| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Best |
| Demographics | 84th | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7710 Estate Hill St, Raleigh, NC, 27617, US |
| Region / Metro | Raleigh |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | 2015-05-05 |
| Transaction Price | $44,000,000 |
| Buyer | OAK ESTATE NC PARTNERS LP |
| Seller | COURTNEY NC LLC |
7710 Estate Hill St Raleigh 24-Unit Multifamily
Inner-suburban location with strong neighborhood amenities and rising renter demand, according to WDSuite’s CRE market data. Neighborhood-level occupancy and incomes suggest steady leasing potential relative to broader metro dynamics.
Located in Raleigh’s inner suburbs, the property benefits from a neighborhood rated A+ and ranked 8 out of 331 within the Raleigh-Cary metro—competitive at the metro level. Amenity access is a relative strength (amenities score in the upper national percentiles), and average school ratings trend above national norms, which can support renter retention and depth of demand.
Neighborhood occupancy is measured for the area, not this property, and has trended upward over the last five years, supporting near-term leasing stability. The share of housing units that are renter-occupied is elevated for the neighborhood, indicating a sizable tenant base for multifamily operators.
Within a 3-mile radius, population and household counts have expanded in recent years, with household growth outpacing population growth—an investor signal of a larger renter pool and support for absorption. Median household incomes within this radius are strong by national comparison, which can help sustain effective rents and reduce turnover sensitivity.
Home values in the neighborhood are above national midpoints, and the value-to-income relationship sits somewhat higher than the U.S. median. This high-cost ownership context tends to reinforce reliance on rental housing, which can aid pricing power and lease-up velocity for well-managed assets.
The property’s 2004 vintage is older than much of the surrounding stock, where the average construction year is more recent. That age differential suggests potential value-add through targeted renovations and systems modernization, while also requiring thoughtful capital planning to remain competitive against newer deliveries.
Safety indicators for the neighborhood present a mixed picture. Nationally, the area sits in lower safety percentiles compared with neighborhoods across the U.S., indicating higher reported incident rates relative to national norms. Within the Raleigh-Cary metro, however, the neighborhood ranks 243 out of 331, placing it above the metro median for safety when compared to peer neighborhoods in the region.
For investors, the takeaway is to underwrite prudent security measures and operating practices while recognizing that regional context is comparatively more favorable than the national view. Trends should be monitored over time as part of ongoing risk management.
Proximity to major employers underpins workforce housing demand and commute convenience in this submarket. Nearby anchors include Quintiles, AmerisourceBergen, John Deere’s training center, MetLife, and Biogen—supporting leasing depth across a range of professional and technical roles.
- Quintiles Transnational Holdings — life sciences (4.4 miles) — HQ
- Amerisource Bergen — pharmaceuticals distribution (5.3 miles)
- John Deere Morrisville Training Center — industrial training (5.9 miles)
- MetLife — financial services (6.0 miles)
- Biogen Idec — biotechnology (6.5 miles)
7710 Estate Hill St offers scale at 24 units in an A+-rated inner-suburban Raleigh neighborhood with strong amenities and above-average school ratings. Neighborhood-level occupancy has improved over the past five years, and the renter-occupied share of housing units is high, signaling depth in the tenant base. Within a 3-mile radius, growth in households and solid incomes point to sustained multifamily demand and support for rent durability. Based on commercial real estate analysis from WDSuite, the 2004 vintage is older than nearby stock, which positions the asset for value-add upgrades to stay competitive with more recent deliveries.
National safety percentiles for the neighborhood are weaker, so underwriting should account for security and reputation management, even as the metro-relative rank is more favorable. Ownership costs in the area are elevated relative to many U.S. neighborhoods, which can reinforce rental demand and aid leasing stability for well-managed communities.
- Inner-suburban A+ neighborhood; top-tier metro rank supports renter demand
- Neighborhood occupancy trending up with a high renter-occupied share underpinning leasing
- 3-mile radius shows expanding household base and strong incomes supporting rent levels
- 2004 vintage offers value-add and modernization potential versus newer competing stock
- Risk: national safety percentiles are weaker; consider security investments and active management