| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Best |
| Demographics | 51st | Good |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2204 Juliet Pl, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2009 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2204 Juliet Pl Greensboro 24-Unit Multifamily
Positioned in an Inner Suburb with neighborhood occupancy around 93.5% and a renter-occupied share near 72%, the asset benefits from a deep tenant base and stable demand, according to WDSuite’s CRE market data. Newer construction for the area supports competitive positioning and operational predictability.
This Inner Suburb location is competitive among Greensboro-High Point neighborhoods (ranked 75 of 245) and skews renter-oriented, with neighborhood renter-occupied housing share at 71.6%. For multifamily investors, that depth of renter households supports ongoing leasing velocity and a resilient tenant base.
Rents in the neighborhood center near $1,001 for median contract rent and have posted solid growth over five years, while neighborhood occupancy sits at roughly 93.5% and has edged higher. In the national context, housing fundamentals land modestly above the middle of U.S. neighborhoods (housing in the mid-50s national percentile), which aligns with steady but not overheated demand.
Amenity access is mixed: grocery availability is comparatively strong (around the 67th percentile nationally) and childcare density also ranks well (roughly 79th percentile), but cafes, restaurants, parks, and pharmacies are sparse within the immediate neighborhood. Investors should underwrite with this amenity profile in mind, as it may influence resident satisfaction and retention strategies.
Within a 3-mile radius, households have increased over the past five years even as total population was roughly flat, indicating smaller household sizes and a gradually expanding renter pool. Looking forward, projections call for meaningful growth in households and incomes by 2028, which can support occupancy stability and rent levels. The property’s 2009 construction is newer than the neighborhood average vintage (1984), suggesting relative competitiveness versus older stock while still warranting periodic system upgrades and modernization to sustain pricing power.
Safety indicators present a mixed but improving picture. Overall, the neighborhood’s crime positioning is competitive among Greensboro-High Point areas (ranked 67 out of 245), hovering slightly above the national middle. Property and violent offense measures trail national medians, yet both have shown notable year-over-year improvement, indicating a constructive trend rather than a static risk profile.
For underwriting, it’s prudent to account for the neighborhood’s relative standing within the metro while recognizing the recent momentum toward lower reported offense rates. Comparative framing at the metro level and continued monitoring of trend data can help inform leasing strategies and security investments without overstating block-level conditions.
Proximity to established employers supports workforce housing demand and commute convenience for residents. Notable nearby headquarters span apparel, diagnostics, banking, and consumer goods, reinforcing a diversified employment base that can aid leasing stability.
- VF — apparel HQ (6.9 miles) — HQ
- Laboratory Corp. of America — diagnostics & healthcare services (22.3 miles) — HQ
- Reynolds American — consumer goods (tobacco) (23.9 miles) — HQ
- BB&T Corp. — banking (24.0 miles) — HQ
- Hanesbrands — apparel (27.0 miles) — HQ
Built in 2009 with 24 units averaging roughly 948 square feet, the property stands newer than much of the surrounding stock, supporting competitive positioning versus older alternatives. Neighborhood fundamentals—around 93.5% occupancy, a high share of renter-occupied units, and median contract rents near $1,000—point to steady leasing and rent integrity, based on CRE market data from WDSuite. Within a 3-mile radius, households have grown and are projected to increase further alongside rising incomes, expanding the tenant base and supporting occupancy stability.
Investors should also account for affordability pressure (rent-to-income ratios elevated for the area), mixed amenity depth, and a safety profile that is improving but still mixed relative to national medians. These factors argue for disciplined rent management, modest capital to sustain competitive finishes, and ongoing attention to resident experience to support retention.
- 2009 vintage offers relative competitiveness versus older neighborhood stock with manageable modernization needs
- Renter-heavy neighborhood (about 72% renter-occupied) supports deep tenant demand and leasing stability
- Neighborhood occupancy near 93.5% and median rents around $1,000 underpin predictable cash flow
- 3-mile household growth and rising incomes expand the renter pool and support retention
- Risks: affordability pressure (higher rent-to-income), limited nearby amenities in some categories, and a safety profile that warrants continued monitoring