| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 49th | Good |
| Demographics | 48th | Good |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 204 Kenwick Cir, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 1999 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
204 Kenwick Cir, Greensboro NC Multifamily Investment
Neighborhood occupancy is holding in the low-90s, supporting steady leasing conditions for smaller assets, according to WDSuite’s CRE market data. A 1999 vintage positions this 22-unit property competitively against older local stock while leaving room for selective modernization.
Greensboro’s inner-suburb setting around 204 Kenwick Cir offers practical access to daily needs and employment while maintaining a residential feel. Within the metro, the neighborhood’s amenity access ranks competitive among 245 Greensboro-High Point neighborhoods, with cafes and pharmacies present even if parks and childcare options are thinner. Compared with national patterns, the area sits near mid-pack on amenities, which typically supports day-to-day convenience without commanding urban-core pricing.
The asset’s 1999 construction is newer than the neighborhood’s average 1987 vintage, suggesting relative competitiveness versus older buildings. Investors should budget for routine system updates and potential common-area refreshes to keep pace with renter expectations, but the age profile is generally favorable compared with much of the surrounding stock.
Renter-occupied housing concentration within a 3-mile radius is about half of units, indicating a meaningful tenant base that can support leasing stability for a 22-unit community. Household counts in the same 3-mile radius increased in recent years and are projected to expand further over the next five years, implying a larger renter pool and support for occupancy and absorption as new households form.
On costs and pricing power, neighborhood home values are lower than many coastal markets, and rent-to-income metrics sit in a manageable range for many households. That backdrop can support retention and steady collections, though investors should monitor potential competition from ownership options if mortgage costs ease. Neighborhood rents have trended upward over the past five years, and occupancy for the neighborhood is above metro median levels, reinforcing a base of demand.
Safety indicators in this Greensboro neighborhood trend close to national mid-range benchmarks overall. Within the metro, recent readings place the area around the middle of the pack among 245 neighborhoods, and year-over-year data shows meaningful declines in both property and violent offense rates. While improvement momentum is a positive sign for renter confidence and leasing, investors should underwrite conservatively and align security measures with typical inner-suburban standards.
Proximity to regional headquarters and corporate offices broadens the employment base for renters, supporting workforce housing demand and commute convenience. Notable nearby employers include apparel, clinical lab services, banking, and consumer products headquarters.
- VF — apparel (8.1 miles) — HQ
- Laboratory Corp. of America — clinical lab services (21.4 miles) — HQ
- BB&T Corp. — banking (25.5 miles) — HQ
- Reynolds American — consumer products (25.5 miles) — HQ
- Hanesbrands — apparel (28.7 miles) — HQ
This 22-unit 1999-vintage asset benefits from a neighborhood occupancy profile in the low-90s and balanced renter demand, with a 3-mile radius showing roughly half of units renter-occupied. Newer-than-average vintage versus the local 1980s stock can provide a competitive edge with practical value-add levers such as interior upgrades and light common-area enhancements. According to CRE market data from WDSuite, neighborhood rents have risen over the past five years and occupancy sits above the metro median, supporting a case for stable leasing and measured pricing power.
Demographic data aggregated within a 3-mile radius points to population and household growth, with forward projections indicating continued expansion—favorable for a larger tenant base and absorption. Affordability metrics suggest rents are generally manageable relative to incomes, aiding retention, while comparatively attainable home values mean investors should watch for periods when ownership alternatives become more competitive.
- Neighborhood occupancy above the metro median supports stability for a 22-unit asset.
- 1999 vintage offers relative competitiveness vs. older local stock with value-add potential through targeted upgrades.
- 3-mile radius shows rising households and projected growth, expanding the renter pool and supporting absorption.
- Manageable rent-to-income dynamics can aid retention and collections under thoughtful lease management.
- Risks: improving yet mixed safety indicators and potential competition from ownership options if financing costs decline.