| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 44th | Fair |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1227 Norman Dr, Eden, NC, 27288, US |
| Region / Metro | Eden |
| Year of Construction | 1983 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1227 Norman Dr, Eden NC Multifamily Investment
Neighborhood occupancy is around the metro average and supported by a stable renter base within a 3-mile radius, according to WDSuite’s CRE market data. Forward population and household growth locally point to steady demand for well-managed units.
Eden sits within the Greensboro–High Point metro and this address is in a Rural neighborhood rated C+. The area’s occupancy level is reported at 90.7%, roughly in line with broader metro conditions, suggesting baseline stability for operators keeping units well maintained and appropriately priced.
Vintage positioning is a relative strength: the property’s 1983 construction is newer than the neighborhood’s older housing stock (average year built skewing to the 1960s). For investors, that typically means more competitive appeal versus mid‑century assets, while still planning for aging systems and targeted modernization to support rentability.
Livability is serviceable but lean on destination amenities. Neighborhood amenity measures sit below national medians (amenity percentile near the bottom quintile), with limited restaurants and cafes, but grocery access is more balanced relative to peers. Average school ratings trend below national averages; investors may prioritize value, management, and unit finishes over school-driven demand.
Tenure dynamics point to a meaningful renter pool. Within a 3‑mile radius, an estimated 43% of housing units are renter‑occupied, creating a workable depth of demand for a 31‑unit asset. Population and family counts in this radius have inched up in recent years, with forecasts indicating additional population growth and more households—factors that can support occupancy stability and lease retention. Neighborhood median contract rents remain lower than major metros, and rent-to-income ratios track on the low side locally, which can aid collections and reduce turnover risk while moderating near‑term pricing power.
Comparable, neighborhood-specific crime metrics are not available in WDSuite’s dataset for this location. Investors typically benchmark property operations using city and county trends alongside on-the-ground diligence, focusing on measures such as lighting, access control, and resident screening to support leasing and retention.
Regional employment is anchored by several corporate headquarters within commuting range, supporting renter demand for workforce housing and lease stability. The most relevant nearby employers include VF, Labcorp, Hanesbrands, Reynolds American, and BB&T Corp.
- VF — apparel (25.3 miles) — HQ
- Laboratory Corp. of America — diagnostics (33.3 miles) — HQ
- Hanesbrands — apparel (33.8 miles) — HQ
- Reynolds American — tobacco (37.1 miles) — HQ
- BB&T Corp. — banking (37.4 miles) — HQ
This 31‑unit, 1983‑vintage asset at 1227 Norman Dr benefits from neighborhood occupancy around the metro average and a renter base that extends across the 3‑mile trade area. The building’s vintage is newer than much of the local stock, offering competitive positioning with scope for targeted upgrades to support rentability and retention. Based on CRE market data from WDSuite, rent levels and rent‑to‑income ratios in the area remain relatively manageable, which can favor collections and lease stability while implying measured rent growth expectations.
Forward-looking demographics indicate population growth and a projected increase in households within 3 miles, expanding the tenant base over time. Regional employers within commuting distance add support to demand for workforce housing. Key risks include thinner neighborhood amenities and below‑average school ratings, which place a premium on unit quality, professional management, and disciplined underwriting.
- 1983 construction is newer than area stock, with value‑add and systems planning opportunities
- Neighborhood occupancy near metro averages supports baseline stability with competent operations
- 3‑mile radius shows population and household growth, expanding the renter pool over time
- Manageable rent‑to‑income dynamics support collections and retention, with measured pricing power
- Risks: lean neighborhood amenities and modest school ratings require strong management and conservative underwriting