| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 33rd | Fair |
| Amenities | 9th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 805 Grentton Pl, Browns Summit, NC, 27214, US |
| Region / Metro | Browns Summit |
| Year of Construction | 2010 |
| Units | 20 |
| Transaction Date | 2012-05-01 |
| Transaction Price | $3,170,000 |
| Buyer | TRINITY PROPERTY LLC |
| Seller | CDI PROPERTIES LLC |
805 Grentton Pl, Browns Summit NC Multifamily Investment
Stabilized renter demand in an inner-suburban pocket with improving crime trends positions this 20-unit asset for steady operations, according to WDSuite’s CRE market data.
Located in the Greensboro–High Point metro 4and rated C+ among 245 neighborhoods 4805 Grentton Pl sits in an Inner Suburb with a renter-occupied share near the national high (neighborhood tenure is above the 80th percentile). For investors, that depth of renter households supports a consistent tenant pipeline and underpins occupancy stability.
Occupancy for the neighborhood is around the metro median and has inched up over the past five years, indicating resilient leasing even as supply and demand rebalance. Median contract rents in the area have risen meaningfully over the same period, while a rent-to-income ratio near 0.20 suggests affordability pressure is moderate 4helpful for retention and measured pricing power.
Livability is car-oriented. Caf e9s, restaurants, parks, and pharmacies are limited locally, though grocery access is competitive among Greensboro 1High Point neighborhoods (ranked 81 of 245). School performance averages low (about 1 out of 5 and in the 15th percentile nationally), which may temper demand from family renters and should be factored into leasing strategies.
Within a 3-mile radius, population and household counts have grown over the past five years, with forecasts calling for further gains and rising median incomes. This points to a larger tenant base and sustained multifamily demand. In addition, the property 19s 2010 vintage is newer than the area 19s average stock (circa 2000), offering competitive positioning versus older inventory while still meriting prudent capital planning for mid-life systems. These dynamics align with investor priorities surfaced through WDSuite 19s multifamily property research.
Safety indicators are mixed in context. The neighborhood 19s crime rank sits below the metro median (43 of 245 indicates more reported crime than many Greensboro 1High Point areas), yet it screens slightly better than average nationally (around the 59th percentile for safety). Year over year, both property and violent offense rates have declined substantially, signaling improving conditions that can support leasing and retention if trends persist.
Investors should underwrite to the current neighborhood context while recognizing the downward trajectory in incident rates. Monitoring local enforcement, community programs, and continued trend improvement can help manage risk and inform security and operating budgets.
Proximity to major employers supports workforce housing demand and commute convenience, with a concentration in apparel, diagnostics, banking, and consumer goods. The following anchor employers help sustain a broad renter base across office and operations roles.
- VF 1 apparel (1.8 miles) 1 HQ
- Laboratory Corp. of America 1 diagnostics (19.3 miles) 1 HQ
- Reynolds American 1 consumer goods (26.3 miles) 1 HQ
- BB&T Corp. 1 banking (26.4 miles) 1 HQ
- Hanesbrands 1 apparel (27.4 miles) 1 HQ
805 Grentton Pl offers a 2010-vintage, 20-unit footprint with spacious layouts (average unit size near 955 sq. ft.), positioned in a renter-heavy inner-suburban neighborhood. Occupancy performance is around the metro median with modest improvement, while tenure patterns locally and within a 3-mile radius indicate a durable tenant base and ongoing renter pool expansion. According to CRE market data from WDSuite, rent levels have advanced alongside incomes, keeping the rent burden near 20% and supporting retention with measured pricing ability.
The property 19s newer vintage provides a competitive edge versus older stock in the submarket, though mid-life systems may warrant targeted upgrades over the hold. Limited nearby amenities and below-average school ratings present leasing considerations, but access to diversified employers across Greensboro 1High Point and improving safety trends help balance risk.
- 2010 vintage and larger average unit sizes enhance competitive positioning versus older neighborhood inventory.
- Renter-occupied concentration locally and 3-mile population/household growth support a deeper tenant base and occupancy stability.
- Rent-to-income near 20% indicates moderate affordability pressure, aiding retention with scope for disciplined rent management.
- Diversified nearby employers underpin workforce demand and commute convenience.
- Risks: limited neighborhood amenities and low school ratings; mixed but improving safety relative to the metro; plan for mid-life capital items.