| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 73rd | Best |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1908 Rosemont Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1995 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1908 Rosemont Dr, Greenville NC Multifamily Opportunity
Neighborhood occupancy is steady and renter concentration is above the metro median, supporting durable leasing conditions according to WDSuite s CRE market data.
Positioned in Greenville s inner suburb fabric, the neighborhood ranks 12 out of 61 locally, placing it in the top quartile among metro neighborhoods. For investors, that relative standing signals balanced fundamentals and a stable base of demand rather than a lease-up story.
The area shows a 56.9% share of renter-occupied housing units, indicating a deep tenant base for multifamily. Neighborhood occupancy is 92.1% (for the neighborhood, not the property), which aligns with steady absorption and supports pricing discipline in typical turn cycles. Median contract rents sit below national norms, and the rent-to-income ratio is favorable, suggesting room for retention-focused strategies without overextending affordability. These dynamics are consistent with patterns seen in WDSuite s commercial real estate analysis.
Quality-of-life signals are constructive for families and long-term renters: the average school rating is strong and sits in the top quartile nationally, while childcare access ranks competitively in the metro. Retail dining density is limited within the neighborhood footprint, but daily-needs access is helped by grocery availability that ranks above the metro median. Elevated home values relative to national averages point to a higher-cost ownership market locally, which can reinforce rental demand and lease retention.
Demographic statistics within a 3-mile radius show modest population softness in recent years alongside a 6.1% increase in households, implying smaller household sizes and a broader renter pool. Forward-looking projections indicate growth in households over the next five years, which would expand the tenant base and help support occupancy stability.
Safety indicators are mixed in comparative terms. Within the Greenville metro, the neighborhood s crime rank is near the low end (2 out of 61), indicating it experiences more reported crime than many local peers. However, nationally it sits around the upper third for safety (approximately the 67th percentile), suggesting it compares more favorably against neighborhoods across the country than it does within its own metro.
Trend signals are constructive: estimated property and violent offense rates have declined year over year, with meaningful reductions noted in both categories. For investors, that trajectory lowers downside risk if improvements persist, but ongoing monitoring remains prudent given the intra-metro positioning.
Built in 1995, this 20-unit asset offers value-add potential relative to a neighborhood with a newer average vintage. The surrounding area demonstrates stable renter demand, above-median renter concentration, and neighborhood occupancy around the low-90s (for the neighborhood, not the property). According to CRE market data from WDSuite, the rent-to-income profile is favorable, which can support retention and measured rent growth while maintaining leasing velocity.
Household counts within a 3-mile radius have been rising even as population eased, pointing to smaller household sizes and a broader target renter base. Forecasts call for additional household growth and higher median contract rents over the next several years, which, if realized, would underpin revenue durability; investors should balance this with prudent CapEx planning given the asset s vintage and the neighborhood s intra-metro safety rank.
- Stable neighborhood demand: top-quartile local rank and steady occupancy support leasing durability.
- Favorable rent-to-income dynamics suggest retention upside with disciplined renewals.
- 1995 vintage provides value-add and modernization opportunities relative to newer competitive stock.
- 3-mile household growth outlook expands the tenant base, aiding occupancy stability.
- Risks: intra-metro safety rank, lighter dining/entertainment density, and capital needs tied to older systems.