| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 63rd | Good |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 700 Magnolia Dr, Aberdeen, NC, 28315, US |
| Region / Metro | Aberdeen |
| Year of Construction | 1976 |
| Units | 51 |
| Transaction Date | 2012-02-06 |
| Transaction Price | $918,000 |
| Buyer | WOODLAWN HOUSING LIMITED PARTNERSHIP |
| Seller | SANDHILLS HOUSING ASSOCIATES |
700 Magnolia Dr Aberdeen NC Multifamily Investment
Neighborhood fundamentals point to steady renter demand and above-median occupancy for the area, according to WDSuite’s CRE market data. This asset’s submarket positioning favors durable leasing, with metrics referenced at the neighborhood level rather than the property.
Located in Aberdeen within the Pinehurst–Southern Pines, NC metro, the neighborhood rates A+ and is competitive among 39 metro neighborhoods by overall rank. Amenity access is a relative strength, with restaurants, groceries, parks, pharmacies, cafes, and childcare ranking competitive among Pinehurst–Southern Pines neighborhoods and landing in the top quartile nationally for several categories—supportive of resident convenience and leasing appeal.
Neighborhood occupancy is above the metro median (rank 14 of 39), signaling demand resilience at the area level rather than the property. The renter-occupied share of housing units is also strong relative to metro peers (rank 1 of 39), indicating a deep tenant base for multifamily operators and supporting ongoing leasing velocity and renewal potential.
Within a 3-mile radius, WDSuite shows population growth in recent years alongside an increase in households, with projections through 2028 indicating further household expansion and a smaller average household size—both consistent with a larger renter pool and support for occupancy stability. Median home values in the neighborhood are elevated relative to incomes (high national percentile for value-to-income), which tends to sustain reliance on multifamily rentals and can aid lease retention. At the same time, a rent-to-income ratio near the middle nationally suggests manageable affordability pressure, an operational plus for renewals.
The property’s 1976 vintage is older than the neighborhood’s average construction year (1994), which points to potential value-add upside via interior updates and building systems modernization, balanced with capital expenditure planning. Average school ratings are above the national median, which may support family-oriented demand, though not a distinct differentiator. Taken together, these factors align with an analytically grounded commercial real estate analysis focus on durable demand drivers and operational levers.
Safety indicators sit around the national middle overall, with the neighborhood’s crime rank positioned near the center of 39 metro neighborhoods. Recent WDSuite data also shows year-over-year improvements in both property and violent offense rates, signaling a constructive trend. Nationally, the neighborhood reads closer to median levels, with trend momentum improving rather than deteriorating.
For investors, the key takeaway is directional: safety metrics are not top-tier but have improved on a year-over-year basis, which can support resident retention and leasing stability if the trend persists. As always, property-level measures and professional management practices remain important complements to neighborhood-level conditions.
This 51-unit asset at 700 Magnolia Dr sits in a neighborhood that ranks competitively within the Pinehurst–Southern Pines metro and benefits from amenity depth that supports renter convenience. Neighborhood occupancy is above the metro median, and the renter-occupied share is strong relative to peers—both indicators of a durable tenant base at the neighborhood level. Elevated home values relative to incomes reinforce reliance on multifamily rentals, while a mid-range rent-to-income ratio supports renewal prospects. According to CRE market data from WDSuite, 3-mile demographics point to ongoing population and household growth, translating to a larger renter pool and support for occupancy stability over the medium term.
Built in 1976, the property is older than the area’s average vintage, creating a clear value-add path through unit and common-area upgrades alongside targeted systems work. Investors should also weigh near-term pricing power carefully, as neighborhood-level data signal modest school performance and potential rent normalization in forecasts, making asset selection, renovation scope, and management execution key to outcomes.
- Competitive neighborhood rank and amenity depth support leasing appeal
- Above-median neighborhood occupancy and strong renter concentration indicate a deep tenant base
- 3-mile population and household growth expand the renter pool and support stability
- Elevated ownership costs sustain multifamily demand, aiding retention and pricing discipline
- Risks: older 1976 vintage requires capex planning; school ratings are modest; rent growth may normalize