| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 47th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1022 Fir Pl, Greensboro, NC, 27407, US |
| Region / Metro | Greensboro |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1022 Fir Pl Greensboro 30-Unit Multifamily Investment
Stable renter demand and a deep tenant base in an inner-suburban location, according to WDSuite’s CRE market data, position this asset for durable cash flow with measured value-add potential.
Located in Greensboro’s inner suburbs (B+ neighborhood rating), the area offers everyday convenience with competitive access to groceries and dining. Grocery density ranks 38th among 245 Greensboro–High Point neighborhoods, and restaurants rank 55th, indicating solid amenity coverage relative to the metro; cafes are a particular strength, ranking 18th of 245 and performing above most neighborhoods nationally.
For multifamily investors, tenant depth is a notable feature: the neighborhood shows a very high share of renter-occupied housing units (ranked 1st of 245 metro neighborhoods), supporting leasing velocity and renewal opportunities. Neighborhood occupancy is around the low-90% range, suggesting a stable baseline for rent rolls with room to optimize operations through targeted management.
Construction year average in the neighborhood is 1981, while the subject property was built in 1988. The slightly newer vintage improves competitive positioning versus older stock nearby, though investors should still plan for modernization of aging systems or common areas to enhance retention and achieve premium positioning.
Within a 3-mile radius, demographics point to steady population growth and a larger tenant base over the next five years, with households projected to increase meaningfully by 2028. The current renter share near 54% and rising household incomes indicate sustained multifamily demand, while rents have been trending upward — dynamics that can support occupancy stability and measured pricing power when paired with disciplined lease management.
Amenity gaps to note: limited park, pharmacy, and childcare counts within the immediate neighborhood suggest residents may travel a bit farther for those needs. Investors should weigh these factors against the strengths in daily retail access and the location’s proximity to major employment centers.
Safety indicators for the neighborhood are mixed but trending in a positive direction. Overall crime levels track near national averages, according to WDSuite’s data. Violent and property offense metrics sit below national percentiles that investors typically prefer, yet both categories show year-over-year improvement, with stronger momentum in property crime reductions. These trends suggest risk management remains important, but conditions have been moderating rather than deteriorating.
Compared with other Greensboro–High Point neighborhoods, the area is competitive on some measures and middle-of-the-pack on others. Operators can support resident satisfaction and retention with visible property-level security practices, lighting, and community engagement, aligning on-site measures with the improving trendline indicated by recent data.
Proximity to several headquarters-scale employers supports renter demand and commute convenience for a diverse workforce, including apparel, tobacco, banking, life sciences, and consumer goods — all within practical driving distance of the property.
- VF — apparel HQ (5.7 miles) — HQ
- Reynolds American — tobacco HQ (21.6 miles) — HQ
- BB&T Corp. — banking HQ (21.7 miles) — HQ
- Laboratory Corp. of America — life sciences HQ (23.8 miles) — HQ
- Hanesbrands — consumer goods HQ (24.4 miles) — HQ
This 30-unit, 1988-vintage asset benefits from a high renter concentration in an inner-suburban Greensboro neighborhood, translating to a deep tenant base and resilient leasing. Neighborhood occupancy sits around the low-90% range, while grocery and dining access are competitive within the metro, reinforcing daily livability for residents. The vintage should compete well versus older nearby stock, with clear upside from targeted system updates and common-area improvements.
Within a 3-mile radius, population and households are projected to grow through 2028, pointing to a larger renter pool and support for occupancy stability. Rents have been trending upward in step with income gains, which can sustain pricing power when paired with disciplined operations. According to commercial real estate analysis from WDSuite, these fundamentals align with steady, income-focused execution, with risk considerations concentrated in amenity gaps (parks/pharmacies/childcare) and safety metrics that, while improving, still warrant active management.
- High renter concentration and stable neighborhood occupancy support leasing durability
- 1988 vintage offers competitive position versus older stock with value-add potential
- 3-mile radius shows population and household growth, expanding the renter pool by 2028
- Competitive grocery and dining access enhance livability and retention
- Risks: limited nearby parks/pharmacies/childcare and safety metrics that require proactive on-site management