| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 65th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1629 Wimbledon Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 2006 |
| Units | 52 |
| Transaction Date | 2006-12-19 |
| Transaction Price | $322,500 |
| Buyer | TUCKER CO LP |
| Seller | TUCKER FARMS INC |
1629 Wimbledon Dr Greenville Multifamily Opportunity
Renter-occupied housing is prevalent in the immediate neighborhood and occupancy trends are holding near the upper-80s, according to WDSuite s CRE market data, supporting steady tenant demand for a 52-unit asset. Built in 2006, the property s vintage offers competitive positioning versus older stock while still allowing for targeted updates.
Positioned in an Inner Suburb pocket of Greenville, the neighborhood carries an A rating and ranks 4th among 61 metro neighborhoods, placing it in the top quartile locally. The area skews renter-occupied with a high renter concentration, which deepens the tenant base and can support lease-up and retention for multifamily.
Everyday convenience is a relative strength: grocery and pharmacy access is robust for the metro, and restaurant density is competitive, while park and cafe options are limited nearby. School rating data was not available in the current release, so investors may wish to diligence school quality separately if that is central to their thesis.
Within a 3-mile radius, households have increased in recent years and are projected to expand further, indicating a larger tenant base over the next cycle. Population has been mixed historically but is projected to grow, with smaller average household sizes over the forecast period factors that typically add depth to the renter pool and can support occupancy stability.
The property s 2006 construction is newer than the neighborhood s average vintage (1990s-era), offering relative competitiveness versus older inventory. Investors should still plan for mid-life building systems and common-area updates that can enhance positioning without the heavier capital needs common to much older assets. Neighborhood NOI per unit trails national norms, suggesting current yields may rely on disciplined operations and selective value-add rather than outsized in-place income; however, a rent-to-income profile around one-fifth supports lease management and renewal strategies. These dynamics align with practical multifamily property research for similar Inner Suburb locations.
Safety indicators are mixed but improving. Neighborhood crime performance sits around the national median (national percentiles near the mid-40s to upper-50s), while recent trends show measurable declines: property offenses decreased and violent offenses fell sharply over the past year, based on CRE market data from WDSuite. Compared with the Greenville metro, results vary by category and do not place this area in the top tier, but the recent downward trend is a constructive signal to monitor.
For metro context: property offense levels rank 46th out of 61 Greenville neighborhoods, and violent offense levels rank 26th out of 61. These relative standings suggest the area is not among the metro s safest cohorts but has shown year-over-year improvement, which can aid renter sentiment and retention if the trend continues.
1629 Wimbledon Dr presents a mid-2000s, 52-unit profile in a Greenville neighborhood that ranks in the top quartile locally and skews renter-occupied, supporting depth of demand. According to commercial real estate analysis from WDSuite, neighborhood occupancy is in the upper-80s and rent-to-income levels near one-fifth point to manageable affordability pressure that can aid renewals. Strong grocery/pharmacy coverage and restaurant density bolster livability, while limited park and cafe options are a known trade-off.
The 2006 vintage is newer than the area s typical stock, providing competitive positioning versus older assets while leaving room for targeted value-add (unit finishes, amenities, and building systems at mid-life). Neighborhood-level NOI per unit trails national norms, indicating that returns may hinge on operational execution and selective upgrades rather than outsized in-place yields. Demand fundamentals within a 3-mile radius show growing households and a projected uptick in population, which supports a larger renter base and occupancy stability over the medium term.
- Renter-heavy neighborhood and upper-80s occupancy support tenant depth and stability
- 2006 vintage offers competitive positioning with clear value-add pathways
- Everyday retail access (grocery/pharmacy, restaurants) enhances renter convenience
- Household growth within 3 miles indicates a larger future renter base
- Risks: neighborhood NOI per unit below national norms; amenity gaps (parks/cafes); crime around national median despite recent improvement