| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Good |
| Demographics | 39th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2101 N William St, Goldsboro, NC, 27530, US |
| Region / Metro | Goldsboro |
| Year of Construction | 2001 |
| Units | 41 |
| Transaction Date | 2001-02-01 |
| Transaction Price | $100,000 |
| Buyer | --- |
| Seller | --- |
2101 N William St, Goldsboro NC Multifamily Investment
Positioned in an inner-suburb pocket of Goldsboro with steady renter demand and a renter-occupied share near half of local housing, this asset offers durable cash flow potential. Neighborhood fundamentals are supported by balanced rents and everyday amenities, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb neighborhood of Goldsboro rated A and ranked 7 out of 54 metro neighborhoods, indicating competitive positioning among Goldsboro locations. Everyday convenience is a strength: grocery and pharmacy access track above metro medians, while cafes and parks are relatively sparse—suggesting serviceable daily needs but fewer lifestyle amenities. For investors, that mix typically supports workforce housing demand rather than premium lifestyle rent premiums.
Renter-occupied housing accounts for roughly half of neighborhood units (above the national share by percentile), pointing to a deep tenant base and supportive leasing velocity. Neighborhood occupancy trends are stable in context but sit below national medians by percentile, so pro forma assumptions should emphasize resident retention and conservative lease-up timelines rather than aggressive turnover strategies.
Vintage is 2001, slightly newer than the neighborhood’s average construction year of 1997. That relative youth can enhance competitive positioning versus older stock, though capital planning should account for aging systems and targeted modernization to sustain rentability and reduce downtime.
Within a 3-mile radius, recent population change has been soft while household counts edged up and are projected to grow further through 2028. This pattern reflects smaller average household sizes and can expand the renter pool, supporting occupancy stability for well-managed assets. Median home values in the neighborhood are comparatively lower within the metro, which can introduce some competition from ownership; however, this also anchors a value-oriented rental segment where consistent operations and service can drive retention over premium pricing.
Safety conditions compare favorably within the Goldsboro metro, ranking near the top tier among 54 neighborhoods, yet they remain below the national median by percentile. For investors, this means local relative strength but a need for practical on-site measures—lighting, access controls, and resident engagement—to align with broader tenant expectations.
Property offenses show a notable year-over-year decline at the neighborhood level, while violent offense trends have been more mixed. The directional improvement in property offenses can support leasing narratives and renewal confidence, but underwriting should still reflect standard risk management and security line items consistent with markets that sit below the national safety median.
2101 N William St offers a 41-unit, early-2000s vintage profile in a competitive Goldsboro neighborhood where daily-needs amenities support workforce demand. Renter concentration near half of the housing stock indicates a durable tenant base, and household counts within 3 miles are projected to rise, signaling a larger pool of renters and supportive occupancy. According to CRE market data from WDSuite, local occupancy sits below national medians by percentile, so the value proposition hinges on consistent operations, resident retention, and targeted unit improvements rather than outsized rent push assumptions.
Constructed in 2001, the asset is slightly newer than nearby average stock, positioning it well against older comparables while still benefiting from phased modernization to protect rentability and limit near-term CapEx surprises. With ownership relatively accessible in the area, pricing power is best earned through service, convenience, and modest upgrades; competition from entry-level ownership should be considered in renewal strategies and marketing.
- Workforce-oriented location with grocery/pharmacy access supporting everyday convenience and leasing stability
- Renter-occupied share near half points to a deep tenant base and steady demand
- 2001 vintage offers competitive positioning versus older stock; targeted updates can enhance retention
- Household growth within 3 miles expands the renter pool and supports occupancy over the medium term
- Risks: occupancy below national medians by percentile, limited lifestyle amenities, and competition from accessible ownership options