| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 67th | Good |
| Amenities | 36th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 125 Graduate Ln, Boone, NC, 28607, US |
| Region / Metro | Boone |
| Year of Construction | 1975 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
125 Graduate Ln Boone NC Multifamily Investment
Positioned in a high-cost ownership pocket of Boone, this 120-unit asset benefits from durable renter demand and steady rent growth signals, according to WDSuite’s CRE market data. The neighborhood’s renter concentration and rising incomes support occupancy stability and disciplined pricing power without over-relying on outsized assumptions.
The property sits in a suburban Boone neighborhood rated A and competitive among 21 metro neighborhoods, with amenities that skew toward parks and daily needs rather than cafes or pharmacies. Park access ranks in the top quartile among 21, and grocery availability is competitive among Boone neighborhoods, while cafe and pharmacy density are limited—suggesting residents rely on a mix of nearby centers and short drives for convenience.
Vintage matters here: the asset was built in 1975, while the neighborhood’s average construction year is 1988. Older construction typically entails capital planning for building systems and interiors, but also creates value‑add potential through targeted renovations that can improve competitiveness versus newer stock.
Within a 3‑mile radius, population grew in recent years and is projected to expand further through 2028, with households increasing and average household size trending lower. This combination generally broadens the tenant base and can support leasing velocity and retention as more renters enter the market.
Ownership costs in the neighborhood are elevated relative to national norms, placing home values in a high national percentile. For multifamily investors, a high‑cost ownership market tends to reinforce reliance on rental housing and can sustain demand depth. At the same time, neighborhood rent levels and rent‑to‑income readings imply manageable affordability pressure, which supports retention when paired with prudent lease management.
Tenure data indicate a meaningful share of housing units are renter‑occupied within the 3‑mile radius, underscoring a sizable local renter pool. Combined with above‑metro amenities for parks and grocery access, these fundamentals are constructive for occupancy and renewal outcomes, based on commercial real estate analysis cross‑checks with WDSuite’s data.
Comparable neighborhood‑level safety statistics were not available in WDSuite’s dataset for this location. Investors typically benchmark city and county public safety reports and trend direction against broader Boone and Watauga County readings to gauge relative positioning.
A practical approach is to compare multi‑year trends for the neighborhood’s surrounding area to metro and state patterns, focusing on direction (improving, stable, or worsening) rather than single‑period snapshots. Incorporating property‑level measures (lighting, access control, and resident engagement) into underwriting can also help align expectations with operating outcomes.
This 120‑unit asset in Boone benefits from a renter‑reliant local housing landscape, elevated ownership costs, and neighborhood amenities oriented to parks and daily needs. According to CRE market data from WDSuite, the area’s rent levels and rent‑to‑income dynamics point to manageable affordability pressure, supporting lease retention when paired with disciplined renewals. The 1975 construction vintage suggests near‑ to medium‑term capital planning needs, but also creates value‑add levers through modernization to strengthen competitive positioning against newer stock.
Demographics aggregated within a 3‑mile radius show recent population growth with further expansion forecast, plus a rising household count and smaller average household size—factors that typically expand the renter pool and support occupancy stability. Elevated home values relative to national norms reinforce reliance on rental options, which can help sustain demand depth and pricing power under prudent management.
- Renter‑reliant local housing and high ownership costs support durable demand
- 3‑mile demographics indicate population and household growth, bolstering the tenant base
- 1975 vintage offers value‑add potential via targeted system and interior upgrades
- Neighborhood amenities favor parks and groceries, aiding daily‑life convenience and retention
- Risk: older building systems may elevate near‑term capex; underwriting should reflect modernization and energy‑efficiency needs