| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 68th | Good |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 312 Wolf Creek Cir, Raleigh, NC, 27606, US |
| Region / Metro | Raleigh |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | 2021-07-15 |
| Transaction Price | $59,100,000 |
| Buyer | 403 WOLF CREEK LLC |
| Seller | VIE RALEIGH LLC |
312 Wolf Creek Cir Raleigh NC Multifamily Investment
According to WDSuite’s CRE market data, the surrounding neighborhood shows a very high share of renter-occupied units, which supports depth of tenant demand even as occupancy levels run softer than stronger Raleigh submarkets.
This inner-suburb location in Raleigh balances everyday convenience with investor-friendly renter dynamics. Neighborhood data indicate strong grocery access (competitive among Raleigh-Cary neighborhoods) while parks, pharmacies, and cafes are limited, suggesting tenants may rely on nearby corridors for recreation and services. Median home values in the neighborhood sit in a higher-cost ownership range relative to local incomes, which tends to reinforce reliance on multifamily rentals and can support pricing power when managed carefully.
For multifamily demand, the neighborhood’s renter-occupied share ranks 5th out of 331 metro neighborhoods, signaling a deep tenant base and leasing velocity potential at the property level. By contrast, neighborhood occupancy performance trails many Raleigh peers, so operators should plan for targeted leasing and renewal strategies to sustain stability.
Demographic statistics aggregated within a 3-mile radius show a modest decline in population alongside a small increase in household count, reflecting smaller household sizes and a renter pool supported by younger adult cohorts. Forecasts point to a notable increase in households over the next five years, which implies a larger local tenant base and supports occupancy and rent growth prospects near the property.
The property’s 2002 construction is newer than the neighborhood’s average vintage, offering competitive positioning versus older stock. Investors should still expect routine modernization and system updates over the hold to maintain appeal and operational efficiency.
Safety indicators for the neighborhood are comparatively weaker than many Raleigh-Cary areas. The neighborhood’s crime rank sits in the lower half of the metro (211 out of 331 neighborhoods), and national percentiles suggest it is less safe than many U.S. neighborhoods. Recent trends are mixed: property offenses have edged lower year over year, while violent offenses show an uptick. Investors typically account for these dynamics through security measures, resident screening, and targeted community engagement.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, including MetLife Auto & Home (Craig Conley), MetLife, Erie Insurance Group, John Deere Morrisville Training Center, and Amerisource Bergen.
- MetLife Auto & Home Craig Conley LUTCF — insurance services (3.4 miles)
- MetLife — insurance (4.89 miles)
- Erie Insurance Group — insurance (5.12 miles)
- John Deere Morrisville Training Center — industrial equipment training (6.45 miles)
- Amerisource Bergen — healthcare distribution (6.77 miles)
312 Wolf Creek Cir is a 24-unit asset built in 2002, positioned in a neighborhood with a very high share of renter-occupied housing. That depth of renter demand can underpin leasing velocity and renewals even as neighborhood occupancy runs softer than stronger Raleigh submarkets. Within a 3-mile radius, households are projected to increase materially over the next five years, enlarging the local tenant base and supporting long-term absorption. Elevated ownership costs relative to incomes at the neighborhood level reinforce reliance on rentals, while current rent-to-income levels suggest manageable affordability pressure and potential for measured pricing power.
The 2002 vintage offers a competitive edge versus older area stock, though investors should plan for selective modernization to sustain positioning. According to commercial real estate analysis from WDSuite, nearby amenities skew toward essential retail and dining, with fewer parks and cafes, implying residents prioritize convenient access to services along key corridors.
- High renter concentration (ranked 5th of 331 metro neighborhoods) supports depth of tenant demand
- 3-mile household growth outlook expands the local renter pool, aiding occupancy stability
- 2002 vintage competes well against older stock; targeted updates can enhance rentability
- Elevated ownership costs at the neighborhood level can sustain rental reliance and pricing power
- Risks: softer neighborhood occupancy and comparatively weaker safety metrics require active leasing and property management