| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 45th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 309 Finley Ave, North Wilkesboro, NC, 28659, US |
| Region / Metro | North Wilkesboro |
| Year of Construction | 1981 |
| Units | 29 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
309 Finley Ave North Wilkesboro Multifamily Investment
Neighborhood indicators point to steady renter demand and improving occupancy at the area level, according to WDSuite’s CRE market data. This submarket’s renter concentration and value-to-income dynamics suggest durable leasing potential for a well-managed 29-unit asset.
Positioned in an Inner Suburb location with an A+ neighborhood rating (ranked 1st among 36 metro neighborhoods), the area around 309 Finley Ave shows investor-friendly fundamentals. Neighborhood occupancy is reported at roughly the low-90s with a multiyear improvement, supporting baseline stability for existing assets. The share of renter-occupied housing is near half of units in the neighborhood, indicating a meaningful tenant base for multifamily. These statistics are measured for the neighborhood, not the property, and are based on CRE market data from WDSuite.
Amenity access skews favorable for daily needs: restaurants, parks, and pharmacies rank competitively among North Wilkesboro neighborhoods and land above national midlines, while grocery options are comparatively sparse locally. For investors, this mix tends to support day-to-day livability and retention, with a trade-off that residents may drive farther for full-service grocers.
Home values in the neighborhood sit in a higher national percentile relative to local incomes (value-to-income metrics rank strong in the metro), creating a high-cost ownership context that typically sustains reliance on rental housing. Median contract rents remain comparatively modest at the neighborhood level and rent-to-income ratios are measured in the mid-teens, which can help support lease retention and limit turnover pressure when managed carefully.
Property vintage matters here: the average neighborhood construction year trends older (mid-1950s). Built in 1981, this asset is newer than much of the surrounding stock, which can be a competitive advantage versus older comparables. Investors should still plan for targeted capital projects typical for early-1980s buildings to preserve positioning and capture value-add upside.
Within a 3-mile radius, population and household counts have grown in recent years with projections calling for further expansion over the next five years. That growth, coupled with an expected increase in households, points to a larger tenant base and supports occupancy stability for well-operated multifamily properties.
Comparable crime data for this neighborhood was not available in the current dataset. Investors typically benchmark neighborhood safety by comparing trends to metro and national baselines and by reviewing multi-year directionality. Consider layering neighborhood-level police reports and third-party indices to understand recent trends and how they compare to broader North Wilkesboro patterns.
The 29-unit, 1981-vintage property at 309 Finley Ave benefits from a neighborhood with improving occupancy, a meaningful renter-occupied share, and a high-cost ownership backdrop that supports sustained rental demand. Rents are measured as comparatively modest at the neighborhood level, and value-to-income dynamics suggest an opportunity to balance pricing power with retention through disciplined lease management.
Within a 3-mile radius, recent population and household growth—along with projections for further expansion—signal a growing renter pool that can support leasing stability. According to CRE market data from WDSuite, the neighborhood’s amenity mix is competitive locally (restaurants, parks, pharmacies) despite limited grocery presence, and the property’s 1981 vintage is newer than much of the area’s stock, creating potential to capture value-add gains with focused renovations and systems upgrades.
- Neighborhood occupancy trending in the low-90s supports baseline leasing stability.
- Renter-occupied share near half of units indicates depth in the local tenant base.
- High-cost ownership context reinforces reliance on rental housing and potential pricing power.
- 1981 vintage offers value-add potential relative to older neighborhood stock.
- Risks: limited grocery access and lower average school ratings may affect some renter segments.