| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Fair |
| Demographics | 46th | Good |
| Amenities | 12th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6401 Hidden Lake Loop, Fayetteville, NC, 28304, US |
| Region / Metro | Fayetteville |
| Year of Construction | 2004 |
| Units | 24 |
| Transaction Date | 2021-08-23 |
| Transaction Price | $30,300,000 |
| Buyer | HIDDEN LAKE XII LLC |
| Seller | HIDDEN LAKE APARTMENTS LLC |
6401 Hidden Lake Loop Fayetteville Multifamily Investment
Newer-vintage units in a renter-heavy inner suburb suggest stable leasing potential, according to WDSuite’s commercial real estate analysis of neighborhood fundamentals.
The property sits in an Inner Suburb of Fayetteville with a neighborhood rating of C+, where grocery access is competitive among Fayetteville neighborhoods (ranked 29 out of 162), though cafes, restaurants, parks, and pharmacies are sparse locally. Day-to-day convenience is viable, but residents are likely car-reliant for broader amenities.
Neighborhood occupancy is above the metro median (ranked 77 of 162), and renter-occupied housing accounts for a top quartile share locally (57% renter concentration, ranked 24 of 162). For investors, a deep renter base points to consistent multifamily demand and supports leasing durability across cycles, based on CRE market data from WDSuite.
The 3-mile demographic view shows modest population contraction over the last five years with smaller average household sizes, while forecasts point to an increase in total households and higher median incomes by 2028. This combination indicates a potential shift toward more, smaller households entering the renter pool, which can support occupancy stability and absorption for workforce-oriented product.
Median contract rents in the neighborhood sit near the national middle and the rent-to-income ratio around 0.19 signals moderate affordability pressure, which can aid retention. Median home values are lower than many U.S. markets, creating some competition from entry-level ownership; however, that ownership landscape can coexist with sustained multifamily demand given the neighborhood’s strong renter concentration and convenience to essentials.
The average construction year nearby is 1981; with a 2004 vintage, the asset is newer than much of the surrounding stock, supporting competitive positioning versus older properties while still warranting standard system updates over the hold period.
Safety trends are mixed but improving. The neighborhood’s overall crime standing is competitive among Fayetteville neighborhoods (ranked 49 out of 162) and sits above the national middle (around the 60th percentile nationwide). Recent year-over-year declines in both property and violent offense estimates, according to WDSuite’s CRE market data, suggest momentum in the right direction, though conditions can vary block to block.
Built in 2004 with 24 units, this property is newer than the neighborhood average and should compete well against older nearby stock. Neighborhood occupancy performs above the metro median and renter concentration is in the top quartile locally, indicating a sizable tenant base to support leasing and renewal performance. According to CRE market data from WDSuite, rents and incomes in the area align near national midranges, reinforcing a workforce housing profile with manageable affordability pressure.
The 3-mile area has seen population edge down historically, but forecasts point to more households with smaller sizes and rising incomes, which can expand the renter pool and support occupancy stability. Lower home values may present some competitive pressure from ownership, but the area’s renter-occupied share and grocery-anchored convenience support ongoing multifamily demand.
- Newer 2004 vintage versus a 1981 neighborhood average supports competitive positioning.
- Above-metro-median neighborhood occupancy and top-quartile renter concentration underpin demand stability.
- Workforce price point with moderate rent-to-income dynamics aids retention and renewal execution.
- 3-mile outlook shows more households and higher incomes, supporting future leasing depth.
- Risks: more accessible ownership options and limited nearby lifestyle amenities may temper rent growth.