| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 51st | Fair |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 Aragon Dr, Knightdale, NC, 27545, US |
| Region / Metro | Knightdale |
| Year of Construction | 2008 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1201 Aragon Dr, Knightdale NC Multifamily Investment
Neighborhood occupancy is near full and renter demand is supported by steady household growth, according to WDSuite’s CRE market data. The property s suburban positioning in the Raleigh-Cary metro suggests durable leasing with measured pricing power.
Knightdale s Inner Suburb setting offers daily-life convenience with groceries, parks, and pharmacies present at levels that are competitive within the metro. Amenity access ranks in the top quartile among 331 Raleigh-Cary neighborhoods, translating to practical livability that helps with resident retention and day-to-day leasing performance.
Multifamily fundamentals are a relative strength: neighborhood occupancy is in the top quartile locally, signaling limited near-term supply slack and supporting rent collections. Median contract rents in the area sit above many peer neighborhoods in the metro, while the rent-to-income profile indicates manageable affordability pressure a combination that can sustain occupancy stability rather than push outsized turnover.
Tenure dynamics point to a meaningful renter base: roughly one-third of housing units are renter-occupied in the immediate neighborhood, and within a 3-mile radius renter concentration is similarly substantial. For investors, that depth supports ongoing leasing velocity while allowing for selective upgrades to capture value without relying on aggressive rent steps.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth, with forecasts pointing to additional increases through the mid-term. A rising share of higher-income households alongside a broad middle-income base expands the potential tenant pool and helps underpin renewal rates, especially for well-maintained suburban product.
School ratings trend below national averages, which may temper some household-driven demand segments. However, the broader Raleigh-Cary market s employment base and Knightdale s access to services continue to support consistent renter demand at workforce and middle-market price points.
Within the Raleigh-Cary metro, the neighborhood s safety profile sits near the middle of the pack (158 out of 331 neighborhoods). Compared with neighborhoods nationwide, safety percentiles are below average, indicating investors should underwrite to routine security measures and thoughtful site management.
Recent trends are mixed: property offense rates have eased year over year, while violent offense metrics showed short-term volatility. For investors, the takeaway is operational rather than structural prioritize lighting, access control, and resident engagement to support retention and mitigate risk.
The employment base accessible from Knightdale spans insurance services and distribution to training and life sciences, supporting commuter convenience and a broad renter pool. Nearby employers include MetLife, Erie Insurance Group, Amerisource Bergen, John Deere s training center, and IQVIA s corporate operations.
- MetLife Auto & Home Craig Conley LUTCF insurance services (17.1 miles)
- MetLife insurance (17.8 miles)
- Erie Insurance Group insurance (18.5 miles)
- Amerisource Bergen pharmaceutical distribution (19.3 miles)
- John Deere Morrisville Training Center manufacturing training center (19.3 miles)
Built in 2008, this 24-unit asset offers a relatively modern vintage for the submarket, positioning it competitively against older stock while leaving room for targeted value-add through interiors and common-area updates. Neighborhood occupancy sits in the top quartile locally and contract rents trend above many metro peers; according to CRE market data from WDSuite, this combination supports stable leasing and disciplined rent management rather than reliance on outsized increases.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, expanding the tenant base. Renter concentration is meaningful and is expected to edge higher, and ownership costs in the area are moderate relative to incomes factors that together support consistent demand but call for careful retention strategies. Key risks include below-average school ratings and mixed safety percentiles, which warrant prudent operations and amenity-focused improvements.
- 2008 vintage offers competitive positioning with selective value-add potential
- Top-quartile neighborhood occupancy and above-metro rent levels support leasing stability
- 3-mile radius shows growing population and households, expanding the renter pool
- Moderate rent-to-income dynamics favor retention-focused pricing power
- Risks: below-average school ratings and safety percentiles require proactive management