| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 17th | Poor |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 203 Holt Ave, Greensboro, NC, 27405, US |
| Region / Metro | Greensboro |
| Year of Construction | 2008 |
| Units | 21 |
| Transaction Date | 2004-02-20 |
| Transaction Price | $63,000 |
| Buyer | CAMPUS EAST APTS LLC |
| Seller | NORTH CAROLINA STUDENT HOUSING L L C |
203 Holt Ave, Greensboro NC Multifamily Opportunity
Renter demand is supported by a high renter-occupied housing share in the surrounding neighborhood and proximity to established employers, according to WDSuite’s CRE market data. This positioning can help stabilize leasing even as the submarket’s occupancy trends continue to normalize.
Located in an Inner Suburb of Greensboro, the property benefits from a renter-occupied housing share of roughly 62% at the neighborhood level, indicating a sizable tenant base and depth for multifamily leasing. Neighborhood occupancy has improved over the last five years but sits below the metro median, suggesting ongoing lease-up and retention should be managed with focused operations and competitive unit finishes.
Everyday convenience is a relative strength: grocery and pharmacy access track above most Greensboro neighborhoods and are solid compared with national peers, while parks and cafes are less dense locally. This amenity mix supports day-to-day livability for workforce renters but limits lifestyle premiums that rely on abundant green space or café culture.
Within a 3-mile radius, demographics show a stable population with a modest uptick recently and projections for continued population growth and a notable increase in households over the next five years. Forecasts also point to smaller average household sizes, which typically expands the renter pool and supports occupancy stability for well-positioned multifamily assets.
Ownership costs in this neighborhood are elevated relative to local incomes by national benchmarks, reinforcing reliance on rental housing. That backdrop supports tenant demand and lease duration, although higher rent-to-income ratios in the neighborhood imply affordability pressure that may limit near-term pricing power and warrant careful renewal strategies.
Safety conditions are broadly in line with national averages and competitive among Greensboro neighborhoods, ranking in the stronger half versus 245 metro neighborhoods. Recent data also indicates year-over-year declines in both property offenses and violent offenses, which is a constructive trend for renter sentiment. While sub-neighborhood variation is always possible, the directional improvement and mid-pack standing suggest risk that is manageable with standard multifamily security and lighting practices.
The area draws steady employment from nearby corporate offices, supporting a consistent renter base and commute convenience for residents. Notable employers 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 HQ (17.6 miles) — HQ
- Reynolds American — consumer products HQ (27.6 miles) — HQ
- BB&T Corp. — financial services HQ (27.7 miles) — HQ
- Hanesbrands — apparel HQ (29.6 miles) — HQ
Built in 2008 with 21 units, 203 Holt Ave offers relatively newer-vintage product versus much of the surrounding housing stock, helping it compete on finishes and systems against older assets. Based on CRE market data from WDSuite, the neighborhood shows a high share of renter-occupied housing and improving occupancy, indicating resilient underlying demand even as the submarket remains below the metro median for filled units.
Within a 3-mile radius, projections point to population growth and a larger household count over the next five years, which generally supports a broader tenant base and lease-up durability. The ownership market’s higher value-to-income profile in this neighborhood reinforces sustained reliance on rentals, while rent-to-income pressures argue for disciplined rent setting and renewal management. Given its mid-2000s vintage, investors should plan for targeted mid-life capital (common areas, exteriors, and select in-unit updates) to sustain competitive positioning.
- 2008 vintage competes well versus older neighborhood stock; targeted mid-life CapEx can extend competitiveness.
- High renter concentration at the neighborhood level supports depth of demand and leasing resilience.
- 3-mile forecasts indicate population and household growth, expanding the tenant base and aiding occupancy stability.
- Proximity to established corporate employers underpins daily commute convenience and retention potential.
- Risks: neighborhood occupancy below metro median and renter affordability pressure could temper pricing power; success depends on operational execution.