| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Best |
| Demographics | 19th | Fair |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3650 Meadow View Rd, Lumberton, NC, 28358, US |
| Region / Metro | Lumberton |
| Year of Construction | 1989 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3650 Meadow View Rd, Lumberton Multifamily Investment
Neighborhood renter-occupied concentration is high and daily-needs retail is nearby, suggesting a durable tenant base according to WDSuite’s CRE market data. Occupancy trends in the area are softer than the metro median, so returns will hinge on disciplined leasing and retention.
This Inner Suburb location offers everyday convenience: grocery, pharmacy, and park access rank competitively among 70 metro neighborhoods, while cafe density is limited. That mix supports workforce housing demand more than lifestyle-driven traffic, which can aid day-to-day leasing consistency.
Neighborhood occupancy (not the property) is 85.8% and has eased over the last five years, placing it below the metro median. For investors, this points to the importance of proactive leasing strategy and turn management to maintain cash flow resilience through cycles.
Renter-occupied share is elevated (96th percentile nationally), indicating a deep tenant pool and sustained multifamily relevance. Median home values are comparatively accessible versus national norms, which can introduce some competition from ownership; pricing and amenity positioning will matter for lease retention.
Within a 3-mile radius, population has edged down recently while the number of households has grown and average household size has declined. This shift typically expands the renter pool for smaller formats and supports occupancy stability. Forward-looking data from WDSuite suggests household counts continue to inch higher with a modest rise in renter share, reinforcing steady demand even as overall population trends remain mixed.
The 1989 vintage is slightly older than the neighborhood average year built, pointing to value-add potential through targeted interior updates and systems modernization, as well as routine capital planning to protect NOI versus newer competitive stock.
Comparable neighborhood-level crime metrics are not available in WDSuite for this area. Investors typically benchmark safety using city and county trend reports and police blotter summaries to assess relative conditions and any multi-year improvement or deterioration.
Given the absence of a metro rank or national percentile for this neighborhood, a prudent approach is to review broader Lumberton and Robeson County trends and align on-site measures (lighting, access control, and visibility) with insurer and lender expectations.
This 24-unit asset built in 1989 sits in a renter-heavy Inner Suburb pocket with strong access to daily-needs retail. The neighborhood’s occupancy is below the metro median, but renter concentration is high and household formation within 3 miles has increased despite softer population trends—factors that can support a consistent leasing funnel and stabilize turnover with attentive management. According to CRE market data from WDSuite, ownership costs in the area are comparatively accessible, suggesting moderate pricing power and the need for clear value positioning against entry-level ownership options.
Vintage provides a straightforward value-add path via interior refreshes and operational upgrades to defend NOI against newer comparables. With rent-to-income levels indicating some affordability pressure, disciplined renewal strategies and targeted amenity spend should focus on retention and steady occupancy rather than outsized growth assumptions.
- Renter-heavy neighborhood supports a deep tenant base and steady demand.
- 1989 vintage offers practical value-add through unit refresh and systems updates.
- Daily-needs amenities nearby aid leasing consistency and retention.
- Manage to below-metro neighborhood occupancy and affordability pressures; underwriting should emphasize retention and turn efficiency.