| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 52nd | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 925 Spring Forest Rd, Greenville, NC, 27834, US |
| Region / Metro | Greenville |
| Year of Construction | 2001 |
| Units | 25 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
925 Spring Forest Rd, Greenville NC Multifamily
Inner-suburban location with a deep renter base and neighborhood occupancy in the high-80s supports steady leasing, according to WDSuite's CRE market data.
Positioned in an Inner Suburb of Greenville, this address sits in a neighborhood rated "A" and ranked 6th among 61 metro neighborhoods — competitive locally and supported by balanced amenity access for daily needs. Restaurant, cafe, childcare, and pharmacy density trends above the metro median, while park access is limited.
Neighborhood occupancy is approximately 88.6%, indicating stable but improvable performance versus stronger Greenville sub-areas. At the property level, the 2001 vintage is somewhat older than the neighborhood's average construction year (2008), which points to potential value-add through targeted renovations and systems updates to sharpen competitive positioning versus newer stock.
Tenure patterns are favorable for multifamily: at the neighborhood level, an estimated 56.8% of housing units are renter-occupied (high nationally), signaling a broad tenant base and potential leasing depth. Within a 3-mile radius, households have increased while average household size has trended lower, expanding the number of households and supporting demand for smaller formats and efficient floor plans.
On affordability, neighborhood rent levels are moderate in the Greenville context and rent-to-income ratios near 0.18 can support retention and occupancy management. Median home values locally are lower than many national peers, which may introduce some competition from ownership, but renter reliance remains supported by income mix and the neighborhood's renter concentration. These dynamics indicate steady performance potential rather than outsized pricing power, based on CRE market data from WDSuite.
School ratings in the immediate area trend low on average, which may modestly constrain appeal for family renters relative to other Greenville neighborhoods; however, proximity to everyday amenities and employment corridors can help sustain demand among workforce and student-adjacent renter segments.
Safety conditions are mixed relative to national benchmarks. By national comparison, estimated property and violent offense levels are below the national median for safety, but recent trends show meaningful improvement. Year over year, the neighborhood's estimated property offenses declined about 39.6% and violent offenses declined roughly 41.8% — improvements that are competitive among Greenville's 61 neighborhoods. The trend supports leasing stability if it continues, while current levels still warrant prudent risk management and security best practices.
The location serves a broad workforce renter base tied to healthcare, education, and service employment across Greenville's inner-suburban corridors, supporting commute convenience and day-to-day leasing stability.
A 25-unit, small-format asset in an Inner Suburb ranked 6th of 61 metro neighborhoods offers durable renter demand and a practical value-add path. Neighborhood occupancy around the high-80s, a high renter concentration locally, and household growth within a 3-mile radius point to a sizable tenant base and support for steady lease-up and retention.
Built in 2001, the property is slightly older than the neighborhood average vintage and can benefit from selective renovations and system updates to compete with newer supply. Moderate neighborhood rents and manageable rent-to-income levels support leasing, while targeted upgrades may unlock incremental rent and occupancy gains, according to WDSuite's commercial real estate analysis.
- Strong renter demand: high renter-occupied share locally and rising household counts within 3 miles support a broad tenant base.
- Value-add angle: 2001 vintage relative to a newer neighborhood average suggests upside from renovations and modernization.
- Leasing fundamentals: neighborhood occupancy in the high-80s with moderate rents supports retention with room to improve.
- Key risks: safety levels below national median and low average school ratings; limited park access and potential competition from ownership options.