| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 46th | Fair |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1900 Brentmoor Dr, Raleigh, NC, 27604, US |
| Region / Metro | Raleigh |
| Year of Construction | 2003 |
| Units | 36 |
| Transaction Date | 2007-03-15 |
| Transaction Price | $18,450,000 |
| Buyer | LHNH BRENTMOOR LLC |
| Seller | WESTDALE BRENTMOOR LLC |
1900 Brentmoor Dr, Raleigh NC Multifamily Investment
Neighborhood renter demand appears supported by steady occupancy and manageable rent-to-income levels, according to WDSuite’s CRE market data. A balanced ownership landscape and rising household counts point to a stable tenant base with disciplined rent growth potential.
Located in an inner-suburb pocket of Raleigh, the neighborhood rates C+ and sits below the metro median (ranked 228 among 331 Raleigh-Cary neighborhoods). Restaurant density is competitive among Raleigh-Cary neighborhoods (top quintile nationally), while grocery access is solid; however, neighborhood-serving cafes, parks, and pharmacies are limited. For investors, this mix suggests everyday convenience with some amenity gaps that may influence leasing preferences toward properties offering on-site features.
The housing stock skews slightly newer than the area average: this property was built in 2003 versus a neighborhood average vintage of 1996. Newer construction can support competitive positioning versus older product, though investors should still plan for system updates and cosmetic refreshes typical of early-2000s assets.
At the neighborhood level, about 39.6% of housing units are renter-occupied (above most peers in the metro), indicating a meaningful renter concentration and deeper tenant pool. Neighborhood occupancy is roughly stable around the low-90s with a modest multi-year uptick, which supports leasing consistency while leaving room for operational improvements.
Within a 3-mile radius, households have increased even as population edged slightly lower, signaling smaller household sizes and sustained demand for rental units from singles and couples. Median household incomes are mid-range for the metro and the rent-to-income profile around the area remains manageable, which can aid retention. Home values are elevated for the region but not extreme, implying that while ownership remains attainable for some, multifamily remains a practical option that can sustain renter reliance and occupancy.
Relative to the Raleigh-Cary metro, the neighborhood’s safety metrics trend below the metro average (crime rank 234 out of 331). Nationally, the area falls in lower safety percentiles, indicating higher reported incidents than many neighborhoods across the country. Recent trends are mixed: estimated violent offenses increased year over year, while estimated property offenses declined. Investors should underwrite with prudent security measures and loss-prevention planning, and monitor whether recent patterns stabilize or improve.
Raleigh’s proximity to major insurance, life sciences, and logistics employers supports a broad workforce renter base and commute convenience for residents. The following nearby employers concentrate within roughly 12–15 miles and can help underpin leasing and retention.
- MetLife — insurance (11.8 miles)
- Erie Insurance Group — insurance (12.7 miles)
- John Deere Morrisville Training Center — industrial equipment training (13.3 miles)
- Amerisource Bergen — pharmaceutical distribution (13.3 miles)
- Quintiles Transnational Holdings — contract research organization (14.8 miles) — HQ
Constructed in 2003 with 36 units, 1900 Brentmoor Dr offers relatively newer-vintage positioning compared with nearby stock, supporting competitiveness against older assets while still allowing targeted value-add through modernization and system upgrades. Neighborhood data indicate a meaningful renter base and stable occupancy, and within a 3-mile radius, growth in household counts points to a larger tenant base that can support occupancy stability and lease retention.
Ownership costs in the area are moderate in the regional context, reinforcing sustained reliance on rentals without eliminating move-up ownership options. According to CRE market data from WDSuite, restaurant and grocery access are strengths locally, though limited parks and pharmacies may put a premium on on-site amenities. Safety metrics trail metro norms, so underwriting should incorporate appropriate security and insurance assumptions.
- 2003 vintage enables competitive positioning with selective value-add for rent and NOI uplift
- Neighborhood renter concentration and steady occupancy support leasing stability
- 3-mile household growth indicates a larger tenant base and supports demand durability
- Proximity to diversified employers within ~12–15 miles underpins workforce housing demand
- Risks: safety metrics below metro average and amenity gaps (parks/pharmacies) warrant prudent operations