| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 89th | Best |
| Amenities | 41st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 181 Oak Chase Ln, Raleigh, NC, 27604, US |
| Region / Metro | Raleigh |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
181 Oak Chase Ln Raleigh Multifamily Investment
Stabilized neighborhood fundamentals and a deep renter pool point to steady operations, according to WDSuite’s CRE market data. Positioning near key employment corridors supports durable leasing and potential retention.
The property sits in an A- rated, suburban pocket of Raleigh that is competitive among Raleigh-Cary neighborhoods (ranked 55 of 331). Restaurant access is comparatively strong for the metro, while everyday conveniences such as groceries also track above typical levels. Cafés, parks, and pharmacies are thinner in the immediate area, so day-to-day amenity appeal leans more toward dining and essentials than lifestyle retail.
Neighborhood occupancy is approximately 95.4%, suggesting stable tenant demand and supporting income consistency. Median contract rents are moderate for the metro, and a rent-to-income ratio near 0.11 indicates manageable affordability pressure—useful for pricing power and renewal strategy. The share of renter-occupied housing at the neighborhood level is about one-third, which points to a mixed-tenure area; however, within a 3-mile radius, renter concentration is higher, expanding the addressable tenant base for multifamily.
Demographic indicators aggregated within a 3-mile radius show recent population growth and a notable increase in total households, with forecasts calling for further gains alongside smaller average household sizes. This combination typically supports renter pool expansion, steadier absorption, and occupancy resilience. Higher household incomes relative to many U.S. neighborhoods, coupled with elevated local home values, create a high-cost ownership market that tends to reinforce reliance on multifamily rentals—favorable for lease retention and measured rent growth.
Vintage matters: with construction in 2002 against an older neighborhood housing stock, the asset should compare well to nearby product built to earlier standards. Investors can underwrite competitive positioning versus older properties, while still planning for mid-life system updates or selective renovations to sustain rents and reduce frictional vacancy. For investors prioritizing commercial real estate analysis, these neighborhood dynamics point to balanced growth with operational durability.
Safety indicators are mixed. Relative to the Raleigh-Cary metro, the neighborhood’s overall crime rank (107 of 331) is competitive among peers; nationally, comparative measures sit below the median, so investors should underwrite prudent security and loss assumptions. Property offense estimates have improved meaningfully year over year, a constructive trend to monitor alongside stabilized operations.
Proximity to established employers underpins workforce housing demand and supports leasing stability. Nearby corporate offices span insurance, life sciences, logistics, and technology, providing a diversified employment base for commuters.
- MetLife Auto & Home Craig Conley LUTCF — insurance services (8.7 miles)
- MetLife — insurance (9.6 miles)
- Erie Insurance Group — insurance (10.2 miles)
- John Deere Morrisville Training Center — industrial equipment training (11.1 miles)
- Amerisource Bergen — pharmaceutical distribution (11.3 miles)
- Quintiles Transnational Holdings — clinical research (12.9 miles) — HQ
- Biogen Idec — biotechnology offices (13.8 miles)
- Cisco Systems, Building 8 — technology (14.2 miles)
- Cisco Systems — technology (14.6 miles)
181 Oak Chase Ln is a 24-unit, 2002-vintage asset with average unit sizes around 770 sq. ft., positioned in a neighborhood that shows stable occupancy and solid household incomes. Based on CRE market data from WDSuite, nearby occupancy trends in the mid-90s and a rent-to-income profile near 0.11 indicate room for measured pricing without outsized retention risk. Elevated ownership costs in the area further support sustained renter reliance, while the asset’s vintage should compare favorably to older local stock—though investors should plan for mid-life system updates.
Within a 3-mile radius, recent population growth and a larger increase in household count—alongside forecasts for further gains and smaller household sizes—support a deeper tenant base and steady absorption. Access to diversified employers across insurance, life sciences, logistics, and technology adds commute convenience, helping underpin leasing durability over the hold.
- Stabilized neighborhood occupancy supports income consistency and reduces downtime risk.
- 2002 vintage offers competitive positioning versus older stock with targeted CapEx for systems and finishes.
- 3-mile demographics point to renter pool expansion, aiding lease-up and renewal performance.
- Proximity to diversified employers supports commute convenience and tenant retention.
- Risks: safety metrics below national medians and thinner lifestyle amenities in the immediate area warrant prudent underwriting.