| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 50th | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 218 Stancil Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1976 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
218 Stancil Dr, Greenville NC Multifamily Investment
High renter concentration in the surrounding neighborhood supports a durable tenant base, with occupancy trending upward according to CRE market data from WDSuite.
Located in Greenville s inner-suburb fabric, the neighborhood rates B+ (ranked 19 of 61), signaling a broadly investable setting for workforce-oriented rentals. Neighborhood occupancy is in the mid-to-high 80s and has edged up over the last five years, pointing to gradual stabilization rather than late-cycle peak conditions.
Livability indicators are mixed. Park access is a relative strength (ranked 2 of 61; top quartile nationally), and grocery access is competitive among Greenville neighborhoods (ranked 14 of 61). Dining and cafes are limited locally, which may shift residents discretionary spend and lifestyle trips to adjacent corridors. Average school ratings sit below national norms (around the 15th percentile nationally and ranked 19 of 61 in the metro), which can shape demand mix toward non-family renters.
The local housing stock skews newer than the subject s 1976 vintage (neighborhood average year built is 1995; ranked 14 of 61), underscoring potential value-add and capital planning needs to remain competitive against more recent product. Median contract rents in the neighborhood are modest relative to national benchmarks, which supports lease-up flexibility but can temper top-line growth without renovations.
Tenure dynamics are a key upside for multifamily investors: renter-occupied housing accounts for a very high share of neighborhood units (ranked 2 of 61; among the highest nationally). Within a 3-mile radius, households have held roughly steady while average household size has declined, and projections indicate a sizable increase in household counts alongside smaller household sizes over the next five years. Together, these trends point to a larger tenant base and steady absorption potential for efficiently sized units.
Safety metrics sit near the national middle based on neighborhood-level data (overall crime is around the 50th percentile nationally and ranked 21 of 61 within the Greenville metro). While property crime indicators are slightly below national norms, recent estimates show only modest year-over-year movement.
A notable positive is the improvement in violent-offense trends, which show a pronounced year-over-year decline and benchmark in a stronger national percentile range. For investors, this pattern suggests stabilizing conditions relative to recent years, though continued monitoring versus metro peers remains prudent.
Built in 1976 with 32 units, the property is older than the neighborhood s average vintage, positioning it for targeted value-add and systems modernization to improve competitive standing against 1990s-era stock. Neighborhood occupancy has firmed in recent years and, according to CRE market data from WDSuite, sits below national leaders but shows upward momentum a setup conducive to driving NOI through renovation-led leasing and operational execution rather than relying solely on market appreciation.
Investor demand is further supported by a deep renter pool: neighborhood renter concentration ranks among the highest in the metro, and within a 3-mile radius, projections show more households and smaller household sizes, which typically expand the renter base for compact floor plans. At the same time, a rent-to-income profile near 30% indicates some affordability pressure, calling for disciplined pricing, renewal management, and amenity-aligned upgrades to sustain retention.
- Value-add potential: 1976 vintage versus newer neighborhood stock supports renovation-driven upside.
- Deep renter base: neighborhood renter-occupied share ranks near the top of Greenville, supporting demand depth and leasing continuity.
- Improving fundamentals: neighborhood occupancy trending upward provides a path to operational gains with focused management.
- Livability mix: strong park and competitive grocery access help retention even where dining/caf e9 options are limited.
- Risk affordability and NOI: rent-to-income near 30% and below-peak neighborhood NOI warrant careful pricing and expense control.