| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 46th | Poor |
| Amenities | 68th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4000 Saint James Church Rd, Raleigh, NC, 27604, US |
| Region / Metro | Raleigh |
| Year of Construction | 2007 |
| Units | 48 |
| Transaction Date | 2004-05-14 |
| Transaction Price | $385,000 |
| Buyer | TERRACE SPRING HOUSING ASSOCIATES LLC |
| Seller | NEW HOPE PARTNERSHIP LLC |
4000 Saint James Church Rd Raleigh Multifamily Investment
Neighborhood occupancy is elevated with a solid renter concentration, supporting stable leasing conditions according to WDSuite’s CRE market data. Location fundamentals and nearby employment nodes position this asset for durable renter demand relative to similar inner-suburb properties.
Raleigh’s Inner Suburb setting around 4000 Saint James Church Rd offers a practical blend of convenience and demand drivers for multifamily investors. Neighborhood occupancy is competitive among Raleigh-Cary neighborhoods (331 total) and sits in the top quartile nationally, a backdrop that typically supports steadier renewal velocity and pricing discipline when managed effectively.
Amenity access trends favor daily needs: grocery, pharmacy, cafes, and restaurants score above national norms, which can aid retention and reduce friction for renters’ routines. Park access is limited within the immediate neighborhood, so on-site open space or nearby private amenities may matter for positioning.
The share of renter-occupied housing units in the neighborhood is above national averages, signaling a deeper tenant base for a 48-unit property. Within a 3-mile radius, household counts have inched higher even as average household size has trended smaller, and projections point to population growth and notable increases in households by 2028—conditions that generally expand the renter pool and support occupancy stability.
Ownership costs in the neighborhood are elevated relative to incomes by national comparison, which tends to reinforce reliance on multifamily rentals and can bolster lease retention. Rent-to-income metrics remain manageable, but operators should monitor affordability pressure and tailor renewals accordingly. Reported school ratings are weaker than metro norms, which may influence family-oriented leasing strategies; however, the amenity mix and commute access appeal to a broad renter profile.
Safety metrics for the neighborhood are below the metro average (ranked 182 out of 331 Raleigh-Cary neighborhoods) and sit in a lower national percentile, indicating comparatively higher reported crime than many U.S. neighborhoods. Investors should underwrite with appropriate operating practices, technology, and community engagement to support resident experience.
Recent trend data show a year-over-year decline in estimated property offenses, suggesting some improvement, while violent-offense indicators remain elevated relative to national comparisons. Framing this in investment terms: prudent security measures, lighting, and partnership with local resources can be important for retention and marketing.
Proximity to regional employers supports workforce housing demand and commute convenience for renters, including MetLife, AmerisourceBergen, John Deere’s training center, and Erie Insurance. These nodes contribute to a diversified employment base within typical commuting distance.
- MetLife — insurance (12.9 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance (13.1 miles)
- Amerisource Bergen — pharmaceutical distribution (14.3 miles)
- John Deere Morrisville Training Center — industrial equipment training (14.3 miles)
- Erie Insurance Group — insurance (14.7 miles)
Built in 2007, the property offers relatively modern systems compared with older legacy stock, which can moderate near-term capital needs while leaving room for value-focused upgrades to drive rent and retention. Neighborhood-level fundamentals show high occupancy and a renter-occupied housing footprint above national norms, which supports depth of demand for a 48-unit asset. Within a 3-mile radius, projections indicate population growth and a larger household base by 2028, pointing to renter pool expansion and supportive leasing conditions.
Ownership remains comparatively costly in the neighborhood by national benchmarks, reinforcing reliance on rental housing and potential pricing power when paired with measured lease management. At the same time, safety metrics trail metro and national averages, so underwriting should reflect appropriate operating practices. According to commercial real estate analysis from WDSuite, amenity access for daily needs is strong, helping balance location trade-offs and sustain retention.
- 2007 vintage offers near-term systems stability with renovation upside
- High neighborhood occupancy and above-average renter concentration support demand
- 3-mile outlook shows population and household growth, expanding the renter pool
- Daily-needs amenities (grocery, pharmacy, dining) enhance renter convenience and retention
- Risk: safety metrics lag metro/national norms—plan for security and community measures