| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 54th | Best |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 20 Kyle Ln, Burnsville, NC, 28714, US |
| Region / Metro | Burnsville |
| Year of Construction | 1988 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
20 Kyle Ln, Burnsville NC Multifamily Investment
1988 vintage in a rural A+ rated neighborhood offers value-add and operational upside versus older local stock, while neighborhood occupancy trends sit below national norms, according to WDSuite’s CRE market data.
Located in Burnsville, this 44-unit property sits in a rural neighborhood with an A+ rating among 10 local neighborhoods in Yancey County. The area’s occupancy metrics are measured at the neighborhood level, not the property; current neighborhood occupancy trends are below national averages, signaling potential lease-up and retention work but also room to capture demand with the right positioning.
With a 1988 construction year and the neighborhood’s average vintage skewing older (1960s), the asset is newer than much of the local stock. This positioning can support competitiveness against older product while still requiring targeted modernization and systems updates typical for late-1980s buildings.
Amenities reflect a small-town core: restaurants and cafes are present for a rural setting, and basic services like a pharmacy are nearby, while grocery and park access are thinner. For investors, this suggests resident convenience for daily needs but limited destination retail; marketing should emphasize practicality and small-town livability rather than lifestyle clusters.
Tenure data show a relatively low share of renter-occupied units at the neighborhood level, indicating a thinner renter base but potentially steadier tenancy among existing renters. Median contract rents run lower than major metros, and rent-to-income ratios point to modest affordability pressure—favorable for retention though it may temper near-term pricing power. According to WDSuite s commercial real estate analysis, local NOI per unit performance is competitive within the county but sits below national tiers, which underscores the importance of expense control and thoughtful value-add scopes.
Within a 3-mile radius, population has expanded in recent years and average household size has edged smaller, which can support a broader tenant pool and demand for smaller units. Educational attainment has trended upward, and median household incomes have risen, supporting collections and stability even if headline rents remain moderate by national standards.
Published neighborhood-level safety metrics are limited for this area in the current dataset. Investors typically benchmark safety trends against county and regional patterns and monitor changes over time rather than relying on block-level conclusions. Routine engagement with local stakeholders and ongoing trend tracking can help inform leasing strategies and capital planning.
Employment access is oriented toward regional employers within commuting distance, supporting workforce housing demand and day-to-day leasing stability. Notable nearby employer includes:
- Airgas Store corporate offices (28.1 miles)
This 1988, 44-unit asset is newer than much of the surrounding inventory, offering a practical platform for value-add upgrades that can differentiate it within a rural, A+ rated neighborhood. Neighborhood occupancy is below national averages, so underwriting should emphasize thoughtful leasing and asset management, but low rent-to-income levels indicate manageable affordability pressure that can support retention. According to CRE market data from WDSuite, local operating performance is competitive within the county, suggesting room to enhance NOI through targeted renovations and expense discipline.
Within a 3-mile radius, population and incomes have risen and household sizes have trended smaller—signals that can expand the renter pool for well-managed properties. Amenity access is basic but functional (dining, cafes, pharmacy), while limited grocery and park options reinforce a positioning around convenience and small-town living rather than lifestyle clustering.
- 1988 vintage offers value-add potential versus older neighborhood stock
- Below-national neighborhood occupancy suggests lease-up and management-driven upside
- Low rent-to-income supports retention and collections stability
- 3-mile demographic trends point to a broader renter pool over time
- Risk: owner-leaning tenure and thinner amenity set may temper rent growth without a clear value proposition