| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Best |
| Demographics | 37th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1185 N Roberts Ave, Lumberton, NC, 28358, US |
| Region / Metro | Lumberton |
| Year of Construction | 1982 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1185 N Roberts Ave Lumberton Multifamily Opportunity
Neighborhood renter demand and occupancy near the high-80s suggest steady leasing fundamentals, according to WDSuite s CRE market data, with pricing supported by manageable rent-to-income levels.
Located in Lumberton s inner-suburban fabric, the neighborhood ranks 3rd of 70 metro neighborhoods (top quartile) on WDSuite s overall rating. For investors, this translates to competitive positioning within the metro and a tenant base that supports ongoing leasing activity.
Daily-needs access is a relative strength: grocery and pharmacy density rank at or near the top among 70 metro neighborhoods, while restaurants are also well-represented. Caf e9s and parks are limited, which may modestly temper lifestyle appeal but does not materially detract from workforce-oriented renter demand.
Occupancy across the neighborhood is approximately 88%, down slightly over five years, indicating generally stable operations with some room for asset-level differentiation through management and unit updates. Renter-occupied housing units account for roughly 45% locally (a high national percentile), pointing to a meaningful renter concentration and depth of tenant demand for multifamily.
Within a 3-mile radius, population has edged down over five years while the number of households has inched higher, implying smaller household sizes and a steady or expanding renter pool in relative terms. Median contract rents in the area sit at the lower end for the region and the rent-to-income ratio is around 0.22, which can support retention and lease stability. Median home values are comparatively low for the region; this more accessible ownership landscape can introduce some competition with for-sale options, but also helps sustain achievable rents for value-oriented product.
Safety signals are mixed and should be viewed comparatively. Within the Lumberton metro, the neighborhood ranks near the higher-crime end (ranked 3rd out of 70), indicating above-average local incident levels. Nationally, however, selected metrics fall into higher safety percentiles, with property offenses in a very high national percentile and violent offenses also in a high percentile compared with neighborhoods nationwide. One-year trends are divergent, with property incidents showing a sharp estimated decrease while violent incidents increased; investors should underwrite to current conditions and emphasize property-level security measures and partnerships with local public safety initiatives.
Built in 1982, this 64-unit asset offers the potential to refresh interiors and common areas to improve positioning against older stock while planning for capex on aging systems. Neighborhood fundamentals are supportive: renter concentration is substantial, occupancy is in the high-80s with modest slippage over time, and area rents remain comparatively affordable factors that can aid tenant retention and leasing velocity. According to CRE market data from WDSuite, daily-needs amenities are strong (notably grocery, pharmacy, and restaurants), reinforcing convenience for workforce households.
Demand context is nuanced. Within a 3-mile radius, population is down modestly, but households have increased and are projected to edge higher, implying a relatively resilient renter pool even as demographic mix shifts. Low home values in the area suggest some competition from ownership, yet the rent-to-income backdrop and achievable rents support a stable occupancy outlook for well-managed, value-oriented multifamily. Prudent underwriting should account for local safety dynamics and targeted capital plans to modernize systems and elevate curb appeal.
- 1982 vintage: value-add potential via interior updates and system modernization
- Renter depth and neighborhood occupancy in the high-80s support leasing stability
- Strong daily-needs access (grocery, pharmacy, restaurants) supports workforce livability
- Households rising within 3 miles despite population softness indicates a resilient renter pool
- Risks: metro-relative crime positioning, modest occupancy slippage, and competition from for-sale housing