| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 65th | Best |
| Amenities | 56th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1812 Bradford Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1994 |
| Units | 20 |
| Transaction Date | 2022-07-08 |
| Transaction Price | $21,000,000 |
| Buyer | BRADFORD PARK PROPERTY LLC |
| Seller | BRADFORD PARK APARTMENTS LLC |
1812 Bradford Dr Greenville NC Multifamily Investment
Neighborhood fundamentals point to steady renter demand with elevated renter-occupied housing and ownership costs that reinforce reliance on multifamily, according to WDSuite s commercial real estate analysis. Neighborhood occupancy is below the metro median, suggesting attention to leasing strategy and asset positioning can matter for stability.
This Inner Suburb location ranks 4th among 61 Greenville, NC metro neighborhoods (A-rated), indicating competitive positioning within the metro based on CRE market data from WDSuite. The area shows a high share of renter-occupied housing units, which typically supports a deeper tenant base and steadier demand for small to mid-size multifamily assets.
Daily-needs access is a relative strength: grocery and pharmacy density ranks near the top of the metro (both above metro median and strong nationally), while restaurant availability is also competitive. Park and café access are limited locally, so lifestyle appeal leans more toward convenience than recreation or boutique amenities.
Neighborhood rents trend below national norms (national percentile in the upper 30s), which can aid lease retention but may temper near-term pricing power. Neighborhood occupancy ranks below the metro median (36th of 61), underscoring the importance of hands-on leasing and targeted unit upgrades to sustain performance.
Within a 3-mile radius, households have grown even as average household size has edged down, and forecasts point to additional household growth with smaller household sizes ahead. That dynamic can expand the renter pool and support occupancy stability for well-positioned units. Bachelor s attainment in the neighborhood ranks in the top decile nationally, which can contribute to consistent renter demand and renewal potential.
Home values in the neighborhood sit above national norms, and the value-to-income ratio ranks in the top decile nationally. In practical terms, this is a higher-cost ownership market relative to local incomes, which tends to sustain reliance on rental housing and can support leasing velocity and retention for appropriately priced product.
Safety trends are mixed but improving. Overall, the neighborhood sits slightly above the national median for safety (higher percentile indicates comparatively safer conditions nationwide). Within the Greenville metro, total crime ranks closer to the more active end of the spectrum (11th of 61), yet property offenses are comparatively lower (above the metro median by rank), and recent data shows year-over-year declines in both property and violent offenses, signaling momentum in the right direction.
For underwriting, this points to a setting where standard security measures and resident engagement remain prudent, while recent downward trends may help support leasing and renewal conversations if maintained.
The investment case centers on durable renter demand in an A-rated Inner Suburb with strong daily-needs access and a high share of renter-occupied housing units. Neighborhood rents sit below national levels, supporting retention, while ownership costs are elevated relative to incomes, which reinforces multifamily reliance. According to CRE market data from WDSuite, neighborhood occupancy is below the metro median, so active leasing and targeted upgrades can be impactful for achieving stable performance.
Within a 3-mile radius, forecasts indicate growth in households alongside smaller average household sizes, which can expand the tenant base and support occupancy for well-located units. Limited parks and café density are softer points, but nearby grocery, pharmacy, and restaurant access remain favorable for day-to-day convenience.
- A-rated Inner Suburb location, competitive within the Greenville metro
- Elevated renter-occupied share supports depth of tenant demand
- Ownership costs relatively high vs. incomes, reinforcing rental reliance
- Forecast household growth in 3-mile radius supports occupancy and leasing
- Risk: neighborhood occupancy below metro median; lifestyle amenities (parks/caf e9s) limited