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Novel Morrisville apartments in Morrisville, NC

Updated

Novel Morrisville

909 Athletic Ln, Morrisville, NC 27560

4.8 (74 reviews) Official Website

Live pricing, refreshed

45
Units Listed
$1,582
Starting at
$2,230
Average
$3,959
Highest
$2.19
Per Sq Ft
PRO
Avg Days Listed

How does this compare? View Morrisville, NC rent trends

Beds

Pricing by Bedroom

Studio
$1,597
from $1,582 · 2 units
~567 sqft avg
1 Bed
$1,835
from $1,605 · 21 units
~753 sqft avg
2 Bed
$2,619
from $2,223 · 21 units
~1,272 sqft avg
3 Bed
$3,609
from $3,609 · 1 units
~2,062 sqft avg

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Window

Property Price Trend

Units with Price Changes (83)

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

  • Building size: stated by the property itself
  • Occupancy: building size minus currently listed units
  • Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$557K

$6.7M annual run rate

Est. Occupancy

87%

of about 336 units (reported building size)

Effective Rent on New Leases

$1,916

vs $2,230 current asking ($314 negotiation gap)

Recent Lease Activity

167 units tracked; 122 assumed leased, 45 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

  • +30 pts: 15+ units currently listed
  • +25 pts: Active move-in specials
  • +20 pts: Deep discounts (>$150/mo off)
  • +15 pts: 5+ distinct floor plans
  • +10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

45

Very high availability

18 floor plans

Move-in Specials

0

No active promotions

Negotiation Leverage

Moderate leverage

Some signals suggest room to negotiate, especially if you can be flexible on move-in date.

Available Units

45 units
Studio / 1 Bath S1B
$1,582/mo
567 ft² · $2.79/ft\u00B2 · #5123
1 Bed / 1 Bath S2
$1,605/mo
567 ft² · $2.83/ft\u00B2 · #2319
Studio / 1 Bath S1B
$1,612/mo
567 ft² · $2.84/ft\u00B2 · #5423
1 Bed / 1 Bath S2
$1,625/mo
567 ft² · $2.87/ft\u00B2 · #5119
1 Bed / 1 Bath A3
$1,699/mo
706 ft² · $2.41/ft\u00B2 · #7107
1 Bed / 1 Bath A3
$1,749/mo
706 ft² · $2.48/ft\u00B2 · #2312
1 Bed / 1 Bath A3
$1,749/mo
706 ft² · $2.48/ft\u00B2 · #2317
1 Bed / 1 Bath A3
$1,749/mo
706 ft² · $2.48/ft\u00B2 · #8204
1 Bed / 1 Bath A1
$1,759/mo
611 ft² · $2.88/ft\u00B2 · #8411
1 Bed / 1 Bath A3
$1,769/mo
706 ft² · $2.51/ft\u00B2 · #2111

Fees, Parking & True Monthly Cost

Monthly Fees

$124/mo

Added to base rent automatically

True Monthly Cost

$1,706

Starting price + fees

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Morrisville, NC notes

No resident notes for this property yet.

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