Renovated Apartment
For Sale
Contact for pricing
Pending
412 Oakridge Ave, Fayetteville, NC 28305
45-unit apartment community features extensive renovations, in-unit laundry hookups, and updated outdoor amenities.
Property SizeContact for details
Days on Market296
Property Features for 412 Oakridge Ave
General Information
Standard status
Pending
Class
B
Property subtype
Multifamily
Zoning
R5A
Occupancy
92%
Investment Type
Value Add
Additional Details
Multifamily Units
45
Building Details
Year Built
1972
Year Renovated
2024
Buildings
3
Stories
2
Units
45
Listing Agency:
Greysteel
Listed By:
John Manning · License #NC 287486
Source:
Crexi
Added: Nov 13, 2025
Changed: Sep 1
Last Checked: Sep 5 at 1:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greysteel
Investment Insights
Based on property information with market context.
Oakridge Apartments is a 45-unit residential community built in 1975, comprised of two-story, all-brick buildings with covered stairs and walkways. The unit mix includes 44 one-bedroom, one-bathroom units and a single two-bedroom, one-bathroom unit. To date, 42 of the 45 units have been fully renovated at a reported high level. Each unit includes in-unit laundry with washer and dryer hookups, and tenants have their own electric meters, with water being sub metered.
Outdoor amenities have been updated, with the original pool replaced by a new stamped concrete patio and outdoor lounge area. A former tennis court at the rear has been converted into a dog park. The parcel’s zoning is stated to support the possibility of building an additional apartment building.
An additional interior space of approximately 15 by 20 feet, previously used as a leasing office, is also included and could be converted into a gym or community room. A 4.29% Freddie Mac assumable loan is in place.
Outdoor amenities have been updated, with the original pool replaced by a new stamped concrete patio and outdoor lounge area. A former tennis court at the rear has been converted into a dog park. The parcel’s zoning is stated to support the possibility of building an additional apartment building.
An additional interior space of approximately 15 by 20 feet, previously used as a leasing office, is also included and could be converted into a gym or community room. A 4.29% Freddie Mac assumable loan is in place.
Key Highlights
- 45‑unit apartment community (44 1BR/1BA, 1 2BR/1BA) built in 1972; two‑story, all‑brick buildings
- 42 of 45 units fully renovated to date; average renovation cost reported as $12,000 per unit
- In‑unit laundry with washer/dryer hookups in each unit; tenants have separate electric meters and water is sub metered
Property Analytics
Property Profile
Current Use
Lease Details
45
Residential units
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Explore this area
Business Placement
Demographics for 28305, NC
5,844
Population
3,497
Households
1.7
Avg Household Size
44
Median Age
50%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
2,248
Density / Sq Mi
$70,612
Median Household Income
$55,247
Median Earnings
$1,029
Median Rent
$242,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 45-unit apartment community features extensive renovations, in-unit laundry hookups, and updated outdoor amenities.
Where is this apartment building located?
The property is located at 412 Oakridge Ave Fayetteville, NC.
What are key features of this property?
This property features: 45‑unit apartment community (44 1BR/1BA, 1 2BR/1BA) built in 1972; two‑story, all‑brick buildings; 42 of 45 units fully renovated to date; average renovation cost reported as $12,000 per unit; In‑unit laundry with washer/dryer hookups in each unit; tenants have separate electric meters and water is sub metered
