| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 70th | Good |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Hyde Park Ct, Cary, NC, 27513, US |
| Region / Metro | Cary |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 Hyde Park Ct, Cary NC Multifamily Investment
Well-located in Cary’s inner suburbs, the asset benefits from a deep renter base and mid-90s neighborhood occupancy, according to WDSuite’s CRE market data. This positioning supports steady demand and pricing discipline for investors conducting commercial real estate analysis.
Cary’s Inner Suburb setting ranks in the top quartile among 331 Raleigh–Cary neighborhoods (A-rated), indicating competitive livability and investment appeal. Neighborhood occupancy trends sit in the mid-90s, and the share of renter-occupied units is high relative to the metro (top quartile among 331), signaling depth in the tenant pool and supportive leasing conditions based on CRE market data from WDSuite.
Amenities favor daily convenience: grocery, restaurant, park, and pharmacy access all benchmark above most neighborhoods nationally (roughly 80th–85th percentiles), while café density is limited. For investors, that mix tends to support routine resident needs and retention while leaving room for future lifestyle retail growth.
Within a 3-mile radius, households have increased over the last five years and are projected to expand meaningfully over the next five, pointing to a larger tenant base and healthy absorption potential. Median household incomes are strong and rising, which supports rent collections and reduces turnover risk.
Ownership costs in the area are elevated relative to incomes, which reinforces reliance on multifamily rentals and can bolster lease-up velocity and pricing power for well-positioned assets. The 1989 vintage is newer than the neighborhood’s average construction year (1975), providing a competitive edge versus older stock; investors should still plan for targeted system updates and modernization to sustain positioning.
Safety indicators place the neighborhood around the national mid-pack overall, with property crime higher than national norms but trending downward. WDSuite’s CRE market data also shows notable year-over-year declines in both property and violent offenses, suggesting improving conditions rather than a deterioration trend.
Relative to other Raleigh–Cary neighborhoods (331 total), the area is competitive in several quality-of-life factors, and recent crime trend improvements are a constructive signal for long-term asset performance. As always, investors should underwrite with current, property-specific security measures and insurer feedback.
Proximity to established corporate offices supports renter demand through short commutes and diversified white-collar employment. The nearby base includes MetLife, John Deere, AmerisourceBergen, and Erie Insurance, with additional large life sciences and services players in the surrounding corridor.
- MetLife — insurance (2.2 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance (3.2 miles)
- John Deere Morrisville Training Center — industrial & training (3.7 miles)
- Amerisource Bergen — pharmaceuticals distribution (4.0 miles)
- Erie Insurance Group — insurance (4.8 miles)
This 24-unit, 1989-vintage asset sits in a top-quartile Cary neighborhood where renter concentration is high for the metro and neighborhood occupancy remains in the mid-90s. According to CRE market data from WDSuite, access to strong daily amenities and a growing 3-mile household base underpin stable leasing, while elevated ownership costs help sustain rental demand.
Relative to older area stock, the vintage offers competitive positioning with straightforward value-add potential via select interior and systems upgrades. Forward household and income growth in the 3-mile radius point to a larger tenant base and support for rent levels, though prudent underwriting should acknowledge mixed but improving safety metrics and normalizing occupancy versus peak levels.
- Top-quartile Cary location with mid-90s neighborhood occupancy supporting income durability
- High renter-occupied share in the metro context indicates depth of tenant demand
- 1989 vintage competitive versus older stock with targeted value-add and modernization upside
- Daily-need amenities rank strong nationally, reinforcing retention and leasing stability
- Risks: property crime above national norms and occupancy easing from prior peaks warrant conservative underwriting