel Hill’s suburban neighborhood profile around 111 Timber Hollow Ct scores a B and sits above the metro median overall (rank 90 of 211 neighborhoods), per WDSuite. The area’s average school rating is strong (rank 7 of 211), placing it among the top quartile locally and in the upper tier nationally, which can support family-oriented renter demand and longer lease terms.
Ownership costs are elevated here (median home value rank 8 of 211; high national percentile), which typically sustains reliance on multifamily housing and supports retention. Median household incomes also rank near the top of the metro (rank 20 of 211), reinforcing the depth of qualified tenants. Neighborhood asking rents register mid-market relative to national peers, offering room to compete on value versus central Chapel Hill addresses without overreliance on concessions.
Neighborhood occupancy (measured for the neighborhood, not the property) trends below most Durham–Chapel Hill submarkets (rank 190 of 211). For investors, this points to a leasing and asset management focus: active marketing, amenity positioning, and renewal strategy will be important to maintain occupancy stability against nearby alternatives.
Amenity density in the immediate blocks is limited (low counts for cafes, groceries, parks, and pharmacies), so residents likely orient to broader Chapel Hill and nearby employment corridors for services. That said, the neighborhood’s demographics rate well (rank 19 of 211; top quartile nationally), and the 3-mile area shows population growth with a projected increase in households by 2028, expanding the tenant base and supporting steady absorption.
Safety indicators for the neighborhood are comparable to many Durham–Chapel Hill areas, with overall safety near the national midpoint (crime safety national percentile around the high-40s per WDSuite). Property offense rates have improved year over year, trending better than many peers, while violent offense metrics sit below national averages for safety and warrant routine risk management measures such as lighting and access controls.
At the metro level, the area’s safety rank stands within the competitive range among 211 neighborhoods; investors should benchmark insurance, security provisions, and tenant screening standards to regional norms and monitor trends rather than relying on block-level assumptions.
Proximity to Research Triangle employment underpins renter demand, with large technology and life sciences employers within a commutable radius that support leasing durability for workforce and professional tenants. Key nearby employers include Cisco Systems, Biogen Idec, Quintiles Transnational Holdings, and Amerisource Bergen.
- Cisco Systems — technology (11.1 miles)
- Cisco Systems, Building 8 — technology (11.6 miles)
- Biogen Idec — biotechnology (11.9 miles)
- Quintiles Transnational Holdings — clinical research (12.8 miles) — HQ
- Amerisource Bergen — pharmaceutical services (14.4 miles)
Built in 1987, the asset offers competitive vintage relative to the neighborhood average while leaving room for targeted upgrades to kitchens, baths, and building systems to enhance positioning against newer stock. The submarket’s high-cost ownership landscape and strong school ratings support a stable, qualified renter base, while mid-market neighborhood rents provide flexibility to manage occupancy without aggressive concessions—factors that, according to CRE market data from WDSuite, align with steady renter demand in Chapel Hill.
Near-term focus should be on disciplined leasing and renewal management given neighborhood occupancy trends measured for the area, not the property. Over the medium term, projected population and household growth within a 3-mile radius point to renter pool expansion, which can support sustained absorption and retention, particularly if modest value-add improvements are executed thoughtfully.
- High-cost ownership market and strong schools reinforce renter reliance and lease retention
- 1987 vintage allows targeted value-add to enhance competitiveness versus newer deliveries
- Diverse Research Triangle employment base within commuting distance supports steady demand
- Directional population and household growth within 3 miles expands the tenant base over time
- Risk: neighborhood occupancy ranks lower in the metro, requiring proactive leasing and renewal strategies