| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 44th | Fair |
| Amenities | 19th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1235 Norman Dr, Eden, NC, 27288, US |
| Region / Metro | Eden |
| Year of Construction | 1987 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1235 Norman Dr, Eden NC Multifamily Investment
Stabilized neighborhood fundamentals and a relatively newer 1987 vintage position this 40-unit asset for steady operations, according to WDSuite’s CRE market data. In a value-oriented submarket, investors can target durable occupancy with disciplined expense control and modest upgrades informed by commercial real estate analysis.
Eden’s neighborhood context skews rural with a C+ neighborhood rating, ranking below the metro median (154 out of 245 Greensboro–High Point neighborhoods). Amenity access is limited overall (amenities score sits in lower national percentiles), though grocery presence is closer to the national midpoint, which supports basic daily needs. School quality trends below national averages, which may shape tenant profiles and leasing narratives rather than day-to-day demand.
Rents in the neighborhood sit in the lower national quartiles, reinforcing a value proposition for renters and supporting occupancy through affordability. The neighborhood occupancy rate is near the national midpoint and has improved over five years, indicating stable renter demand without outsized volatility, based on CRE market data from WDSuite. The share of housing units that are renter-occupied is just above the national midpoint, suggesting a moderate renter concentration and a reasonably deep tenant base for multifamily.
The property’s 1987 construction is newer than the neighborhood’s average vintage (1960s era). That positioning can be competitively advantageous versus older stock, while still warranting targeted modernization of systems and interiors to preserve leasing competitiveness and manage CapEx over the hold.
Demographic statistics aggregated within a 3-mile radius indicate modest population growth and a small increase in households over recent years, with forecasts pointing to further renter pool expansion. In a market where ownership remains attainable in many segments, this supports steady demand for well-operated workforce-oriented units rather than outsized rent premiums, a useful anchor for multifamily property research.
Neighborhood-level crime metrics are not available in the provided dataset for this location. Investors typically benchmark safety by comparing the subject’s immediate area with broader county and metro trends and validating on-site. Use consistent underwriting assumptions across comparable rural Greensboro–High Point submarkets and update during due diligence as local data becomes available.
Regional headquarters across apparel, healthcare diagnostics, and consumer industries provide a diversified employment base within commuting distance, supporting renter demand and lease retention for workforce-oriented units. The list below highlights nearby headquarters that can underpin steady tenancy.
- VF — apparel HQ (25.2 miles) — HQ
- Laboratory Corp. of America — healthcare diagnostics (33.3 miles) — HQ
- Hanesbrands — apparel (33.7 miles) — HQ
- Reynolds American — consumer products (37.1 miles) — HQ
- BB&T Corp. — financial services (37.3 miles) — HQ
This 40-unit, 1987-built asset offers a pragmatic value-oriented thesis: neighborhood rents benchmark in lower national quartiles while occupancy trends near the national midpoint, creating room to drive consistent collections with disciplined expense management. The vintage is newer than much of the surrounding stock, presenting a relative edge versus older assets while leaving scope for targeted renovations to enhance unit quality and protect pricing power over time.
Demographics aggregated within a 3-mile radius point to modest population growth and an increasing household base over the next five years, supporting a gradually expanding tenant pool and occupancy stability. According to CRE market data from WDSuite, renter concentration in the neighborhood is around the national midpoint, which helps sustain demand without overexposure to turnover risk typical of highly transient pockets. Execution should focus on light value-add, operational efficiency, and calibrated rent setting aligned with the submarket’s value positioning.
- Competitive 1987 vintage versus older neighborhood stock with targeted modernization potential
- Value-oriented rents support steady absorption and retention rather than premium-dependent growth
- 3-mile demographics indicate a gradually expanding renter pool, supporting occupancy stability
- Proximity to major regional headquarters underpins diversified employment demand
- Risks: amenity-light rural setting and below-median metro ranking may temper rent growth; maintain conservative underwriting