| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 82nd | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5620 Trinity Rd, Raleigh, NC, 27607, US |
| Region / Metro | Raleigh |
| Year of Construction | 2000 |
| Units | 48 |
| Transaction Date | 2019-04-10 |
| Transaction Price | $2,750,000 |
| Buyer | Harmony Housing Advisors, Inc. |
| Seller | --- |
5620 Trinity Rd Raleigh — Renter-Driven Multifamily Opportunity
Neighborhood renter concentration is high and supports a deeper tenant base even as occupancy runs below the metro median, according to WDSuite’s CRE market data.
This Inner Suburb location balances access and livability with a competitive amenity profile among 331 Raleigh–Cary neighborhoods. Cafes and everyday retail are reasonably accessible, while parks and pharmacies are thinner locally, which suggests residents lean on nearby corridors for recreation and services. Median contract rents in the neighborhood sit in the upper range versus many areas nationwide, signaling proven renter demand and lease-up potential for well-positioned assets.
For investors, the tenure mix is a key positive: the neighborhood shows a high share of renter-occupied units, indicating a sizable pool of prospective tenants and support for leasing velocity and renewal depth. By contrast, the neighborhood’s occupancy rate is below the metro median, which warrants conservative underwriting on near-term stabilization but can create opportunity for differentiated product and active management.
Demographic statistics aggregated within a 3-mile radius point to smaller household sizes and a shift toward more households even as recent population totals edged down, expanding the effective renter pool. Forward-looking data indicate growth in both population and households over the next five years, reinforcing demand for rental units and supporting occupancy stability and rent trade-outs where operations are well executed.
The property’s 2000 vintage is newer than the neighborhood’s average construction year (1990), offering a relative competitive edge versus older stock. Targeted modernization of interiors and systems can further strengthen positioning while keeping capital planning disciplined. Elevated home values and a higher value-to-income ratio in the neighborhood reflect a high-cost ownership market, which tends to sustain renter reliance on multifamily housing and can support pricing power and retention for well-managed assets.
Safety indicators for the neighborhood track below both metro and national benchmarks, placing it outside the top-performing cohorts among the 331 Raleigh–Cary neighborhoods and below national percentiles for safety. Recent trend data are mixed: estimated property offenses show a modest year-over-year decline, while estimated violent offenses increased over the same period. Investors should incorporate these dynamics into operating plans through security-conscious site design, lighting, and resident engagement, and benchmark performance against nearby submarkets rather than individual blocks.
Nearby employers include insurance carriers, a major agricultural equipment training center, and pharmaceutical distribution, supporting workforce housing demand and commute convenience for renters working at MetLife, John Deere, AmerisourceBergen, and Erie Insurance.
- MetLife — insurance (4.1 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance (4.2 miles)
- John Deere Morrisville Training Center — agricultural equipment training (5.7 miles)
- Amerisource Bergen — pharmaceutical distribution (5.9 miles)
- Erie Insurance Group — insurance (6.0 miles)
5620 Trinity Rd offers exposure to a renter-heavy neighborhood with demonstrated rent levels and a growing household base. While neighborhood occupancy trails the metro median, the high renter concentration and a high-cost ownership landscape support a durable tenant pipeline and renewal potential. The 2000 vintage positions the asset as relatively newer than the local average, with room for targeted value-add to sharpen competitiveness against older inventory.
Based on commercial real estate analysis from WDSuite, forward-looking demographics within a 3-mile radius point to increases in both population and households, expanding the renter pool and supporting leasing stability. Investors should balance these strengths against softer neighborhood occupancy and below-average safety indicators by emphasizing operations, resident experience, and prudent underwriting.
- High renter concentration supports demand depth and renewal potential
- 2000 vintage offers competitive positioning versus older neighborhood stock with targeted value-add upside
- Household growth in a 3-mile radius supports occupancy stability and leasing velocity
- Elevated ownership costs reinforce reliance on multifamily, aiding pricing power
- Risks: below-metro occupancy and safety headwinds require disciplined operations and conservative underwriting