| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 83rd | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4200 Lynn Point Ln, Raleigh, NC, 27613, US |
| Region / Metro | Raleigh |
| Year of Construction | 1985 |
| Units | 21 |
| Transaction Date | 2008-03-03 |
| Transaction Price | $23,377,000 |
| Buyer | LSREF3 BRAVO LLC |
| Seller | G&I LAKE LYNN LP |
4200 Lynn Point Ln Raleigh 21-Unit Value-Add Multifamily
Suburban Raleigh location with high-income households and a renter base that supports steady leasing, according to WDSuite’s CRE market data, though neighborhood occupancy trends warrant conservative underwriting. Pricing power is reinforced by a high-cost ownership market nearby, while 1985 vintage suggests room for targeted renovations.
Located in suburban Raleigh within Wake County, the property sits in a neighborhood rated B+ and ranked 106 out of 331 in the Raleigh–Cary metro—competitive among Raleigh–Cary neighborhoods. Local amenity density skews toward daily needs (grocery and pharmacy access rank above the metro median), while restaurants, cafes, and parks are thinner, reinforcing a primarily car-oriented living pattern.
Within a 3-mile radius, demographics indicate a sizable, well-capitalized renter pool: population and households have grown in recent years and are projected to expand further through 2028, pointing to a larger tenant base and supporting occupancy stability. Median and mean household incomes are elevated in this radius, and renter-occupied housing units account for an appreciable share of tenure, which deepens demand for multifamily product.
Neighborhood-level rent-to-income is favorable (low ratio), suggesting limited affordability pressure and potential for retention-focused lease management. By contrast, neighborhood occupancy sits below national midpoints, so near-term leasing assumptions should reflect competitive positioning and asset-level differentiation.
Home values in the immediate neighborhood are elevated relative to many U.S. areas, which tends to sustain reliance on rental housing and can support pricing power for well-maintained units. Childcare access compares well metro-wide, adding family-friendly appeal, while the absence of dense dining and park options underscores the importance of onsite amenities and straightforward access to job centers.
Neighborhood safety indicators are mixed. The area’s crime rank is 181 out of 331 within the Raleigh–Cary metro, which is below the metro median, and national safety placement trends toward the lower percentiles compared with neighborhoods nationwide. Property offense levels benchmark weaker than national averages, and the most recent year shows an uptick in violent offense rates at the neighborhood level.
For underwriting, investors may assume standard risk controls and monitor trend data over time; property-level measures and professional management can help support leasing and retention even where broader-area statistics are less favorable.
Proximity to major corporate offices supports commuter demand and leasing stability, with roles spanning insurance/financial services, pharmaceuticals, training/manufacturing support, life sciences, and clinical research.
- MetLife — insurance/financial services (6.4 miles)
- Amerisource Bergen — pharmaceuticals distribution (7.1 miles)
- John Deere Morrisville Training Center — manufacturing training (7.4 miles)
- Quintiles Transnational Holdings — clinical research (7.8 miles) — HQ
- MetLife Auto & Home Craig Conley LUTCF — insurance services (9.4 miles)
This 21-unit asset built in 1985 presents an attainable value-add play in a competitive suburban Raleigh neighborhood. The vintage suggests selective capital projects—interiors, common areas, and building systems—that can reposition the property against newer stock while leveraging a high-income tenant base and elevated ownership costs nearby.
Neighborhood occupancy trends are softer than national midpoints, so conservative lease-up and renewal assumptions are prudent. Even so, renter demand is supported by 3-mile demographic growth, strong household incomes, and a meaningful share of renter-occupied units; according to CRE market data from WDSuite, rent-to-income readings are favorable, which can aid retention and steady pricing for well-run assets.
- 1985 vintage offers clear value-add and systems upgrade potential to compete with newer product.
- High-cost ownership landscape supports rental reliance and potential pricing power for quality units.
- 3-mile radius shows population and household growth with strong incomes, reinforcing tenant demand.
- Risk: neighborhood occupancy below national midpoints requires careful leasing strategy and asset differentiation.
- Risk: area safety metrics trail national averages; proactive management and security practices are important.