| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 81st | Best |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 320 The Greens Cir, Raleigh, NC, 27606, US |
| Region / Metro | Raleigh |
| Year of Construction | 2013 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
320 The Greens Cir Raleigh 2013 Multifamily Investment
Institutional-scale, 96-unit asset positioned for durable renter demand; according to WDSuite’s CRE market data, neighborhood occupancy is in the mid-90s with a meaningful share of renter-occupied housing that supports stable leasing.
Situated in an Inner Suburb setting within the Durham-Chapel Hill metro, the neighborhood is competitive among Durham-Chapel Hill neighborhoods (ranked 53 out of 211), signaling well-rounded fundamentals for multifamily. Neighborhood occupancy is competitive among metro peers, and rents sit near metro norms, supporting predictable collections and manageable turnover for a professionally managed property.
The local housing stock skews older (average vintage around the 1960s), which positions a 2013 asset as relatively newer and operationally competitive versus many alternatives, while still warranting routine system maintenance planning as the property ages. A renter-occupied share that sits above most neighborhoods nationally indicates depth in the tenant base and supports ongoing demand for apartments.
Within a 3-mile radius, demographics show recent population and household growth, with further expansion projected through 2028, broadening the renter pool and helping support occupancy stability. Household incomes in the immediate area have been rising, and ownership costs in the neighborhood are elevated relative to incomes, which reinforces reliance on multifamily housing and can underpin pricing power when managed with attention to retention.
Amenity density inside the neighborhood boundaries is modest, with limited immediate retail and cafes; investors should underwrite convenience via nearby corridors rather than on-block walkability. Even so, childcare access ranks above the metro median (ranked 10 of 211), which can aid family-oriented renter retention.
Safety indicators are mixed. The neighborhood’s crime rank (46 out of 211 metro neighborhoods) suggests crime levels that are higher than many metro peers, and national percentiles place the area around the middle of U.S. neighborhoods overall. Notably, both property and violent incident rates have declined meaningfully over the past year, indicating an improving trend according to CRE market data from WDSuite. Investors may wish to monitor sub-neighborhood trends and emphasize on-site security and lighting in capital plans.
Proximity to major Research Triangle employers supports a deep professional renter base and commute convenience for residents, including clinical research, biotech, networking technology, and pharmaceutical distribution employers listed below.
- Quintiles Transnational Holdings — clinical research (9.6 miles) — HQ
- Cisco Systems — networking technology (10.4 miles)
- Biogen Idec — biotech (10.6 miles)
- Cisco Systems, Building 8 — networking technology (10.6 miles)
- Amerisource Bergen — pharmaceutical distribution (11.9 miles)
This 96-unit property built in 2013 offers a newer-vintage alternative to an older local housing base, which can enhance leasing velocity and reduce near-term obsolescence risk versus many nearby assets. Based on commercial real estate analysis from WDSuite, neighborhood occupancy remains competitive among metro peers, and elevated ownership costs relative to incomes reinforce sustained reliance on rental housing, supporting rent durability when paired with strong retention practices.
Within a 3-mile radius, population and households have grown and are projected to expand further through 2028, pointing to a larger tenant base over time. A meaningful share of renter-occupied housing units in the neighborhood indicates depth of demand, while rising incomes and moderate rent-to-income levels support collections and renewal potential. Investors should still underwrite for modest capex as systems age and account for thinner on-block retail options in marketing and amenity programming.
- Newer 2013 vintage competes well against older neighborhood stock
- Competitive neighborhood occupancy supports stable cash flows
- High-cost ownership market reinforces renter demand and pricing power
- 3-mile population and household growth expands the tenant base
- Risks: amenity density is modest and safety indicators are mixed; plan for targeted capex and security