| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 30th | Poor |
| Demographics | 41st | Poor |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 390 Henderson Rd, Roxboro, NC, 27573, US |
| Region / Metro | Roxboro |
| Year of Construction | 1974 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
390 Henderson Rd Roxboro Multifamily Investment
Renter demand is supported by a moderate renter-occupied share and improving neighborhood occupancy, according to WDSuite’s CRE market data, positioning this asset for steady lease-up and retention in Roxboro’s inner-suburban setting.
Located in an Inner Suburb of the Durham–Chapel Hill metro, the neighborhood carries a C+ rating and ranks 147 out of 211 metro neighborhoods, placing it below the metro median. For investors, that suggests a value-oriented submarket where underwriting should emphasize operations and demand durability rather than outsized rent growth.
Daily needs are relatively convenient: grocery and pharmacy access track competitively versus many peers in the region, while parks and cafes are limited. Average school ratings in the area are lower, which may temper appeal for some family renters and should be reflected in positioning and leasing strategy.
Neighborhood occupancy has improved in recent years and sits below the metro median. The share of housing units that are renter-occupied is about two-fifths, indicating a meaningful tenant base without being saturated; this balance typically supports leasing stability while limiting extreme turnover volatility.
Within a 3-mile radius, demographics point to a larger tenant base ahead: recent population and household growth have trended upward, and projections through 2028 indicate continued expansion, which should support occupancy stability and absorption. Ownership costs in the neighborhood are relatively accessible by national standards, which can introduce some competition from entry-level ownership; however, rent-to-income measures remain favorable for retention and prudent rent steps, based on CRE market data from WDSuite.
The property’s 1974 construction is newer than the neighborhood’s older housing stock, offering competitive positioning versus mid-century assets, while investors should still plan for targeted system upgrades or interior modernization to enhance rentability.
Comparable safety data for this neighborhood are not available in WDSuite’s dataset at this time. Investors commonly benchmark community conditions with metro and county sources and track trend direction alongside leasing and retention metrics to contextualize risk.
Regional employment is anchored by life sciences and technology nodes that can draw commuter renters, including Laboratory Corp. of America, Quintiles Transnational Holdings, Cisco Systems, Biogen Idec, and Amerisource Bergen.
- Laboratory Corp. of America — diagnostics & life sciences (34.0 miles) — HQ
- Quintiles Transnational Holdings — clinical research (36.8 miles) — HQ
- Cisco Systems — networking & technology offices (37.8 miles)
- Biogen Idec — biotechnology offices (38.0 miles)
- Amerisource Bergen — pharmaceutical distribution offices (39.1 miles)
390 Henderson Rd combines a moderate renter concentration with improving neighborhood occupancy, supporting a case for steady operations rather than momentum-driven rent growth. The 1974 vintage is newer than much of the surrounding housing stock, creating competitive positioning versus older assets, though capital plans should anticipate building-system updates and selective interior enhancements.
Within a 3-mile radius, population and household counts have risen and are projected to expand further by 2028, pointing to a larger tenant base and support for occupancy stability. Rent-to-income metrics suggest attainable rents that can aid retention, while relatively accessible ownership options may cap near-term pricing power; underwriting should emphasize resident retention and cost control. According to commercial real estate analysis from WDSuite, these dynamics align with value-focused holds that prioritize operational execution over speculative upside.
- Moderate renter-occupied share supports depth of tenant base and leasing stability.
- 1974 vintage competes well versus older stock; plan targeted system and interior upgrades.
- 3-mile demographic growth trajectory supports occupancy and absorption through the forecast period.
- Favorable rent-to-income profile aids retention and measured rent steps.
- Risks: below-metro-median neighborhood rank, lower school ratings, and potential competition from entry-level ownership.