| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 64th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9001 Sweetbrook Ln, Raleigh, NC, 27615, US |
| Region / Metro | Raleigh |
| Year of Construction | 1999 |
| Units | 24 |
| Transaction Date | 1998-12-17 |
| Transaction Price | $1,696,000 |
| Buyer | MCLEOD BERNARD F |
| Seller | MUIRFIELD VILLAGE APARTMENTS LLC |
9001 Sweetbrook Ln Raleigh Multifamily Investment
Positioned in a competitive Raleigh-Cary submarket, this 24-unit asset benefits from neighborhood occupancy above the metro median and solid renter demand, according to CRE market data from WDSuite. The location’s suburban fundamentals offer steady leasing conditions with room for value-add execution.
The property sits in a suburban pocket of Raleigh that ranks 72 out of 331 metro neighborhoods, placing it in the top quartile among local peers. Amenity access is balanced rather than destination-driven: grocery and pharmacy availability track in the upper national percentiles, while restaurant options are steady and parks access performs well relative to many areas. Café density is thinner, which suggests residents rely more on neighborhood retail nodes and nearby corridors for third places.
Rents in the neighborhood trend above national medians with five-year growth momentum, and neighborhood occupancy is roughly mid-to-upper tier for the metro (rank 153 of 331, above the metro median). This combination points to durable renter demand and supports pricing power when units are well-maintained and appropriately positioned.
Demographic indicators aggregated within a 3-mile radius show a high-income household base and a renter-occupied share around one-third of housing units, providing a meaningful tenant pool without oversaturation. Forecasts indicate population and household expansion over the next five years alongside smaller average household sizes, which can translate into a larger renter base and support for occupancy stability as new households seek professionally managed housing.
Home values are elevated for the region, which tends to reinforce reliance on multifamily housing and can aid lease retention for well-managed properties. Average school ratings in the neighborhood trail national midpoints; investors targeting family renters may emphasize in-unit quality, community features, and access to parks and childcare to offset that headwind.
Built in 1999, the asset is newer than the surrounding housing stock (local average construction year skews to the late 1970s). That relative vintage advantage can enhance competitive positioning versus older properties, while still warranting capital planning for aging systems and selective modernization to capture value-add upside.
Neighborhood safety indicators are mixed when benchmarked against national peers. Overall crime ranks in the lower half of Raleigh-Cary neighborhoods (168 out of 331), and national percentiles point to below-average safety relative to U.S. neighborhoods. For investors, this typically argues for visible property-level security practices, lighting, and resident engagement to support retention.
Recent trend signals are nuanced: estimated property offense rates have declined year over year, while violent offense estimates increased over the same period. Operators often address these dynamics with proactive security measures and coordination with local resources. As always, safety conditions can vary by block and over time; underwriting should reflect property-specific measures and active management.
Proximity to major employers in and around Research Triangle Park underpins workforce renter demand and commute convenience, notably from MetLife, AmerisourceBergen, John Deere’s training operations, Quintiles Transnational Holdings, and Biogen Idec.
- MetLife — insurance and financial services (12.3 miles)
- AmerisourceBergen — pharmaceutical distribution (13.0 miles)
- John Deere Morrisville Training Center — equipment training (13.4 miles)
- Quintiles Transnational Holdings — clinical research organization (13.5 miles) — HQ
- Biogen Idec — biotechnology (15.3 miles)
This 24-unit, 1999-vintage asset offers a relative age advantage versus much of the surrounding housing stock, supporting competitive positioning with targeted upgrades. Neighborhood occupancy trends above the metro median and rents track higher than national midpoints, indicating stable demand and manageable concession risk for well-operated communities. High household incomes and elevated home values nearby tend to sustain reliance on rentals, while a roughly one-third renter-occupied share suggests depth without overdependence on transient demand.
Demographics within a 3-mile radius point to a strong income profile today and a forecast expansion of population and households over the next five years, which can enlarge the tenant base and support occupancy stability. According to CRE market data from WDSuite, local safety metrics warrant prudent property-level measures, and school ratings below national midpoints may require positioning toward amenities and finishes that resonate with working professionals and smaller households.
- 1999 vintage offers competitive positioning vs. older stock, with value-add potential via selective modernization
- Above-metro-median neighborhood occupancy supports leasing stability and pricing discipline
- High-income households and elevated ownership costs reinforce multifamily demand and lease retention
- Forecast growth in population and households (3-mile radius) expands the renter pool
- Risks: below-national safety percentiles and lower school ratings; mitigate with security, resident experience, and finish upgrades