| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 17th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Holt Ave, Greensboro, NC, 27405, US |
| Region / Metro | Greensboro |
| Year of Construction | 2008 |
| Units | 36 |
| Transaction Date | 2019-08-09 |
| Transaction Price | $3,400,000 |
| Buyer | Campus East Apartments II LLC |
| Seller | WPC Campus East, LLC, et al |
201 Holt Ave Greensboro 36-Unit Multifamily Investment
Built in 2008, this 36-unit asset competes well against older neighborhood stock and benefits from a deep renter base, according to WDSuite’s CRE market data. Expect demand supported by a high renter-occupied share and improving neighborhood occupancy.
The property sits in Greensboro’s inner-suburban fabric with everyday conveniences nearby. Neighborhood retail skew favors essentials: grocery and pharmacy access perform above national medians (grocery and pharmacy both in the low-80s percentiles), while restaurants are reasonably represented and cafes and parks are more limited. For investors, that mix supports day-to-day livability and leasing, though onsite amenities may help offset lighter café and park access.
Neighborhood occupancy is in the high-80s and has trended upward over the past five years, reinforcing stability for multifamily operations based on CRE market data from WDSuite. About 62% of housing units are renter-occupied, indicating a sizable renter concentration and deeper tenant pool for renewals and lease-up.
Vintage positioning is favorable: the submarket’s average construction year skews older (mid-1960s), while the subject was built in 2008. Newer construction relative to the area can reduce near-term capital needs and enhance competitiveness versus legacy stock, while investors should still plan for mid-life system updates and selective renovations to sustain rentability.
Within a 3-mile radius, population has edged up in recent years and households have increased, with forecasts pointing to additional population growth and more households by the mid-term. This pattern suggests gradual renter pool expansion that supports occupancy stability and pricing, especially for larger, functional floor plans.
Ownership context remains relevant for rental dynamics. Local home values are comparatively accessible in absolute terms, but the value-to-income relationship ranks high nationally, signaling a high-cost ownership market relative to incomes. That backdrop tends to sustain reliance on multifamily housing, which can aid retention and reduce move-outs to ownership.
Safety trends are mixed and should be underwritten thoughtfully. At the metro level, the neighborhood’s crime rank places it in a higher-crime cohort among 245 Greensboro-High Point neighborhoods, while overall conditions sit near the national median. Violent offense measures compare unfavorably to national norms, but property offenses have declined sharply year over year, and violent offense rates have also improved, according to WDSuite’s CRE market data.
Practical takeaway for investors: performance is increasingly supported by improving trend lines, yet proactive security design, lighting, and resident screening remain prudent to protect retention and maintain leasing velocity.
Proximity to regional headquarters and corporate offices underpins renter demand through diverse white- and blue-collar employment. Nearby anchors include VF, Laboratory Corp. of America, Reynolds American, BB&T Corp., and Hanesbrands.
- VF — apparel HQ (3.9 miles) — HQ
- Laboratory Corp. of America — diagnostics & labs (17.6 miles) — HQ
- Reynolds American — consumer products (27.6 miles) — HQ
- BB&T Corp. — financial services (27.7 miles) — HQ
- Hanesbrands — apparel (29.6 miles) — HQ
201 Holt Ave offers a 2008-vintage, 36-unit footprint with larger average floor plans that position it well against an older inner-suburban rental base. Neighborhood occupancy has improved and the renter-occupied share is high, pointing to depth of tenant demand. Within a 3-mile radius, gradual population growth and rising household counts indicate a larger tenant base over time, supporting leasing stability. According to CRE market data from WDSuite, ownership remains relatively high-cost versus incomes locally, which can reinforce rental reliance and retention.
From an operations standpoint, the newer vintage can temper near-term capital outlays while leaving room for targeted mid-life upgrades to drive renewals and selective rent gains. Investors should underwrite resident affordability carefully given higher rent-to-income signals in the neighborhood and remain mindful of safety planning despite improving crime trend lines.
- 2008 construction competes well versus older local stock; plan targeted mid-life system updates
- High renter concentration and improving neighborhood occupancy support leasing durability
- 3-mile radius shows population and household growth, expanding the tenant base
- Ownership cost relative to income supports renter reliance and renewal potential
- Risks: elevated rent-to-income and safety considerations require disciplined underwriting and on-site management