| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 55th | Good |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 98 Brookwood Dr, Greenville, NC, 27858, US |
| Region / Metro | Greenville |
| Year of Construction | 1980 |
| Units | 22 |
| Transaction Date | 2014-09-25 |
| Transaction Price | $275,000 |
| Buyer | RIVERS EDGE EAST LLC |
| Seller | ALPHA LLC |
98 Brookwood Dr, Greenville NC Multifamily
Renter demand is supported by a high renter-occupied housing share and strong daily-needs access, while neighborhood occupancy runs below the metro median, according to CRE market data from WDSuite.
This suburban Greenville neighborhood carries an A rating and ranks 5th out of 61 metro neighborhoods, placing it in the top quartile locally for overall fundamentals. Daily-needs access is a relative strength: grocery and pharmacy density both rank 1st of 61, and restaurants are competitive at 5th of 61. Cafes and parks are sparse (both ranked 61st of 61), so lifestyle convenience skews toward essentials rather than recreation or third places.
Built in 1980, the property’s vintage suggests investors should plan for systems modernization and selective renovations, creating potential value-add avenues and improved competitive positioning against newer stock.
Unit tenure data indicates a deep renter base: the neighborhood’s share of renter-occupied housing units ranks 3rd of 61 and sits near the 99th percentile nationally. This supports a wider tenant funnel, though lease-up and retention strategies should account for the neighborhood’s lower occupancy level (80.7%; 56th of 61 and below the national median percentile) to mitigate vacancy risk.
Demographic statistics within a 3-mile radius show a large 18–34 cohort and modest household growth even as population recently edged down, implying smaller household sizes and sustained rental demand. Looking ahead to 2028, population is projected to grow modestly and household counts are expected to expand further, which can support occupancy stability and leasing velocity.
Rents trend on the accessible side for the metro, with median contract rent and a rent-to-income ratio around one-quarter. This affordability profile can aid tenant retention and pricing power management, particularly for well-maintained units, based on WDSuite’s commercial real estate analysis benchmarks.
Safety indicators are mixed in context. Within the Greenville metro, the neighborhood’s crime rank is 9th out of 61, placing it among higher-crime areas locally. Nationally, overall conditions sit slightly above the median. Recent trends are constructive: estimated violent and property offenses declined year over year, with the pace of improvement ranking in the stronger tier among metro neighborhoods, according to WDSuite’s CRE market data.
For underwriting, this suggests monitoring property-level security measures and resident experience while acknowledging improving trend lines. Comparative positioning versus other Greenville subareas remains a consideration for leasing and renewal strategies.
At 22 units with average floor plans around 608 sq. ft., 98 Brookwood Dr fits the workforce housing niche in a neighborhood that ranks top quartile among 61 Greenville metro neighborhoods. A high concentration of renter-occupied housing units supports a deep tenant pool, while accessible rents and a rent-to-income ratio near one-quarter can aid renewal and pricing discipline. Built in 1980, the asset offers value-add potential through targeted interior and systems upgrades to strengthen competitiveness.
Forward-looking demographics within a 3-mile radius point to modest population growth and a larger household count by 2028, expanding the renter pool and supporting occupancy stability. According to CRE market data from WDSuite, daily-needs access is a local advantage (strong grocery, pharmacy, and restaurant density), though neighborhood occupancy trails the metro median, warranting hands-on leasing and asset management.
- Deep renter base (high renter-occupied share) supports leasing velocity and renewal depth.
- 1980 vintage allows targeted renovations for value-add and rent repositioning.
- Strong daily-needs access (top local ranks for grocery and pharmacy) enhances livability and retention.
- Growing household counts within 3 miles expand the future renter pool and support occupancy stability.
- Risk: neighborhood occupancy sits below the metro median; proactive leasing and turn management are important.