| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 48th | Fair |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8221 Bertini Rd, Raleigh, NC, 27616, US |
| Region / Metro | Raleigh |
| Year of Construction | 2012 |
| Units | 72 |
| Transaction Date | 2014-09-23 |
| Transaction Price | $8,286,900 |
| Buyer | STERLING TOWN CENTER OWNER LLC |
| Seller | STERLING POE LP |
8221 Bertini Rd Raleigh Multifamily Investment, 72 Units
Neighborhood occupancy is strong with stable renter demand, according to WDSuite’s CRE market data, supporting predictable cash flow for a professionally managed asset. Built in 2012 with compact floorplans, the property is positioned to compete on rent per foot while capturing Inner Suburb demand.
This Inner Suburb location in Raleigh-Cary ranks in the top quartile among 331 metro neighborhoods (A- neighborhood rating), reflecting balanced livability and investment fundamentals. Amenity access is a relative strength: restaurants and cafés test well against national peers, and parks and daily-needs retail (grocers, pharmacies) are accessible, which supports leasing velocity and retention.
Occupancy in the surrounding neighborhood is high and has improved over the past five years, with levels above many U.S. areas, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is elevated for the area, indicating a deep tenant base for multifamily operators and helping support demand stability through cycles.
Construction trends skew newer than much of the nation in this part of Raleigh, and the subject’s 2012 vintage is slightly newer than the neighborhood average (2007). That positioning is competitive versus older stock; investors should still plan for mid-life system updates and potential common-area refreshes to sustain rent growth and reduce downtime.
Within a 3-mile radius, household counts have grown recently and are projected to expand meaningfully over the next five years, with average household size gradually trending smaller. This points to a larger renter pool and supports occupancy stability for smaller unit mixes like studios and one-bedrooms. Elevated home values in the area, coupled with steady rent-to-income levels, suggest rental housing will continue to capture households that prefer more accessible monthly housing costs, reinforcing lease retention and pricing power for well-managed properties.
One consideration for family-oriented renters: average school ratings in the broader neighborhood trail national norms. Operators may lean on convenience, amenity access, and refreshed interiors to appeal to target cohorts less focused on school performance.
Safety outcomes in this neighborhood compare unfavorably with national benchmarks, and rank below the metro median (crime rank 242 out of 331 metro neighborhoods). National percentiles also place the area in a lower tier for safety relative to neighborhoods nationwide. Recent year-over-year trends indicate increases in both violent and property offense rates, underscoring the need for prudent on-site measures such as lighting, access controls, and partnership with local community programs.
For investors, the takeaway is risk management rather than avoidance: underwriting should reflect elevated security operating costs and potential marketing emphasis on in-unit and community safety features. Comparisons should be made to nearby Raleigh submarkets with similar price points to appropriately calibrate leasing expectations.
Proximity to major employers in and around Research Triangle Park underpins renter demand, particularly for professionals seeking commute convenience to MetLife, AmerisourceBergen, John Deere’s training facility, Quintiles Transnational Holdings, and Biogen.
- MetLife — insurance & financial services (13.6 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance services (14.6 miles)
- AmerisourceBergen — pharmaceutical distribution (14.7 miles)
- John Deere Morrisville Training Center — industrial training facility (14.9 miles)
- Quintiles Transnational Holdings — clinical research organization (15.6 miles) — HQ
- Biogen Idec — biotechnology (17.1 miles)
The asset’s 2012 vintage, compact average unit size, and location in a top-quartile Raleigh neighborhood position it to compete on rent per foot and maintain healthy occupancy. According to CRE market data from WDSuite, neighborhood occupancy is strong and the renter-occupied share of housing units is elevated, indicating depth in the tenant base. Within 3 miles, households have been growing and are projected to expand further alongside smaller average household size, pointing to renter pool expansion for studios and one-bedrooms. Elevated ownership costs in the area sustain reliance on rental housing, supporting lease retention and measured pricing power.
Key watch items include safety metrics that trail metro and national norms and school ratings that are below national averages. Operators should budget for security enhancements and targeted capex typical of a 2012 asset (systems lifecycle, common-area refresh) to preserve competitiveness versus newer deliveries.
- Strong neighborhood occupancy and deep renter base support demand stability
- 2012 vintage with compact layouts enables competitive rent per square foot
- 3-mile household growth and smaller household size bolster the studio/1BR renter pool
- Elevated ownership costs in the area reinforce reliance on multifamily rentals
- Risks: safety metrics below metro/national norms and added security/opex needs