| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 88th | Best |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1110 Falls River Ave, Raleigh, NC, 27614, US |
| Region / Metro | Raleigh |
| Year of Construction | 1999 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1110 Falls River Ave Raleigh Multifamily Investment
Positioned in an A-rated, suburban Raleigh neighborhood with steady, low-90s occupancy, this 1999-vintage asset targets a high-income renter base, according to WDSuite’s CRE market data, supporting stable demand with potential value-add upside.
The property sits in a suburban enclave of Raleigh that ranks 50 out of 331 metro neighborhoods, placing it in the top quartile among Raleigh-Cary submarkets for overall neighborhood quality. School quality is a standout: average ratings are at the top of the metro (1 of 331) and top tier nationally, an attribute that typically bolsters leasing stability for family-oriented renters.
Amenity access is mixed. Parks score in the upper range nationally (around the 75th percentile), while neighborhood retail density is thinner, with limited cafes and grocery options nearby—conditions that can favor car-oriented renters. Median contract rents in the neighborhood benchmark in the upper national range (around the 79th percentile), signaling pricing power relative to many U.S. peers, while the neighborhood’s occupancy rate sits around the metro middle, indicating generally steady absorption.
Tenure patterns suggest a primarily owner-occupied area with a moderate renter base: renter-occupied share is roughly a third of units in the neighborhood. For investors, this points to a stable but selective pool of multifamily demand rather than a heavily renter-dominated corridor—often supportive of retention in well-managed, quality assets.
Demographic statistics aggregated within a 3-mile radius show a slight population dip over the past five years alongside smaller household sizes, yet forecasts point to meaningful growth ahead: population and households are projected to expand into the next five-year window. Strong incomes (with medians in six figures) and a moderate rent-to-income profile at the neighborhood level suggest manageable affordability pressures, while elevated home values in the area reinforce reliance on multifamily rentals for many households.
Safety indicators are mixed and should be weighed in underwriting. Relative to the 331 Raleigh-Cary neighborhoods, this area trends below the metro average for safety (crime rank 206 of 331). Nationally, the neighborhood falls in lower safety percentiles, and recent year-over-year estimates indicate increases in both property and violent offense rates. For investors, the takeaway is to budget for routine security measures and emphasize property-level controls (lighting, access, and monitoring) to support resident retention.
Proximity to major employers in insurance, pharma distribution, corporate training, and life sciences underpins a diversified commuter base that can support renter demand and retention. Nearby anchors include MetLife, AmerisourceBergen, John Deere’s training center, Quintiles, and MetLife Auto & Home.
- MetLife — insurance (13.0 miles)
- Amerisource Bergen — pharma distribution (13.8 miles)
- John Deere Morrisville Training Center — corporate training (14.1 miles)
- Quintiles Transnational Holdings — life sciences (14.3 miles) — HQ
- MetLife Auto & Home Craig Conley LUTCF — insurance services (15.0 miles)
1110 Falls River Ave offers exposure to a high-quality Raleigh neighborhood where schools rank at the top of the metro and rents benchmark above national averages. The neighborhood’s renter concentration is moderate, which typically supports stable tenancy for well-operated assets. Population and household counts within a 3-mile radius are projected to grow over the next five years, expanding the renter pool and supporting occupancy stability. Based on CRE market data from WDSuite, neighborhood occupancy trends around the metro middle suggest dependable absorption, while a moderate rent-to-income profile indicates room for disciplined rent management.
Built in 1999, the property is slightly older than nearby stock on average, creating a clear, targeted value-add path through selective interior updates and systems modernization to enhance competitive positioning against newer product. Investors should balance strengths like income depth and top-tier schools with pragmatic considerations around lower amenity density and safety benchmarking below metro averages.
- Top-of-metro school quality and high-income renter base support retention
- Neighborhood rents above national averages with a moderate rent-to-income profile
- 1999 vintage enables focused value-add and CapEx-driven upgrades
- Risks: below-metro safety benchmarks and thinner walkable amenities may require stronger property-level programming