| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Good |
| Demographics | 27th | Good |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Pine St, Pembroke, NC, 28372, US |
| Region / Metro | Pembroke |
| Year of Construction | 1997 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
801 Pine St, Pembroke NC 1997 Multifamily
Situated in a rural submarket with modest rents and a stable tenant base outlook, this 28-unit 1997 asset aligns with workforce housing demand, according to WDSuite’s CRE market data. Neighborhood-level occupancy trends and projected renter growth suggest manageable lease-up risk with disciplined operations.
The property sits in a Rural neighborhood of the Lumberton, NC metro with an A- neighborhood rating and a neighborhood rank of 15 out of 70, which is competitive among Lumberton neighborhoods. Amenity density is limited (few cafes, groceries, and parks), so residents are likely car-dependent; investors should underwrite for convenience-driven tenant expectations rather than walkable urban retail.
At the neighborhood level, median contract rents are modest relative to national levels, and the rent-to-income ratio indicates manageable affordability pressure for many renters. Neighborhood occupancy is reported at 87.9% (neighborhood-level metric), which sits below the national median but supports steady operations when paired with prudent leasing and renewal strategies.
Within a 3-mile radius, renter-occupied housing accounts for roughly 40% of units today, and WDSuite projections indicate an increase in households by 2028 alongside a higher renter share. This points to a larger tenant base and potential support for occupancy stability, especially for well-managed, functional product at attainable price points.
The average construction year in the neighborhood is 1990, and this property’s 1997 vintage is newer than the local average, offering competitive positioning versus older stock. Schools in the area trend below national medians (average rating around 2.0/5), which may temper premium family demand but is consistent with workforce-oriented leasing profiles in similar rural North Carolina markets.
WDSuite does not report neighborhood-specific crime ranks for this location in the current release. Investors commonly contextualize safety by comparing multi-year, neighborhood-level trend lines to metro and county benchmarks and by reviewing publicly available law enforcement data. Property-level measures (lighting, access control, and resident engagement) can also influence perceived safety and retention.
This 1997, 28-unit asset offers attainable workforce housing exposure in a rural North Carolina submarket where neighborhood-level rents remain modest and rent-to-income ratios are manageable. Its vintage is newer than the area’s average stock, which can aid leasing against older comparables while leaving room for targeted system upgrades or light value-add to enhance durability and retention.
According to CRE market data from WDSuite, neighborhood occupancy is below national medians but remains serviceable when matched with disciplined leasing. Within a 3-mile radius, projections show an increase in households and a higher renter share by 2028, signaling renter pool expansion that can support occupancy stability. Low home values in the broader area imply more accessible ownership, so underwriting should account for potential competition with entry-level for-sale options and emphasize operational execution.
- 1997 vintage newer than neighborhood average, supporting competitive positioning versus older stock
- Modest rents and manageable rent-to-income ratios support renewal potential and pricing flexibility
- 3-mile projections point to more households and a higher renter share, expanding the tenant base
- Rural setting with limited amenities favors convenience-focused operations and cost control
- Risk: below-national neighborhood occupancy and more accessible ownership require disciplined leasing and competitive unit finishes