| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 52nd | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3200 Moonlight Way, Greenville, NC, 27834, US |
| Region / Metro | Greenville |
| Year of Construction | 2012 |
| Units | 51 |
| Transaction Date | 2012-03-19 |
| Transaction Price | $679,000 |
| Buyer | ELLSWORTH COMMONS LLC |
| Seller | SYNERGY PROPERTIES LLC |
3200 Moonlight Way Greenville Multifamily Investment
Situated in an A-rated inner-suburb of Greenville, the asset benefits from a majority renter-occupied housing base and steady neighborhood occupancy, according to WDSuite’s CRE market data. Newer stock for the area supports leasing competitiveness while offering scope for targeted value-add.
This Greenville, NC address sits in a neighborhood ranked 6th of 61 in the metro (top quartile among 61 metro neighborhoods), signaling strong local fundamentals for multifamily. The area’s amenity access trends above the national median, with restaurants and cafes performing in the top quartile nationally, which supports day-to-day convenience and helps with resident retention.
The property’s 2012 vintage is newer than the neighborhood’s average construction year (2008). For investors, this positioning typically enhances competitiveness versus older stock, while still warranting routine capital planning for building systems and selective modernization to drive rent premiums.
Neighborhood occupancy is in the high-80s, and the renter-occupied share is a majority, indicating a deep tenant base and demand stability for professionally managed units. Within a 3-mile radius, households have increased over the past five years and are projected to grow further, with household sizes trending smaller — dynamics that expand the renter pool for 1–2 bedroom product and support occupancy stability.
Home values in the neighborhood track below national averages, which can introduce more attainable ownership options. For multifamily owners, this underscores the need for disciplined pricing and amenity differentiation, but the rent-to-income profile suggests manageable affordability pressure, supporting renewals when lease management is proactive.
Amenities that matter to renters are present: pharmacies and childcare access rank above national medians, complementing the strong food-and-beverage density. Park access is limited locally, so on-site open space or nearby private amenities can be a differentiator. Average school ratings trend below national norms, which may temper appeal for some households but has less impact on typical renter cohorts in workforce and young professional segments.
Safety indicators are mixed in context. Relative to Greenville’s 61 neighborhoods, the area sits below the metro median for safety (crime rank 16 of 61, where lower ranks indicate more crime). Nationally, composite crime measures are around the mid-range, and both property and violent offense rates have recorded notable year-over-year declines, supporting an improving trajectory.
According to WDSuite, estimated property offenses fell about 39.6% year over year and violent offenses declined roughly 41.8% year over year. For investors, this downward trend reduces operational risk over time, though prudent security planning and resident engagement remain important to sustain leasing performance.
This 51-unit property, built in 2012, offers a competitive vintage relative to nearby stock and benefits from a neighborhood that ranks in the top quartile within the Greenville metro. A majority renter-occupied housing base and steady neighborhood occupancy support tenant depth and leasing durability, while amenity access outperforms national medians in key daily-needs categories. According to CRE market data from WDSuite, the surrounding 3-mile area shows population growth with faster household growth and smaller household sizes, pointing to renter pool expansion that can support occupancy and rent trade-outs.
Balanced against these positives are operational considerations: local school ratings trend below national averages, park access is limited, and safety sits below the metro median despite recent year-over-year improvements. Together, these factors argue for disciplined asset management and targeted value-add to strengthen retention and pricing power.
- Competitive 2012 vintage versus area stock, with modernization upside
- Majority renter-occupied housing supports a deep tenant base and stable demand
- Household growth and smaller household sizes within 3 miles reinforce multifamily leasing
- Amenity access above national medians aids retention and daily convenience
- Risks: below-median metro safety, limited park access, and lower school ratings call for focused operations