Listing Agency: Greysteel

Listed By: John Manning · License #NC 287486

Source: Crexi

Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 7:40AM

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Investment Insights

Based on property information with market context.

Pine Hills Apartments is an apartment building comprising 48 units and classified as a multifamily property. The asset is located at 1650 Royal Pines Drive in Raleigh, North Carolina 27610.

Key Highlights

• 48‑unit apartment building
• Multifamily property classification
• Located at 1650 Royal Pines Drive, Raleigh, NC 27610

Property Analytics

Property Profile

Current Use

Pine Hills Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Skin Care Clinic Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48

Residential units

Location Intelligence

Trade Area within ½ mile

289

Businesses Nearby

Explore this area Business Placement

Demographics for 27610, NC

75,164

Population

29,245

Households

2.6

Avg Household Size

34

Median Age

28%

College-Educated

86%

High-School Grad

45.2 sq mi

ZIP Area

1,663

Density / Sq Mi

$66,245

Median Household Income

$37,582

Median Earnings

$1,319

Median Rent

$260,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily apartment property in Raleigh with a defined residential income configuration.

Where is this apartment building located?

The property is located at 1650 Royal Pines Drive Raleigh, NC.

What are key features of this property?

This property features: 48‑unit apartment building; Multifamily property classification; Located at 1650 Royal Pines Drive, Raleigh, NC 27610