| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 39th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 600 Lockhaven Ct, Goldsboro, NC, 27534, US |
| Region / Metro | Goldsboro |
| Year of Construction | 2012 |
| Units | 60 |
| Transaction Date | 2012-05-07 |
| Transaction Price | $607,000 |
| Buyer | HIGHLANDS OF GOLDSBORO LLC |
| Seller | LAF GROUP LLC |
600 Lockhaven Ct, Goldsboro NC Multifamily Investment
Positioned in an A-rated Inner Suburb, this 60-unit, 2012-built asset benefits from a sizable renter base and steady neighborhood services, according to WDSuite’s CRE market data. Neighborhood metrics referenced here reflect the surrounding area, not the property’s own occupancy or rents.
Location dynamics and renter demand
The neighborhood ranks 7th of 54 in the Goldsboro metro, placing it in the top quartile locally with Inner Suburb fundamentals that appeal to workforce renters. Grocery and pharmacy access are competitive among Goldsboro neighborhoods (both ranking within the top 10 of 54), while restaurants are reasonably represented; parks and cafes are limited, which may modestly affect lifestyle appeal for some residents.
Neighborhood occupancy is measured for the area and not the asset, and has eased modestly over the past five years, pointing to measured, not overheated, leasing conditions. About half of housing units in the neighborhood are renter-occupied, indicating a meaningful renter concentration that supports a stable tenant base for multifamily owners.
Within a 3-mile radius, households increased over the last five years and are projected to grow further through 2028, even as average household size trends lower. This mix typically expands the renter pool and can support occupancy stability. Rising median incomes in the 3-mile area, together with moderate local rent-to-income levels, suggest room for disciplined rent management while monitoring retention risk if rents outpace income.
Home values in the neighborhood sit below national medians, which can introduce some competition from ownership options. For investors, that generally points to careful pricing strategy and amenity positioning to sustain leasing velocity and renewals. These dynamics align with balanced demand conditions identified in commercial real estate analysis from WDSuite’s datasets.
Safety context
Relative to 54 metro neighborhoods, the area’s crime rank is in the weaker cohort, indicating safety is a consideration for leasing strategy. Nationally, the neighborhood falls below the midpoint for safety, so investors should plan for thoughtful security measures and resident communication.
That said, property offenses have recently trended down, with one-year improvement tracking among stronger national movers, which is a constructive signal. Continual monitoring of neighborhood-level trends and collaboration with local stakeholders can help sustain this momentum.
Investment thesis
Built in 2012, the property is newer than the neighborhood’s average vintage and should remain competitive versus older stock, though investors should still budget for system upgrades and modernization over the hold. Large average unit sizes enhance leasing appeal and can support retention in a renter-heavy area. According to CRE market data from WDSuite, the surrounding neighborhood shows balanced demand signals, with a sizeable renter concentration and service amenities that support day-to-day convenience.
Within a 3-mile radius, household counts have grown and are projected to expand further, even as smaller household sizes point to more renters entering the market. Neighborhood rents and incomes have both trended upward, supporting a disciplined revenue strategy. Given relatively accessible ownership costs locally, positioning and amenity differentiation remain important to defend pricing power and sustain occupancy.
- 2012 vintage offers competitive positioning versus older neighborhood stock; plan for targeted modernization as systems age.
- Large average unit sizes support resident retention and broaden the tenant profile.
- Renter-heavy neighborhood and growing 3-mile household counts support a deeper tenant base and occupancy stability.
- Balanced amenity access (grocery/pharmacy/restaurants) underpins day-to-day convenience and leasing velocity.
- Risks: safety ranks weaker than metro peers and ownership alternatives are relatively accessible—price and operate with retention in mind.