| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 46th | Fair |
| Amenities | 69th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1000 Treybrooke Cir, Greenville, NC, 27834, US |
| Region / Metro | Greenville |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1000 Treybrooke Cir Greenville NC Value-Add Multifamily
Renter concentration in the surrounding neighborhood is high, supporting a deeper tenant base even as occupancy has softened modestly over the past five years, according to WDSuite’s CRE market data. With stable local service amenities and proximity to Greenville employers, the asset’s fundamentals lean toward steady workforce demand.
Located in an inner-suburb pocket of Greenville, the neighborhood ranks competitively within the metro for overall livability (A-; 10th among 61 neighborhoods), signaling a balanced mix of services and housing that supports renter demand. Amenity access is a relative strength versus many peer areas: neighborhood-level measures of parks, pharmacies, groceries and childcare place it above the metro median and in the top quartile nationally on several counts, reinforcing day-to-day convenience for residents.
The local housing stock skews newer than the property itself (average neighborhood vintage near the late 1990s), which positions this 1987 build for practical value-add and modernization to remain competitive against younger comparables. Unit tenure data indicates a high share of renter-occupied housing units in the neighborhood, suggesting depth in the tenant pool and potential for stable leasing, particularly for well-managed workforce product.
Demographic statistics are aggregated within a 3-mile radius: households have grown in recent years alongside a modest increase in population, and forward-looking projections show households continuing to rise even as population edges down. That pattern points to smaller household sizes and a larger renter pool over time, a dynamic that can support occupancy stability and ongoing demand for multifamily units.
Homeownership costs in the immediate area are relatively accessible compared with many U.S. markets, which can introduce some competition from entry-level ownership. Even so, neighborhood rent levels and a high renter concentration indicate durable multifamily usage. Investors should focus on unit quality and service convenience to sustain pricing power and lease retention.
Safety outcomes in this neighborhood currently trail national benchmarks, and many Greenville neighborhoods perform better on this metric. However, year-over-year trends indicate notable improvement in violent offense rates, suggesting conditions have been moving in a favorable direction recently. As always, investors should underwrite with conservative assumptions, consider asset-level security measures, and monitor continued trend improvement relative to the broader Greenville metro’s 61 neighborhoods.
The Greenville area’s healthcare, education, and service employers provide a broad employment base that supports renter demand and commute convenience for workforce tenants.
This 24-unit, 1987-vintage property aligns with a renter-heavy neighborhood where day-to-day amenities are a relative strength versus many Greenville subareas. The older vintage versus neighborhood norms creates straightforward value-add pathways (interiors, systems, and common areas) to compete with late-1990s stock. According to CRE market data from WDSuite, neighborhood occupancy has eased over the past five years, so execution will hinge on renovation scope, service quality, and lease management to capture demand from a sizable renter pool.
Within a 3-mile radius, households have increased and are projected to keep rising even if population trends flatten, implying smaller household sizes and an expanding renter pool. Ownership remains relatively accessible locally, which may temper pricing power at the margin, but strong service amenities and workforce demand can underpin steady absorption for well-positioned product.
- 1987 vintage offers clear value-add potential against newer neighborhood stock
- High renter-occupied share supports depth of tenant base and leasing stability
- Amenity access (parks, pharmacies, groceries, childcare) reinforces daily convenience
- Household growth within 3 miles points to a larger renter pool over time
- Risks: softer neighborhood occupancy and ownership competition require disciplined renovations and leasing