| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 71st | Good |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2525 Booker Creek Rd, Chapel Hill, NC, 27514, US |
| Region / Metro | Chapel Hill |
| Year of Construction | 1972 |
| Units | 118 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2525 Booker Creek Rd Chapel Hill Multifamily Investment
Neighborhood occupancy has held firm and sits in the upper tier nationally, supporting leasing stability for a 118-unit asset, according to WDSuite’s CRE market data. Elevated home values in Chapel Hill further reinforce renter demand relative to ownership.
Situated in Chapel Hill’s inner suburb profile, the neighborhood rates an A and ranks 25th among 211 metro neighborhoods, placing it comfortably above the metro median. For investors, this indicates solid location fundamentals with durable renter demand and competitive positioning within the Durham–Chapel Hill region.
Daily convenience is a relative strength: grocery access ranks 23rd of 211 (79th percentile nationally), with parks and pharmacies also around the mid‑70s percentiles. Restaurant density is around the metro middle (55th percentile nationally), while café and childcare counts are limited within the neighborhood itself. School quality stands out, ranking 7th of 211 and in the 84th percentile nationally, which can support family‑oriented renter retention.
Median contract rents in the neighborhood are in the upper tier nationally (around the low‑70s percentile), while the rent‑to‑income ratio trends on the lower side (nationally in a lower percentile), suggesting relatively manageable rent burdens that can aid renewals and occupancy. Home values are elevated (upper‑80s percentile nationally), and the value‑to‑income ratio sits near the top of national ranges, a combination that typically sustains multifamily demand as households weigh rental options against high‑cost ownership.
Vintage matters for capital planning: the property was built in 1972, older than the neighborhood’s average vintage (1981). This points to potential value‑add through renovations and systems upgrades, while also requiring thoughtful CapEx budgeting to maintain competitive standing against newer stock.
Tenure patterns indicate a deep renter base: roughly half of housing units in the neighborhood are renter‑occupied, which supports demand depth for multifamily. Within a 3‑mile radius, demographics have been relatively steady with modest population movement in recent years and projections calling for a larger household count and smaller average household sizes over the next five years. For investors, that combination typically expands the renter pool and supports occupancy stability, even as unit mix and amenity positioning remain important.
Safety indicators for the neighborhood sit near the metro middle. Compared with neighborhoods nationwide, the area falls below the national median for safety based on overall crime measures (around the low‑40s percentile), though recent trends show improvement in violent‑offense rates. Investors should underwrite with standard precautions and consider measures that support resident perception and retention.
At the metro scale, the neighborhood’s crime rank is 71 out of 211, which is competitive with a broad swath of Durham–Chapel Hill neighborhoods but not among the top quartile. Nationally, property‑offense measures are in a lower percentile, while year‑over‑year violent‑offense change aligns with improvement. Framing this comparatively, the submarket is mixed but trending better on violent‑offense dynamics, and typical on property‑offense exposure; operational focus on lighting, access control, and community engagement can help sustain leasing performance.
Proximity to major Research Triangle employers underpins renter demand for professionals seeking commute efficiency. Notable nearby firms include Cisco, Biogen, and IQVIA (Quintiles), with additional depth from AmerisourceBergen.
- Cisco Systems — technology (9.9 miles)
- Cisco Systems, Building 8 — technology (10.4 miles)
- Biogen Idec — biotechnology (10.7 miles)
- Quintiles Transnational Holdings — life sciences CRO (11.3 miles) — HQ
- Amerisource Bergen — pharmaceutical distribution (13.1 miles)
This 118‑unit, 1972 vintage asset sits in an A‑rated Chapel Hill neighborhood that performs above the metro median on overall fundamentals. Occupancy in the neighborhood remains strong and nationally competitive, and elevated ownership costs locally help sustain multifamily demand relative to buying. Based on CRE market data from WDSuite, neighborhood rents track in the upper tier nationally while rent burdens remain manageable, a combination that supports retention and steady cash flow.
The asset’s older vintage suggests clear value‑add potential through interior upgrades and system modernization to remain competitive against newer stock. Within a 3‑mile radius, forecasts point to a larger household base and smaller average household sizes, which typically expands the renter pool and supports occupancy stability. Balanced amenity access (notably groceries, parks, and pharmacies) and access to major Triangle employers further reinforce leasing fundamentals, though investors should account for standard CapEx and operational considerations.
- A‑rated neighborhood, above metro median positioning supporting durable renter demand
- Strong neighborhood occupancy with manageable rent burdens aiding renewal and cash flow
- Elevated home values reinforce reliance on multifamily, supporting pricing power
- 1972 vintage offers value‑add and CapEx‑driven upside via renovations and systems upgrades
- Risks: older building CapEx needs and mixed but improving safety metrics warrant active asset management