| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Fair |
| Demographics | 24th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3722 Burt Dr, Raleigh, NC, 27606, US |
| Region / Metro | Raleigh |
| Year of Construction | 2011 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3722 Burt Dr, Raleigh NC Multifamily Investment
Positioned in an inner-suburb of Raleigh with a deep renter base, the asset’s performance will hinge on capturing steady demand and disciplined operations, according to WDSuite’s CRE market data. Newer construction relative to nearby stock supports competitive positioning while management focus remains important amid mixed neighborhood fundamentals.
Livability and demand signals point to a renter-driven submarket. Neighborhood tenure data indicate a high share of renter-occupied housing, which supports a broader tenant base and potential leasing velocity for multifamily assets. At the same time, reported neighborhood occupancy trends sit below the metro median, so stabilization and renewal strategies are key to sustaining cash flow, based on CRE market data from WDSuite.
The property’s 2011 vintage compares favorably to the neighborhood’s older housing stock (average year built is earlier), which can enhance competitiveness versus nearby assets while still planning for mid-life system updates and selective modernization to protect rents over the hold.
Local amenities within the immediate neighborhood are limited, and residents typically draw on services in the broader Raleigh–Cary nodes for retail and daily needs. For investors, this places more weight on on-site features, maintenance responsiveness, and connectivity to employment corridors to support retention.
From an income perspective, neighborhood NOI per unit trends are competitive among Raleigh–Cary neighborhoods and sit in the top quartile nationally, signaling potential to support durable operations when paired with prudent expense control. Within a 3-mile radius, demographics show a modest population dip alongside an increase in total households and smaller average household sizes—factors that can expand the renter pool and support occupancy stability even as lifestyles shift.
Affordability warrants attention: neighborhood rent-to-income dynamics indicate some pressure on residents, which suggests proactive lease management and value engineering to balance pricing power with retention.
Safety metrics for the neighborhood track below both metro and national norms, positioning the area below average among 331 Raleigh–Cary neighborhoods and in a lower national percentile. Recent trends are mixed—violent incidents have edged down year over year while property-related incidents have risen—so investors should underwrite to prudent security, lighting, and resident engagement practices and monitor changes over time rather than relying on block-level assumptions.
The area draws from a diverse employment base across insurance, healthcare distribution, and industrial training, supporting workforce housing demand and commute convenience for renters. Key nearby employers include MetLife Auto & Home Craig Conley LUTCF, Erie Insurance Group, MetLife, John Deere Morrisville Training Center, and Amerisource Bergen.
- MetLife Auto & Home Craig Conley LUTCF — insurance services (5.6 miles)
- Erie Insurance Group — insurance (7.1 miles)
- MetLife — insurance (7.3 miles)
- John Deere Morrisville Training Center — industrial training (8.9 miles)
- Amerisource Bergen — healthcare distribution (9.2 miles)
3722 Burt Dr is a 24-unit asset built in 2011, offering a newer-vintage alternative to an older inner-suburban housing base. High renter concentration in the neighborhood points to a deep tenant pool, while below-median neighborhood occupancy underscores the importance of active leasing and resident retention to drive consistency. According to commercial real estate analysis from WDSuite, income performance at the neighborhood level is competitive versus the metro and sits in the top quartile nationally, suggesting room to sustain operations with disciplined expense and capital planning.
Within a 3-mile radius, households have increased and are projected to expand further even as average household size declines—conditions that can support renter pool expansion and occupancy stability. Limited immediate amenities shift emphasis to property-level experience and connectivity to employment centers, while affordability pressure argues for careful rent setting and renewal strategies.
- 2011 vintage offers relative competitive positioning versus older nearby stock, with targeted modernization to sustain rents
- High neighborhood renter-occupied share supports depth of tenant demand and leasing velocity
- Neighborhood income performance is competitive in the metro and top quartile nationally, aiding operating durability
- 3-mile household growth and smaller household sizes signal a larger renter pool over time
- Risks: below-median neighborhood occupancy, limited nearby amenities, and variable safety metrics require active management