| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 33rd | Fair |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 604 Tilghman Dr, Dunn, NC, 28334, US |
| Region / Metro | Dunn |
| Year of Construction | 1984 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
604 Tilghman Dr, Dunn NC Multifamily Opportunity
Neighborhood renter concentration and moderate rent levels point to durable leasing potential, according to WDSuite’s CRE market data, with positioning that favors steady absorption over volatility.
The property sits in a suburban pocket of the Fayetteville, NC metro that is competitive among Fayetteville neighborhoods (ranked 48 of 162; B+ neighborhood rating) based on WDSuite’s CRE market data. Neighborhood occupancy is reported at the area level and has held in a mid-80s range, suggesting generally stable leasing conditions rather than rapid churn.
Renter-occupied housing makes up a meaningful share of units locally (neighborhood renter concentration ranks high nationally), which supports a durable tenant base for multifamily operators. Median contract rents in the neighborhood benchmark below national norms, helping preserve demand depth, while the rent-to-income position trends around the national middle — a profile that can aid retention and reduce excessive turnover risk when managed actively.
Livability features are adequate for workforce households: grocery, parks, pharmacies, and restaurants cluster around the mid-60s national percentiles, while cafes sit higher. These amenity levels are sufficient to support daily needs and local spend without implying premium urban pricing power.
Within a 3-mile radius, population has contracted in recent years while household sizes edged lower. Even so, WDSuite’s neighborhood data indicates households are projected to grow modestly over the next five years, pointing to a slightly larger tenant base despite slower population growth — a pattern that can support occupancy stability for well-positioned assets.
Home values in this part of Harnett County remain relatively accessible versus many U.S. neighborhoods, which can introduce some competition from ownership. For multifamily owners, that means pricing discipline and amenity upgrades matter for lease retention; however, accessible ownership costs also limit sudden affordability pressure on renters, supporting steady renewal behavior.
Safety signals are mixed when viewed locally versus nationally. Compared with the Fayetteville metro, the neighborhood ranks 15th out of 162 on reported crime rates, which indicates it sits on the higher-crime side of the metro. Nationally, however, WDSuite’s indicators place the area in stronger relative standing, with property and violent offense measures in high national percentiles, suggesting comparatively safer conditions versus many U.S. neighborhoods.
Recent trends are directionally favorable: estimated violent and property offense rates have moved lower year over year. For investors, the takeaway is to underwrite with standard operating vigilance (lighting, access control, and community standards) while recognizing that broader trendlines have been improving.
Regional employment anchors within commuting range — including Erie Insurance Group, MetLife, John Deere’s Morrisville Training Center, and AmerisourceBergen — help sustain renter demand through diversified white-collar and industrial services roles.
- Erie Insurance Group — insurance (31.1 miles)
- MetLife Auto & Home Craig Conley LUTCF — insurance (32.1 miles)
- MetLife — insurance (37.1 miles)
- John Deere Morrisville Training Center — equipment manufacturing training (38.1 miles)
- Amerisource Bergen — pharmaceutical distribution (38.7 miles)
This 40-unit asset benefits from a renter-driven neighborhood, moderate local rents, and amenity coverage that supports everyday needs. Built in 1984, it is newer than the neighborhood’s average housing stock, which can offer a competitive edge versus older properties while still warranting targeted system updates and selective renovations to optimize NOI. According to CRE market data from WDSuite, the neighborhood’s occupancy and renter concentration support steady leasing dynamics, and forecast household growth within a 3-mile radius points to a gradually expanding tenant base despite slower population growth.
Underwriting should account for two counterweights: homeownership remains relatively accessible in this submarket, and the neighborhood’s crime positioning ranks less favorably within the metro even as national comparisons and recent trendlines look stronger. Operators who pair measured capex with disciplined leasing and resident services can position the asset for durable performance.
- Renter-driven neighborhood with moderate rents supports stable absorption and renewals
- 1984 vintage is newer than local average, offering competitive positioning with targeted upgrades
- Amenity coverage (grocers, parks, pharmacies) aligns with workforce housing demand drivers
- Directionally improving safety trendlines and high national percentiles provide risk context
- Key risks: relatively accessible homeownership options and higher crime ranking within the metro