| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 45th | Poor |
| Amenities | 70th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2830 Kidd Rd, Raleigh, NC, 27610, US |
| Region / Metro | Raleigh |
| Year of Construction | 1997 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2830 Kidd Rd, Raleigh NC Multifamily Opportunity
Neighborhood occupancy near 89% and a high renter concentration indicate steady tenant demand for smaller units, according to WDSuite s CRE market data. Positioning focuses on workforce renters in an inner-suburb location with daily-needs access and pricing that competes on value rather than amenities.
This inner-suburb location in Raleigh offers everyday convenience for renters: grocery coverage is strong and dining density is competitive among Raleigh Cary neighborhoods (ranked 20 out of 331 for restaurants). Neighborhood-level schools also score among the highest in the metro (ranked 1 of 331; average rating 5.0), a supportive indicator for family-oriented demand and lease retention.
Amenity access trends solid at the neighborhood scale (ranked 22 of 331 for overall amenities), with above-average proximity to pharmacies and childcare relative to national norms. These factors help smaller floor plans remain attractive by reducing commute friction for daily needs and supporting stable occupancy.
The property s 1997 vintage is newer than the area s older housing stock (neighborhood average year built is 1965). That typically improves competitive positioning against nearby legacy assets, while still warranting capital planning for systems modernization and light renovations to sustain renter appeal.
Within a 3-mile radius, population and household counts have been growing and are projected to continue increasing, supporting a larger tenant base over the next five years. Median contract rents have trended up while remaining aligned with workforce demand, and elevated regional home values point to a high-cost ownership market that tends to sustain reliance on multifamily rentals. Based on commercial real estate analysis from WDSuite, this mix supports occupancy stability but calls for thoughtful rent setting and renewal management as incomes and rents evolve.
Safety metrics for the neighborhood trail both metro and national benchmarks. The neighborhood s crime rank sits at 238 out of 331 Raleigh Cary neighborhoods, and national percentiles for violent and property offenses are low (both in the single digits), indicating comparatively higher reported incidents than many areas nationwide. Investors typically plan for visibility, lighting, and partnership with professional management to support resident confidence and retention.
Proximity to Raleigh Cary s insurance, life sciences, and corporate services employers supports commuter convenience and renter demand, particularly for workforce and entry professional households tied to: Erie Insurance Group, MetLife, John Deere s training operations, AmerisourceBergen, and Quintiles (IQVIA).
- Erie Insurance Group — insurance (12.4 miles)
- MetLife — insurance (12.5 miles)
- John Deere Morrisville Training Center — industrial training (14.1 miles)
- Amerisource Bergen — healthcare distribution (14.2 miles)
- Quintiles Transnational Holdings — clinical research (15.8 miles) — HQ
2830 Kidd Rd offers a pragmatic workforce housing play in an inner-suburb submarket where neighborhood occupancy is close to 89% and renter-occupied housing is prevalent, supporting depth of the tenant base. The 1997 vintage is newer than much of the surrounding stock, providing relative competitiveness while still benefiting from targeted renovations and systems updates to drive rentability and cost control over the hold. Elevated ownership costs in the area help sustain renter reliance on multifamily, while strong neighborhood schooling and daily-needs access bolster retention.
Within a 3-mile radius, population and households have been expanding and are projected to grow further, reinforcing renter pool expansion and occupancy stability. At the same time, rent-to-income ratios indicate some affordability pressure, so disciplined lease management and unit-level value creation are important. According to CRE market data from WDSuite, the balance of deep renter demand, high-cost ownership, and a newer vintage relative to the neighborhood supports a durable, operations-focused thesis with selective value-add upside.
- Inner-suburb location with strong daily-needs access and top-ranked neighborhood schools supports retention
- 1997 vintage competes well versus older local stock; scope for targeted renovations and systems upgrades
- Deep renter base and high-cost ownership market sustain multifamily demand and leasing velocity
- 3-mile population and household growth trends support tenant base expansion and occupancy stability
- Risks: below-average safety metrics and affordability pressure require proactive management and security planning