| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Best |
| Demographics | 73rd | Best |
| Amenities | 23rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1918 Rosemont Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1918 Rosemont Dr Greenville Multifamily Value-Add Opportunity
Neighborhood fundamentals point to steady renter demand and above-median occupancy, according to WDSuite’s CRE market data, with relative affordability that can support retention and leasing stability.
The property sits in an Inner Suburb pocket of Greenville rated A- and ranked 12 out of 61 metro neighborhoods — competitive among Greenville neighborhoods and above the metro median for overall performance. Neighborhood occupancy trends are solid, with the local rental market positioned above the metro median, a constructive backdrop for maintaining stable collections.
Renter concentration is elevated at the neighborhood level (56.9% of housing units are renter-occupied), indicating a sizable tenant base and depth for multifamily leasing. Within a 3-mile radius, households have grown even as population edged lower, resulting in smaller average household sizes — a configuration that typically supports demand for apartments and smaller floor plans.
Livability indicators show strengths and gaps investors should weigh. Average school ratings rank 3rd of 61 locally and land in the top quartile nationally, a positive for family-oriented renters. Childcare access is also comparatively strong within the metro. Grocery access is moderate, while restaurants, cafes, parks, and pharmacies are limited within the immediate neighborhood, suggesting residents rely on nearby commercial corridors for those amenities.
Affordability metrics are constructive for lease retention. Neighborhood median contract rents are on the lower side relative to peers, and rent-to-income levels sit in a high national percentile for affordability, which can reduce turnover risk and support occupancy stability. Median home values in the area are elevated for the metro, reinforcing reliance on multifamily housing for those not purchasing, while still leaving room for workforce-oriented positioning.
Safety indicators warrant a balanced view. Relative to the Greenville metro, the neighborhood ranks toward the less safe end (measured against 61 neighborhoods), signaling investors should underwrite prudent security and operational protocols. Nationally, however, the area sits above average for safety, placing it in a better position than many neighborhoods across the country.
Recent trend data is constructive: both violent and property offense rates have declined year over year, indicating improving conditions. Investors should treat this as a positive directional signal while continuing to budget for visibility, lighting, and partnership with local patrols to sustain leasing confidence.
Built in 1996, this 24-unit asset presents a practical value-add angle against a neighborhood where the average construction year skews newer. Select renovations and system updates can improve competitive positioning while preserving the property’s relative affordability — a feature that, based on CRE market data from WDSuite, aligns with above-median neighborhood occupancy and a strong renter-occupied share that supports demand depth.
Investor fundamentals are underpinned by a sizable renter pool within a 3-mile radius, household growth despite modest population softening, and strong local school ratings that enhance family renter stickiness. Neighborhood rents trend on the accessible side, which can aid retention; at the same time, limited immediate lifestyle amenities and a safety profile that is weaker than the metro average argue for disciplined underwriting and targeted operational improvements.
- Above-median neighborhood occupancy and elevated renter-occupied share support demand stability.
- 1996 vintage offers renovation and systems-upgrade upside versus newer local stock.
- Household growth and smaller household sizes within 3 miles expand the tenant base over time.
- Relative rent accessibility enhances retention and can support steady occupancy.
- Risks: fewer nearby lifestyle amenities and below-metro safety ranking require proactive operations and capex planning.