| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 51st | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2202 Juliet Pl, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2009 |
| Units | 24 |
| Transaction Date | 2025-10-29 |
| Transaction Price | $12,456,000 |
| Buyer | JULIET PLACE ROYAL LLC |
| Seller | SOUTHWOOD JULIET PLACE I LLC |
2202 Juliet Pl Greensboro 2009 Multifamily Investment
Neighborhood occupancy is steady and competitive within the Greensboro-High Point metro, according to WDSuite’s CRE market data, supporting consistent renter demand for a 24-unit asset. Newer 2009 construction relative to nearby 1980s stock positions the property well against older comparables.
Set in an Inner Suburb pocket of Greensboro with a B+ neighborhood rating, the area shows stable renter demand and practical connectivity to daily needs. Median contract rents in the neighborhood are around $1,001 and have risen over the past five years, while neighborhood occupancy remains competitive among 245 Greensboro-High Point neighborhoods. Grocery access is present and childcare density is comparatively strong, though cafes, restaurants, parks, and pharmacies are limited, suggesting residents rely on nearby corridors for broader amenities.
The neighborhood’s share of housing units that are renter-occupied is high, which deepens the local tenant base and can support leasing stability for multifamily properties. At the same time, elevated rent-to-income ratios in the neighborhood point to affordability pressure that owners should monitor through thoughtful lease management and renewal strategies.
Demographic indicators aggregated within a 3-mile radius signal a larger renter pool on the horizon: households have expanded in recent years and are projected to increase further alongside rising median incomes. Even with a modest prior dip in population, forecasts point to growth in both population and households over the next five years, which supports demand for rental units and occupancy resilience.
Home values in the immediate area are lower than many national peers, which can introduce some competition from ownership options. For investors, that typically translates to a focus on product differentiation—quality finishes, maintenance responsiveness, and community experience—to sustain pricing power and retention. These dynamics, combined with the property’s newer vintage versus the neighborhood average (2009 vs. 1984), position the asset competitively against older local stock as part of disciplined multifamily property research.
Relative to the Greensboro-High Point metro, recent crime metrics place the neighborhood competitively among 245 metro neighborhoods. Nationally, overall conditions trend around the middle of the pack, with offense categories varying by type but showing notable year-over-year improvement.
Both property and violent offense estimates have declined over the past year, indicating positive momentum that investors can monitor as part of standard underwriting. Conditions vary by location and over time; maintaining good site lighting, access control, and resident engagement remains prudent for stability.
The area benefits from a diversified employment base spanning apparel, healthcare diagnostics, tobacco manufacturing, and financial services—drivers that support renter demand via commute convenience and sector diversity. Key nearby anchors include VF, Laboratory Corp. of America, Reynolds American, BB&T Corp., and Hanesbrands.
- VF — apparel (7.0 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (22.3 miles) — HQ
- Reynolds American — tobacco (23.9 miles) — HQ
- BB&T Corp. — financial services (23.9 miles) — HQ
- Hanesbrands — apparel (27.0 miles) — HQ
Built in 2009, the 24-unit property offers a competitive position versus the neighborhood’s older 1980s-vintage stock, potentially reducing near-term capital needs while allowing targeted modernization to support rent performance. Neighborhood occupancy is competitive within the metro and, according to CRE market data from WDSuite, renter concentration is high—both factors that support a deeper tenant base and potential lease-up resilience compared with older alternatives.
Within a 3-mile radius, households have expanded and forecasts point to continued population and household growth alongside rising median incomes, adding to long-run renter demand. Counterbalancing factors include a high rent-to-income profile and limited nearby amenity density, as well as relatively lower home values that can create competition from entry-level ownership options—risks that can be managed through product differentiation and disciplined lease management.
- 2009 vintage competes well against older local stock, with selective value-add potential.
- Competitive neighborhood occupancy and high renter concentration support depth of tenant demand.
- 3-mile forecasts indicate population and household growth, reinforcing long-run renter demand.
- Risks: elevated rent-to-income ratios, lean amenity mix, and ownership alternatives require careful pricing and retention strategy.