| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 84th | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7610 Breezy Point Ln, Raleigh, NC, 27617, US |
| Region / Metro | Raleigh |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2010-12-21 |
| Transaction Price | $2,530,500 |
| Buyer | 2052 LLC |
| Seller | COMPASS BANK |
7610 Breezy Point Ln, Raleigh NC Multifamily Investment
Neighborhood-level data points to a majority renter-occupied housing base that supports steady tenant demand, according to WDSuite s CRE market data. The asset s inner-suburb location near major employment nodes positions it for durable occupancy and leasing velocity.
The property sits in an Inner Suburb pocket of Raleigh-Cary that ranks 8th out of 331 metro neighborhoods (A+ rating), indicating competitive positioning locally for investors. Amenity access is strong he neighborhood is competitive among Raleigh-Cary neighborhoods for cafes, groceries, parks, and pharmacies, and sits in the upper national percentiles for overall amenity availability. Average school ratings in the neighborhood are strong as well (top quartile nationally), a factor that can aid retention for family-oriented renters.
Vintage context matters for capital planning. The neighborhood s average construction year trends newer (2017), and this asset s 2013 delivery remains relatively recent versus older stock in the metro. That positioning can support leasing competitiveness, though investors should still plan for system updates and light modernization over the hold to keep pace with newer deliveries.
On the renter demand side, the neighborhood s renter-occupied share is high (above the 90th percentile nationally), signaling depth in the tenant base and potential resilience through cycles. Neighborhood occupancy is below national norms but has improved over the past five years, suggesting stabilization progress; prudent lease management and marketing should remain a focus.
Within a 3-mile radius, demographics show population growth and a notable increase in households over the last five years, with additional household growth projected, pointing to a larger tenant base over time. Household incomes in this radius skew higher, and forecast rent levels are expected to rise, which can support rent rolls where unit quality and management execution are aligned. Elevated home values locally (relative to incomes and the nation) indicate a high-cost ownership market, which tends to sustain reliance on rental options and can support pricing power and lease retention in multifamily.
Safety indicators at the neighborhood level trend weaker than national averages, placing the area below the metro median (ranked 243 out of 331 Raleigh-Cary neighborhoods). Nationally, the neighborhood falls in low safety percentiles, indicating comparatively higher reported crime than many U.S. neighborhoods. Recent year-over-year changes show increases in both violent and property offenses, underscoring the need to account for security measures, insurance costs, and resident perception in underwriting and operations.
Investors typically mitigate these dynamics through on-site security practices, lighting and access controls, and community programming. Framing tours around daytime traffic patterns and proximity to major employers can also help contextualize demand drivers despite the elevated crime metrics.
The location benefits from proximity to a deep Research Triangle employment base that supports workforce and professional renter demand, including life sciences, insurance/financial services, and technology employers listed below.
- Quintiles Transnational Holdings life sciences (4.6 miles) HQ
- Amerisource Bergen healthcare distribution (5.6 miles)
- John Deere Morrisville Training Center industrial training (6.2 miles)
- MetLife insurance & financial services (6.4 miles)
- Biogen Idec biotechnology offices (6.7 miles)
Built in 2013, this 24-unit asset is relatively recent versus much of the metro s older stock, offering competitive positioning while leaving room for targeted upgrades over time. Neighborhood-level fundamentals show a high renter concentration and improving occupancy, and the 3-mile radius reflects growing households with strong income profiles both supportive of long-run tenant demand and potential rent growth with consistent execution.
Proximity to major Research Triangle employers underpins daily leasing traffic, while a high-cost ownership landscape locally reinforces reliance on multifamily housing. According to CRE market data from WDSuite, the neighborhood ranks competitively in amenities and schools, which can aid retention and support stabilized operations, though investors should underwrite for security measures and ongoing capex to keep pace with newer deliveries.
- 2013 vintage: competitive versus older stock with manageable modernization scope over the hold
- High neighborhood renter concentration supports depth of tenant demand and leasing stability
- 3-mile radius shows household growth and robust incomes, supportive of sustained rent rolls
- Strong nearby employer base in life sciences, tech, and financial services underpins demand
- Risk: neighborhood safety metrics are weaker than national averages underwrite for security and insurance