| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Good |
| Demographics | 33rd | Fair |
| Amenities | 67th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3515 Lynhaven Dr, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2002 |
| Units | 26 |
| Transaction Date | 2013-08-01 |
| Transaction Price | $2,806,000 |
| Buyer | TECHNICAL METHODS LLC |
| Seller | WELLS FARGO BANK NATIONAL ASSOCIATION |
3515 Lynhaven Dr Greensboro 26-Unit Multifamily Opportunity
Neighborhood occupancy is about 97%, indicating stable renter demand in this inner-suburban pocket of Greensboro, according to WDSuite’s CRE market data. The area’s fundamentals point to steady leasing performance rather than volatility, with strength driven by everyday amenities and workforce accessibility.
Located in Greensboro’s inner suburbs, the property benefits from a neighborhood rated B+ and ranked 68th among 245 metro neighborhoods — competitive among Greensboro-High Point submarkets for investors screening for stability. Neighborhood occupancy ranks 38th of 245 (top quartile in the metro and strong versus the nation), reinforcing a base case for consistent leasing and fewer prolonged vacancies.
Amenity access skews toward daily needs rather than lifestyle retail: grocery availability ranks 26th of 245 and restaurants rank 21st of 245, while parks are also competitive locally (10th of 245). Cafés and pharmacies are thinner, so resident convenience is more about essentials than specialty options. For family-oriented tenants, average school ratings trend lower (near the bottom quintile nationally), which can influence unit mix performance and lease retention for households prioritizing schools.
The property’s 2002 construction is newer than the neighborhood’s average vintage (1986). For investors, this typically implies a relative competitiveness advantage against older inventory, alongside a practical plan for selective modernization as systems age to maintain positioning and support rent trade-outs.
Within a 3-mile radius, demographics show population growth over the last five years and a larger increase in households, pointing to a growing tenant base and more renters entering the market; projections through 2028 indicate further gains in population and households, which supports occupancy stability. Renter-occupied share within 3 miles is approximately 58%, signaling meaningful depth in the tenant pool for smaller-unit product. Median contract rents in the area sit below many coastal markets, and a rent-to-income ratio around 0.21 suggests manageable affordability pressure — a tailwind for lease retention, though lower home values in the neighborhood can create some competition with ownership options.
Safety indicators are mixed and best viewed comparatively. The neighborhood’s crime rank is 66 out of 245 Greensboro-High Point neighborhoods, which is weaker than the metro median, yet nationally the area sits around the middle of the pack. Importantly for risk management, recent trend data shows improvement: both property and violent offense rates have declined over the past year, placing those decreases among the stronger improvements nationwide. For investors, this trajectory can ease leasing friction over time, but underwriting should still account for localized variability across blocks.
The employment base includes nearby corporate headquarters across apparel, healthcare diagnostics, and diversified consumer products, supporting workforce housing demand and commute convenience for renters working in these corridors: VF, Laboratory Corp. of America, Reynolds American, BB&T Corp., and Hanesbrands.
- VF — apparel HQ (6.5 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (21.2 miles) — HQ
- Reynolds American — consumer tobacco (24.9 miles) — HQ
- BB&T Corp. — banking (24.9 miles) — HQ
- Hanesbrands — apparel (27.8 miles) — HQ
3515 Lynhaven Dr offers 26 units with a 2002 vintage, positioned in a Greensboro neighborhood where occupancy stands in the metro’s top quartile and essentials-focused amenities support day-to-day living. Based on CRE market data from WDSuite, this submarket’s stability, combined with a sizable renter pool within 3 miles and manageable rent-to-income levels, points to steady demand for smaller-format units and the potential for consistent lease-up and retention.
The construction year is newer than the local average, suggesting relative competitiveness versus older stock while still leaving room for targeted updates to sustain pricing power. Forward-looking household growth within 3 miles indicates continued renter pool expansion, though investors should weigh competitive pressure from lower-cost homeownership and variations in safety or school preferences across household segments.
- Occupancy in the neighborhood ranks in the metro’s top quartile, supporting leasing stability.
- 2002 vintage is newer than area average, with selective modernization potential for value preservation.
- Within 3 miles, rising households and a high renter-occupied share expand the tenant base.
- Essentials-oriented amenities (grocery, restaurants, parks) underpin everyday livability for residents.
- Risks: comparatively weaker school ratings, mixed safety relative to metro, and some competition from ownership.