| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 67th | Best |
| Amenities | 55th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 811 Sumner Dr, Fayetteville, NC, 28303, US |
| Region / Metro | Fayetteville |
| Year of Construction | 2013 |
| Units | 30 |
| Transaction Date | 2010-07-29 |
| Transaction Price | $5,504,000 |
| Buyer | SANTA FE PROPERTIES LLC |
| Seller | BROADWELL DOHN B |
811 Sumner Dr Fayetteville NC Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and strong amenity access, according to WDSuite’s CRE market data, suggesting stable leasing fundamentals relative to the metro.
Located in an inner-suburb pocket of Fayetteville, the property benefits from neighborhood dynamics that are above the metro median in overall rating and occupancy. The renter-occupied share is high for the area, indicating a deep tenant base that can support leasing stability and limit downtime across cycles.
Amenity access is a practical advantage: cafes, restaurants, groceries, and pharmacies are present at levels that outperform national norms, which supports day-to-day livability and helps with retention. By contrast, parks and formal childcare options are limited within the immediate neighborhood, which may modestly narrow appeal for larger-household renters and suggests focusing on smaller-unit positioning and on-site convenience features.
The asset’s 2013 construction is newer than the neighborhood’s older average vintage, positioning it competitively against much of the local stock. Investors can expect relatively favorable near-term maintenance needs versus older properties, while planning for standard system refreshes as the building ages to sustain rentability.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, implying a larger tenant base and ongoing renter pool expansion. Household sizes are on the smaller side locally, which tends to support demand for studios and one-bedrooms and can aid occupancy stability for properties aligned to that mix.
Home values in the neighborhood track below national medians, while rent-to-income levels indicate manageable affordability for many renters. For investors, this mix can support retention and steady collections, though more accessible ownership options in parts of the metro may temper long-run pricing power at the margin.
Safety indicators for the neighborhood trend below metro and national benchmarks. Relative to other Fayetteville neighborhoods (162 total), the area ranks in the lower half for crime, and national comparisons place it below the median. Recent readings point to a year-over-year uptick in property offenses, underscoring the importance of routine security measures and active property management.
For investors, the takeaway is risk management rather than avoidance: screening, lighting, and coordination with local resources can help sustain leasing while addressing resident expectations. Avoid relying on block-level conclusions; safety conditions can vary within short distances and should be validated during on-site diligence.
This 2013-vintage, 30-unit asset sits in an inner-suburb location where renter-occupied housing is prevalent and neighborhood occupancy trends run above the metro median. Strong everyday amenities within the trade area support retention, and 3-mile demographics point to continued renter pool expansion, which together underpin demand for professionally managed multifamily. Based on CRE market data from WDSuite, the property’s newer construction relative to older local stock should remain competitive, provided capital is reserved for targeted system updates over time.
Balanced affordability metrics suggest room for consistent leasing, while below-median safety readings and limited nearby parks/childcare warrant pragmatic management and resident-experience investments. Ownership remains more accessible than in high-cost markets, which can modestly constrain rent growth in certain phases of the cycle, but the combination of renter concentration, amenity access, and projected household growth supports a durable long-term thesis.
- Renter-heavy neighborhood and above-median occupancy support stable leasing fundamentals.
- 2013 vintage is competitive versus older local stock, reducing near-term capex pressure with planned system refreshes.
- Strong amenity access and smaller household sizes favor demand for smaller-unit layouts and retention.
- 3-mile population and household growth indicate a larger tenant base over the medium term.
- Risks: below-median safety metrics and relatively accessible ownership could temper pricing power; active management is key.