| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 29th | Poor |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 651 Seth Way, Hope Mills, NC, 28348, US |
| Region / Metro | Hope Mills |
| Year of Construction | 2003 |
| Units | 44 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
651 Seth Way, Hope Mills NC Multifamily Investment
Neighborhood occupancy is competitive within the Fayetteville metro and has trended upward, supporting stable leasing fundamentals, according to CRE market data from WDSuite. The property’s inner-suburb location draws from a broad renter base seeking convenience and value.
Located in an Inner Suburb of the Fayetteville, NC metro, the neighborhood carries an A- rating and sits above the metro median overall (28 of 162 neighborhoods). Amenity access is serviceable for everyday needs with better-than-average proximity to groceries and childcare, while cafes and restaurants are present in moderate density. Park and pharmacy options are limited within the immediate neighborhood, so residents may rely on nearby districts for those services.
Rents in the neighborhood track near the metro middle, and the neighborhood occupancy rate is above the metro median and competitive among Fayetteville neighborhoods. With a renter-occupied share near half of housing units, the area supports a consistent tenant base and demand depth for multifamily. Home values are lower than many national peers, which can temper near-term pricing power but typically supports retention as renting remains a more accessible option for many households.
The property was built in 2003, newer than the neighborhood’s average vintage. That positioning can offer a competitive edge versus older local stock, while investors should still plan for mid‑life system updates and selective renovations to enhance leasing velocity and renewal capture.
Demographic statistics within a 3‑mile radius show a broadly stable population and household counts over the last five years, with forecasts pointing to modest population growth and a notable increase in households. A shift toward slightly smaller household sizes suggests incremental renter pool expansion, which can support occupancy stability and steady absorption for well-maintained product.
Safety trends are mixed in context. Within the Fayetteville metro, the neighborhood’s crime positioning is less favorable than many peer neighborhoods; however, compared to neighborhoods nationwide it performs above average. Recent year-over-year data show meaningful declines in both property and violent offenses, indicating an improving trajectory. Investors should underwrite normal operating safeguards and monitor trend continuity at the submarket level.
This 44‑unit, 2003‑vintage asset benefits from a renter base that is sizable for the submarket, with neighborhood occupancy competitive among Fayetteville peers and a renter-occupied share near half of housing units. Amenity access supports daily needs, and near‑term demographic projections within a 3‑mile radius point to modest population growth and a larger household count, reinforcing the depth of the tenant pool and supporting ongoing leasing stability. According to CRE market data from WDSuite, the neighborhood’s rent and income positioning indicates manageable affordability pressure, which can aid retention while suggesting measured, operations‑led rent growth.
Being newer than the neighborhood average vintage, the property should compete well against older stock, with scope for targeted value‑add through common‑area refreshes and system updates typical of early‑2000s construction. Investors should balance this with standard risks: mixed safety comparisons within the metro, limited parks/pharmacy access in the immediate area, and pricing power that is steady but unlikely to outpace higher‑cost metros.
- Competitive neighborhood occupancy and stable renter demand support consistent leasing
- 2003 vintage offers relative competitiveness with upside from targeted renovations
- 3‑mile demographics indicate modest population growth and a larger household base, supporting absorption
- Affordability positioning supports retention; rent growth likely operations‑driven, not speculative
- Risks: mixed metro safety comparisons, limited park/pharmacy access, measured pricing power