| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Best |
| Demographics | 50th | Best |
| Amenities | 25th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1401 River St, Wilkesboro, NC, 28697, US |
| Region / Metro | Wilkesboro |
| Year of Construction | 1985 |
| Units | 54 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1401 River St, Wilkesboro NC — Multifamily Investment
Neighborhood fundamentals point to a sizable renter base and solid school quality, according to WDSuite’s CRE market data, with neighborhood occupancy measured for the area (not the property) trending below national norms, suggesting focus on leasing execution and value-add positioning.
The property sits in a Suburban neighborhood rated A and competitive among North Wilkesboro metro neighborhoods (ranked 4 out of 36, placing it in the top quartile). Local schools average 4.0 out of 5 and rank 1 of 36 in the metro, a signal that often supports family-oriented renter demand; this school performance is also strong versus neighborhoods nationwide (84th percentile).
Amenities are modest within the immediate neighborhood—limited cafes and pharmacies—yet grocery access and park availability are serviceable relative to regional peers. For investors, this suggests positioning toward value, convenience, and day-to-day essentials rather than lifestyle-driven leasing.
Neighborhood occupancy (area-level, not the asset) is below national averages, indicating room for execution-led gains. At the same time, roughly half of housing units are renter-occupied (high national percentile), indicating depth in the tenant pool and support for multifamily demand. The local rent-to-income ratio around 0.18 points to manageable affordability pressure that can aid lease retention, while a higher value-to-income ratio (76th percentile nationally) indicates a relatively high-cost ownership market, which can reinforce reliance on rentals and support pricing power over time.
Within a 3-mile radius, recent population growth alongside increasing households expands the renter pool, and forward-looking data show households continuing to rise even if population eases slightly—consistent with smaller household sizes and more renters entering the market. These dynamics generally support occupancy stability and steady leasing activity, based on CRE market data from WDSuite.
Comparable crime metrics for this neighborhood are not available in the dataset provided. Investors typically benchmark safety by comparing neighborhood-level trends to metro and national baselines and validating on the ground. The area’s suburban context and strong school ratings may align with stable residential patterns, but they are not substitutes for crime statistics. Local diligence—police reports, recent trend reviews, and property-level history—is recommended to assess risk accurately.
Employer proximity data with reliable distances was not available in the provided dataset. Investors should validate nearby anchors and commute nodes during diligence to gauge workforce housing demand, retention, and leasing stability.
This 54-unit, 1985 vintage asset offers an execution-focused opportunity in an A-rated suburban neighborhood that ranks in the top quartile among 36 metro neighborhoods. The area shows a sizable renter base and school quality that is strong both locally and nationally, while neighborhood-level occupancy trails national norms—pointing to potential upside through targeted leasing, operations, and selective upgrades. According to CRE market data from WDSuite, household growth within a 3-mile radius continues to expand the tenant base even as household sizes shift, supporting demand for rental units.
The 1985 vintage suggests planning for near- to mid-term capital needs; well-chosen renovations can enhance competitive positioning versus slightly newer stock. A relatively high-cost ownership landscape in the neighborhood context can sustain multifamily reliance, while manageable rent-to-income dynamics support retention and steady collections with disciplined lease management.
- Top-quartile neighborhood placement in the metro with strong school ratings supporting family renter demand
- Depth of renter-occupied housing supports tenant base and leasing durability
- 1985 vintage offers value-add and modernization pathways to improve competitiveness
- Ownership costs comparatively high in context, reinforcing reliance on rentals and potential pricing power
- Risks: neighborhood occupancy below national averages and modest amenity density require strong operations and targeted leasing