| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 72nd | Best |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 810 Executive Pl, Fayetteville, NC, 28305, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1980 |
| Units | 108 |
| Transaction Date | 2016-07-08 |
| Transaction Price | $3,081,000 |
| Buyer | TOWERS WEST AFFORDABLE LLC A NORTH CAROL |
| Seller | TOWERS WEST LIMITED PARTNERSHIP A NORTH |
810 Executive Pl Fayetteville NC Multifamily Opportunity
Neighborhood occupancy is strong and trending positively versus the metro, supporting stable leasing conditions according to WDSuite’s CRE market data.
Located in a suburban pocket of Fayetteville, the property sits in a neighborhood rated A+ and ranked 7 out of 162 metro neighborhoods, indicating competitive fundamentals relative to the local market. Neighborhood occupancy is in the top quartile among 162 metro neighborhoods, a constructive backdrop for sustaining cash flow at similar assets. Median contract rents in the neighborhood track near national mid-range levels, suggesting balanced pricing power without outsized affordability pressure.
The 1980 vintage is older than the neighborhood’s average construction year (1990), which points to potential value-add through interior updates, building systems, and curb appeal while planning for ongoing capital needs typical of this era. A moderate renter-occupied housing share in the immediate neighborhood, combined with deeper renter concentration within a 3-mile radius, signals a meaningful tenant base to draw from and supports demand continuity for multifamily units.
Local livability drivers are mixed. Grocery access ranks in the top quartile among 162 metro neighborhoods, and the area shows competitive food-and-beverage density (cafes and restaurants) for a suburban location. Average school ratings are above many peer areas within the metro (top-quartile rank locally), which can aid retention for family renters. However, parks and pharmacies are limited within the neighborhood boundaries, so residents may rely on nearby districts for those needs.
Within a 3-mile radius, recent population trends have been soft, but WDSuite data indicates a forecasted return to population growth alongside a notable increase in households and smaller average household sizes. For investors, that combination typically expands the renter pool and supports occupancy stability, particularly for well-maintained, conveniently located properties. Elevated neighborhood home values (top quartile among 162 metro neighborhoods) create a high-cost ownership context that can reinforce renter reliance on multifamily housing and aid lease retention.
Safety indicators for the neighborhood are mixed but improving in some categories. Compared with other areas in Fayetteville (ranked 72 out of 162 neighborhoods), overall crime levels sit near the metro midpoint, while national comparisons place the neighborhood below the safer half of U.S. neighborhoods. Recent trends show violent offenses moving in a better direction year over year, which is constructive from a risk-management standpoint.
For underwriting, this suggests a need for standard operational measures—lighting, access controls, and resident engagement—while recognizing that the neighborhood’s trajectory shows signs of gradual improvement rather than deterioration.
This 108-unit asset offers exposure to a Fayetteville neighborhood with durable renter demand and occupancy that ranks in the top quartile locally. According to CRE market data from WDSuite, neighborhood rent levels are balanced versus national medians, and rent-to-income positioning indicates manageable affordability pressure that can support retention. Elevated neighborhood home values relative to the metro reinforce reliance on rentals, while school quality and everyday amenities bolster livability for a range of renter profiles.
Built in 1980, the property is older than the neighborhood average, creating clear value-add and capital-planning angles through modernization of interiors and building systems. Looking within a 3-mile radius, WDSuite data points to forecasted growth in population and a substantial increase in households, which typically expands the tenant base and supports occupancy stability over the medium term. Key risks include limited park and pharmacy access within the neighborhood and safety metrics that sit around the metro average, warranting ongoing operational attention.
- Top-quartile neighborhood occupancy in the Fayetteville metro supports leasing stability.
- Balanced rent levels and favorable rent-to-income dynamics aid resident retention.
- 1980 vintage offers value-add potential through renovations and system upgrades.
- 3-mile outlook shows population growth and a larger household base, expanding the renter pool.
- Risks: limited parks/pharmacy access and safety near metro average call for active management.