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32-Unit Apartment Portfolio
For Sale
$2,900,000
Pending

817 Ridge Rd, Fayetteville, NC 28311

Eight quadplexes offer a mix of single- and two-story two-bedroom apartments with private outdoor space in select units.

Property SizeContact for details
Days on Market66

Property Features for 817 Ridge Rd

General Information

Standard status Pending
Property subtype Multi-Family

Units

Unit Mix 8 x 2BR/1.5BA, 24 x 2BR/1BA
Multifamily Units 32

Additional Details

Highway Access Yes

Amenities

balcony or patio

Building Details

Year Built 1974
Buildings 8
Construction brick
Listing Agency: ALOTTA PROPERTIES REAL ESTATE
Listed By: GIL JACOBS · License #274958
Source: Fayettevillehomesource
Added: Jun 26 Changed: Aug 28 Last Checked: Aug 29 at 10:27AM

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 ALOTTA PROPERTIES REAL ESTATE

Investment Insights

Based on property information with market context.

This apartment portfolio comprises 32 units arranged across eight quadplex buildings, with every unit configured as a two-bedroom residence. Eight apartments include a living area, kitchen and dining combination, one-and-a-half baths, and a balcony or patio. The other 24 units use a two-level layout with living and kitchen-dining areas downstairs and both bedrooms plus one bath upstairs. Most interiors have received flooring, paint, kitchen, and bathroom updates, while exterior improvements include brick construction and refreshed door, shutter, and wrought-iron finishes. Roof replacement occurred approximately 8 years ago, and septic pump station repairs and upgrades were completed in 2025. A separate storage building contains 8 rentable units, and parking is provided for the apartment community.

The property is located at 817 Ridge Rd in Fayetteville, with access to retail, restaurants, and Fort Bragg. Proximity to 295 connects the complex with broader Fayetteville-area routes.

Key Highlights

  • 32 units across 8 quadplexes, with all apartments offering 2 bedrooms
  • Unit mix includes 8 apartments with 1.5 baths and 24 two‑level apartments with 1 bath
  • Separate storage building includes 8 rentable units

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

99
Businesses Nearby

Demographics for 28311, NC

36,302
Population
16,275
Households
2.2
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
995
Density / Sq Mi
$60,033
Median Household Income
$38,469
Median Earnings
$1,122
Median Rent
$195,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight quadplexes offer a mix of single- and two-story two-bedroom apartments with private outdoor space in select units.
Where is this apartment building located?
The property is located at 817 Ridge Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 32 units across 8 quadplexes, with all apartments offering 2 bedrooms; Unit mix includes 8 apartments with 1.5 baths and 24 two‑level apartments with 1 bath; Separate storage building includes 8 rentable units
More about this property
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