| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 31st | Poor |
| Amenities | 25th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 208 King St, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2011 |
| Units | 112 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
208 King St, Greensboro NC Multifamily Investment
Neighborhood fundamentals point to durable renter demand and improving occupancy, according to WDSuite’s CRE market data, with ownership costs in the area reinforcing reliance on rentals rather than home purchase. Metrics referenced here reflect the surrounding neighborhood, not the property itself.
Constructed in 2011, the asset is newer than much of the local housing stock (area average skews late-1960s), which can support competitive positioning versus older properties while limiting near-term capital exposure primarily to modernization and systems upkeep. The surrounding neighborhood carries a B- rating among 245 Greensboro-High Point neighborhoods, indicating solid but mixed performance across demand drivers.
For investors focused on renter depth, roughly two-thirds of neighborhood housing units are renter-occupied, signaling a broad tenant base and steady leasing activity. Neighborhood occupancy has trended upward over the past five years, though levels sit below national norms; this suggests stabilization potential with hands-on leasing and retention strategies.
Local conveniences are uneven: restaurant density is above national averages, while parks, pharmacies, and cafes are limited within the neighborhood footprint. Grocery access scores better than many areas nationally, offering day-to-day convenience for residents. School quality sits slightly above the national midpoint and is competitive within the Greensboro-High Point metro, which can aid family renter retention.
Within a 3-mile radius, demographics indicate recent population growth and a projected expansion in both households and incomes by 2028, broadening the renter pool and supporting absorption. Elevated home values relative to local incomes create a high-cost ownership market, which tends to sustain multifamily demand and can support pricing power when paired with attentive lease management. These neighborhood statistics are measured for the neighborhood or 3-mile radius and not the property.
Safety outcomes in the immediate neighborhood are mixed. Overall crime sits around the national midpoint, but violent and property offense rates compare less favorably to many neighborhoods nationwide. Within the Greensboro-High Point metro (245 neighborhoods), the area’s crime rank indicates relatively elevated incidence locally rather than top-tier safety.
A constructive signal for investors is the recent downward trend in both violent and property offenses, with year-over-year declines that place the neighborhood among stronger improvers metro-wide. While perceptions may require continued management attention, the improving trajectory may support leasing stability over time if the trend persists.
Proximity to established corporate offices supports workforce housing demand and commute convenience, with concentrations in apparel, tobacco/consumer products, and diagnostics. These employment nodes can underpin leasing, particularly for residents prioritizing short-to-moderate commutes.
- VF — apparel HQ (3.8 miles) — HQ
- Laboratory Corp. of America — diagnostics & lab services (19.6 miles) — HQ
- Reynolds American — consumer products (25.7 miles) — HQ
- BB&T Corp. — financial services (25.7 miles) — HQ
- Hanesbrands — apparel (28.0 miles) — HQ
The investment case centers on renter demand depth, improving neighborhood occupancy, and a newer 2011 vintage that competes favorably against older local stock. Elevated ownership costs relative to incomes tend to reinforce reliance on rentals, supporting lease-up and retention. Based on CRE market data from WDSuite, neighborhood occupancy has moved higher in recent years; while still below national benchmarks, the direction supports a steadying outlook with disciplined operations.
Forward-looking demographics within a 3-mile radius indicate additional population and household growth by 2028, expanding the tenant base. At the same time, limited neighborhood amenities beyond restaurants and mixed safety perceptions suggest the need for thoughtful resident programming, targeted upgrades, and proactive lease management to sustain pricing power.
- 2011 construction offers competitive positioning versus older area stock with manageable modernization needs.
- Renter concentration in the neighborhood supports a deep tenant base and steady leasing.
- Upward neighborhood occupancy trend, per WDSuite data, points to improving stabilization potential.
- High-cost ownership environment sustains multifamily demand and can aid pricing power.
- Risks: amenity gaps and safety perceptions may require active management and targeted capital to support retention.