| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 67th | Best |
| Demographics | 63rd | Good |
| Amenities | 35th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 705 Patton Cir, Winterville, NC, 28590, US |
| Region / Metro | Winterville |
| Year of Construction | 1992 |
| Units | 21 |
| Transaction Date | 2007-03-23 |
| Transaction Price | $550,000 |
| Buyer | CP PLUS 2 LLC |
| Seller | ALDI LLC |
705 Patton Cir Winterville Multifamily Investment Opportunity
Neighborhood occupancy is strong and renter demand is supported by a meaningful renter-occupied housing base, according to WDSuite’s CRE market data, suggesting stable leasing dynamics for a 21-unit asset in Winterville, NC.
Positioned in Winterville’s inner-suburban fabric of the Greenville, NC metro, the property benefits from a neighborhood rated A and performing near the top of the metro on several renter-demand indicators. Neighborhood occupancy is 97.9% (top quartile among 61 metro neighborhoods), reinforcing expectations for steady renewal and lease-up potential for comparable multifamily.
Amenity access is serviceable for daily needs: restaurants and cafes are comparatively dense for the metro and sit above many neighborhoods nationally, while groceries track around typical levels. Park and pharmacy access is limited, so residents are more reliant on broader Greenville-area destinations for recreation and services—important for operators planning resident engagement and transportation conveniences.
Schools in the neighborhood score well for the metro (ranked 1st among 61 neighborhoods and top tier nationally), a factor that can support family-oriented renter retention. Median home values are elevated enough to sustain reliance on rental options, yet not so high as to remove competition from entry-level ownership—translating to balanced pricing power rather than outsized premiums.
Tenure patterns indicate a substantial share of renter-occupied housing units, which broadens the tenant base. Within a 3-mile radius, recent years show essentially flat household counts alongside a slight population dip, but forecasts point to meaningful household growth and smaller average household sizes by 2028—signaling renter pool expansion that can support occupancy stability over the medium term, based on CRE market data from WDSuite.
Safety conditions are mixed. Relative to neighborhoods nationwide, the area sits below the national median for safety, but recent trends show notable improvement in violent offenses even as property offenses have ticked up. Within the Greenville metro context, the neighborhood’s overall crime positioning is around the middle of the pack, so investors should underwrite routine security measures and loss-prevention practices without assuming either unusually high risk or outlier safety.
For planning, recent data indicate a year-over-year decline in violent offenses (strong improvement by national comparison) alongside an increase in property offenses. That divergence argues for practical interventions such as lighting, camera coverage, and package management to support resident experience and asset protection.
Built in 1992, the asset is slightly older than the neighborhood’s average vintage, presenting manageable capital planning needs and potential for targeted value-add—particularly in unit interiors and systems—while still competing effectively in a largely stabilized renter market. Neighborhood occupancy is strong and the share of renter-occupied housing units supports depth of demand, positioning a 21‑unit community for consistent leasing performance.
Within a 3-mile radius, forecasts indicate household growth with smaller average household sizes by 2028, which can expand the renter pool and support occupancy stability. According to CRE market data from WDSuite, local amenities are adequate, schools are a relative strength, and ownership costs are high enough to sustain rental reliance without eliminating competition from entry-level buyers—suggesting balanced rent growth expectations rather than outsized swings.
- High neighborhood occupancy and meaningful renter concentration support leasing stability
- 1992 vintage offers value-add potential in interiors and building systems
- Strong local school ratings can aid family-oriented retention and renewals
- Forecast household growth and smaller household sizes expand the renter pool
- Risk: mixed safety signals with recent property offense uptick; plan for security measures