| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 73rd | Best |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1833 Rosemont Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1997 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1833 Rosemont Dr Greenville Multifamily Investment
Neighboring submarket metrics point to steady occupancy and a deep renter pool at the neighborhood level, based on CRE market data from WDSuite. The property’s scale suits hands-on management while positioning for durable renter demand.
Located in Greenville’s inner-suburb fabric, the neighborhood rates in the top quartile among 61 metro neighborhoods, signaling balanced fundamentals for multifamily investors. Neighborhood occupancy trends near the mid-90s support day-to-day stability, while a high share of renter-occupied housing units indicates a broad tenant base and consistent leasing velocity.
Amenity access is mixed: grocery coverage is competitive for the metro, and childcare availability benchmarks strong nationally, but cafes, restaurants, parks, and pharmacies are limited within the neighborhood footprint. For assets like a 24-unit property, this mix typically favors workforce renters who prioritize convenience to essentials over lifestyle retail.
School options benchmark well, with average ratings near the higher end of the metro and top quartile nationally—an advantage for retention among household renters. Median contract rents at the neighborhood level sit on the lower side for the region, and rent-to-income metrics point to manageable affordability pressure, which can support renewal rates and measured pricing power rather than aggressive lease-up tactics.
Demographic indicators within a 3-mile radius show households have expanded even as average household size edges lower, effectively enlarging the renter pool. Forward-looking projections indicate additional gains in both households and incomes over the next several years, a setup that tends to support occupancy stability and incremental rent growth for well-managed assets.
Safety signals are mixed when comparing scales. Within the Greenville metro, the neighborhood sits toward the higher-crime end (ranked near the bottom among 61 neighborhoods), yet on a national basis it trends modestly above the median. Recent year-over-year estimates indicate improving conditions, with double-digit declines in both property and violent offenses, suggesting momentum in the right direction. Investors should underwrite to submarket-level comps and apply standard security and lighting best practices to support tenant retention.
This 24-unit asset built in 1997 is slightly older than the neighborhood’s average vintage, creating a straightforward value-add path via targeted unit renovations and systems upgrades. At the neighborhood level, occupancy trends are stable and the renter-occupied share is high, pointing to depth in the tenant base. According to CRE market data from WDSuite, local home values are relatively elevated for the region, which can reinforce reliance on rental housing and support steady leasing fundamentals.
Within a 3-mile radius, household counts have risen and are projected to expand further alongside income growth, increasing the pool of renters over the medium term. Combined with moderate rent levels and favorable rent-to-income dynamics, the setup supports retention and measured rent advancement for a well-executed renovation and management plan.
- Stable neighborhood occupancy and high renter concentration support demand depth
- 1997 vintage offers practical value-add via unit refreshes and modernization
- Elevated ownership costs locally bolster renter reliance and leasing stability
- Risks: amenity limitations in immediate area and intra-metro safety dispersion warrant conservative underwriting