| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 69th | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 161 Keys Ct, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1997 |
| Units | 61 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
161 Keys Ct, Greenville NC Multifamily Investment
Neighborhood occupancy is high and has strengthened in recent years, supporting income stability for well-located assets, according to WDSuite’s CRE market data. This location benefits from renter demand in an inner-suburb pocket of Greenville without relying on premium pricing.
This inner-suburb location in Greenville ranks 2nd among 61 metro neighborhoods with an A+ neighborhood rating, signaling strong overall fundamentals at the neighborhood level (not the property). Amenities are comparatively accessible: restaurants score in the 90th percentile nationally, and grocery/cafés trend well above average, which helps leasing and retention for working households.
Neighborhood occupancy is 97.3% (top quartile nationally) with momentum over the past five years, indicating depth of tenant demand and reduced downtime risk versus many markets, based on CRE market data from WDSuite. Median contract rents in the neighborhood remain relatively accessible and have risen over five years, supporting measured revenue growth without over-reliance on aggressive rent steps.
Within a 3-mile radius, recent years show flat population and household counts, but projections call for population growth and a sizable increase in households by 2028, implying a larger tenant base and more renters entering the market. The expected decline in average household size also points to more demand for individual units rather than larger shared households, which can support occupancy stability.
Ownership costs locally are on the higher side relative to incomes (neighborhood value-to-income sits in a higher national percentile), while the neighborhood rent-to-income ratio is comparatively manageable. For investors, this combination can sustain renter reliance on multifamily housing and aid lease retention, even as pricing power should be applied thoughtfully. One trade-off: park access ranks last among 61 metro neighborhoods, so on-site open space or nearby private amenities may be important to remain competitive.
Safety indicators are mixed when viewed in context. At the metro level, the neighborhood’s crime rank is 23rd of 61, which is competitive among Greenville, NC neighborhoods; however, compared with neighborhoods nationwide, overall safety sits below the national median. Importantly, recent trends show meaningful improvement, with both violent and property offense rates declining year over year, according to WDSuite’s CRE market data.
Nationally benchmarked, the neighborhood’s violent-offense position aligns with a lower percentile, and property offenses also position in a lower national percentile; investors should underwrite prudent security measures and tenant-screening standards. The improving trajectory, including double-digit one-year decreases, suggests the local environment is stabilizing, but conservative operating assumptions remain appropriate.
161 Keys Ct is a 61-unit asset in an A+ rated Greenville neighborhood that demonstrates strong demand durability: neighborhood occupancy is high and trending upward, and local rents remain relatively accessible versus incomes, aiding retention and steady leasing. The 1997 vintage provides a competitive edge versus older 1980s-era stock in the area, while still leaving room for targeted modernization and value-add execution to capture incremental rent without overextending budgets.
Within a 3-mile radius, projections call for population growth and a notable increase in households by 2028, supporting a larger tenant base and potential lease-up resilience. Neighborhood-level performance indicators—such as top-quartile occupancy and strong NOI-per-unit positioning—compare favorably to many U.S. peers, according to commercial real estate analysis from WDSuite, though underwriting should account for safety variability and limited public park access.
- High neighborhood occupancy and strengthening trend support income stability
- 1997 vintage outcompetes older local stock; targeted updates can drive value-add upside
- Household growth within 3 miles expands the renter pool and supports leasing
- Rents relatively manageable vs. incomes aid retention and pricing flexibility
- Risks: safety positioning below national median and limited park access warrant conservative ops