| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 39th | Fair |
| Demographics | 66th | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 412 Oakridge Ave, Fayetteville, NC, 28305, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1972 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
412 Oakridge Ave Fayetteville 45-Unit Multifamily
Renter concentration in the surrounding area is elevated relative to many U.S. neighborhoods, supporting a deeper tenant base, while neighborhood occupancy trends sit below national mid‑points, according to WDSuite’s CRE market data.
Located in an inner-suburban pocket of Fayetteville, the neighborhood ranks 2nd out of 162 metro neighborhoods (A+ rating), placing it firmly in the top quartile among Fayetteville locations for overall livability. Everyday convenience is a strength: grocery access ranks 3rd of 162 and pharmacies 1st of 162, with restaurants also competitive, while cafes are limited. These amenity dynamics support daily needs and help with resident retention.
Median neighborhood contract rents sit around the metro middle and have grown over the last five years, while the rent-to-income ratio is near national mid‑points. For investors, that suggests room for disciplined pricing without pushing affordability pressure too far, though lease management discipline remains important for renewal stability.
Neighborhood occupancy is below national mid‑points, indicating competitive leasing conditions and the importance of asset-level execution to maintain collections and stabilize tenancy. At the same time, renter-occupied housing accounts for a sizable share of units (ranked 43rd of 162 within the metro and high nationally), signaling a meaningful multifamily renter pool to draw from.
Within a 3‑mile radius, recent years show population contraction and smaller average household sizes, but projections indicate a return to population growth with a notable increase in total households. A growing household count alongside smaller household sizes typically expands the renter pool for studios and one-bedrooms, supporting occupancy stability for well‑positioned properties. These forward indicators, based on CRE market data from WDSuite, point to steady demand drivers if operators match unit mix and finishes to local preferences.
The property’s 1972 vintage is newer than the neighborhood’s average construction year. That relative positioning can be advantageous versus older stock, though investors should underwrite ongoing system updates and targeted renovations to sustain competitiveness and capture value‑add upside.
Safety indicators for the neighborhood sit below national mid‑points, and the area ranks around the middle of 162 Fayetteville neighborhoods. Property and violent offense trends warrant monitoring, with recent year-over-year movement indicating variability. For underwriting, plan for standard security measures and community engagement to support resident comfort and retention.
This 45‑unit asset in a top‑ranked Fayetteville neighborhood benefits from strong daily‑needs access (top ranks for groceries and pharmacies) and a renter base that is comparatively deep for the metro. While neighborhood occupancy trails national mid‑points, rents sit near the middle and have trended upward, supporting a pragmatic value‑add or operations‑focused thesis.
Built in 1972, the property is relatively newer than much of the surrounding stock, offering competitive positioning with clear scope for targeted upgrades to drive rent and retention. Within a 3‑mile radius, projected household growth alongside smaller household sizes points to a larger tenant base for smaller formats, which can support leasing velocity and renewal performance when paired with disciplined management, based on commercial real estate analysis from WDSuite.
- Top-tier neighborhood within Fayetteville (2 of 162) with strong daily-needs access
- Renter-occupied share is high for the metro, indicating depth in the multifamily tenant base
- 1972 vintage offers relative competitiveness versus older stock with clear value‑add potential
- Household growth and smaller sizes within 3 miles support demand for smaller units
- Risk: Neighborhood occupancy sits below national mid‑points, requiring focused leasing and renewal strategy