| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 48th | Good |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 200 Kenwick Cir, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 1999 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
200 Kenwick Cir Greensboro Multifamily Investment Opportunity
Inner-suburb fundamentals point to dependable renter demand and steady occupancy, according to WDSuite s CRE market data for the surrounding neighborhood. With newer-vintage units relative to local stock, this 22-unit asset is positioned to compete on livability while maintaining prudent expense planning.
Located in an inner suburb of Greensboro, the property benefits from neighborhood occupancy that trends above national averages, supporting lease stability for smaller assets. Median contract rents in the area have risen meaningfully over the last five years while rent-to-income remains moderate, a combination that can sustain demand and help manage retention risk during renewals, based on CRE market data from WDSuite.
Amenity access is serviceable: grocery and pharmacy density rank in the middle of the pack locally, and cafes are comparatively accessible (ranked stronger than many Greensboro peers among 245 neighborhoods). Park and formal childcare options are limited within the neighborhood, so investors should underwrite for lifestyle convenience via retail and services along major corridors rather than large recreational nodes.
The surrounding housing stock skews older than this property s 1999 vintage (neighborhood average year is 1987), which gives a relative competitiveness edge versus nearby Class B stock; however, investors should still anticipate selective system updates or modernization over the hold. Renter-occupied housing share sits in the upper quartile nationally, indicating a deep tenant base that typically supports absorption and reduces leasing volatility for multifamily property research.
Demographic statistics are aggregated within a 3-mile radius: population and household counts have grown recently and are projected to expand further over the next five years, implying a larger tenant base and support for occupancy. Household sizes have edged smaller in recent years, which can translate into continued demand for apartments rather than larger owner-occupied homes. Rising median incomes in the 3-mile area also provide some cushion for measured rent growth and renewal strategies.
Neighborhood safety indicators are mixed when viewed against metro and national benchmarks. The area s overall crime rank is 83 among 245 Greensboro-High Point neighborhoods, indicating more reported incidents than many suburban peers, while broader comparisons place the area around the national middle.
Property and violent offense measures sit below national medians (lower percentiles nationally), but recent one-year trends show notable improvement with double-digit declines, according to WDSuite. For underwriting, consider pragmatic measures such as lighting, access controls, and visible management presence to support resident comfort and retention.
Proximity to a diverse set of corporate headquarters strengthens the employment base and supports renter demand through commute convenience. Notable nearby employers include VF, Laboratory Corp. of America, Reynolds American, BB&T Corp., and Hanesbrands.
- VF apparel HQ (8.0 miles) HQ
- Laboratory Corp. of America diagnostics & life sciences (21.4 miles) HQ
- Reynolds American consumer products (25.5 miles) HQ
- BB&T Corp. financial services (25.5 miles) HQ
- Hanesbrands apparel (28.7 miles) HQ
This 22-unit, 1999-vintage asset offers relative competitiveness versus the neighborhood s older housing stock while benefiting from steady neighborhood occupancy and a renter-leaning unit mix. Within a 3-mile radius, population and households are projected to expand, pointing to a larger tenant base that supports leasing velocity and occupancy stability. Moderate rent-to-income levels and rising local incomes provide room for disciplined rent strategies without overextending affordability. According to CRE market data from WDSuite, neighborhood rents have trended upward and occupancy sits above national norms, reinforcing the case for durable cash flow if operations are managed attentively.
Key underwriting considerations include pragmatic safety management given below-median national safety percentiles, as well as the neighborhood s limited park and formal childcare amenities. Overall, the combination of newer-vintage positioning, workforce demand tied to nearby corporate nodes, and favorable household growth supports a balanced value proposition for long-term holders.
- Newer 1999 vintage vs. neighborhood average, with scope for targeted updates to enhance competitiveness
- Neighborhood occupancy above national norms and rising local rents support income durability
- 3-mile population and household growth expand the tenant base, aiding lease-up and retention
- Corporate employment access (VF, Labcorp, Reynolds, BB&T, Hanesbrands) underpins workforce demand
- Risks: below-median national safety percentiles and limited parks/childcare call for proactive operations