| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 90th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4808 Six Forks Rd, Raleigh, NC, 27609, US |
| Region / Metro | Raleigh |
| Year of Construction | 1993 |
| Units | 90 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4808 Six Forks Rd Raleigh Multifamily Investment
Positioned in Raleigh’s Inner Suburb, the property benefits from strong neighborhood incomes and a sizable renter-occupied base, while neighborhood occupancy trends are currently softer than the metro, according to WDSuite’s CRE market data.
Raleigh’s Inner Suburb location offers day-to-day convenience with solid amenity access. Neighborhood data indicate strong grocery, park, and pharmacy proximity relative to many U.S. neighborhoods (national percentiles around the upper 70s to low 80s), and restaurants are comparatively dense. Cafés and formal childcare are less concentrated locally, suggesting a service mix tilted toward essentials rather than boutique options. These are neighborhood-level statistics and not specific to the property.
The neighborhood’s renter-occupied share is elevated versus national norms, supporting depth in the tenant base and leasing velocity. By contrast, neighborhood occupancy sits in the lower decile nationally, signaling potential lease-up and retention risk in the near term. Investors should underwrite to competitive concessions and active renewal management until trends firm up.
Within a 3-mile radius, households have grown over the past five years and are projected to expand further through 2028, implying a larger tenant pool and support for occupancy stability over time. Population growth is positive, and household sizes are gradually edging smaller, which can sustain demand for multifamily units and smaller floor plans.
Elevated home values at the neighborhood level and a value-to-income profile above many U.S. areas point to a high-cost ownership market, which generally sustains reliance on rental housing and supports pricing power when paired with income growth. Median household incomes are comparatively strong, reducing near-term affordability pressure at prevailing rent levels and aiding lease retention.
Vintage context: the asset’s 1993 construction is slightly newer than the neighborhood’s average stock. That positioning can be competitive versus older nearby properties while still warranting targeted system updates and common-area refreshes to capture value-add upside and maintain durability against newer deliveries.
Neighborhood safety indicators sit below national averages, with both violent and property offenses ranking in lower national percentiles (safer areas score higher). Within the Raleigh-Cary metro’s 331 neighborhoods, the area falls near the middle of the pack on crime, indicating neither a clear strength nor an outlier risk at the metro level.
Recent trends are mixed: estimated property offense rates have improved year over year, while violent offense estimates have risen. For investors, this points to the importance of security-conscious property operations, lighting and access controls, and resident engagement to support retention and minimize loss-to-lease from perception issues. These are neighborhood-level statistics and not block-specific to the property.
Nearby employment anchors span insurance, pharmaceuticals, clinical research, biotechnology, and networking technology, supporting a diversified white-collar renter base and commute convenience for residents. Listed below are representative employers serving the area’s leasing fundamentals.
- MetLife — insurance (8.9 miles)
- Amerisource Bergen — pharmaceutical distribution (10.2 miles)
- John Deere Morrisville Training Center — industrial equipment training (10.3 miles)
- Quintiles Transnational Holdings — clinical research (11.4 miles) — HQ
- Biogen Idec — biotechnology (12.7 miles)
- Cisco Systems, Building 8 — networking & enterprise tech (13.1 miles)
This 90-unit, 1993-vintage asset in Raleigh’s Inner Suburb pairs a strong-income renter base with proximity to daily amenities and major employers. Neighborhood-level data show elevated renter concentration and high-cost ownership dynamics that tend to sustain multifamily demand, while current neighborhood occupancy runs soft relative to peers; according to CRE market data from WDSuite, investors should emphasize resident retention, competitive concessions, and renewal management in the near term.
Demographics aggregated within a 3-mile radius point to growing households today and further projected gains through 2028, which can expand the renter pool and support occupancy stability over time. The 1993 construction is slightly newer than the area’s average vintage, offering a platform for targeted value-add through interior updates and system modernization to compete effectively against both older stock and newer deliveries.
- Strong-income renter base and high-cost ownership market support pricing power
- 3-mile household growth and projections expand the tenant pool and leasing depth
- 1993 vintage enables targeted value-add and operating improvements versus older comps
- Access to diversified employers (insurance, pharma, biotech, tech) underpins demand
- Risk: neighborhood occupancy is currently soft; plan for concessions and active renewals