| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 82nd | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1601 Amber Ridge Ln, Raleigh, NC, 27607, US |
| Region / Metro | Raleigh |
| Year of Construction | 1995 |
| Units | 20 |
| Transaction Date | 2008-03-03 |
| Transaction Price | $24,084,500 |
| Buyer | TH PROPERTY OWNER 10 LP |
| Seller | THE PARKE AT TRINITY LLC |
1601 Amber Ridge Ln Raleigh Investor Snapshot
Neighborhood fundamentals point to a deep renter base and durable demand, according to WDSuite’s CRE market data, supporting steady leasing conditions for well-positioned assets in this inner suburb of Raleigh.
Located in an inner suburb of the Raleigh–Cary metro, the neighborhood holding 1601 Amber Ridge Ln is rated A and ranks in the top quartile among 331 metro neighborhoods, signaling competitive location fundamentals for income property. Demographic strength scores as top quartile nationally, which typically supports tenant demand and absorption relative to many U.S. neighborhoods, per commercial real estate analysis from WDSuite.
Amenities are mixed: cafes are comparatively prevalent (above national median), with restaurants and groceries available at moderate levels, while park and pharmacy access is limited. This pattern suggests most daily needs are reachable with short drives, but walkability and open-space appeal are not the primary drivers here. Investors should underwrite accordingly for convenience-oriented renters rather than lifestyle-by-walkability seekers.
Renter concentration in the neighborhood is high (renter-occupied share ranks near the top among metro peers), indicating a sizable tenant pool for multifamily operators and potential resilience for occupancy. Neighborhood occupancy trends sit closer to the middle of national comparisons, so leasing stability should be achievable but not assumed; asset quality, management, and pricing discipline remain important.
The property’s 1995 vintage is slightly newer than the neighborhood’s average construction year (1990), which can help competitive positioning versus older stock. Still, systems are no longer new; investors should anticipate selective modernization or common-area refresh to sustain rentability and reduce near-term capital surprises.
Within a 3-mile radius, households have grown even as average household size has trended smaller, pointing to more households competing for rental options and a broader tenant base. At the same time, home values in the neighborhood are elevated relative to national benchmarks, which tends to reinforce reliance on rentals and can support pricing power and retention when paired with prudent rent-to-income management.
Safety indicators for the neighborhood are weaker than both national and metro medians. Based on WDSuite data, the area ranks below the metro median for crime among 331 Raleigh–Cary neighborhoods and falls in lower national safety percentiles, indicating comparatively higher reported crime than many U.S. neighborhoods.
Recent momentum is mixed: property offenses have eased slightly year over year, while violent incidents show a higher year-over-year change. For investors, this suggests underwriting for enhanced security measures and attentive property management to support resident satisfaction and retention, while monitoring trend direction at the neighborhood level rather than block-by-block assumptions.
Proximity to regional employers supports workforce housing demand and commute convenience for renters. Notable nearby employers include MetLife, John Deere’s training center, AmerisourceBergen, Erie Insurance, and Quintiles (IQVIA).
- MetLife — insurance (4.2 miles)
- John Deere Morrisville Training Center — agricultural equipment training (5.8 miles)
- Amerisource Bergen — pharmaceutical distribution (6.0 miles)
- Erie Insurance Group — insurance (6.0 miles)
- Quintiles Transnational Holdings — clinical research (8.0 miles) — HQ
1601 Amber Ridge Ln benefits from a top-quartile neighborhood rank within the Raleigh–Cary metro and strong demographic positioning nationally, with a deep renter pool and household growth within a 3-mile radius contributing to leasing depth. Elevated local home values point to a high-cost ownership market, which can reinforce reliance on multifamily rentals and support rent levels when managed against incomes. According to CRE market data from WDSuite, neighborhood occupancy sits around mid-pack nationally, indicating that stable performance is achievable through asset quality and disciplined operations.
The 1995 vintage offers a modest edge versus older nearby stock, while still warranting selective capital planning for systems and interiors to sustain competitiveness. Limited park and pharmacy access suggests convenience-by-car rather than walkable lifestyle; underwriting that reflects this positioning, paired with proximity to major employers, can support steady leasing and retention.
- Top-quartile neighborhood rank among 331 metro peers supports location quality
- High renter-occupied share indicates a deep tenant base for multifamily demand
- Elevated ownership costs reinforce rental reliance, aiding pricing power when aligned with incomes
- 1995 vintage offers competitive positioning with value-add potential via targeted upgrades
- Risks: below-median safety metrics and limited walkability; prioritize security, management, and auto-oriented amenities