| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 45th | Fair |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 400 S Holly St, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 2005 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
400 S Holly St Greenville Multifamily Investment
Renter concentration in the surrounding neighborhood is high, supporting a deep tenant base, according to WDSuite’s CRE market data. Amenity density and dining options are competitive for the metro, which can aid leasing and retention.
Located in Greenville’s inner suburb fabric, the area around 400 S Holly St shows solid day-to-day convenience for renters. Restaurant density ranks 1 out of 61 metro neighborhoods (top quartile nationally), with grocery access ranked 4 of 61 and cafes 2 of 61, indicating a walk-to-needs environment that typically supports leasing velocity. Park access also ranks 1 of 61, while childcare and pharmacy counts rank 61 of 61, suggesting residents may rely on nearby districts for certain services. These neighborhood-level metrics reflect the neighborhood, not the property.
Multifamily demand is reinforced by a high share of renter-occupied housing units in the neighborhood (ranked 8 of 61; top quartile nationally), signaling depth in the tenant pool. By contrast, neighborhood occupancy ranks 54 of 61 (below metro median), pointing to competitive conditions where active asset management and pricing discipline matter. Median home values sit in a lower national percentile, while the value-to-income ratio is in a high national percentile, a combination that can sustain reliance on rental options and support tenant retention.
Within a 3-mile radius, the current population has edged slightly lower over five years while household counts increased, indicating smaller average household sizes and a larger renter pool. Forecasts through 2028 point to additional growth in households and higher median incomes, which can expand the renter base and support occupancy stability. Median contract rents in the immediate neighborhood are mid-range for the U.S., per WDSuite’s commercial real estate analysis, aligning with workforce-oriented demand.
The property’s 2005 construction positions it ahead of older area stock for basic systems and finishes, while still leaving room for selective modernization or value-add programming to enhance competitive positioning against newer deliveries. Investors should consider capital planning that targets unit interiors and common-area updates to capture demand in a renter-heavy submarket.
Safety metrics for the neighborhood are mixed relative to metro and national benchmarks. Overall crime sits below national averages (national percentile in the 30s to low 40s), and the neighborhood ranks 43 out of 61 within the Greenville metro—below the metro median—so prudent operating practices are warranted. Notably, WDSuite’s data shows a year-over-year decline in violent offenses with improvement in the upper quartile nationally, while property offenses have eased modestly. These figures describe neighborhood trends, not conditions at the property itself.
400 S Holly St offers exposure to a renter-heavy neighborhood with strong amenity access and dining density that ranks at or near the top among 61 Greenville neighborhoods—factors that typically support leasing and renewal momentum. According to CRE market data from WDSuite, neighborhood occupancy trends are below the metro median, so returns hinge on disciplined operations, competitive finishes, and effective leasing. The 2005 vintage provides a mid-2000s systems baseline with potential for targeted value-add to sharpen positioning against both older stock and newer builds.
Within a 3-mile radius, households have grown even as population has softened, and forecasts call for additional household expansion alongside rising incomes—signals that can enlarge the tenant base and support occupancy stability. A high neighborhood share of renter-occupied units and ownership costs that remain elevated relative to incomes reinforce sustained reliance on rental housing, aiding demand depth while still requiring attention to affordability and pricing power.
- Renter-heavy neighborhood supports a deep tenant base and steady leasing
- Top-ranked amenity and dining access among 61 metro neighborhoods aids retention
- 2005 vintage with room for selective modernization and value-add
- 3-mile household growth and income gains point to larger renter pool
- Risks: below-median neighborhood occupancy and mixed safety metrics require active management