| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 52nd | Good |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5509 Weslo Willow Dr, Greensboro, NC, 27409, US |
| Region / Metro | Greensboro |
| Year of Construction | 1974 |
| Units | 23 |
| Transaction Date | 2017-04-19 |
| Transaction Price | $298,000 |
| Buyer | LWH EDGEWATER VILLAGE APARTMENTS LP |
| Seller | TIC HIDDEN LAKES 11 LLC |
5509 Weslo Willow Dr, Greensboro NC Multifamily
Stabilized renter demand and a high renter-occupied housing base in the surrounding neighborhood support consistent leasing for this 1974, 23-unit asset, according to WDSuite s CRE market data. The submarket s occupancy has held in the low-90s, pointing to durable absorption with prudent rent management.
This Inner Suburb location balances everyday convenience with investment practicality. Amenity access is a relative strength: cafes (ranked 7 of 245 metro neighborhoods), grocery options (9 of 245), restaurants (11 of 245), and pharmacies (17 of 245) position the area in the top quartile nationally for amenity density. Park access is limited, and average school ratings trend weaker, which can shape tenant mix and marketing strategy.
For multifamily fundamentals, neighborhood occupancy is around the low-90% range and has edged higher over the past five years, indicating steady demand rather than volatility. The share of housing units that are renter-occupied is elevated (ranked 8 of 245 metro neighborhoods), signaling a deep tenant base and consistent leasing activity for professionally managed properties.
The property s vintage (built 1974) is older than the neighborhood s average construction year (1991). Investors should plan for capital expenditures and consider value-add upgrades to maintain competitiveness against newer stock while leveraging the area s renter concentration.
Within a 3-mile radius, households have grown modestly even as recent population trends were flat to slightly negative, and forecasts point to increases in both population and households over the next five years. Rising incomes and continued rent growth in the 3-mile area suggest a larger tenant base and support for occupancy stability, while relatively moderate rent-to-income levels at the neighborhood scale can aid retention.
Safety conditions are mixed in context. The neighborhood s current crime position sits around the middle of the metro but leans less favorable (ranked 102 out of 245 Greensboro-High Point neighborhoods), and compares slightly below the national average for safety. However, recent momentum is constructive: both property and violent offense rates have declined year over year, with improvement trends that compare well versus many U.S. neighborhoods. Investors should incorporate standard security, lighting, and property management practices to support resident experience and retention.
Proximity to established corporate headquarters and offices underpins a broad employment base that supports renter demand and commute convenience. Notable nearby employers include VF, Reynolds American, BB&T Corp., Hanesbrands, and Laboratory Corp. of America.
- VF apparel (6.8 miles) HQ
- Reynolds American tobacco (18.8 miles) HQ
- BB&T Corp. financial services (18.9 miles) HQ
- Hanesbrands apparel (21.3 miles) HQ
- Laboratory Corp. of America diagnostics & lab services (26.4 miles) HQ
This 23-unit asset at 5509 Weslo Willow Dr benefits from a high renter-occupied housing share and amenity-rich surroundings that are competitive among Greensboro-High Point neighborhoods. Occupancy in the neighborhood has held in the low-90% range with a positive five-year trend, and amenity density ranks in the top quartile locally, reinforcing day-to-day convenience that supports leasing and renewals. Based on CRE market data from WDSuite, the area s rent-to-income levels appear manageable for many renters, aiding retention.
Built in 1974, the property is older than the neighborhood average and presents tangible value-add and capital planning opportunities to sharpen positioning versus newer inventory. Within a 3-mile radius, households are projected to grow alongside income gains over the next five years, expanding the tenant base and supporting occupancy stability; however, investors should calibrate underwriting for uneven school ratings, limited park access, and standard safety considerations.
- High renter-occupied share and steady neighborhood occupancy support demand depth and leasing stability.
- Top-quartile local access to cafes, groceries, restaurants, and pharmacies enhances resident convenience and renewal potential.
- 1974 vintage offers value-add and modernization levers to compete with newer stock.
- 3-mile forecasts indicate growth in households and incomes, expanding the renter pool and supporting occupancy.
- Risks: weaker school ratings, limited parks, and mixed safety metrics require prudent management and underwriting.