| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 47th | Good |
| Amenities | 37th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1041 W Barton St, Greensboro, NC, 27407, US |
| Region / Metro | Greensboro |
| Year of Construction | 2006 |
| Units | 20 |
| Transaction Date | 2008-09-29 |
| Transaction Price | $1,028,000 |
| Buyer | SHEPHERD MANAGEMENT LLC |
| Seller | WENDOVER ENTERPRISES LLC |
1041 W Barton St Greensboro Multifamily, 2006 Build
Renter demand is supported by steady neighborhood occupancy and a growing 3-mile household base, according to WDSuite’s CRE market data. Positioning is suited for durable leasing with balanced affordability rather than outsized rent spikes.
Located in Greensboro’s inner suburb fabric, the property benefits from neighborhood fundamentals that sit near metro medians while drawing from a wider 3-mile renter base. Cafes and groceries index in the top quartile nationally, while parks and pharmacies are relatively sparse — a mix that supports daily needs but offers limited green-space convenience.
Neighborhood occupancy is around the national midpoint, which can support stable operations with attentive leasing and renewal management (based on CRE market data from WDSuite). Within a 3-mile radius, approximately 55.7% of housing units are renter-occupied, indicating a sizable tenant base that underpins demand depth rather than one-off lease-ups.
Demographics within 3 miles point to gradual population growth over the past five years with further gains forecast, plus a 3-mile household increase that enlarges the potential renter pool. Average household size is edging lower, which typically adds households even when population growth is modest — a tailwind for sustained absorption of multifamily units.
The property’s 2006 construction is newer than the area’s average 1981 vintage, offering relative competitiveness versus older stock. Investors should still plan for mid-life systems updates and selective common-area refreshes to support retention. Rent-to-income in the neighborhood reads as moderate, suggesting manageable affordability pressure that supports pricing decisions without overreliance on aggressive rent steps.
Safety indicators are mixed in context. Overall crime tracks near the national midpoint (49th percentile), while violent incident rates sit below national norms (15th percentile) compared with neighborhoods nationwide. Within the Greensboro-High Point metro, the area’s crime profile ranks 91st out of 245 neighborhoods, placing it in a competitive middle cohort rather than an outlier at either extreme.
Trend signals are constructive: estimated property offense rates declined by roughly half year over year, placing the neighborhood among stronger improvers nationally. For investors, this sets expectations for prudent onsite management and lighting/security practices while recognizing recent directional improvement rather than assuming uniform block-level outcomes.
Proximity to regional headquarters and corporate offices supports a broad employment base and commute convenience for renters, particularly in apparel, tobacco, banking, and healthcare services. The following nearby employers anchor demand within typical workforce commuting ranges.
- VF — apparel HQ (6.1 miles) — HQ
- Reynolds American — tobacco HQ (21.2 miles) — HQ
- BB&T Corp. — banking HQ (21.2 miles) — HQ
- Hanesbrands — apparel HQ (24.0 miles) — HQ
- Laboratory Corp. of America — healthcare services (24.3 miles) — HQ
1041 W Barton St combines a 2006 vintage and a 20-unit scale with neighborhood fundamentals that support stable occupancy. The 3-mile radius shows a growing household base and a majority renter-occupied share, indicating a durable tenant pipeline. Amenity access is practical — with strong café and grocery density — while limited parks/pharmacies may modestly affect walk-to conveniences. According to CRE market data from WDSuite, neighborhood occupancy trends are around national medians, aligning with a strategy centered on consistent leasing and renewal execution rather than outsized rent lifts.
Relative to older local stock (average 1981 vintage), the asset’s newer construction can help competitive positioning and near-term capex visibility, though mid-life systems planning remains prudent. Improvements in estimated property crime rates suggest a constructive trend; investors should still maintain standard safety and lighting protocols to support retention and leasing.
- 2006 construction offers competitive positioning versus older neighborhood stock, with targeted mid-life updates to sustain appeal.
- 3-mile renter concentration and household growth support a deeper tenant base and steady absorption.
- Practical amenity access (cafes/groceries) promotes daily convenience, aiding resident retention.
- Neighborhood occupancy near national medians supports stable operations with disciplined leasing and renewals.
- Risks: mixed safety profile despite recent improvement and limited nearby parks/pharmacies; plan for ongoing onsite management and resident experience initiatives.