| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 82nd | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1410 Beeler Rd, Raleigh, NC, 27607, US |
| Region / Metro | Raleigh |
| Year of Construction | 2012 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1410 Beeler Rd Raleigh Multifamily Near RTP Employers
The neighborhood shows a high share of renter-occupied housing and elevated ownership costs that tend to support sustained apartment demand, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of Raleigh, the area around 1410 Beeler Rd rates competitively among Raleigh-Cary neighborhoods (A rating; 45th of 331), with renter demand supported by a high renter-occupied share at the neighborhood level. Median contract rents are positioned above many U.S. neighborhoods (roughly top quartile nationally), while the neighborhood occupancy rate trends a bit below the national middle, suggesting the need for active leasing and retention strategies.
Construction skews newer than much of the metro’s housing stock, and the property’s 2012 vintage should compare favorably to the neighborhood’s average 1990 vintage—supporting relative competitiveness versus older assets while still warranting standard mid-life capital planning.
Within a 3-mile radius, households expanded over the last five years even as total population edged lower, indicating smaller household sizes and a broader renter pool; forward-looking estimates point to additional household growth through the forecast period, which typically supports occupancy stability and lease-up velocity for multifamily. Income metrics in the neighborhood sit above the national midpoint and the rent-to-income profile is moderate, which can aid tenant retention and reduce turnover volatility.
Everyday convenience is reasonable: café density sits around the 74th national percentile, groceries near the 63rd, and restaurants near the mid-50s, though immediate access to parks and pharmacies inside the neighborhood is limited. Elevated home values and a high value-to-income ratio indicate a high-cost ownership market locally, which often reinforces renter reliance on multifamily housing and supports pricing power in professionally managed communities.
Safety conditions should be evaluated as part of underwriting. Compared with neighborhoods nationwide, this area ranks below average for safety (property and violent offense rates sit in lower national percentiles), and within the Raleigh-Cary metro it is not among the safest sub-areas (crime rank 208 out of 331 neighborhoods). Recent trends are mixed, with a modest year-over-year improvement in property offense estimates but an uptick in estimated violent offenses. Investors commonly account for this with on-site security, lighting, and resident screening, and by benchmarking insurance and operating costs accordingly.
The location is proximate to a diversified white-collar employment base that supports renter demand and commute convenience, including major insurance, life sciences, and corporate services offices: MetLife, John Deere Morrisville Training Center, AmerisourceBergen, Erie Insurance Group, and Quintiles (IQVIA).
- MetLife — insurance (4.2 miles)
- John Deere Morrisville Training Center — industrial equipment training (5.8 miles)
- Amerisource Bergen — pharmaceutical distribution (6.0 miles)
- Erie Insurance Group — insurance (6.2 miles)
- Quintiles Transnational Holdings — clinical research (7.9 miles) — HQ
This 24-unit property, built in 2012, benefits from a neighborhood with a deep renter base and ownership costs that skew high relative to incomes—factors that typically sustain multifamily demand. Based on CRE market data from WDSuite, neighborhood rents are elevated versus many U.S. areas while occupancy sits below the national middle, pointing to a market where thoughtful leasing, renewals, and amenity positioning can drive performance.
Proximity to a broad employment base in and around Research Triangle Park underpins demand, and the property’s newer vintage provides a competitive edge against older stock, with capital planning focused more on modernization and select value-add rather than major systems replacements. Three-mile demographics indicate growing household counts and rising incomes in the forecast window, supporting a larger tenant base and potential for steady lease-up and retention.
- Deep neighborhood renter base and elevated ownership costs reinforce multifamily demand
- 2012 vintage offers competitive positioning versus older stock with manageable capital plans
- Household growth within a 3-mile radius supports a larger tenant base and retention
- Access to major RTP employers supports leasing velocity and renewal stability
- Risks: occupancy below national middle and below-average safety metrics warrant focused leasing and security