| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Fair |
| Demographics | 53rd | Fair |
| Amenities | 42nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4801 Avenida Del Sol Dr, Raleigh, NC, 27616, US |
| Region / Metro | Raleigh |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4801 Avenida Del Sol Dr Raleigh 24-Unit Multifamily
Neighborhood data points to a deep renter-occupied housing base and everyday convenience, suggesting steady tenant demand, according to WDSuite’s CRE market data; investors should note that these tenure and occupancy signals reflect the surrounding neighborhood, not the property itself.
Located in an Inner Suburb of Raleigh, the area surrounding 4801 Avenida Del Sol Dr shows strong day-to-day convenience, with grocery and dining density ranking among the better performers metro-wide. Restaurants are comparatively plentiful (competitive nationally), while cafes, parks, and pharmacies are sparse, indicating more utilitarian retail than lifestyle amenities.
The neighborhood skews toward renter-occupied housing, with a renter concentration that sits in the top decile nationally. For multifamily investors, that typically supports a larger tenant base and steadier leasing velocity, even as property-level execution remains the key driver of performance. Neighborhood occupancy levels trend below the metro median based on rank among 331 Raleigh–Cary neighborhoods, so underwriting should prioritize leasing strategy and renewal management rather than assume outsized pricing power.
Construction year averages in the neighborhood skew to the early 1980s, while the subject property was built in 2003. Being newer than much of the nearby stock can be a competitive advantage for marketing and maintenance costs; however, investors should still plan for mid-life system updates and selective renovations to protect NOI.
Within a 3-mile radius, recent trends show a stable population with smaller household sizes and an increasing household count, a pattern that generally expands the renter pool. Forward-looking projections indicate meaningful gains in both households and incomes through the next five years, which can support occupancy stability and rent growth for well-positioned assets.
Home values in the neighborhood sit at levels that, relative to local incomes, signal a higher-cost ownership market. That context typically sustains reliance on rental housing and can aid tenant retention, while the neighborhood’s rent-to-income profile suggests manageable affordability pressure that still warrants ongoing lease management discipline.
Safety conditions, measured at the neighborhood level, track below national norms, with ranks that place the area below the metro median (crime rank 191 out of 331 Raleigh–Cary neighborhoods). National percentiles indicate comparatively elevated violent and property offense rates versus many U.S. neighborhoods.
Recent trend signals show a year-over-year decline in estimated property offenses, which is a constructive directional sign, but investors should remain prudent by incorporating appropriate security measures and underwriting assumptions. These figures reflect broader neighborhood patterns rather than conditions at the specific property.
Proximity to major employers across insurance, pharmaceuticals, and advanced manufacturing supports a durable renter base and commute convenience for workforce tenants. Nearby anchors include MetLife, AmerisourceBergen, John Deere’s training operations, and IQVIA (Quintiles Transnational Holdings).
- MetLife — insurance (12.7 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance services (13.3 miles)
- Amerisource Bergen — pharmaceutical distribution (13.9 miles)
- John Deere Morrisville Training Center — equipment training operations (14.0 miles)
- Quintiles Transnational Holdings — life sciences/CRO (14.9 miles) — HQ
This 24-unit asset, built in 2003, competes against an older neighborhood baseline, offering relative appeal to renters seeking functional space and predictable upkeep. A high share of renter-occupied units in the surrounding neighborhood supports depth of demand, while everyday retail access (notably groceries and dining) enhances livability. Neighborhood occupancy sits below the metro median, so asset performance will hinge on hands-on leasing and renewal execution rather than assumption-led growth. According to CRE market data from WDSuite, the area’s ownership costs relative to income tend to reinforce reliance on rental housing, which can support retention when paired with disciplined affordability and amenity positioning.
Within a 3-mile radius, forecasts point to meaningful household and income growth alongside smaller household sizes—conditions that typically expand the renter pool and support occupancy stability over the medium term. Given the asset’s vintage, investors should plan for mid-life system updates and targeted renovations to capture value-add upside and protect NOI.
- Newer 2003 vintage versus older nearby stock, supporting competitive positioning
- High neighborhood renter concentration underpins tenant base and leasing depth
- Everyday retail access (groceries, dining) supports resident satisfaction and retention
- 3-mile forecasts indicate growing households/incomes, supporting occupancy stability
- Risks: below-metro neighborhood occupancy, limited parks/cafes, and safety metrics below national norms