| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 32nd | Poor |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3000 Taybran Ln, Raleigh, NC, 27610, US |
| Region / Metro | Raleigh |
| Year of Construction | 2001 |
| Units | 20 |
| Transaction Date | 2016-11-30 |
| Transaction Price | $1,200,000 |
| Buyer | Quewhiffle Properties LLC |
| Seller | --- |
3000 Taybran Ln Raleigh 20-Unit Multifamily Asset
Neighborhood occupancy is competitive for the Raleigh-Cary metro and renter demand is supported by a higher renter concentration, according to WDSuite’s CRE market data. The asset’s 2001 vintage positions it to compete with older stock while leaving room for targeted updates to drive NOI.
Located in an inner-suburb pocket of Raleigh, the neighborhood shows competitive occupancy performance within the metro (ranked 130 among 331 neighborhoods), signaling stable leasing fundamentals relative to peers. Renter-occupied share is in the top quartile among 331 metro neighborhoods (rank 81), which points to a deeper tenant base and supports demand durability for a 20-unit community.
Everyday convenience is a local strength: access to groceries and pharmacies ranks competitively in the metro and sits above the national median, while parks are similarly favorable. Restaurant options are moderate and cafes are relatively limited, so lifestyle amenities lean practical over trendy—relevant for workforce-oriented renters seeking value and commute access.
Within a 3-mile radius, households have increased while average household size has edged lower, indicating more households even with modest population change. This dynamic typically expands the prospective renter pool and can support occupancy stability over time. Median incomes in the 3-mile radius have risen from prior periods, which may help absorption, though lease management should still account for affordability sensitivity where applicable.
The property’s 2001 construction offers a relative edge versus older inventory while still leaving clear value-add paths—such as system refreshes, common-area enhancements, or select interior upgrades—to maintain competitiveness against newer deliveries.
Safety indicators for the neighborhood are below the metro average, with a crime rank of 195 out of 331 Raleigh-Cary neighborhoods. Compared with U.S. neighborhoods nationally, the area falls in lower safety percentiles, suggesting investors should underwrite for prudent security measures and insurance assumptions.
Recent trends are mixed: estimated property offenses show a year-over-year improvement, while estimated violent offenses increased over the same period. For underwriting, this argues for practical on-site measures (lighting, access control) and close monitoring of policy and policing trends rather than assuming rapid normalization.
Proximity to regional employers supports renter demand and commute convenience for workforce housing. Nearby employment nodes include insurance, healthcare distribution, advanced manufacturing training, and large-scale corporate offices, which can aid leasing depth and retention for smaller units.
- MetLife Auto & Home Craig Conley LUTCF — insurance services (8.5 miles)
- Erie Insurance Group — insurance services (9.5 miles)
- MetLife — insurance (11.2 miles)
- John Deere Morrisville Training Center — manufacturing training (12.8 miles)
- Amerisource Bergen — healthcare distribution (13.1 miles)
3000 Taybran Ln offers a manageable 20-unit scale in an inner-suburban Raleigh location with competitive neighborhood occupancy and a renter-leaning housing stock that supports demand depth. According to CRE market data from WDSuite, local access to daily-needs amenities (groceries, pharmacies, parks) compares favorably, while cafes are thinner—aligning the asset with practical, commute-oriented renters. The 2001 vintage provides solid baseline quality with opportunities for targeted value-add to protect pricing power against newer supply.
Within a 3-mile radius, household counts have risen and average household size has trended smaller, which typically expands the renter pool and supports occupancy stability. At the same time, rent-to-income dynamics and safety indicators warrant conservative underwriting and proactive asset management, including resident retention strategies and sensible security investments.
- Competitive neighborhood occupancy versus metro peers supports leasing stability
- Higher renter concentration in the metro provides a deeper tenant base
- 2001 vintage enables targeted value-add to enhance NOI and positioning
- Daily-needs amenities nearby (groceries, pharmacies, parks) aid retention
- Risks: affordability pressure and below-metro-average safety call for conservative assumptions