| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 73rd | Best |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1914 Rosemont Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1995 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1914 Rosemont Dr, Greenville NC Multifamily Investment
Neighborhood data points to stable renter demand and manageable affordability, according to WDSuite s CRE market data, supporting a steady leasing backdrop for a 24-unit asset in Greenville s inner-suburban fabric.
Set within Greenville s inner-suburban corridor, the neighborhood rates A- and is competitive among Greenville neighborhoods (ranked 12 of 61). Local occupancy for the neighborhood is reported at 92.1%, indicating generally steady leasing conditions at the area level rather than the property itself, based on CRE market data from WDSuite.
Schools average a 4.0 out of 5 (ranked 3 of 61), placing the area above the metro median and in the top quartile nationally, which can enhance family-oriented renter stickiness. Everyday services are anchored more by essentials than lifestyle retail: grocery access is moderate for the metro (ranked 17 of 61), while parks, restaurants, cafes, and pharmacies are limited within the neighborhood footprint. Childcare density is a relative strength (ranked 7 of 61), supporting working-household convenience.
Renter concentration in the neighborhood stands at 56.9% of occupied housing units (ranked 15 of 61), signaling a deep tenant base for multifamily. Median contract rents in the neighborhood are on the lower side for the metro, and the rent-to-income ratio of 0.09 points to low affordability pressure factors that can aid retention and thoughtful rent management over time.
Within a 3-mile radius, household counts increased even as population edged down, indicating smaller average household sizes and a broader base of households using rental housing. Forward-looking estimates within 3 miles point to growth in both population and households, suggesting a larger tenant pool and support for occupancy stability over the medium term.
The property s 1995 vintage is older than the neighborhood s average construction year (2005). Investors should underwrite ongoing capital planning and value-add potential to improve competitive positioning versus newer nearby stock.
Safety indicators are mixed in a way investors should contextualize. The neighborhood s crime rank is 2 out of 61 Greenville metro neighborhoods, indicating it is weaker relative to many local peers, yet its national safety placement is comparatively stronger (around the upper mid-range nationally). Recent trend data shows noteworthy improvement, with estimated property and violent offense rates declining year over year, which can support perception and leasing stability if sustained.
According to WDSuite s CRE market data, the area s property offense trend improved and violent offense levels remain comparatively low on an absolute basis for the neighborhood, with meaningful year-over-year reductions. Investors should still emphasize standard security practices and tenant communication, while recognizing that the trend direction has been favorable.
1914 Rosemont Dr is a 24-unit asset built in 1995, positioned in a renter-heavy neighborhood with a 56.9% share of renter-occupied housing. Neighborhood occupancy is reported at 92.1%, suggesting a generally steady leasing backdrop at the area level. According to commercial real estate analysis from WDSuite, local schools rate well for the metro and national context, and household growth within a 3-mile radius points to a larger tenant base over time even as household sizes trend smaller.
The 1995 vintage is older than the neighborhood s average, creating a clear value-add path via selective renovations and systems upgrades to boost durability and competitive positioning versus 2000s-era stock. Lower neighborhood rent levels and a favorable rent-to-income profile provide room for disciplined rent management, though investors should balance this with prudent capital planning and awareness of mixed safety positioning locally despite improving trends.
- Renter-heavy area supports depth of tenant demand and leasing stability.
- Neighborhood occupancy around the low-90s underpins area-level stabilization potential.
- 1995 vintage offers value-add and modernization upside against newer nearby stock.
- Favorable rent-to-income profile enables thoughtful rent growth and retention strategies.
- Risk: safety ranks weaker than many local peers; continued monitoring and security best practices are advisable.