| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 71st | Good |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Kentworth Dr, Holly Springs, NC, 27540, US |
| Region / Metro | Holly Springs |
| Year of Construction | 2009 |
| Units | 24 |
| Transaction Date | 2009-02-02 |
| Transaction Price | $4,640,000 |
| Buyer | MSS APARTMENTS LLC |
| Seller | MSS DEVELOPMENT LLC |
1000 Kentworth Dr Holly Springs Multifamily Opportunity
Household growth and rising incomes in the 3-mile area point to a deeper renter base over time, according to WDSuite’s CRE market data. Investor takeaway: a suburban location with strong amenities and an owner-leaning tenure mix that supports stable leasing with disciplined pricing.
Holly Springs (Wake County) presents a suburban profile with an A neighborhood rating and competitive standing within the Raleigh–Cary metro. The area ranks 42 out of 331 neighborhoods, placing it in the top quartile locally, which is consistent with strong livability and demand drivers that investors typically favor for long-term multifamily positioning.
Amenities are a relative strength: neighborhood-level data show grocery, parks, pharmacies, and restaurants indexed above national medians, while cafes are less dense. For renters, this translates into everyday convenience and solid neighborhood functionality without heavy reliance on long commutes for essentials.
Multifamily performance signals are mixed at the neighborhood level. Neighborhood occupancy sits below the national midpoint, suggesting more competitive lease-up dynamics and the need for careful rent setting and renewal management. At the same time, median contract rents have trended upward locally, and a rent-to-income profile in a manageable range supports retention potential rather than stressing turnover risk.
Tenure data reinforce an owner-leaning context: the neighborhood’s renter-occupied share is nearer the lower end of the spectrum. However, demographics aggregated within a 3-mile radius indicate robust expansion in recent years with additional growth expected, implying a larger tenant base even if renters remain a minority of households. Growing household counts and high educational attainment support steady demand for quality rentals, particularly larger floor plans.
Neighborhood safety indicators are comparatively favorable. Within the Raleigh–Cary metro, the area ranks 44 out of 331 on crime measures, which places it among the safer quartile locally. Nationally, overall crime metrics sit above average safety levels, with violent offense rates translating closer to the top decile of safer neighborhoods nationwide.
Property offense metrics compare well in the national context, but the most recent year-over-year trend shows a noticeable uptick. Investors may wish to monitor near-term trends and engage in standard property-level security measures, recognizing that safety can vary by micro-location and over time.
The nearby employment base is anchored by insurance, manufacturing/training, pharma distribution, and large corporate offices, supporting commuter convenience and a steady pool of higher-income renters reflected in the area’s household profiles.
- Erie Insurance Group — insurance (7.1 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance (8.8 miles)
- MetLife — insurance (13.4 miles)
- John Deere Morrisville Training Center — training center (14.0 miles)
- Amerisource Bergen — pharma distribution (14.6 miles)
Built in 2009, this 24-unit asset offers relatively modern construction that should be competitive against older stock while still benefiting from targeted upgrades as systems age. The Holly Springs location pairs suburban livability with strong amenity access and proximity to major employment corridors, supporting renter demand even as the neighborhood exhibits an owner-leaning tenure mix. Neighborhood occupancy trends point to competitive leasing conditions, but rising rents and a balanced rent-to-income profile suggest manageable affordability pressure and potential for steady retention.
Demographics aggregated within a 3-mile radius underscore the long-term thesis: substantial population and household growth in recent years, with further gains projected, indicate a larger tenant base over time. Income levels are high and growing, reinforcing the case for well-kept, larger floor plans. According to CRE market data from WDSuite, the area’s safety profile compares favorably within the metro and nationally, though recent property offense volatility warrants standard risk controls in underwriting.
- 2009 vintage offers competitive positioning with selective value-add potential
- Suburban amenities and proximity to major employers support tenant demand
- 3-mile area shows strong household and income growth, expanding the renter base
- Neighborhood occupancy below national midpoint favors disciplined leasing and renewals
- Risk: owner-leaning tenure and recent property offense volatility call for prudent underwriting