| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 50th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2201 Bellamy Cir, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 2007 |
| Units | 22 |
| Transaction Date | 2007-05-07 |
| Transaction Price | $2,297,000 |
| Buyer | EWT 80 LLC |
| Seller | PHENIX GREENVILLE LP |
2201 Bellamy Cir Greenville 22-Unit Multifamily
Neighborhood occupancy sits in the top quartile among 61 Greenville metro neighborhoods, supporting stable collections and lease retention, according to WDSuite’s CRE market data.
Located in an Inner Suburb setting of Greenville, the property benefits from a renter base that is meaningful yet not saturated. The neighborhood s share of renter-occupied units indicates steady multifamily demand, while the broader 3-mile area shows renters and owners near parity, which helps sustain a diverse tenant pipeline and supports occupancy stability across cycles.
Schools are a relative strength: the neighborhood s average school rating is in the top quartile nationally and ranks competitively against 61 metro neighborhoods, which can bolster family-oriented demand and lease duration. Amenities within the immediate neighborhood are limited, so residents typically rely on near-by corridors for daily needs; investors should factor modest drive-time convenience into leasing narratives and resident experience planning.
Rents trend mid-market for Greenville and, combined with a rent-to-income profile that is more favorable than many higher-cost metros, provide room for disciplined revenue management rather than aggressive near-term pushes. The neighborhood s occupancy performance places it above the metro median historically, and current readings remain strong, according to CRE market data from WDSuite.
Construction trends skew relatively new in this part of Greenville (average vintage around 2010). With a 2007 build, the asset is slightly older than nearby stock, suggesting routine capital planning for systems and finishes could unlock value-add potential while maintaining competitive positioning against newer comparables.
Within a 3-mile radius, households have grown even as average household size has edged lower, and forecasts call for additional household growth by mid-decade. For investors, that combination typically expands the tenant base and supports consistent absorption of well-managed units.
Safety indicators are mixed but broadly comparable to the metro middle. The neighborhood s overall crime rank sits near the center of 61 Greenville metro neighborhoods, and national comparisons point to property crime that is relatively more moderate while violent crime trends closer to the national middle. Recent year-over-year changes show some uptick, so investors should underwrite ongoing lighting, access control, and resident engagement to maintain stability.
2201 Bellamy Cir offers 22 units with larger-than-typical average layouts (about 1,090 sq. ft.), positioning the asset for roommate and family demand segments. Neighborhood occupancy is strong relative to the metro, and a balanced renter-occupied share supports depth of demand. The 2007 vintage is slightly older than the neighborhood s newer tilt, creating a straightforward value-add path through targeted interior updates and preventive systems maintenance.
Within a 3-mile radius, households have increased and are projected to expand further by mid-decade, which generally supports tenant base growth and steady leasing velocity. Homeownership costs in the area remain accessible by national standards, which can moderate pricing power; however, mid-market rents and solid school positioning help sustain retention and occupancy, according to CRE market data from WDSuite.
- Strong neighborhood occupancy relative to metro supports stable collections
- Larger average unit sizes widen appeal to roommates and families
- 2007 construction offers value-add via selective interior and systems updates
- 3-mile household growth outlook underpins ongoing tenant demand
- Risk: relatively accessible homeownership locally may temper near-term rent growth