| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 31st | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3717 Damien Dr, Hope Mills, NC, 28348, US |
| Region / Metro | Hope Mills |
| Year of Construction | 2006 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3717 Damien Dr, Hope Mills Multifamily Investment
Neighborhood occupancy around 95% and a competitive renter base suggest steady leasing fundamentals, according to WDSuite’s CRE market data. Positioned in an inner-suburban Fayetteville submarket, the asset caters to workforce demand with practical access to daily needs.
Located in an Inner Suburb of the Fayetteville, NC metro, the neighborhood carries a B rating and ranks 63 out of 162 metro neighborhoods, placing it above the metro median. Occupancy in the neighborhood is strong and in the top quartile among 162 metro neighborhoods, supporting stable cash flow potential for multifamily. Renter-occupied housing represents a competitive share locally (45.6%), which is also high compared with neighborhoods nationwide (85th percentile), indicating depth in the tenant pool.
Everyday amenities are accessible: restaurants and grocery options test well relative to national peers (both around the 70th–77th percentiles), and pharmacies are similarly strong. Cafés, parks, and childcare options are thinner locally, which may limit certain lifestyle conveniences compared with more urban neighborhoods. Average school ratings in the neighborhood trend on the lower side (23rd percentile nationally), which investors sometimes account for in resident profiling and leasing strategy.
Home values in the neighborhood sit on the more accessible end of the spectrum for owners, which can introduce some competition with entry-level ownership. That said, rent-to-income levels around 0.18 and median contract rents in line with the metro’s mid-range point to manageable affordability pressure for renters, aiding lease retention. This balance of ownership accessibility and rental affordability suggests measured pricing power rather than outsized volatility, a useful input for commercial real estate analysis.
Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, with households expected to increase further over the next five years. This implies a larger tenant base over time, supporting occupancy stability and absorption for well-managed assets.
Built in 2006, the property is newer than the neighborhood’s average vintage (1962). That relative youth can help competitive positioning versus older stock, while still leaving scope for targeted renovations and systems updates as part of a value-add or capital planning program.
Neighborhood safety indicators compare favorably on violent incidents, trending in the top decile nationally, while overall crime levels are above the national median. Within the Fayetteville metro, the area is competitive among 162 neighborhoods. Property-related offenses appear more mid-range and have shown some recent variability, so investors may wish to emphasize lighting, access control, and resident engagement as part of operations.
The Fayetteville-area employment base spans defense-related roles, healthcare services, and regional retail/distribution, which typically supports workforce housing demand and commute convenience for renters in inner-suburban locations.
This 64-unit, 2006-vintage asset sits in a Fayetteville inner-suburban neighborhood with above-median metro positioning and top-quartile neighborhood occupancy, supporting leasing stability. Renter concentration is competitive locally and high relative to national norms, reinforcing depth in the tenant pool. According to CRE market data from WDSuite, neighborhood rents and rent-to-income levels indicate manageable affordability pressure, which can aid retention while leaving room for thoughtful renovations and revenue management.
The property’s newer vintage versus the area’s older stock provides relative competitiveness and a platform for targeted value-add (interiors, common areas, and energy-efficiency upgrades). Household growth within a 3-mile radius points to a gradually expanding renter pool over the next several years. Balanced against this are measured risks, including lower average school ratings and some competition from attainable homeownership, along with mid-range property crime trends that warrant standard operational focus.
- Top-quartile neighborhood occupancy among 162 metro neighborhoods supports cash flow stability
- Competitive renter concentration locally and strong national standing for renter depth
- 2006 vintage offers competitive positioning versus older stock with value-add potential
- 3-mile household growth expands the tenant base, supporting leasing and retention
- Risks: lower average school ratings, attainable ownership alternatives, and mid-range property crime trends