| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 77th | Best |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Reunion Park Dr, Apex, NC, 27539, US |
| Region / Metro | Apex |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Reunion Park Dr Apex Multifamily Opportunity
Neighborhood occupancy trends are in the mid-to-high 90s, supporting steady renter demand in suburban Apex, according to WDSuite s CRE market data. Strong schools and high-income households in the area point to durable leasing fundamentals rather than outsized concessions.
Apex sits within the Raleigh Cary metro, and this suburban neighborhood is rated A 2 with occupancy around 96% at the neighborhood level above the metro median among 331 neighborhoods and in the top quartile nationally. For investors, that points to stable renewal potential and measured pricing power rather than heavy lease-up risk.
Schools score well (top decile nationally), which typically supports family-oriented rental demand and longer average tenancy. Amenities are mixed: parks and childcare access are competitive among Raleigh Cary neighborhoods, while cafes and pharmacies are thinner. That balance tends to favor quiet, residential appeal over destination retail, which can sustain retention for workforce and family renters.
The property s 1999 vintage is slightly newer than the neighborhood s average construction year (1997). That positioning can remain competitive versus older stock, though investors should still plan for systems modernization and selective value-add to meet today s renter expectations.
Within a 3-mile radius, population and households have grown over the past five years, with forecasts calling for continued population growth and a notable increase in households alongside smaller average household sizes. For multifamily, that trend typically expands the tenant base and supports occupancy stability. The area skews high-income, and elevated home values relative to incomes indicate a high-cost ownership market conditions that often reinforce reliance on rentals and can support lease retention. Median neighborhood rents sit above many peers in the metro and nationally, while rent-to-income levels suggest manageable affordability pressure; operators can prioritize renewal management over aggressive near-term trade-outs.
Safety indicators show a mixed but generally supportive picture. Within the Raleigh Cary metro, the neighborhood s crime rank sits on the higher-incident side (ranked 20 among 331 neighborhoods), yet national comparisons are more favorable: overall safety benchmarks in the better half of neighborhoods nationwide, with property offense measures in the stronger national percentiles and recent year-over-year declines in violent offense rates. For investors, this suggests local diligence is warranted, but broader market context and recent trend direction are constructive.
Nearby employers provide a diversified white-collar employment base that supports renter demand and commute convenience for residents, including Erie Insurance, MetLife, John Deere, and AmerisourceBergen. The list below highlights key corporate offices by proximity.
- Erie Insurance Group insurance services (3.7 miles)
- MetLife Auto & Home Craig Conley LUTCF insurance (5.45 miles)
- MetLife insurance (9.85 miles)
- John Deere Morrisville Training Center industrial & equipment training (10.39 miles)
- Amerisource Bergen pharmaceutical distribution offices (11.05 miles)
This 24-unit asset at 100 Reunion Park Dr benefits from neighborhood occupancy around the mid-to-high 90s and a renter base supported by strong schools and high household incomes. Within a 3-mile radius, population growth and a projected rise in households indicate a larger tenant base ahead, while elevated ownership costs in the area tend to sustain rental reliance and support retention. Based on CRE market data from WDSuite, neighborhood-level rents are comparatively high within the metro but remain balanced relative to incomes, pointing to steady operations rather than outsized volatility.
Constructed in 1999, the property is slightly newer than the neighborhood average, offering competitive positioning versus older stock while still leaving room for targeted value-add, energy-efficiency upgrades, and amenity refreshes. The suburban setting favors livability over retail density, which can translate into stable tenancy for workforce and family renters.
- Neighborhood occupancy near the high-90s supports renewal stability and measured pricing power.
- High-performing schools and strong incomes bolster depth of demand and lease retention.
- 1999 vintage enables competitive positioning versus older assets with selective value-add potential.
- Population and household growth within a 3-mile radius expands the tenant base, supporting occupancy stability.
- Risks: owner-tilted submarket and thinner amenity density require focused marketing and renewal management.