| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 18th | Poor |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Marshall St, Greensboro, NC, 27401, US |
| Region / Metro | Greensboro |
| Year of Construction | 2008 |
| Units | 24 |
| Transaction Date | 2017-12-29 |
| Transaction Price | $1,625,000 |
| Buyer | Heights at A&T Apartments, LLC |
| Seller | HNP Investments, LLC |
111 Marshall St, Greensboro NC Multifamily Investment
Neighborhood occupancy trends are above the metro median, reinforcing demand durability for stabilized multifamily, according to WDSuite s CRE market data.
This Inner Suburb location in Greensboro balances everyday convenience with workforce housing dynamics. Neighborhood grocery access is strong (competitive among the 245 Greensboro-High Point neighborhoods and in the top quartile nationally), while restaurant density is above average; parks, cafes, and pharmacies are relatively limited. For renters, this translates to practical access to essentials with fewer lifestyle amenities within the immediate blocks.
Multifamily fundamentals are steady: the neighborhood s occupancy rate sits above the metro median among 245 neighborhoods, suggesting resilient leasing even through cycles. Importantly, 58.5% of housing units in the neighborhood are renter-occupied, indicating a deep tenant base and consistent demand for apartments; note these tenure and occupancy metrics describe the neighborhood, not the property.
Within a 3-mile radius, WDSuite s data shows modest recent population growth with further expansion projected, pointing to a larger tenant base over time. Household counts are also trending up and are expected to continue rising, which supports occupancy stability and lease-up velocity for well-positioned assets.
Ownership costs nearby are relatively accessible compared with many U.S. areas, which can introduce competition from entry-level ownership. That said, the neighborhood s rent-to-income profile is manageable in investor terms, supporting retention and predictable renewals. Overall, the setup favors workforce-oriented multifamily with practical rent positioning and a stable renter pool.
Safety indicators are mixed and best understood in relative terms. Compared with neighborhoods nationwide, this area sits below the national median for safety; within the Greensboro-High Point metro, its crime rank is near the midpoint (competitive among 245 neighborhoods rather than top-tier). Recent trend data from WDSuite points to a meaningful improvement in property-related incidents over the past year, which investors often view as supportive for leasing stability if the trajectory persists.
As always, block-level dynamics can vary. Investors typically underwrite with neighborhood-level benchmarks, monitor trend direction, and align onsite management practices to support resident experience and retention.
Proximity to regional headquarters and large corporate offices underpins renter demand through commute convenience and employment depth. The employment base here is anchored by VF, Laboratory Corp. of America, Reynolds American, BB&T Corp., and Hanesbrands.
- VF apparel HQ (3.8 miles) HQ
- Laboratory Corp. of America diagnostics HQ (18.4 miles) HQ
- Reynolds American consumer goods HQ (26.8 miles) HQ
- BB&T Corp. banking HQ (26.9 miles) HQ
- Hanesbrands apparel HQ (29.0 miles) HQ
Built in 2008, this 24-unit asset is newer than much of the surrounding stock, which averages early-1960s vintage. That relative youth typically reduces near-term capital needs and helps the property compete for tenants against older buildings, while still leaving room for selective upgrades to drive rents. Neighborhood occupancy is above the metro median and renter concentration is high, pointing to a durable tenant base and steady leasing. According to CRE market data from WDSuite, population and household growth within a 3-mile radius are expanding, supporting demand for multifamily and reinforcing occupancy stability over the hold.
Livability skewed toward essentials (strong grocery and everyday retail access) supports workforce positioning, though fewer parks and cafes nearby may modestly temper lifestyle appeal. Ownership remains relatively accessible locally, which can create some competition with rentals; however, a manageable rent-to-income profile supports retention and consistent collections for well-managed assets.
- 2008 vintage offers competitive positioning versus older neighborhood stock, with targeted value-add potential
- Above-median neighborhood occupancy and high renter-occupied share support demand resilience
- Expanding 3-mile population and household counts bolster the tenant base and leasing stability
- Essentials-forward location (strong grocery access) aligns with workforce renters
- Risks: mixed safety metrics versus national benchmarks and limited nearby parks/cafes; ownership alternatives may compete at the margin