| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 71st | Good |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 215 W Earp St, Holly Springs, NC, 27540, US |
| Region / Metro | Holly Springs |
| Year of Construction | 2000 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
215 W Earp St, Holly Springs NC Multifamily Opportunity
Stabilized suburban location with an A-rated neighborhood profile and steady renter demand drivers, according to WDSuite s CRE market data. Vintage 2000 construction and a 41-unit scale support a pragmatic, operations-focused investment thesis.
Holly Springs sits within the Raleigh Cary metro and this neighborhood is competitive among Raleigh Cary neighborhoods (ranked 42 of 331) with an A rating, reflecting solid fundamentals for suburban multifamily. Neighborhood occupancy is currently below national mid-range levels, so lease management and marketing execution matter; however, median contract rents have risen over the last five years and renter demand is supported by local incomes and services, based on CRE market data from WDSuite.
Daily-needs access is a relative strength: grocery, parks, and pharmacies rank near the front of the metro pack (ranks 36, 39, and 44 of 331; each around the 79 83rd national percentile). Restaurant density also outperforms most areas of the country, while cafe density is lighter and points to a quieter suburban fabric. For investors, this mix supports resident convenience and retention even without an urban amenity profile.
Tenure patterns indicate a modest renter-occupied share at the neighborhood level (about one-quarter of housing units). That depth, while not urban-heavy, is sufficient for a 41-unit asset and suggests a stable, family-oriented renter base where renewal strategy and targeted marketing can sustain occupancy.
Within a 3-mile radius, population and households have expanded meaningfully over the past five years, with additional gains projected. Forecasts also show smaller average household sizes by 2028, which typically creates more households relative to population and can expand the renter pool. Rising median household incomes in this radius further support rent collections and pricing power, while a rent-to-income positioning near the mid-teens locally implies manageable affordability pressure and potential for steady lease retention.
Home values in this neighborhood are elevated relative to many U.S. areas yet remain in a range that does not preclude renting. This ownership cost context can reinforce renter reliance on multifamily housing and support occupancy stability, while investors should monitor new supply and renewal outcomes given the area s below-median occupancy reading versus national peers.
Neighborhood safety indicators compare favorably to many U.S. neighborhoods. Violent offenses are in the top quartile nationally for safety (around the 87th percentile), and the area ranks competitively within the Raleigh Cary metro (crime rank 44 of 331). These signals support resident appeal and leasing stability.
Recent trends show a notable uptick in property offenses year over year, even as violent offense trends have been broadly stable. Investors should monitor police reports and local trend lines as part of ongoing risk management, recognizing that percentile comparisons are relative and can shift with reporting and regional cycles.
Proximity to regional employers supports commute convenience and a diversified renter base, led by insurance, healthcare distribution, technology, and life sciences. Notable nearby employers include Erie Insurance Group, MetLife, John Deere s training center, AmerisourceBergen, Cisco, Biogen, and Quintiles Transnational Holdings.
- Erie Insurance Group D insurance (6.1 miles)
- MetLife Auto & Home Craig Conley LUTCF D insurance (7.8 miles)
- MetLife D insurance (12.3 miles)
- John Deere Morrisville Training Center D industrial training (12.9 miles)
- Amerisource Bergen D pharmaceutical distribution (13.5 miles)
- Cisco Systems, Building 8 D technology (14.3 miles)
- Biogen Idec D biotechnology (14.3 miles)
- Cisco Systems D technology (14.6 miles)
- Quintiles Transnational Holdings D clinical research (15.6 miles) D HQ
Built in 2000, the property s vintage offers contemporary layouts relative to older stock in the region and may require targeted modernization to sharpen competitive positioning. The A-rated neighborhood is competitive within the Raleigh Cary metro (42 of 331), with strong daily-needs access and a renter base supported by above-average local incomes. Neighborhood occupancy sits below national mid-range levels, so operational focus on renewals, marketing, and unit readiness is key. Within a 3-mile radius, population and households have grown and are projected to rise further, pointing to a larger tenant base that can support occupancy stability and disciplined rent growth.
Ownership costs are elevated enough to sustain multifamily rental demand, and rent-to-income positioning suggests manageable affordability pressure for many renters. According to CRE market data from WDSuite, median rents have advanced over the past five years, while proximity to diversified employers across insurance, technology, and life sciences underpins leasing resilience. Primary risks include the area s below-median occupancy reading versus national peers and a recent uptick in property offenses, which warrant vigilant asset management and community engagement.
- 2000 vintage with potential for targeted upgrades to enhance competitiveness
- Competitive A-rated neighborhood in Raleigh Cary with strong daily-needs access
- 3-mile radius shows population and household growth, expanding the renter pool
- Proximity to insurance, tech, and life sciences employers supports demand
- Risks: below-median neighborhood occupancy and recent property offense uptick