| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 39th | Fair |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 142 Hope Dr, Lexington, NC, 27295, US |
| Region / Metro | Lexington |
| Year of Construction | 2003 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
142 Hope Dr, Lexington NC — 32-Unit 2003 Multifamily
Neighborhood occupancy is strong and the 2003 vintage positions this asset competitively versus older stock in the area, according to WDSuite’s CRE market data. Focus for investors is on durable leasing in a rural submarket with modest renter depth but consistent demand signals at the neighborhood level.
This rural Lexington location offers a quieter setting with limited immediate amenities, which typically appeals to residents prioritizing space and value over walkable retail. The neighborhood s occupancy level ranks near the top among Winston-Salem s 216 neighborhoods and sits in a high national percentile, indicating resilient leasing conditions at the neighborhood scale (neighborhood metric, not the property).
The average construction year in the neighborhood is 1983, while the property was built in 2003. Being newer than much of the surrounding stock can support competitive positioning and help moderate near-term capital needs; investors should still plan for system updates typical of early-2000s assets to maintain curb appeal and retention.
Renter-occupied housing shares are modest in this area, reflecting a thinner renter concentration and a resident base with higher ownership propensity. For multifamily operators, that points to a smaller but steadier tenant pool where thoughtful management, unit quality, and price discipline drive absorption and renewal performance.
Within a 3-mile radius, recent years show a slight population dip alongside an increase in households, suggesting smaller household sizes and changing household composition. Forward-looking projections indicate growth in both population and households over the next five years, which can expand the local renter pool and support occupancy stability if product quality and pricing remain aligned with demand.
Home values in the area are relatively accessible compared with larger metros. That ownership context can create competition for renters at certain price points, so multifamily assets that emphasize livability, maintenance responsiveness, and functional upgrades are positioned to sustain leasing velocity and retention.
Comparable, neighborhood-level safety data are limited in this dataset. Investors typically benchmark operating experience against broader Winston-Salem trends and lean on property management practices lighting, access control, and community engagement to support resident satisfaction. As with any submarket, underwriting should reflect local observations and recent operator feedback rather than block-level assumptions.
Regional employment is anchored by major corporate offices within commuting range, supporting a stable tenant base for workforce and mid-income renters. Notable nearby employers include BB&T Corp., Reynolds American, Hanesbrands, VF, Sysco, and Lowe s.
- BB&T Corp. financial services (12.8 miles) HQ
- Reynolds American tobacco products (13.0 miles) HQ
- Hanesbrands apparel manufacturing (18.6 miles) HQ
- VF apparel & lifestyle brands (33.0 miles) HQ
- Sysco foodservice distribution (39.0 miles)
Built in 2003 with 32 units, the property is newer than much of the local housing stock, offering a competitive edge against older assets while still warranting targeted capital planning typical of early-2000s construction. Neighborhood occupancy performance is a relative strength (a neighborhood-level metric), suggesting durable leasing fundamentals even in a rural setting with fewer nearby amenities. According to CRE market data from WDSuite, the neighborhood ranks favorably on occupancy versus the Winston-Salem metro and compares well nationally, reinforcing the case for stable cash flow management.
The renter-occupied share in the immediate area is modest, implying a smaller tenant universe but potentially lower turnover when product-market fit is maintained. Within a 3-mile radius, households have increased despite a recent population dip, and forecasts point to gains in both population and households over the next five years an indicator of a gradually expanding renter pool. Ownership remains relatively accessible, so competitive positioning hinges on unit quality, service, and measured pricing rather than amenity-rich walkability.
- 2003 vintage offers competitive positioning versus older neighborhood stock with manageable modernization needs
- Strong neighborhood occupancy supports leasing stability and cash flow resilience
- 3-mile outlook indicates growth in households and population, expanding the renter pool
- Proximity to major corporate employers underpins workforce demand within commuting distance
- Risks: rural location with limited nearby amenities and modest renter concentration may temper lease-up velocity