| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Fair |
| Demographics | 47th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 755 S White St, Wake Forest, NC, 27587, US |
| Region / Metro | Wake Forest |
| Year of Construction | 1998 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
755 S White St Wake Forest Multifamily Investment
Neighborhood occupancy sits near the Raleigh-Cary metro average, supporting steady renter demand according to WDSuite’s CRE market data.
Located in an Inner Suburb of the Raleigh-Cary metro, the area around 755 S White St holds a B+ neighborhood rating and ranks 122 of 331 metro neighborhoods, signaling competitive fundamentals for a suburban multifamily asset. Amenity access ranks 24 of 331 locally, with national measures trending above average and supportive of daily convenience.
Day-to-day access stands out: parks rank 9 of 331, pharmacies 15 of 331, groceries 68 of 331, restaurants 69 of 331, and cafes 32 of 331 — a mix that is competitive among Raleigh-Cary neighborhoods and supportive of resident retention. Childcare availability, however, ranks 331 of 331, indicating limited nearby options that may affect households prioritizing childcare access.
The property’s 1998 vintage is newer than the neighborhood’s average construction year of 1987 (rank 131 of 331), which can offer a leasing edge over older stock while still warranting targeted system updates or common-area upgrades to maintain competitive positioning.
Tenure patterns point to durable rental demand. At the neighborhood level, renter-occupied share is relatively low, implying more ownership housing nearby; within a 3-mile radius, roughly one-third of housing units are renter-occupied, supplying a deeper tenant pool for a 40-unit community. Elevated home values (79th percentile nationally) create a high-cost ownership market that can reinforce reliance on multifamily rentals, while a favorable rent-to-income ratio (80th percentile nationally) supports lease retention and pricing discipline.
Demographics aggregated within a 3-mile radius show meaningful expansion in both population and households over the last five years, with additional household growth projected by 2028. This expanding tenant base supports occupancy stability and reduces downtime risk for well-managed units.
Safety trends are comparatively favorable for the region. The neighborhood’s crime rank is 22 out of 331 within the Raleigh-Cary metro, placing it competitively among local neighborhoods. Nationally, indicators land above average safety percentiles, suggesting comparatively lower incident levels than many neighborhoods nationwide.
Recent momentum is constructive: estimated violent offense rates declined year over year, and property-related benchmarks remain favorable in national context. Investors should pair these neighborhood indicators with property-level controls and historical incident review during underwriting.
Within commuting distance, insurance, life sciences, and advanced corporate services provide a diversified employment base that supports renter demand and retention.
- MetLife — insurance (18.8 miles)
- Amerisource Bergen — pharmaceutical distribution (19.3 miles)
- Quintiles Transnational Holdings — clinical research (19.4 miles) — HQ
- John Deere Morrisville Training Center — industrial training (19.7 miles)
- Biogen Idec — biotechnology (21.3 miles)
This 40-unit asset, built in 1998, is newer than much of the surrounding stock and positioned in a competitive Inner Suburb of Raleigh-Cary. Strong amenity access (parks, pharmacies, groceries, restaurants, and cafes) supports renewal propensity, while an ownership-leaning immediate area paired with a broader 3-mile renter base creates a balanced demand profile. According to CRE market data from WDSuite, neighborhood occupancy trends sit around the metro average, indicating a stable baseline with potential upside from targeted operational and cosmetic improvements.
Investor theses can lean on expanding 3-mile demographics — recent gains and projected household growth through 2028 — and a high-cost ownership environment that sustains multifamily reliance. The property’s vintage offers relative competitiveness versus older stock, though selective capital planning (mechanicals, interiors, common areas) can help preserve positioning against newer deliveries and support sustained leasing performance.
- Newer 1998 vintage versus local average, aiding competitive positioning
- Amenity-rich location (parks, pharmacies, groceries, dining) supportive of retention
- Expanding 3-mile population and household base underpins renter demand
- High-cost ownership market reinforces reliance on multifamily housing
- Risks: limited nearby childcare options; average occupancy trends require active asset management