| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 82nd | Best |
| Amenities | 31st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4042 Battleground Ave, Greensboro, NC, 27410, US |
| Region / Metro | Greensboro |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | 2006-04-13 |
| Transaction Price | $2,000,000 |
| Buyer | BATTLEGROUND OAKS VILLAGE LLC |
| Seller | GRANITE/HORSE PEN CREEK LLC |
4042 Battleground Ave Greensboro Multifamily Investment
Neighborhood occupancy has held above the metro median and renter demand is supported by higher-income households, according to WDSuite’s CRE market data. The area’s elevated home values sustain reliance on rentals, aiding lease stability for well-positioned assets.
This inner suburb of Greensboro-High Point (Neighborhood Rating: A) offers steady multifamily fundamentals. Neighborhood occupancy is above the metro median among 245 neighborhoods, and the renter-occupied share is in the top quartile locally, signaling a deeper tenant base and more consistent leasing for professionally managed assets. Note these occupancy and tenure statistics describe the neighborhood, not the property.
Livability is anchored by strong schools and access to open space. The average school rating ranks 8th of 245 metro neighborhoods and sits in the top quartile nationally, which can support retention for family-oriented renters. Park access is also a relative strength at a high national percentile, while the amenity mix skews lighter for cafes and pharmacies, a consideration for marketing and tenant experience.
The property’s 2007 vintage is newer than the neighborhood’s typical 2000 construction year. That positioning can be competitively advantageous versus older stock, though investors should plan for mid-life system updates and select unit renovations to maintain pricing power.
Within a 3-mile radius, demographics point to an affluent renter pool and shifting household composition. Median household incomes are high relative to national norms and have grown, and forecasts indicate more households even as average household size trends smaller. This dynamic generally supports a larger tenant base and sustains demand for well-managed multifamily units. Elevated home values in the neighborhood context further reinforce rental demand, supporting occupancy stability and lease retention.
Safety trends are mixed but improving. Compared with Greensboro-High Point neighborhoods, the area sits above the metro average for reported crime, indicating investors should account for prudent security measures and tenant communication. Nationally, it performs modestly better than the average neighborhood, and recent data show notable year-over-year declines in both property and violent offenses, suggesting positive momentum. All safety references reflect neighborhood-level conditions rather than the property itself.
Nearby corporate headquarters provide a diversified white-collar employment base that supports renter demand and commute convenience for residents, led by VF, Reynolds American, BB&T Corp., Hanesbrands, and Laboratory Corp. of America.
- VF — apparel HQ (4.5 miles) — HQ
- Reynolds American — consumer goods HQ (21.2 miles) — HQ
- BB&T Corp. — banking HQ (21.3 miles) — HQ
- Hanesbrands — apparel HQ (22.1 miles) — HQ
- Laboratory Corp. of America — healthcare & diagnostics HQ (24.6 miles) — HQ
4042 Battleground Ave benefits from neighborhood fundamentals that support consistent leasing: occupancy is above the metro median, renter concentration is in the local top quartile, and elevated for-sale pricing reinforces reliance on multifamily housing. The 2007 construction vintage is newer than the neighborhood norm, offering relative competitiveness versus older stock while leaving room for targeted upgrades to protect rents and retention.
According to CRE market data from WDSuite, higher incomes at the neighborhood level and a 3-mile demographic profile pointing toward more households over time underpin demand, even as household sizes trend smaller. Investors should note a thinner retail amenity mix and crime levels above the metro average, though recent safety trends are improving and household income growth supports rent collections and lease stability.
- Above-metro neighborhood occupancy and strong renter concentration support leasing stability
- 2007 vintage competes well versus older stock, with selective renovation upside
- Elevated ownership costs in the area sustain rental demand and pricing power
- 3-mile demographics show higher incomes and more households, expanding the renter base
- Risks: lighter cafe/pharmacy presence and crime above metro average, mitigated by improving trend