| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 39th | Fair |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 903 Applewood Ln, Fayetteville, NC, 28303, US |
| Region / Metro | Fayetteville |
| Year of Construction | 1997 |
| Units | 56 |
| Transaction Date | 2012-12-01 |
| Transaction Price | $2,175,000 |
| Buyer | Applewood Village Apartments, LLC |
| Seller | Dominion Property Investments-II, LLC |
821 Applewood Ln, Fayetteville NC Multifamily Investment
Stabilized renter demand in an inner-suburban pocket with competitive neighborhood occupancy supports consistent operations, according to WDSuite’s CRE market data. The property’s 56 units position it to capture steady leasing from a deep local renter base.
This Inner Suburb neighborhood rates A- and sits competitive among 162 Fayetteville neighborhoods, with convenience-oriented amenities that matter to renters. Grocery access and dining options score in the higher national percentiles, while parks, pharmacies, and cafes are comparatively limited—an operational consideration for resident experience programming.
Neighborhood occupancy trends are around the national midpoint and competitive within the metro, signaling stable renter demand rather than lease-up volatility. The share of housing units that are renter-occupied is high for the area, indicating a deeper tenant pool and generally supportive leasing fundamentals for multifamily operators.
Within a 3-mile radius, demographics point to modest population growth and a slight increase in total households, with household sizes edging lower—factors that broaden the renter base over time and can support occupancy stability. Median contract rents in the neighborhood are mid-market relative to incomes, and a rent-to-income profile near the low-20s percent suggests manageable affordability pressure that can aid retention and renewal strategies.
Schools in the area benchmark below national averages, which may not be a primary driver for the core renter profile but remains relevant for positioning and amenities. The property’s 1997 vintage is newer than the neighborhood’s average construction year, offering an edge versus older stock; investors should still plan for ongoing modernization of systems and finishes to maintain competitiveness.
Safety indicators compare favorably at the national level, with the neighborhood placing above the midpoint nationwide. Recent data also show meaningful year-over-year declines in both violent and property offenses, a constructive trend for tenant retention and leasing. Within the metro context, the area is competitive rather than outlier-low risk, suggesting prudent but not extraordinary security planning.
The local employment base is diversified across defense-related activity, healthcare, retail, and services, supporting workforce housing demand and commute convenience for renters. Specific nearby employer distances were not available for verification in this dataset.
This 56-unit asset, built in 1997, is positioned in a renter-heavy submarket with competitive neighborhood occupancy and mid-market rent levels. Being newer than nearby housing stock provides a relative quality advantage versus older assets, while targeted updates can further differentiate the property without the full capex burden of much older inventory. Based on CRE market data from WDSuite, the surrounding neighborhood shows stable operating fundamentals that support steady absorption rather than episodic lease-up risk.
Within a 3-mile radius, modest population growth and an expanding household count point to renter pool expansion, even as household sizes trend slightly smaller. Elevated grocery and dining access enhance livability, while comparatively lower school ratings and a more accessible ownership market warrant balanced underwriting on rents, renewal probabilities, and capex for competitive positioning.
- Renter-heavy area and competitive neighborhood occupancy support stable leasing and cash flow durability.
- 1997 vintage offers a quality edge versus older stock, with selective modernization for further lift.
- 3-mile demographics show population and household growth, expanding the tenant base over time.
- Amenity mix favors daily needs (grocery/dining), supporting resident satisfaction and retention.
- Risks: lower school ratings and relatively accessible ownership may temper pricing power; underwrite renewals and concessions accordingly.