| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Best |
| Demographics | 38th | Best |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 990 Wesley Pines Rd, Lumberton, NC, 28358, US |
| Region / Metro | Lumberton |
| Year of Construction | 2003 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
990 Wesley Pines Rd Lumberton Multifamily Investment
Neighborhood occupancy trends are above the metro median, supporting steady renter demand and lease stability, according to WDSuite’s CRE market data. This commercial real estate analysis points to durable workforce housing fundamentals with room to compete on value in Lumberton.
Lumberton’s neighborhood surrounding 990 Wesley Pines Rd is rated A+ and is the top-ranked area among 70 metro neighborhoods, signaling strong local fundamentals for multifamily. Occupancy in the neighborhood tracks above the metro median and sits slightly above national mid-range levels, which supports underwriting for stable cash flow rather than heavy lease-up risk.
Livability is practical: grocery and pharmacy access is competitive among local neighborhoods while restaurants and cafés are present at moderate density. Park access is limited, a tradeoff investors should weigh against the convenience retail mix. Average school ratings in the neighborhood are lower, so tenant profiles may skew more toward workforce renters rather than families prioritizing top-tier schools.
The property’s 2003 vintage is newer than the neighborhood’s average construction year of 1991. That positioning typically offers a competitive edge on curb appeal and systems relative to older stock, though two-decade-old assets may still benefit from targeted modernization to sustain rents and retention.
Within a 3-mile radius, demographics show a modest population contraction over the past five years alongside an increase in total households and smaller average household size. This dynamic generally expands the renter pool and supports occupancy stability. Median household incomes have been rising and are projected to continue growing, while rent levels are also projected to increase; together, these trends indicate capacity for measured rent growth with standard lease management, not outsized premiums.
Tenure signals are balanced within a 3-mile radius, with renter-occupied share near parity with owners today and projected to tilt slightly more renter-heavy over the next five years. For investors, that points to a sizeable tenant base and ongoing demand for multifamily units, with pricing power most defensible at attainable rent tiers.
Safety indicators are mixed. Compared with neighborhoods nationwide, several measures place the area above the national median for safety, but trends differ by offense type. Property-related incidents show a pronounced year-over-year decline, while violent-offense metrics have been more volatile with recent increases. Interpreting neighborhood risk at the property level should rely on current, block-agnostic trends and professional diligence rather than isolated datapoints.
At the metro level, comparative standing suggests the area is competitive among Lumberton neighborhoods, yet investors should incorporate prudent measures such as lighting, access control, and partnership with local patrols to support resident retention and operational continuity.
Built in 2003, this 24-unit asset sits in Lumberton’s top-ranked neighborhood and benefits from occupancy levels that are above the metro median, according to CRE market data from WDSuite. The location provides practical access to daily-needs retail, and demographic patterns within a 3-mile radius indicate a larger renter pool as households rise and average household size contracts. Together, these factors support steady absorption and predictable renewal potential at attainable rent tiers.
Relative to older local stock (average 1991), the property’s vintage offers competitive positioning with selective value-add potential—targeted interior refreshes and common-area updates can help sustain pricing while keeping capital plans disciplined for an asset now beyond its first two decades of operations. Forward-looking income growth and projected rent increases point to measured upside, while limited park amenities and uneven school ratings suggest the strongest demand will come from workforce segments.
- Top-ranked neighborhood in the metro supports leasing depth and renter demand
- Occupancy trends above metro median underpin cash-flow stability
- 2003 vintage vs. older local stock creates competitive edge with targeted value-add
- 3-mile demographics show growing households and an expanding renter pool
- Risks: limited parks, lower school ratings, and mixed safety trends require pragmatic operations