| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 66th | Good |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Bridle Ridge Ln, Raleigh, NC, 27609, US |
| Region / Metro | Raleigh |
| Year of Construction | 1985 |
| Units | 122 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 Bridle Ridge Ln, Raleigh — 122-Unit Multifamily
Inner-suburb location with competitive neighborhood occupancy and a renter-occupied share near half supports durable leasing, according to WDSuite’s CRE market data. Positioning favors steady demand with room for operational upside.
This Inner Suburb pocket of Raleigh-Cary shows stable renter demand and healthy utilization of existing stock. Neighborhood occupancy is competitive among Raleigh-Cary neighborhoods (ranked within the stronger 40% of 331), a signal of leasing resilience rather than late-cycle softness, based on CRE market data from WDSuite. The area’s housing profile also rates above many peers nationally, suggesting fundamentals that can support consistent absorption.
Local services skew practical rather than lifestyle-heavy: pharmacies and childcare are more prevalent than cafes or restaurants, which are sparse. For investors, that mix supports day-to-day convenience even if it lacks destination retail. Average school ratings in the neighborhood sit below the national midpoint; for family-oriented leasing strategies, this may call for targeted marketing and amenity programming to offset school-performance concerns.
Home values in the neighborhood are elevated relative to many U.S. areas, and the value-to-income ratio ranks in a high national percentile. That high-cost ownership backdrop tends to reinforce reliance on rental housing—supporting depth of the tenant base and pricing power—while the neighborhood’s rent-to-income positioning indicates manageable affordability pressure that can aid retention and renewal outcomes.
Within a 3-mile radius, population and households have expanded over the past five years, with forecasts calling for further household growth alongside smaller average household sizes. For multifamily investors, that implies a larger tenant base and more one- to two-person households entering the market, which can support occupancy stability and consistent leasing velocity.
Safety indicators compare less favorably to national benchmarks: the neighborhood sits in lower national percentiles for both violent and property offenses, signaling comparatively higher incident rates than many U.S. neighborhoods. Among the 331 neighborhoods in the Raleigh-Cary metro, crime outcomes fall on the weaker side of the distribution rather than the top-performing cohort.
Recent trends show property offenses moving lower year over year, which is constructive, though the overall profile still warrants prudent operating practices. Owners commonly address this through lighting, access control, and vendor coordination with local law enforcement to support resident experience and retention without overreliance on any single tactic.
Proximity to major corporate offices in the Raleigh–Durham corridor underpins a broad professional tenant base and commute convenience. Key nearby employers include insurance, pharmaceuticals, manufacturing training, and life sciences.
- MetLife — insurance (9.1 miles)
- Amerisource Bergen — pharmaceutical distribution (10.1 miles)
- John Deere Morrisville Training Center — manufacturing training (10.3 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance services (10.9 miles)
- Quintiles Transnational Holdings — clinical research (10.9 miles) — HQ
Constructed in 1985, this 122-unit asset presents a classic value-add profile: competitive neighborhood occupancy supports current cash flow while vintage suggests room for renovations and capital planning to elevate finishes, systems, and amenities. Elevated local home values relative to income sustain reliance on rental housing, helping demand depth and pricing power, while rent-to-income positioning points to manageable affordability pressure that can aid retention.
Within a 3-mile radius, recent population and household growth—and forecasts for additional household expansion alongside smaller household sizes—signal a larger renter pool over time. According to commercial real estate analysis from WDSuite, the neighborhood ranks competitively within the metro on occupancy, indicating stable utilization that can support lease-up and renewal strategies even as schools and safety metrics trail stronger peers.
- Competitive neighborhood occupancy among 331 metro neighborhoods supports cash flow stability
- 1985 vintage offers tangible value-add levers through unit and system upgrades
- High-cost ownership context reinforces multifamily demand and pricing power
- 3-mile radius shows population and household growth, expanding the renter base
- Risks: below-average school ratings and weaker safety metrics may require enhanced property operations and amenity programming