| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 41st | Fair |
| Amenities | 26th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 921 Meadow Oak Dr, Greensboro, NC, 27406, US |
| Region / Metro | Greensboro |
| Year of Construction | 2010 |
| Units | 30 |
| Transaction Date | 2015-05-07 |
| Transaction Price | $7,649,500 |
| Buyer | RISE CROWN VIEW LLC |
| Seller | SOUTHWOOD REHOBETH POINTE LLC |
921 Meadow Oak Dr Greensboro Multifamily Investment
Neighborhood occupancy is elevated and has trended stable, supporting income durability relative to the metro, according to WDSuite s CRE market data. A newer 2010 vintage and a balanced renter base suggest competitive positioning for a 30-unit asset.
The immediate area registers a B+ neighborhood rating and posts competitive occupancy among Greensboro-High Point neighborhoods (33 out of 245), with performance in the top quartile nationally. For investors, this translates to supportive leasing conditions and the potential for steadier collections versus more volatile submarkets.
At the 3-mile level, households have grown while population was roughly flat in recent years, indicating smaller household sizes and a modest expansion of the tenant base. Projections point to population and household growth through 2028, which should broaden the renter pool and support occupancy stability. Median rents in the neighborhood sit near the metro middle and a rent-to-income profile around the lower range locally, which can aid retention and limit turnover risk.
The property s 2010 construction year is newer than the neighborhood s average stock (late 1980s), offering relative competitiveness versus older assets. Investors should still plan for targeted modernization over the hold to maintain positioning against newer deliveries.
Local amenity density is modest, with limited cafes, parks, and childcare within the neighborhood, while grocery and pharmacy access is more typical for the metro. Home values in the area are lower than many coastal markets, which can mean some competition from entry-level ownership; however, this also helps sustain renter demand by keeping multifamily an accessible option for households prioritizing flexibility.
Safety indicators are mixed but improving. The neighborhood ranks 74 out of 245 within the Greensboro-High Point metro for overall crime, making it competitive among Greensboro-High Point neighborhoods, and sits around the middle nationally. According to WDSuite s commercial real estate analysis, recent year-over-year declines in both property and violent offense rates point to a constructive trajectory, though levels remain elevated versus higher-percentile U.S. neighborhoods.
Investors should underwrite with practical measures in mind (lighting, access control, and resident engagement) and monitor ongoing trends, using recent improvements as a directional positive rather than a guarantee.
Regional employment anchors within commuting distance support renter demand, particularly for workforce households. Nearby headquarters and corporate offices provide diversified white-collar and operations roles, aiding leasing stability.
- VF corporate offices (8.3 miles) HQ
- Laboratory Corp. of America corporate offices (22.1 miles) HQ
- Reynolds American corporate offices (24.9 miles) HQ
- BB&T Corp. corporate offices (24.9 miles) HQ
- Hanesbrands corporate offices (28.2 miles) HQ
This 30-unit property benefits from neighborhood occupancy that is competitive within the metro and in the top quartile nationally, supporting income stability and lease-up efficiency. The 2010 vintage is newer than the area s average stock, offering an edge over 1980s assets while still allowing room for targeted value-add to enhance rents and retention.
Within a 3-mile radius, households have been increasing and are projected to grow further by 2028, signaling a larger tenant base and reinforcing demand for rental housing. According to CRE market data from WDSuite, local rents and rent-to-income dynamics suggest manageable affordability pressure, which can support renewals, while modest amenity density and mixed safety metrics warrant pragmatic asset management and underwriting discipline.
- Competitive neighborhood occupancy trends support leasing stability
- 2010 vintage out-positions older stock with selective value-add upside
- 3-mile household growth and projected expansion bolster renter demand
- Rent-to-income profile indicates manageable affordability pressure aiding retention
- Risks: amenity-light location and mixed safety metrics require proactive management