| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 40th | Poor |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 9310 River Haven Pl, Raleigh, NC, 27616, US |
| Region / Metro | Raleigh |
| Year of Construction | 2000 |
| Units | 112 |
| Transaction Date | 2010-06-03 |
| Transaction Price | $4,400,000 |
| Buyer | River Ha ven Apartments, LLC |
| Seller | River Haven Investments, LLC |
9310 River Haven Pl Raleigh Multifamily Opportunity
Neighborhood renter concentration is strong and occupancy trends sit near the metro middle, according to WDSuite s CRE market data, positioning this asset for stable demand with potential value-add upside versus newer nearby stock.
Located in an Inner Suburb of Raleigh, the property benefits from a renter-occupied share that is in the top quartile among 331 metro neighborhoods. For multifamily investors, that depth of renter households translates into a broader tenant base and a supportive backdrop for leasing and retention, even as neighborhood occupancy runs closer to the metro median than the top tier.
Everyday amenities are mixed. Caf e9 and pharmacy access are competitive among Raleigh-Cary neighborhoods (top quartile nationally), while parks and grocery options are sparse within the neighborhood. Restaurant density sits around the metro middle. This pattern points to convenience for daily needs but fewer recreation and green-space anchors immediately nearby, which can influence amenity programming on site.
Home values in the neighborhood are elevated for the region, and neighborhood rents trend above the metro median. In investor terms, a higher-cost ownership environment can reinforce renter reliance on multifamily housing, supporting pricing power, while rent-to-income levels suggest manageable affordability pressure that favors retention with disciplined lease management.
Demographic statistics are aggregated within a 3-mile radius. Recent years show modest population softness alongside a slight increase in household counts, indicating smaller household sizes and steady demand for rental units. Forward-looking projections to 2028 point to meaningful population growth and a sizable increase in households, implying renter pool expansion that should support occupancy stability and lease-up velocity across well-positioned assets.
The average neighborhood construction year skews relatively new for the metro, while this asset a0(2000 vintage) is older than much of the nearby stock a0 an investor cue for targeted renovations and common-area modernization to stay competitive against later-vintage properties.
Safety metrics for the neighborhood compare unfavorably with many areas of Raleigh-Cary and fall below national percentiles for safety. The neighborhood a0crime rank sits in the lower half among 331 metro neighborhoods, and national comparisons place the area in lower percentiles for both violent and property offenses. Investors should underwrite active safety measures and tenant communication as part of operations.
Recent data also indicate an uptick in violent incidents year over year. While conditions can vary by block and property, underwriting should account for proactive lighting, access control, and partnerships with local resources to support resident comfort and retention. These observations reflect neighborhood-level trends rather than conditions specific to this property.
The area draws from a diversified regional employment base anchored by insurance, pharmaceuticals, and technology corporate campuses within commuting distance, supporting workforce renter demand and lease stability.
- MetLife insurance (14.7 miles)
- Amerisource Bergen pharmaceutical distribution (15.6 miles)
- John Deere Morrisville Training Center corporate training (15.9 miles)
- Quintiles Transnational Holdings biopharma services (16.1 miles) HQ
- MetLife Auto & Home Craig Conley LUTCF insurance offices (16.4 miles)
This 112-unit asset, built in 2000 with larger-than-typical average unit sizes, competes in a neighborhood where renter concentration is in the top quartile locally and occupancy trends are near the metro middle a combination that points to a durable tenant base with room to optimize operations. According to CRE market data from WDSuite, neighborhood rents sit above the metro median while rent-to-income levels suggest manageable affordability pressure, supporting balanced pricing power and lease retention.
Relative to newer area stock, the 2000 vintage suggests clear value-add pathways interiors, exteriors, and common-area upgrades to enhance competitive positioning. Demographic statistics aggregated within a 3-mile radius indicate growing household counts and projections for notable population growth by 2028, expanding the renter pool and supporting occupancy stability for well-executed multifamily strategies.
- Strong renter base and near-median occupancy support steady demand
- 2000 vintage offers value-add potential versus newer neighborhood stock
- Above-metro-median neighborhood rents with moderate affordability pressures aid retention
- Regional corporate campuses within commuting distance bolster workforce housing demand
- Risks: below-average neighborhood safety and limited nearby parks/grocery require active management