| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 38th | Fair |
| Amenities | 34th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2630 Latrobe Ave, Fayetteville, NC, 28304, US |
| Region / Metro | Fayetteville |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2630 Latrobe Ave Fayetteville Multifamily Investment
Newer 2013 construction positions this 24-unit asset competitively in an inner-suburban pocket where neighborhood occupancy has improved and renter concentration is sizable, according to WDSuite s CRE market data. Strengths include stable renter demand and practical rent-to-income dynamics that can support retention.
Located in an Inner Suburb of Fayetteville, the surrounding neighborhood is rated B+ and performs competitively among 162 metro neighborhoods on several livability factors. Park access scores in the top quartile nationally, while grocery options are competitive locally; by contrast, caf E9s and pharmacies are sparse. Average school ratings are on the lower side, which is an important leasing consideration for family-oriented renters.
The property s 2013 vintage is newer than the neighborhood s typical 1990s stock. Newer assets tend to compete well against older buildings on curb appeal and systems, reducing near-term capital needs while still allowing selective upgrades for repositioning.
Renter-occupied housing accounts for roughly 45% of units in this neighborhood, indicating a meaningful tenant base for multifamily operators and supporting ongoing leasing velocity. Neighborhood occupancy is around the upper-80s and has trended up in recent years, a positive signal for cash flow stability. Median contract rents sit near the metro middle, and a rent-to-income ratio near 0.21 suggests manageable affordability pressure that can aid retention and steady renewals.
Demographic statistics are aggregated within a 3-mile radius. Over the last five years, population was roughly flat to slightly down while household counts edged up, pointing to smaller household sizes and a renter pool that remains active. Looking forward, WDSuite s commercial real estate analysis indicates households are projected to grow meaningfully over the next five years, which would expand the local tenant base and support occupancy and absorption. Home values are lower relative to national norms, which can create some competition from entry-level ownership; however, that context also supports a value-oriented rental proposition and may bolster lease retention for well-maintained multifamily communities.
Safety indicators should be evaluated in context and over time. Based on CRE market data from WDSuite, current violent offense levels track around the national middle, and property offense levels are modestly better than national averages for comparable neighborhoods. Importantly, one-year trends show notable improvement, with both violent and property offenses declining at a faster pace than most areas nationwide.
On improvement specifically, the neighborhood ranks among the top decile nationally for the pace of decline in violent offenses and the top quartile for the decline in property offenses. Investors should still underwrite security measures appropriate for the submarket, but recent trend data points to a constructive trajectory.
This 2013-built, 24-unit property benefits from a renter-heavy neighborhood, improving occupancy, and competitive everyday amenities, supporting steady multifamily demand. According to CRE market data from WDSuite, neighborhood occupancy has improved and rent-to-income levels suggest manageable affordability pressure, which can aid renewal rates. Newer construction relative to surrounding 1990s stock enhances leasing appeal and may reduce near-term systems capex while preserving selective value-add opportunities.
Within a 3-mile radius, households have been stable to slightly rising and are projected to increase, implying a larger tenant base over the medium term. While lower home values compared to national norms can introduce competition from ownership and school ratings are weaker, the submarket s rental orientation, parks access, and improving safety trends support a durable, needs-based demand profile.
- 2013 vintage competes well against older local stock, with optional value-add upgrades
- Neighborhood renter concentration and improving occupancy support leasing stability
- Manageable rent-to-income dynamics point to retention and steady renewals
- 3-mile household growth outlook expands the tenant base over the medium term
- Risks: lower school ratings, modest amenity gaps, and potential competition from entry-level ownership