| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 72nd | Good |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Cameron Woods Dr, Apex, NC, 27523, US |
| Region / Metro | Apex |
| Year of Construction | 1998 |
| Units | 20 |
| Transaction Date | 2006-07-27 |
| Transaction Price | $23,300,000 |
| Buyer | G & IX LAKE CAMERON LLC |
| Seller | LAKE CAMERON LLC |
100 Cameron Woods Dr Apex Multifamily Investment Opportunity
Situated in a high-income suburban pocket of Apex, this 20-unit asset benefits from steady renter demand and above-median neighborhood occupancy, according to WDSuite’s CRE market data.
Apex sits within the Raleigh-Cary metro and this neighborhood ranks 28 out of 331 with an A rating, signaling strong fundamentals for multifamily. Neighborhood occupancy is above the national median, supporting stable cash flow potential, while median contract rents trend in the upper range versus U.S. norms. Elevated home values in the immediate area reinforce reliance on rentals and can support pricing power for well-positioned assets.
Local convenience is a draw: grocery and pharmacy access score above national averages, and dining density is competitive among metro peers. Park access is limited within the neighborhood, so on-site open space or nearby trail connections can be a differentiator for retention.
At the neighborhood level, the share of renter-occupied housing is competitive among Raleigh-Cary neighborhoods, indicating a meaningful tenant base. Within a 3-mile radius, household incomes are high and have grown over the past five years, with continued population and household expansion forecast — trends that typically translate into a larger tenant base and support occupancy stability. Median rent levels within 3 miles have also risen, aligning with healthy demand conditions.
Vintage context: the property was built in 1998 in a submarket where the average construction year trends newer. For investors, that typically points to targeted capital planning or value-add upgrades to remain competitive with 2000s-era stock while capturing retention and rent premiums tied to location and convenience.
Safety indicators for the neighborhood compare favorably at the national level, landing in the upper quartile of areas nationwide. Recent WDSuite data also shows year-over-year declines in both violent and property offenses, a constructive trend for leasing stability and long-term hold strategies.
As always, safety can vary block by block and over time; investors typically validate these dynamics through multiple sources and site visits to gauge tenant appeal and operational considerations.
Proximity to major employers in insurance, financial services, advanced manufacturing, and technology underpins workforce housing demand and commute convenience for renters. Nearby anchors include Erie Insurance Group, MetLife, John Deere, and Cisco Systems.
- Erie Insurance Group — insurance (4.2 miles)
- MetLife Auto & Home Craig Conley LUTCF — financial services (5.1 miles)
- John Deere Morrisville Training Center — advanced manufacturing training (6.3 miles)
- MetLife — financial services (6.6 miles)
- Cisco Systems, Building 8 — technology offices (6.9 miles)
100 Cameron Woods Dr offers investors a suburban Raleigh-Cary location with above-median neighborhood occupancy and renter demand supported by high local incomes and ongoing population and household growth within a 3-mile radius. The area’s elevated home values tend to sustain rental demand and bolster lease retention, while rent-to-income levels indicate manageable affordability pressure for many renters. According to CRE market data from WDSuite, neighborhood safety metrics have improved year over year, reinforcing durability for long-term operations.
Built in 1998, the property is older than the neighborhood’s typical 2000s vintage, which points to targeted capital planning or value-add upgrades to stay competitive with newer stock. With proximity to a diverse employment base and solid livability fundamentals, the asset is positioned to capture steady demand, with execution focused on amenity and interior modernization to enhance pricing power.
- Above-median neighborhood occupancy and renter concentration support income stability.
- High household incomes and forecast growth within 3 miles expand the tenant base.
- Elevated ownership costs in the area sustain reliance on multifamily rentals.
- Value-add potential: 1998 vintage can benefit from targeted renovations versus newer competition.
- Risks: limited nearby park access and ongoing capex needs to remain competitive.