| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 73rd | Best |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1910 Rosemont Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1995 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1910 Rosemont Dr Greenville NC Multifamily Investment
Neighborhood fundamentals point to steady renter demand with a majority of units renter-occupied and low-90% neighborhood occupancy, according to CRE market data from WDSuite. For investors, that signals a stable tenant base with potential for durable cash flow relative to Greenville, NC peers.
Located in an inner-suburban pocket of Greenville, the neighborhood carries an A- rating and ranks 12 out of 61 metro neighborhoods, placing it above the metro median. For multifamily owners, this translates to solid location fundamentals and consistent leasing interest, supported by a renter-occupied share that signals depth in the tenant base rather than reliance on owner-occupants.
Schools score well for the metro and test in the top quartile nationally (average school rating 4.0; rank 3 of 61 neighborhoods), a factor that can aid retention for family-oriented renters. Amenities are mixed: overall amenity positioning is above the metro median (rank 27 of 61), with childcare density competitive among Greenville neighborhoods (rank 7 of 61) and grocery access above median (rank 17 of 61), while parks, cafes, and restaurants are comparatively limited within the immediate area.
The property’s 1995 vintage is older than the neighborhood’s average construction year (2005). Investors should underwrite routine capital expenditures and consider targeted value-add renovations to stay competitive versus newer stock, particularly in unit finishes and systems modernization.
Within a 3-mile radius, households have grown while average household size has edged lower, and forecasts call for additional household growth and a larger higher-income segment. That dynamic typically supports a broader renter pool and sustained occupancy even as units turn, with rent levels managed against lease retention considerations. Median home values in the neighborhood are elevated for the region, which can reinforce reliance on multifamily rentals and support pricing power, while a favorable rent-to-income backdrop suggests manageable affordability pressure for tenants.
Safety trends compare favorably in a national context: the neighborhood sits around the 67th percentile for overall safety nationwide, and recent estimates indicate year-over-year declines in both property and violent offenses. This positions the area above broad U.S. norms and supportive of leasing stability without suggesting block-level conclusions.
Within the Greenville metro, offense-rate estimates have moved downward over the past year, with property offenses and violent offenses both receding. While investors should still apply standard risk management and site-level diligence, the directional improvement adds a constructive backdrop for tenant retention and turnover control.
1910 Rosemont Dr is a 22-unit asset in an above-median Greenville neighborhood where renter concentration supports demand depth and neighborhood occupancy trends remain steady. Based on CRE market data from WDSuite, the area’s school quality tests well and safety indicators track above national norms, which can aid renewal rates and moderate turnover costs. The 1995 vintage is older than nearby stock, creating a clear path for targeted value-add to narrow the competitive gap with 2000s-era properties.
Within a 3-mile radius, household counts have expanded and are projected to rise further alongside income growth, pointing to a larger tenant base over time. Elevated ownership costs locally tend to sustain multifamily reliance, while a favorable rent-to-income profile suggests room to manage pricing with attention to retention risk. Underwriting should incorporate ongoing CapEx for an older asset and the neighborhood’s limited park/cafe/restaurant density, balanced against childcare and grocery access that is stronger than metro peers.
- Above-median neighborhood with stable renter demand and steady occupancy
- School quality and nationally favorable safety trends support renewals
- Value-add potential from 1995 vintage relative to newer local stock
- 3-mile household and income growth expand the future renter pool
- Risks: older systems/CapEx needs and thinner nearby park/cafe options