| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 57th | Best |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5709 Ivanhoe Ct, Fayetteville, NC, 28314, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1994 |
| Units | 20 |
| Transaction Date | 2006-09-05 |
| Transaction Price | $17,265,000 |
| Buyer | BPP KINGS CROSS LLC |
| Seller | HRA KINGS CROSS LLC |
5709 Ivanhoe Ct Fayetteville Multifamily Investment
Renter concentration in the surrounding neighborhood supports a steady tenant base even as occupancy trends are mixed, according to WDSuite’s CRE market data. This location offers working-household demand with generally manageable rent-to-income levels that can aid lease retention.
The property sits in an inner-suburban pocket of Fayetteville that ranks 22 out of 162 neighborhoods locally with an overall A neighborhood rating, placing it in the top quartile among metro peers. For investors, that positioning points to durable fundamentals relative to many nearby submarkets, even if not every metric leads the market.
Day-to-day conveniences are present but not extensive. Restaurants are accessible and pharmacies are relatively close by, while cafes, parks, and grocery options are thinner in the immediate area. Amenity access ranks 45 of 162 in the metro, which is competitive among Fayetteville neighborhoods but middle-of-the-pack nationally.
Multifamily demand is underpinned by a high share of renter-occupied housing in the neighborhood (a strong renter concentration compared with national norms). Neighborhood occupancy is below national averages but has edged higher over the past five years, suggesting stabilization rather than significant softening. Median contract rents trend around the metro middle, and a rent-to-income profile that sits in lower national percentiles supports lease retention, though it may temper near-term pricing power.
Within a 3-mile radius, demographics indicate a broad renter pool: households have grown modestly in recent years and are projected to expand further even as population growth levels off, implying smaller average household sizes and more lease demand per capita. These dynamics typically support occupancy stability for well-managed assets.
Safety trends are mixed but improving in several categories. The neighborhood’s crime rank is 55 out of 162 within the Fayetteville metro, which is competitive among Fayetteville neighborhoods, and overall safety performance sits around the middle of neighborhoods nationwide.
According to recent readings, property offenses are near the national middle but have declined meaningfully year over year, a constructive trend for long-term investors. Violent offense metrics track below the national middle, though they have also eased modestly over the last year. As always, asset-level security, lighting, and resident screening can influence outcomes beyond neighborhood baselines.
This 20-unit asset in Fayetteville benefits from a deep renter base and metro-competitive neighborhood positioning. Neighborhood occupancy has been relatively stable over the last five years, and a lower rent-to-income profile supports retention and collections management. At the same time, national-percentile readings point to only moderate amenity density, so asset operations and unit finishes will be important for leasing velocity and renewal capture, per commercial real estate analysis from WDSuite.
Home values in the area are lower than many national peers, which can introduce some competition from ownership, but the high share of renter-occupied units locally and projected household growth within a 3-mile radius indicate a resilient tenant pipeline. Neighborhood NOI per-unit benchmarks trail stronger national cohorts, suggesting the need for disciplined expense control and targeted value-add execution to outperform.
- High renter concentration and expanding 3-mile household base support a larger tenant pool and occupancy stability.
- Metro-competitive neighborhood rank (22 of 162) indicates durable local fundamentals versus many nearby areas.
- Manageable rent-to-income profile aids retention and collections, with scope for thoughtful revenue management.
- Risk: Below-national amenity density and moderate neighborhood occupancy require strong leasing and asset management to sustain performance.
- Risk: Neighborhood NOI per-unit benchmarks are thinner than top national markets, emphasizing expense discipline and targeted value-add.