| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 69th | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3300 Evans St, Greenville, NC, 27834, US |
| Region / Metro | Greenville |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3300 Evans St Greenville NC Multifamily Investment
Occupancy in the surrounding neighborhood has been resilient with stable renter demand, according to WDSuite’s CRE market data. For investors, this points to durable cash flow potential relative to comparable Greenville submarkets.
The property sits in an Inner Suburb neighborhood rated A+ and competitive among Greenville neighborhoods (ranked 2 out of 61 overall). Neighborhood occupancy is strong and has trended upward over the last five years, placing the area in the top quartile nationally for stability — a constructive backdrop for maintaining lease-up and retention.
Renter-occupied housing accounts for roughly 44.9% of units in the neighborhood, indicating a meaningful tenant base for multifamily. Median contract rents here are relatively attainable versus local incomes, and the rent-to-income ratio is modest, which can support resident retention and steady collections.
Daily-life amenities are a local strength: restaurants, cafes, groceries, and pharmacies are present at levels that compare favorably both in the metro (e.g., restaurants ranked 3rd of 61) and against national benchmarks. Park access is limited, which may slightly temper lifestyle appeal, but core retail and services help sustain convenience-led demand.
Within a 3-mile radius, demographics show households have inched higher despite a slight population dip, and forecasts point to additional household growth with smaller average household sizes. This shift typically expands the renter pool and can support occupancy stability, based on CRE market data from WDSuite.
Ownership costs are elevated for the Greenville market (home values rank 3rd of 61 neighborhoods), which tends to reinforce reliance on rental options and supports pricing power for well-managed properties without necessarily pushing turnover.
Safety conditions are mixed. Relative to the Greenville metro, the neighborhood’s crime rank (23 out of 61) indicates higher-than-average incident rates; nationally, it sits below the median for safety. However, year-over-year trends show meaningful improvement, with both property and violent offense estimates declining at rates that outpaced many neighborhoods nationwide. Investors should underwrite with conservative assumptions while noting the improving trajectory.
This 24-unit asset benefits from a neighborhood with strong occupancy, a sizable renter base, and day-to-day convenience that supports leasing durability. Attainable rents relative to incomes, coupled with elevated ownership costs in the immediate area, suggest depth of demand and potential pricing resilience as leases roll. According to CRE market data from WDSuite, the submarket compares favorably in occupancy versus metro and national benchmarks, reinforcing cash flow stability.
Forward-looking household growth within 3 miles and smaller projected household sizes point to a broader tenant base over time. Key considerations include limited park access and a safety profile that, while improving, warrants prudent management and security planning.
- Neighborhood occupancy in the top quartile nationally supports lease stability
- Renter concentration and attainable rents indicate depth of tenant demand
- Elevated ownership costs locally reinforce reliance on multifamily rentals
- Amenity access (food, groceries, services) underpins convenience-driven retention
- Risks: limited park access and a safety profile that requires active management