| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 69th | Best |
| Amenities | 65th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3306 Evans St, Greenville, NC, 27834, US |
| Region / Metro | Greenville |
| Year of Construction | 1988 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3306 Evans St, Greenville NC Multifamily Investment
Neighborhood-level occupancy remains high with a strong renter base and accessible rents, supporting stable collections according to WDSuite’s CRE market data. The property sits in an inner-suburban area where amenity access and relative affordability underpin steady demand.
Located in Greenville’s inner suburbs, the neighborhood carrying 3306 Evans St is rated A+ and ranks 2 out of 61 metro neighborhoods, indicating competitive fundamentals among Greenville submarkets. Amenity access is a contributor: restaurants rank 3rd of 61 locally (90th percentile nationally), with grocery and pharmacy options also above the metro median. Park access is limited, which may modestly affect outdoor-recreation appeal.
For investors, neighborhood-level occupancy is 97.3% (top quartile nationally), a signal of demand resilience that can support pricing and retention through cycles. Median contract rents in the neighborhood remain comparatively accessible and, coupled with a rent-to-income ratio around 0.11, point to manageable affordability pressure for tenants—favorable for lease management and renewal rates.
Tenure signals are balanced. Within the neighborhood, 44.9% of housing units are renter-occupied, offering a meaningful tenant base without excessive concentration. Zooming out, demographics aggregated within a 3-mile radius show households increased modestly even as population dipped, implying smaller household sizes and continued dependence on multifamily options. Forward projections anticipate growth in households, suggesting a larger tenant pool that can help sustain occupancy.
Ownership costs appear elevated for many buyers relative to incomes in this area (home values are higher in context and the value-to-income ratio ranks well above the metro median), which typically reinforces reliance on rental housing. Combined with stable neighborhood occupancy and service-oriented amenities, these dynamics are supportive of steady multifamily operations.
Safety conditions should be evaluated with standard diligence. Compared with Greenville’s 61 neighborhoods, recent data indicate property crime has been elevated in this area; national comparisons place the neighborhood below the national median for safety. However, year-over-year trends show notable declines in both property and violent offense estimates, indicating recent improvement momentum.
For underwriting, investors may consider measures such as lighting, access control, and insurance assumptions consistent with an inner-suburban asset where crime levels have been higher than many metro peers but are improving. Comparisons should be made against submarket peers to calibrate expectations and operating expenses.
This 24-unit asset sits in one of Greenville’s stronger-performing neighborhoods, where amenity depth, high neighborhood-level occupancy, and a meaningful renter concentration support stable operations. Neighborhood rent-to-income levels suggest manageable affordability pressure, while higher ownership costs in context tend to sustain renter demand and aid retention. Based on commercial real estate analysis from WDSuite, these fundamentals align with steady leasing and pragmatic rent growth management.
Demographic data aggregated within a 3-mile radius point to a larger near-term renter pool as household counts expand, supporting occupancy stability. Limited park access and a history of elevated property crime are underwriting considerations, but recent safety trends have improved, and service-oriented amenities (restaurants, groceries, pharmacies) remain a draw for renters.
- High neighborhood-level occupancy supports income stability
- Balanced renter-occupied share and growing 3-mile household counts expand the tenant base
- Amenity-rich inner suburb with strong restaurant and grocery access aids leasing and retention
- Ownership costs in context reinforce reliance on multifamily housing, supporting pricing power
- Risks: historically higher property crime and limited park access call for prudent security and expense planning