| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 31st | Poor |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4051 William Bill Luther Dr, Hope Mills, NC, 28348, US |
| Region / Metro | Hope Mills |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4051 William Bill Luther Dr Hope Mills Multifamily Investment
Neighborhood occupancy trends are solid for the Fayetteville metro, supporting stabilized cash flows, according to WDSuite s CRE market data. Positioning in an inner-suburban location with renter demand above the metro median points to a steady tenant base.
The property sits in an Inner Suburb neighborhood of Hope Mills rated B, ranking 63 out of 162 within the Fayetteville metro competitive among local neighborhoods. Restaurants, groceries, and pharmacies are comparatively accessible for the area (national percentiles in the 70s for restaurants and groceries, mid-70s for pharmacies), while parks, cafes, and childcare are sparse a consideration for resident lifestyle positioning.
Neighborhood occupancy is strong (top quartile among 162 metro neighborhoods), which supports income durability for well-managed assets. Median asking rents in the neighborhood trend below national norms, reinforcing a value-oriented positioning that can help sustain leasing velocity without over-reliance on concessions.
Vintage matters: built in 2003, the asset is materially newer than the neighborhood average stock (1960s era). That can enhance competitive standing versus older properties, though investors should still underwrite routine system updates and selective modernization to support retention and pricing.
Tenure patterns indicate depth for multifamily: the neighborhood s renter-occupied share is in the top quartile among 162 metro neighborhoods, pointing to a broad tenant base and demand stability for small and mid-size communities. Within a 3-mile radius, population and households have grown in recent years and are projected to continue expanding, implying a larger renter pool and support for occupancy going forward.
Home values in the neighborhood sit below national medians, which can introduce some competition from entry-level ownership. Even so, relatively moderate rent-to-income levels and value-oriented rents favor lease retention and steady renewals, especially for workforce households.
Safety indicators are mixed when comparing neighborhood and national views. Within the Fayetteville metro, the neighborhood s overall crime rank (58 out of 162) sits below the metro median for safety, signaling relatively higher crime than many peer neighborhoods. Nationally, violent-offense indicators benchmark in the high-safe range (top decile), while property-offense measures align closer to mid-safe ranges.
Trend-wise, recent data shows violent incidents moving down year over year, while property-related incidents increased. For investors, that mix suggests standard risk management and security measures remain important for retention and asset protection, with monitoring of property-crime trends prudent during hold.
This 24-unit, 2003-vintage community benefits from a renter-heavy Inner Suburb location where occupancy performance is strong relative to the metro. Restaurants, grocery, and pharmacy access outperforms many suburban peers, supporting day-to-day convenience even as park and cafe density is limited. Rents track below national levels and rent-to-income appears moderate, creating a value posture that can aid leasing and renewals. Based on commercial real estate analysis from WDSuite, these neighborhood fundamentals align with steady renter demand and support for stabilized operations.
Looking ahead, 3-mile demographics point to continued population and household growth, implying an expanding tenant base. While lower home values in the area can create competition from ownership, the property s newer construction relative to the 1960s neighborhood average offers competitive positioning versus older stock provided investors plan for normal lifecycle updates. Safety signals are mixed stronger on violent measures, softer on property incidents and should be addressed through standard on-site practices.
- Occupancy strength and above-median renter concentration support demand resilience
- 2003 vintage competes well versus older neighborhood stock, with targeted updates enhancing positioning
- Value-oriented rents and moderate rent-to-income bolster leasing and renewal prospects
- 3-mile population and household growth expand the tenant base and support occupancy
- Risks: below-average school ratings, limited parks/cafes, and recent property-crime uptick warrant active management