| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 65th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1807 Bradford Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1996 |
| Units | 108 |
| Transaction Date | 2022-07-08 |
| Transaction Price | $21,000,000 |
| Buyer | BRADFORD PARK PROPERTY LLC |
| Seller | BRADFORD PARK APARTMENTS LLC |
1807 Bradford Dr, Greenville NC Multifamily Opportunity
Positioned in an Inner Suburb pocket that ranks near the top of the Greenville metro, the asset benefits from a deep renter pool and stable demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends and ownership costs point to resilient leasing fundamentals for a 1996 vintage property.
The property sits in an Inner Suburb neighborhood rated A and ranked 4th of 61 in the Greenville metro, placing it in the top quartile locally. Grocery, pharmacy, childcare, and dining access score competitively versus metro peers, supporting day-to-day convenience for residents; parks and cafes are thinner, which modestly reduces lifestyle appeal compared with amenity-dense urban nodes.
Neighborhood occupancy is reported at roughly 89%, suggesting steady but not tight conditions that require attentive leasing and renewal management. The share of housing units that are renter-occupied is high (about three-quarters), indicating a substantial tenant base and ongoing depth for multifamily demand. Median home values in the neighborhood are elevated relative to local incomes, which tends to sustain reliance on rental housing and can support pricing power when units are well maintained.
Within a 3-mile radius, demographics indicate a large cohort of adults ages 18–34 and continued growth in household counts alongside smaller average household sizes. This pattern generally expands the renter pool and supports occupancy stability and lease-up velocity for appropriately positioned product.
Construction year averages nearby skew to the mid-1990s, and this asset’s 1996 vintage is slightly newer than that norm. That positioning can help competitiveness versus older stock, while investors should still plan for system updates and common-area refreshes to capture value-add potential and support rent trade-outs.
Based on WDSuite’s data, the neighborhood’s crime profile sits above the national median for safety (57th percentile nationwide). Within the Greenville metro, it ranks 11th of 61 neighborhoods, where a lower rank indicates more reported incidents; that places it in the higher-incident tier locally, warranting standard security and lighting best practices. Notably, recent trends show declining incident rates year over year, which is a constructive signal for resident retention and leasing.
Major employment centers within commuting range support renter demand for workforce and professional households. Proximity enables practical access to healthcare, education, and services employers that underpin leasing stability.
This 108-unit, 1996-vintage asset aligns with an A-rated Inner Suburb location that exhibits solid renter concentration and daily-living amenities. Elevated ownership costs relative to local incomes reinforce reliance on rental housing, while neighborhood occupancy near the high-80% range suggests stable—but competitive—leasing conditions that reward active management. According to commercial real estate analysis from WDSuite, recent safety trends are improving, and the surrounding 3-mile area shows growing household counts with smaller sizes, expanding the renter pool over the medium term.
The vintage provides a platform for measured value-add: modernization of interiors and building systems can enhance competitiveness versus older stock and support rent trade-outs. Amenity gaps (parks/cafes) and a metro crime rank in the higher-incident tier should be underwritten with standard security, marketing, and renewal strategies.
- A-rated, top-quartile neighborhood within Greenville supports durable renter demand
- High renter-occupied share indicates depth of tenant base for multifamily
- 1996 vintage offers practical value-add and systems upgrades to drive rent trade-outs
- Household growth and smaller sizes within 3 miles expand the renter pool and support occupancy
- Risks: amenity gaps (parks/cafes) and higher-incident metro rank require security and proactive leasing