| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 31st | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 205 McAdoo Ave, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2007 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
205 McAdoo Ave Greensboro 33-Unit Multifamily
Neighborhood data point to a deep renter base and a high-cost ownership market that supports sustained apartment demand, according to WDSuite’s CRE market data. These metrics describe the surrounding neighborhood, not this specific property.
Located in Greensboro’s inner suburb fabric, the property is positioned near daily needs with stronger grocery access (competitive locally) and a broad restaurant mix, while limited park, pharmacy, and café density suggests fewer lifestyle amenities within close range. The neighborhood’s average school rating trends above national midline, which can aid long-term leasing stability for family-oriented renters.
The surrounding neighborhood skews renter-occupied at a high rate (top decile nationally), indicating a large base of renter-occupied units and depth for multifamily demand. Neighborhood occupancy is below the metro median today but has improved meaningfully over the past five years, pointing to gradual stabilization. Framed for investors, this mix supports leasing velocity but calls for active management during slower periods.
Home values in the neighborhood sit above the national midpoint relative to local incomes, creating a high-cost ownership context that tends to reinforce reliance on multifamily housing. Rent-to-income metrics signal some affordability pressure, an important input for renewal strategies and rent setting. Together, these dynamics favor steady tenant interest while rewarding careful lease management.
The property’s 2007 vintage is materially newer than the neighborhood’s older housing stock (average late-1960s), which can be a competitive advantage versus legacy assets while still warranting selective modernization as systems age. This positioning, paired with 3-mile demographics that show population and household growth, supports a larger tenant base and sustained renter demand. These neighborhood statistics and 3-mile demographics are derived from WDSuite’s commercial real estate analysis.
Safety indicators for the neighborhood are mixed but improving. Relative to the 245 neighborhoods in the Greensboro-High Point metro, the area sits in the middle of the pack to slightly below-average on crime, while nationally it trends around mid-range overall. Importantly, both violent and property offense rates have declined year over year, placing the neighborhood in a stronger improvement tier compared with many peers.
For investors, this trajectory suggests a supportive backdrop for renter retention if recent improvements persist. As always, underwriting should reflect block-by-block variability and property-specific measures, but the metro-relative rank and national percentiles indicate conditions that are competitive among Greensboro neighborhoods with encouraging recent momentum.
Proximity to major corporate offices underpins workforce housing demand and commute convenience, led by VF nearby and supported by regional headquarters such as Laboratory Corp. of America, Reynolds American, BB&T Corp., and Hanesbrands.
- VF — apparel HQ (3.8 miles) — HQ
- Laboratory Corp. of America — diagnostics (19.5 miles) — HQ
- Reynolds American — tobacco (25.8 miles) — HQ
- BB&T Corp. — banking (25.9 miles) — HQ
- Hanesbrands — apparel (28.1 miles) — HQ
205 McAdoo Ave is a 33-unit asset built in 2007, offering newer-vintage positioning versus an older local stock. This tends to enhance competitive appeal, with potential to capture demand from a renter-heavy neighborhood where ownership costs are relatively elevated. According to CRE market data from WDSuite, neighborhood occupancy has trended up in recent years despite sitting below metro medians, suggesting improving stability with prudent operations.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, implying a larger tenant base and support for leasing and retention. Strong access to employers across the Triad and solid grocery/restaurant density add day-to-day convenience, while limited parks and cafés highlight an amenity gap to weigh in underwriting. Affordability pressure warrants calibrated rent growth and renewal tactics.
- Newer 2007 vintage vs. older local stock supports competitive positioning with selective modernization upside.
- Large renter-occupied share indicates depth of tenant demand and potential leasing velocity.
- 3-mile population and household growth support occupancy stability and retention over time.
- Regional HQ employers within commuting range reinforce workforce demand.
- Risks: below-metro neighborhood occupancy, amenity gaps, and affordability pressure require disciplined rent setting and asset management.