| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Good |
| Demographics | 68th | Good |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6200 Saint Regis Cir, Raleigh, NC, 27606, US |
| Region / Metro | Raleigh |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2014-05-21 |
| Transaction Price | $14,500,000 |
| Buyer | RALEIGH MULTIFAMILY PARTNERS LLC |
| Seller | MP REGENCY PLACE LLC |
6200 Saint Regis Cir Raleigh Multifamily Investment
Neighborhood occupancy runs softer while renter concentration is high, signaling depth of tenant demand but a need for attentive leasing execution, according to WDSuite’s CRE market data. The Inner Suburb location offers everyday convenience and stable workforce draw for a 1986 vintage asset.
The property sits in Raleigh’s Inner Suburb, rated B and ranked 154 out of 331 neighborhoods—above the metro median—based on WDSuite’s CRE market data. Neighborhood occupancy is measured at the neighborhood level and trends lower than many Raleigh areas, while the renter-occupied share is among the highest locally, indicating a sizable tenant base for multifamily.
Livability is shaped by strong grocery access (competitive nationally) and a solid restaurant mix, though parks, pharmacies, and cafes are limited in the immediate neighborhood. For investors, this mix suggests daily needs are convenient while on-site amenities and services may play a larger role in resident retention.
Within a 3-mile radius, demographics point to a modestly smaller population in recent years but an expected rebound with projected population growth and a notable increase in households by 2028. A larger household count with slightly smaller average household size can expand the renter pool and support occupancy stability over time.
Ownership costs in the neighborhood sit near the national middle for home values, while the value-to-income ratio trends higher versus many U.S. neighborhoods. That high-cost ownership market context often sustains reliance on rental housing and can support pricing power, whereas a relatively manageable rent-to-income profile helps retention—useful for revenue consistency and lease management.
The building’s 1986 construction is slightly older than the neighborhood’s average 1990 vintage. That age profile often points to targeted capital planning—systems upkeep, interior refreshes, and select common-area upgrades—to enhance competitive position against newer stock and capture value-add upside.
Safety metrics for the neighborhood indicate performance below both the metro median (ranked 211 out of 331 Raleigh-area neighborhoods) and national norms (lower national percentile). Interpreted for investors, the area trends less safe than many peer neighborhoods.
Recent signals are mixed: estimated property offenses have edged down year over year, while estimated violent offenses have increased over the same period. Investors typically account for this by calibrating security measures, lighting, and community engagement to support resident confidence and retention.
Proximity to established corporate employment underpins renter demand and commute convenience for workforce households. Nearby anchors include MetLife, John Deere’s training operations, AmerisourceBergen, IQVIA (Quintiles), and Cisco—supporting leasing stability for well-managed assets.
- MetLife — insurance (4.8 miles)
- John Deere Morrisville Training Center — industrial training (6.3 miles)
- AmerisourceBergen — pharmaceutical distribution (6.7 miles)
- Quintiles Transnational Holdings — life sciences services (8.9 miles) — HQ
- Cisco Systems — networking & enterprise tech (9.2 miles)
This 24-unit 1986 asset in Raleigh’s Inner Suburb benefits from one of the metro’s highest renter-occupied concentrations at the neighborhood level, providing depth to the tenant base even as neighborhood occupancy runs below stronger Raleigh submarkets. According to CRE market data from WDSuite, local grocery and restaurant access support day-to-day convenience, while limited parks and cafes place a premium on on-site amenities and property management to drive retention.
Forward-looking fundamentals are constructive: within a 3-mile radius, households are projected to increase, which can expand the renter pool and support occupancy stability. The ownership landscape trends toward higher value-to-income levels relative to many U.S. neighborhoods, which tends to reinforce rental demand, while a manageable rent-to-income profile supports lease renewal prospects. The 1986 vintage is slightly older than nearby stock, creating a practical path for value-add—targeted interior updates and system upgrades to enhance competitiveness versus newer deliveries.
- High renter-occupied share at the neighborhood level supports depth of demand and leasing resilience.
- Household growth within 3 miles points to renter pool expansion and potential occupancy stability.
- Ownership costs relative to income reinforce reliance on multifamily, aiding pricing power and retention management.
- 1986 vintage offers value-add potential through targeted renovations and systems upgrades.
- Risks: neighborhood safety ranks below metro median and occupancy is softer locally—necessitating proactive security, amenities, and leasing strategy.