| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 42nd | Fair |
| Amenities | 51st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 345 E Harris Pl, Eden, NC, 27288, US |
| Region / Metro | Eden |
| Year of Construction | 2008 |
| Units | 40 |
| Transaction Date | 2006-10-06 |
| Transaction Price | $132,000 |
| Buyer | HARRIS POINTE LLC |
| Seller | OSBORNE INVESTMENTS LLC |
345 E Harris Pl Eden NC Multifamily Investment
Neighborhood occupancy remains competitive and trending upward, supporting stable renter demand around Eden, according to WDSuite s CRE market data. The area s renter-occupied share suggests a durable tenant base for a 40-unit asset.
Eden s inner-suburb location offers everyday conveniences that matter to renters grocery and pharmacy access score well within the metro, while restaurants and cafes are present at levels comparable to broader U.S. norms. Parks and formal childcare options are limited nearby, a trade-off investors should weigh when positioning amenities and resident services.
The neighborhood ranks 56 out of 245 Greensboro High Point neighborhoods (A- rating), placing it above the metro median for overall fundamentals. Neighborhood occupancy is 94.7% with a rank of 68 out of 245 competitive among Greensboro High Point neighborhoods and above the national median percentile, indicating healthy absorption and reduced exposure to prolonged vacancy relative to weaker submarkets.
Tenure patterns indicate a renter-occupied share near 50.7% (rank 40 of 245), pointing to a deep and reliable tenant pool a constructive backdrop for multifamily demand and retention. Home values in the area are modest for the region, and the value-to-income ratio trends high versus national peers (73rd percentile), which tends to sustain reliance on rental housing and supports pricing power without overreliance on aggressive concessions. Simultaneously, rent-to-income near 0.11 sits around the national upper-middle percentile, suggesting manageable affordability pressure and giving operators room to prioritize lease management over discounting.
Demographic statistics aggregated within a 3-mile radius show modest population growth over the last 5 years alongside a small increase in households. Forward-looking estimates point to continued population growth and a larger household base by 2028, which should expand the local renter pool and help underpin occupancy stability. The property s 2008 vintage is newer than the neighborhood s average 1974 construction year, providing a competitive edge versus older stock, though investors should still budget for mid-life system updates and potential cosmetic repositioning.
Safety indicators present a mixed picture that investors should contextualize. Within the Greensboro High Point metro, the neighborhood s crime rank is 2 out of 245, which places it among the higher-crime areas locally. At the same time, national comparisons are more favorable: the neighborhood sits around the 80th percentile for overall safety and roughly the 92nd percentile on violent-offense measures versus neighborhoods nationwide.
Recent trajectory is constructive. Estimated property offenses declined about 43% year over year, and violent-offense rates also trended lower, according to WDSuite s CRE market data. For underwriting, this implies the need for prudent security measures and resident engagement, while recognizing improvements that can support leasing stability and retention.
Regional employment anchors within commuting range including VF, Laboratory Corp. of America, Hanesbrands, Reynolds American, and BB&T support renter demand through a diverse mix of headquarters and corporate roles.
- VF apparel HQ & corporate (25.7 miles) HQ
- Laboratory Corp. of America diagnostics HQ & corporate (31.8 miles) HQ
- Hanesbrands apparel HQ & corporate (36.3 miles) HQ
- Reynolds American consumer goods corporate (39.4 miles) HQ
- BB&T Corp. financial services corporate (39.6 miles) HQ
345 E Harris Pl offers investors a 2008-vintage, 40-unit asset positioned in an inner-suburb neighborhood that performs above the metro median on overall fundamentals. Neighborhood occupancy is competitive among Greensboro High Point peers and trends above national midpoints, while a renter-occupied share near half of units supports depth of demand and leasing stability. According to CRE market data from WDSuite, ownership costs in the area run comparatively high relative to incomes, which tends to reinforce multifamily reliance and supports steady absorption.
The property s newer-than-average vintage versus the local 1970s-era stock suggests relative competitiveness and light value-add potential through unit modernization and mid-life system updates. Demographic statistics within a 3-mile radius indicate gradual population gains and rising household counts with forecasts calling for further expansion, pointing to a larger tenant base over the next several years.
- Competitive neighborhood occupancy with rising trend supports reduced downtime risk.
- Renter-occupied share near half of units indicates a durable tenant pool and stable demand.
- 2008 vintage outpositions older local stock; value-add via modernization and system refreshes.
- 3-mile demographics show population and household growth, expanding the renter base.
- Risks: metro-relative crime rank warrants security planning; limited parks/childcare may affect family appeal; smaller-market depth requires disciplined leasing and expense control.