| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 72nd | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 230 Pinecrest Dr, Fayetteville, NC, 28305, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1975 |
| Units | 32 |
| Transaction Date | 2025-11-19 |
| Transaction Price | $2,750,000 |
| Buyer | LIP WHITFIELD APARTMENTS LLC |
| Seller | WMG INVESTMENTS LLC |
230 Pinecrest Dr, Fayetteville NC Multifamily Investment
Neighborhood occupancy is stable and above typical metro levels, supported by a growing income base and manageable rent-to-income dynamics, according to WDSuite s CRE market data. For investors, that points to resilient renter demand even as the broader Fayetteville cycle normalizes.
Located in a suburban pocket of Fayetteville with an A+ neighborhood rating, the area ranks 7th out of 162 metro neighborhoods top quartile among Fayetteville submarkets by overall quality based on CRE market data from WDSuite. Neighborhood occupancy averages 95.5% (ranked 23rd of 162), indicating above-median stability and positive absorption over the last five years.
Amenities skew practical: grocery access is competitive (ranked 26th of 162) and cafes are relatively dense for a suburban node (11th of 162), while parks and pharmacies are limited within the immediate neighborhood. Average school ratings trend around the middle (3.0 out of 5), which is serviceable for workforce-oriented multifamily but not a primary differentiator.
The 1975 vintage is older than the neighborhood s average construction year of 1990, which points to potential capital planning needs and value-add upside through unit modernization and system upgrades. Home values are elevated for the metro context, and with a rent-to-income ratio near 0.11, the ownership cost environment tends to support sustained reliance on rental housing a positive for lease retention and pricing power.
Within a 3-mile radius, demographics show a mixed but investable picture: the recent period saw modest population contraction alongside smaller household sizes, yet forecasts call for household growth and income gains over the next five years. This combination suggests a larger tenant base ahead and supports occupancy stability for well-positioned assets.
Safety trends are mixed relative to broader benchmarks. The neighborhood sits below the national median for safety (around the 43rd percentile nationwide), and within the Fayetteville metro it ranks 72nd out of 162 neighborhoods roughly mid-pack. Recent signals show violent incidents trending lower year over year, while property-related offenses ticked up; investors should underwrite to prudent security and lighting upgrades and monitor submarket trendlines over subsequent reporting periods.
This 32-unit, 1975-vintage multifamily asset benefits from a top-quartile neighborhood position within the Fayetteville metro, steady occupancy at the neighborhood level, and practical amenity access that supports everyday living. The older vintage introduces clear value-add pathways interior upgrades and system modernization that can improve competitive standing against newer stock while targeting durable cash flow. According to commercial real estate analysis from WDSuite, the surrounding area s income growth and favorable rent-to-income dynamics reinforce renter demand, with forward-looking household expansion within 3 miles pointing to a larger tenant base over time.
Risks to consider include mixed safety indicators, limited park and pharmacy access nearby, and the need for disciplined capital planning typical of 1970s construction. On balance, the location s occupancy resilience and demographic tailwinds position the asset for steady performance with targeted operational and renovation execution.
- Top-quartile neighborhood rank (7 of 162) with stable, above-median occupancy
- 1975 vintage offers actionable value-add via interiors and building systems
- Practical amenity access (grocery, cafes) supports renter convenience and retention
- Within 3 miles, projected household growth and rising incomes expand the tenant base
- Risks: mixed safety readings, sparse parks/pharmacies, and capex typical of 1970s assets