| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 50th | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1333 E 10th St, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1997 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1333 E 10th St Greenville Multifamily Investment
Renter demand is durable in this inner-suburban pocket, supported by a high share of renter-occupied housing and neighborhood occupancy trending up, according to WDSuite’s CRE market data. Investors should expect steady leasing fundamentals with pricing set by workforce-oriented renters.
Located in Greenville, NC’s inner suburb cluster, the neighborhood rates B+ and is competitive among Greenville neighborhoods (ranked 19 out of 61). Local occupancy is about the high-80s and has edged higher over the past five years, which supports income stability for well-managed assets.
Livability is mixed: parks access is a clear strength (top quartile nationally) and grocery options are above the metro median, while restaurants, cafes, and pharmacies are thinner locally. Average school ratings in the neighborhood trend low versus national norms, which may matter for family renters but is less binding in areas with smaller household sizes.
Tenure dynamics favor multifamily: within a 3-mile radius, roughly seven in ten housing units are renter-occupied, indicating a deep tenant base and consistent turnover to backfill vacancies. The same radius skews younger, with a large 18–34 segment and smaller average household size; together, these factors typically support demand for smaller floorplans and steady lease-up velocity.
Rents in the immediate neighborhood sit at a workforce price point, and the rent-to-income ratio near 30% suggests some affordability pressure; operators should emphasize renewal management and value delivery to sustain retention. The property’s 1997 vintage is slightly newer than the neighborhood average (1995), implying competitive positioning versus older stock, though investors should still plan for mid-life system upgrades and targeted renovations to protect yield.
Safety indicators are generally around the metro middle, with the neighborhood competitive among Greenville’s 61 neighborhoods. Nationally, overall crime levels track near the midpoint, and recent data show a notable year-over-year improvement in violent offense trends, according to WDSuite’s CRE market data. As always, investors should underwrite with property-level history and daytime population patterns in mind rather than block-level assumptions.
This 1997-vintage, 27-unit asset sits in a renter-heavy Greenville submarket where neighborhood occupancy is stable and trending upward. According to CRE market data from WDSuite, the area’s high renter concentration and younger household profile support a reliable tenant pipeline, while workforce-level rents point to sustained demand with prudent renewal management.
The vintage provides a modest edge versus older nearby stock, but investors should budget for mid-life system modernization and selective value-add to enhance competitiveness. Amenities skew toward strong park access and adequate groceries, with fewer restaurants and cafes; this mix favors residents prioritizing convenience and open space, which can aid retention when paired with responsive management.
- Renter-heavy submarket supports depth of tenant base and occupancy stability.
- 1997 construction offers competitive positioning versus older stock with targeted upgrades.
- Workforce rent levels and younger households underpin steady leasing demand.
- Amenity mix favors parks and groceries; fewer restaurants/cafes may temper lifestyle appeal.
- Risks: lower school ratings and rent-to-income near 30% require careful lease and renewal management.