| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 74th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 10001 Yellow Wood Ln, Raleigh, NC, 27617, US |
| Region / Metro | Raleigh |
| Year of Construction | 2013 |
| Units | 42 |
| Transaction Date | 2010-11-23 |
| Transaction Price | $1,888,000 |
| Buyer | SELONA PARTNERS LLC |
| Seller | BRIER CREEK ASSOCIATES LIMITED PARTNERSH |
10001 Yellow Wood Ln Raleigh Multifamily Opportunity
Renter demand looks durable given an elevated renter-occupied share in the neighborhood and household growth nearby, while neighborhood occupancy trends sit around broader norms, according to WDSuite’s CRE market data. This positioning favors stable leasing with potential for selective rent optimization.
Located in Raleigh’s inner suburbs, the property benefits from a renter-occupied share that is high for the metro, signaling a deep tenant base for multifamily operators. Neighborhood occupancy is near national norms, suggesting generally steady lease-up and retention conditions without relying on outsized concessions.
Amenity access skews toward everyday convenience rather than destination retail. Cafes and pharmacies test as competitive among Raleigh-Cary neighborhoods, while restaurants are present though not dense by urban-core standards. Grocery and park density are thinner locally, so on-site offerings and last‑mile services may play a larger role in resident satisfaction.
Home values in the neighborhood are elevated relative to income, a pattern that tends to reinforce reliance on rental housing and can support pricing power for well-managed assets. For investors, a moderate rent-to-income profile indicates manageable affordability pressure that can aid renewal rates and reduce turnover costs.
Demographic trends within a 3‑mile radius point to strong fundamentals for multifamily: recent population and household growth have expanded the local renter pool, and forward-looking projections call for continued increases in households. This creates a larger tenant base over the medium term, supporting occupancy stability and absorption for quality product.
The property’s 2013 vintage is newer than the neighborhood’s average construction year. That positioning can provide a competitive edge versus older stock, though investors should still budget for mid‑life building system updates and targeted common-area refreshes to sustain rent premiums.
Safety indicators benchmark below national norms for neighborhoods, reflecting higher reported crime exposure than many U.S. areas. Conditions can vary block to block, and trends are subject to change, but investors should underwrite sensible measures such as lighting, access control, and resident engagement to support retention and asset performance.
Within the Raleigh-Cary metro context (331 neighborhoods), this area does not rank among the safer subareas. A practical approach is to ensure operating budgets account for security-forward property management and to align marketing with resident profiles that value well-maintained, professionally managed communities.
The employment base nearby blends life sciences, technology, and corporate services, supporting steady renter demand from professionals seeking short commutes. The listed employers below reflect that mix of office-driven jobs within an approximately five-mile radius.
- Quintiles Transnational Holdings — life sciences services (2.0 miles) — HQ
- Amerisource Bergen — pharmaceutical distribution (3.3 miles)
- John Deere Morrisville Training Center — industrial equipment training (4.0 miles)
- Biogen Idec — biotechnology offices (4.1 miles)
- Cisco Systems, Building 8 — networking technology (4.5 miles)
This 42‑unit asset built in 2013 sits in a neighborhood with a high share of renter‑occupied housing and occupancy trends near national norms—conditions that generally support stable leasing. According to CRE market data from WDSuite, local home values are elevated relative to incomes, which tends to sustain demand for multifamily and can support measured pricing power. The property’s newer vintage can be a competitive advantage versus older stock, with moderate capital planning for mid‑life systems and selective common‑area upgrades.
Within a 3‑mile radius, recent growth in population and households expands the tenant base, and projections point to additional household gains over the next five years. That growth, combined with strong nearby corporate employment, underpins demand for professionally managed apartments and supports occupancy stability across cycles.
- High renter-occupied share supports depth of demand and renewal potential
- Newer 2013 vintage provides competitive positioning versus older stock
- Household and population growth within 3 miles expand the tenant base
- Elevated ownership costs bolster reliance on rentals and pricing power
- Risks: below-average safety metrics, thinner grocery/park access, and the need to manage affordability pressure through thoughtful lease strategy