| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 73rd | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1319 Fleming Rd, Greensboro, NC, 27410, US |
| Region / Metro | Greensboro |
| Year of Construction | 2001 |
| Units | 24 |
| Transaction Date | 2016-03-04 |
| Transaction Price | $2,900,000 |
| Buyer | FLEMING APARMENT LLC |
| Seller | FLEMING TERRACE LLC |
1319 Fleming Rd, Greensboro NC — 24-Unit Multifamily
Inner-suburban location with solid renter demand and manageable affordability pressure, according to WDSuite s CRE market data. Neighborhood amenities and large nearby employment hubs support leasing consistency over a full cycle.
Located in Greensboro s inner suburbs, the property sits in a neighborhood rated A+ and ranked 8th among 245 metro neighborhoods, signaling strong overall livability for renters and employers alike. Amenity access scores in the top quartile among Greensboro High Point neighborhoods, with grocery options ranked 6th of 245 and cafes ranked 10th of 245; both measures also land in the top quartile nationally, which helps support day-to-day convenience and resident retention.
Rents and occupancy measured at the neighborhood level point to a balanced environment. The neighborhood s occupancy rate is below the metro median (ranked 158th of 245; 44th percentile nationally), suggesting some leasing competition but also room for value-focused positioning. The share of housing units that are renter-occupied is competitive among Greensboro High Point neighborhoods (ranked 75th of 245), indicating a meaningful tenant base for a 24-unit asset.
Construction vintages trend relatively new locally (average year 2004; top decile nationally), and this property s 2001 vintage is slightly older than the neighborhood average highlighting potential for targeted renovations to bolster competitive positioning while still benefiting from broadly newer surrounding stock.
Demographics are aggregated within a 3-mile radius. Recent data show a slight population dip over the past five years, but projections indicate a stable population and an increase in households alongside smaller average household sizes. For investors, this points to a larger addressable renter base and potential support for occupancy stability as more households form even without outsized population growth. Elevated home values in context with incomes reinforce reliance on multifamily rentals locally, which can aid pricing power while keeping an eye on lease management and retention.
Safety indicators, framed comparatively, suggest improving conditions versus prior periods. The estimated property offense rate has declined sharply year over year (ranked strongest for improvement among 245 metro neighborhoods; top tier nationally), and violent offense estimates also show a meaningful year-over-year decrease, landing in a favorable national percentile. Current violent offense levels track around the national middle, indicating neither an outlier risk nor an outsized advantage. As always, investors should monitor submarket trends over time rather than block-level readings.
Proximity to anchor employers supports workforce housing demand and commuting convenience, notably in apparel, tobacco, banking, and diagnostics. These corporate hubs can help underpin leasing velocity and renewal rates for nearby multifamily.
- VF apparel HQ and corporate functions (5.3 miles) HQ
- Reynolds American tobacco HQ (19.7 miles) HQ
- BB&T Corp. banking HQ (19.8 miles) HQ
- Hanesbrands apparel HQ (21.6 miles) HQ
- Laboratory Corp. of America diagnostics HQ (25.4 miles) HQ
1319 Fleming Rd offers a 24-unit footprint in an inner-suburban Greensboro location with strong amenity access and proximity to multiple corporate headquarters. Neighborhood occupancy trends sit below the metro median, but the renter-occupied unit share is competitive locally, creating room for a value-forward strategy that leans on convenience and employment access. Based on CRE market data from WDSuite, amenity density ranks in the top quartile locally and nationally, a tailwind for retention and day-to-day livability.
Built in 2001, the asset is slightly older than the neighborhood s average vintage, suggesting targeted capital improvements could enhance leasing competitiveness versus newer stock. Within a 3-mile radius, projections show stable population alongside a notable increase in households and smaller household sizes a pattern that can expand the tenant base and support occupancy stability over time. Investors should balance these positives with close monitoring of submarket occupancy and management execution to preserve pricing power.
- Inner-suburban location with top-quartile amenity access supporting retention
- Competitive local renter concentration provides depth for a 24-unit asset
- 2001 vintage with value-add potential to differentiate from newer nearby stock
- Nearby corporate HQs bolster workforce demand and leasing velocity
- Risk: Neighborhood occupancy below metro median requires strong operations and focused leasing