| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 37th | Fair |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3513 Shipstone Pl, Hope Mills, NC, 28348, US |
| Region / Metro | Hope Mills |
| Year of Construction | 1998 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3513 Shipstone Pl Hope Mills Multifamily Investment
Neighborhood occupancy is strong and trending up, supporting stable cash flow potential according to WDSuite’s CRE market data, while the 1998 vintage points to practical value-add pathways.
This Inner Suburb location in Hope Mills offers steady renter demand supported by neighborhood-level occupancy in the top quartile nationally and a rank above the metro median (16 out of 162 Fayetteville neighborhoods). These metrics reflect the neighborhood, not the property, and suggest resilient leasing conditions and fewer downtime gaps across cycles.
Within a 3-mile radius, WDSuite indicates recent population growth and an increasing household count, with additional household expansion projected through 2028. For multifamily investors, that translates into a larger tenant base over time and support for occupancy stability, even as average household size edges lower.
Renter concentration is roughly one-third of housing units, indicating a meaningful pool of renter-occupied households without oversaturation. Median rent levels and rent-to-income ratios in the neighborhood point to manageable affordability pressure, which can aid retention and reduce turnover risk relative to more cost-burdened submarkets.
Local amenities within the immediate neighborhood footprint are limited (low amenity rank among 162 metro neighborhoods and low national amenity percentile), reinforcing a more car-oriented profile. That said, average school ratings are competitive among Fayetteville neighborhoods (rank 14 of 162; around the upper half nationally), which can help support family-oriented renter demand. Home values are relatively accessible in context, which may introduce some competition from entry-level ownership, but current neighborhood occupancy strength continues to underpin rental demand.
The property’s 1998 construction is older than the neighborhood’s average vintage (2006), creating potential value-add and capital planning opportunities to modernize interiors and systems for improved competitive positioning versus newer stock.
Comparable crime data for this neighborhood is not available in the current WDSuite release. Investors typically benchmark neighborhoods against metro and national patterns to gauge relative safety and leasing durability; in the absence of a ranked or percentile position here, prudent underwriting may include on-the-ground diligence, review of public safety reports, and engagement with local property managers for trend context.
3513 Shipstone Pl benefits from neighborhood occupancy that ranks above the metro median and sits in the top quartile nationally, indicating durable demand and support for steady lease-up and retention. Within a 3-mile radius, population has grown and households are projected to rise through 2028, expanding the renter pool and helping sustain occupancy. Median rents and rent-to-income dynamics suggest manageable affordability pressure relative to many markets, which can support pricing power without elevating turnover risk. According to CRE market data from WDSuite, the submarket’s fundamentals are consistent with workforce-oriented renter demand rather than discretionary, luxury-driven cycles.
The 1998 vintage is older than the area’s average stock, pointing to clear value-add levers—interior refresh, common-area upgrades, and select system updates—to enhance competitive standing versus newer product. While local amenities within the neighborhood are limited and accessible ownership options may create some competitive tension, the combination of high neighborhood occupancy, a stable renter base, and modernization upside forms a balanced, defensible thesis.
- Strong neighborhood occupancy (above metro median; top quartile nationally) supports leasing stability
- Expanding 3-mile household base points to a larger tenant pool and sustained demand
- Manageable rent-to-income context favors retention and measured rent growth strategies
- 1998 vintage offers value-add and capital planning opportunities to lift NOI
- Risks: limited nearby amenities and potential competition from entry-level ownership options