| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Poor |
| Demographics | 42nd | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 W Satchwell St, Burgaw, NC, 28425, US |
| Region / Metro | Burgaw |
| Year of Construction | 1982 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 W Satchwell St Burgaw Multifamily Investment
Stabilized renter demand in a rural pocket of the Wilmington, NC metro, according to WDSuite s CRE market data, supports consistent operations for a 36-unit asset. This commercial real estate analysis highlights neighborhood occupancy and renter concentration as primary drivers, with pricing tempered by a high-ownership market.
The property sits in a rural neighborhood within the Wilmington, NC metro where neighborhood-level occupancy is 94.0% and has improved over the past five years. With a rank of 22 out of 78 metro neighborhoods, this places the area above the metro median and competitive among Wilmington neighborhoods, and in the 65th percentile nationally. These are neighborhood metrics, not property performance, but they suggest a supportive backdrop for maintaining leased units.
Renter-occupied housing represents 30.8% of units in the neighborhood, ranking 29 of 78 and landing around the 69th percentile nationally. This renter concentration indicates a viable tenant base for multifamily, helping underpin demand depth and day-to-day leasing. At the same time, a low rent-to-income ratio near 0.11 points to limited affordability pressure at the neighborhood level, which can aid retention and collections.
Amenities are sparse (amenity ranks are near the bottom among 78 neighborhoods and very low nationally), consistent with the area s rural profile. Investors should expect residents to rely on regional hubs for retail and services, which can modestly lengthen commutes and reduce lifestyle convenience compared with urban submarkets. Median home values in the neighborhood are elevated relative to local incomes but not extreme, which can sustain rental demand while creating some competition from entry-level ownership options a consideration for pricing power and lease-up cadence.
Demographic statistics aggregated within a 3-mile radius show population growth over the last five years and forecasts call for further increases through 2028, alongside a projected rise in total households and a declining average household size. Together, these trends point to a gradually expanding renter pool and support for occupancy stability, even as unit mix and finishes may need to align with evolving household compositions.
The building s 1982 vintage is newer than the neighborhood s average housing vintage of 1969. That relative edge can help competitiveness versus older stock, though investors should still plan for ongoing modernization and system upgrades typical of early-1980s construction.
Comparable crime data at the neighborhood level is not available in this dataset. Without rank or percentile context against the 78 Wilmington metro neighborhoods or national benchmarks, investors should rely on standard diligence: review recent police reports, confirm property-level incident history, and compare trends to nearby Wilmington submarkets to understand relative safety dynamics.
Regional employment access is anchored by advanced manufacturing, which can support workforce housing demand and commuting stability for residents. The following nearby employer illustrates the industrial base accessible from the neighborhood.
- Corning Optical Fiber Wilmington manufacturing (20.7 miles)
This 36-unit, 1982-vintage asset benefits from a neighborhood backdrop of solid renter demand and above-median metro occupancy, according to CRE market data from WDSuite. Renter concentration in the area supports a stable tenant base, while a low neighborhood rent-to-income ratio indicates manageable affordability pressure that can favor retention and collections. Sparse local amenities reflect the rural setting, but regional employment access helps underpin leasing for workforce renters.
Forward indicators within a 3-mile radius including population growth, a projected increase in households, and smaller average household sizes point to ongoing renter pool expansion. Balanced against a home-ownership landscape that can present some competition to entry-level renters, the investment case centers on steady occupancy, modest pricing power, and targeted capital planning to keep a 1980s asset competitive versus older neighborhood stock.
- Above-median metro occupancy at the neighborhood level supports leasing stability
- Renter concentration provides demand depth for a 36-unit asset
- 1982 vintage offers a relative edge over older local stock with targeted upgrades
- 3-mile radius shows population and household growth, reinforcing the tenant pipeline
- Risk: sparse amenities and attainable ownership options may temper rent growth and lease-up velocity