| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 54th | Best |
| Demographics | 67th | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 337 Guilford College Rd, Greensboro, NC, 27409, US |
| Region / Metro | Greensboro |
| Year of Construction | 2002 |
| Units | 24 |
| Transaction Date | 2021-09-22 |
| Transaction Price | $6,800,000 |
| Buyer | CENTURY OAKS NC LLC |
| Seller | OHARE REBECCA D |
337 Guilford College Rd Greensboro Multifamily Opportunity
2002-vintage, 24-unit asset positioned in an inner-suburban pocket where renter concentration is high and neighborhood fundamentals are competitive, according to WDSuite’s CRE market data. Expect steady tenant demand from a sizeable 3-mile renter pool with manageable affordability pressure relative to local incomes.
The neighborhood scores an A and ranks 33 out of 245 within the Greensboro–High Point metro, which is competitive among metro neighborhoods based on CRE market data from WDSuite. As an inner suburb, it combines access to jobs and retail with suburban-style housing, supporting consistent leasing for workforce and move-up renters.
Daily-needs access is a relative strength: grocery and pharmacy availability track above national medians, and restaurants are reasonably dense compared with many U.S. areas. However, cafes, parks, and childcare options are limited in the immediate area, which may moderate lifestyle appeal for some residents. Investors should underwrite amenities on-site (parking, pet policies, in-unit features) as part of the competitive set.
Renter demand is deep: roughly two-thirds of neighborhood housing units are renter-occupied (66.5% renter concentration), indicating a broad tenant base and potential leasing resilience. Neighborhood occupancy is below national averages, so proactive lease management and targeted marketing remain important for maintaining stability.
Within a 3-mile radius, population and household counts have inched higher in recent years, with forecasts calling for additional population growth and a notable increase in households over the next five years. Smaller average household sizes point to continued demand for one- and two-bedroom layouts; with average unit sizes near 954 square feet, the property is well positioned for singles, couples, and small households.
Home values in the area are relatively modest by national standards, yet the value-to-income relationship sits on the higher side for the metro, which can reinforce reliance on rental housing. For investors, this dynamic supports tenant retention and helps sustain demand for multifamily units, though it warrants attention to rent-to-income ratios when pushing pricing.
Safety trends are mixed but improving. The neighborhood’s crime profile is slightly better than the national middle (around the 54th percentile for overall safety) and ranks 64th out of 245 in the metro, which is above the metro median. Property and violent offense rates sit below national percentiles overall, but both have improved meaningfully year over year, with sharp declines indicating a favorable recent trend. Investors should focus on practical measures—lighting, access control, and coordination with professional management—to support resident confidence.
Proximity to established corporate employers supports a stable workforce renter base and commute convenience. Notable nearby headquarters and offices include apparel, tobacco, banking, and healthcare diagnostics.
- VF — apparel (6.8 miles) — HQ
- Reynolds American — tobacco (19.2 miles) — HQ
- BB&T Corp. — banking (19.3 miles) — HQ
- Hanesbrands — apparel (21.9 miles) — HQ
- Laboratory Corp. of America — diagnostics (26.1 miles) — HQ
Built in 2002, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock while still benefiting from select modernization or systems refresh to enhance positioning. Renter concentration is high and the 3-mile radius shows steady population growth with a stronger outlook for household formation, supporting a larger tenant base and occupancy stability. Neighborhood occupancy trails national medians, so disciplined leasing strategy and amenity execution remain central to performance.
Home values remain accessible compared with many U.S. markets even as value-to-income ratios skew higher locally, which tends to sustain reliance on multifamily housing and support lease retention. According to CRE market data from WDSuite, neighborhood rents trend mid-market and daily-needs retail access is solid, balancing lifestyle convenience with practical affordability for working households.
- 2002 vintage offers competitive positioning versus older stock with targeted value-add potential
- High renter concentration indicates depth of tenant demand and supports leasing velocity
- 3-mile demographic outlook points to renter pool expansion and supports occupancy stability
- Daily-needs retail access (grocery/pharmacy) enhances livability and retention
- Risk: neighborhood occupancy below national norms requires active lease management and competitive amenities