| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 55th | Best |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5441 Basking Ridge Dr, Fayetteville, NC, 28314, US |
| Region / Metro | Fayetteville |
| Year of Construction | 2001 |
| Units | 108 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5441 Basking Ridge Dr Fayetteville Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and steady household growth within a 3-mile radius, according to WDSuite’s CRE market data. The 2001 vintage positions the asset competitively versus older nearby stock while leaving room for targeted modernization.
This Inner Suburb neighborhood ranks 6th out of 162 metro neighborhoods with an A+ neighborhood rating, signaling strong fundamentals relative to the Fayetteville market. Amenity access is a notable strength: cafés and grocery stores place in the top decile metro-wide (ranks 2 and 4 of 162, respectively) and score well nationally, which helps leasing appeal and day-to-day convenience for residents.
From an operations lens, neighborhood occupancy is roughly in line with the metro average, while the renter-occupied share is elevated (61%+; rank 19 of 162, top quintile), indicating a deep tenant base that supports multifamily absorption and renewal activity. Median contract rents in the neighborhood have grown briskly over the last five years, and with a rent-to-income ratio around 0.22, affordability pressure appears manageable for lease retention. Home values are comparatively accessible for owners in this submarket, which can introduce some competition with entry-level ownership, but it also tends to sustain renter reliance on well-located apartments.
The property’s 2001 construction is newer than the neighborhood’s average vintage (mid-1980s), which can reduce near-term capital needs versus older stock and enhance competitive positioning. Select upgrades or system modernizations may still be prudent to capture rent premiums and maintain occupancy stability.
Demographics within a 3-mile radius show population and households expanding over the past five years, with forecasts calling for continued household growth and a slight decrease in average household size through 2028. This points to a larger tenant base and ongoing demand for rental units, which supports leasing velocity and renewal performance. These dynamics align with broader commercial real estate analysis trends for workforce-oriented suburban nodes.
Neighborhood safety performance sits near the metro midpoint (crime rank 81 out of 162), and comparisons to national benchmarks indicate below-average safety levels for property crime. However, recent trends show improvement in violent offense rates year over year, a constructive datapoint for forward risk assessment. As always, investors should evaluate on-site security practices and resident experience alongside broader neighborhood metrics.
The 108-unit asset at 5441 Basking Ridge Dr benefits from a high renter concentration in the surrounding neighborhood, solid amenity access, and household expansion within a 3-mile radius—factors that support a durable tenant base and stable leasing. According to CRE market data from WDSuite, neighborhood occupancy trends are generally in line with metro levels, while median rents have advanced alongside manageable rent-to-income levels, suggesting room for disciplined revenue management.
Built in 2001, the property is newer than the area’s average vintage, offering relative competitiveness versus older stock and potential for targeted upgrades to enhance rent positioning. While the submarket’s ownership costs are comparatively accessible—creating some competition with entry-level homeownership—and property crime benchmarks trail national norms, strong renter demand drivers and improving violent offense trends provide a balanced long-term outlook.
- High renter-occupied share and amenity-rich location support tenant demand and retention.
- 2001 vintage offers competitive positioning versus older nearby stock with value-add potential via targeted modernization.
- Neighborhood occupancy near metro norms with manageable rent-to-income supports steady cash flow management.
- 3-mile household growth and smaller household sizes point to a larger renter pool and leasing depth.
- Risks: comparatively accessible ownership options and below-average national safety benchmarks require proactive leasing and on-site risk management.