| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 25th | Poor |
| Demographics | 3rd | Poor |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 406 Sinclair St, Lumberton, NC, 28358, US |
| Region / Metro | Lumberton |
| Year of Construction | 1974 |
| Units | 111 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
406 Sinclair St, Lumberton NC Multifamily Investment
Neighborhood renter concentration near half of housing units suggests a durable tenant base, while occupancy trends run softer than metro norms, according to WDSuites CRE market data.
Located in a suburban pocket of Lumberton, the area around 406 Sinclair St offers everyday conveniences with select strengths that matter for multifamily demand. Grocery access places the neighborhood competitive among Lumberton neighborhoods (ranked 8 out of 70 in the metro), and park access trends in the top quartile nationally, while cafes and pharmacies are relatively sparse. For investors, this mix points to basic amenity coverage that supports day-to-day livability without commanding urban premiums.
The property s 1974 vintage is newer than the neighborhood s average construction year (1963). That positioning can support competitive standing versus older stock, while still warranting targeted capital planning for aging systems and selective renovations to drive rent premiums and retention.
Tenure patterns indicate a high share of renter-occupied housing at the neighborhood level (ranked 5 of 70; 87th percentile nationally). For investors, this signals depth in the local tenant pool and supports leasing velocity, even as the neighborhood s occupancy rate has trailed broader benchmarks in recent years.
Within a 3-mile radius, demographics show population contracting over the last five years, while household counts have been comparatively more resilient and are projected to edge higher by 2028. This combination typically reflects smaller household sizes and can translate into steady renter pool expansion even amid slower population growth a dynamic that can help stabilize occupancy for appropriately priced assets.
Home values are comparatively low for the region, and rent-to-income ratios in the neighborhood read as manageable. In investor terms, the ownership market s accessibility can create some competition for entry-level renters, but it also supports retention when operators maintain value-oriented positioning and strong resident services.
Safety indicators are mixed. Compared with other Lumberton neighborhoods, the area ranks below the metro average on safety (crime rank 6 out of 70 indicates comparatively higher incident rates locally). Nationally, overall safety sits around the mid-range percentiles, suggesting conditions that warrant operational attention but are not outliers versus many workforce submarkets.
For underwriting and asset management, prudent measures such as lighting, access control, and community engagement can help support resident experience and retention. Monitoring trend direction is advisable as metro conditions evolve.
This 111-unit, 1974-vintage asset targets a durable renter base in a suburban Lumberton location with essential amenities and strong renter concentration. While neighborhood occupancy has run softer than metro norms, the local tenure profile and steady everyday services support a consistent leasing funnel. According to CRE market data from WDSuite, neighborhood rent levels relative to incomes suggest room to compete on value while maintaining resident retention strategies.
The vintage relative to the area s older housing stock positions the property for value-add upgrades that can enhance competitiveness. Demographic patterns within a 3-mile radius point to modest near-term household growth despite population contraction, which can sustain a workable tenant pipeline. Operators should balance value-oriented pricing with targeted capital improvements and active safety management.
- High renter concentration supports tenant depth and leasing stability
- 1974 vintage offers value-add and systems modernization opportunities versus older local stock
- Amenity mix (grocery, parks) supports livability without urban cost structure
- Manageable rent-to-income positioning can aid retention with disciplined lease management
- Risks: softer neighborhood occupancy, safety considerations, and potential competition from accessible ownership options