| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 40th | Fair |
| Amenities | 20th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 209 Arthur Dr, Thomasville, NC, 27360, US |
| Region / Metro | Thomasville |
| Year of Construction | 1983 |
| Units | 114 |
| Transaction Date | 2017-08-01 |
| Transaction Price | $5,100,000 |
| Buyer | Interurban Thomasville, LLC |
| Seller | --- |
209 Arthur Dr Thomasville Multifamily Investment Opportunity
Multifamily occupancy in the surrounding neighborhood ranks in the top quartile among 216 Winston-Salem metro neighborhoods, supporting stable income potential, according to WDSuite’s CRE market data.
The property sits in a B+ rated, Rural neighborhood within the Winston-Salem, NC metro. Neighborhood multifamily occupancy is strong (top quartile among 216 metro neighborhoods), which points to relatively steady leasing and retention for professionally managed assets. Median contract rents in the area trend below many urban submarkets, which can help sustain demand from cost-conscious renters while giving operators room to optimize pricing through upgrades rather than across-the-board premiums.
Amenity access is mixed. Overall amenity density is competitive among Winston-Salem neighborhoods, with cafe availability comparing favorably to national norms, while parks, pharmacies, and dedicated childcare options are limited locally. Average school ratings trend above the metro median (top quartile among 216 neighborhoods), offering a family-friendly signal that can bolster longer tenancies for larger floor plans.
Tenure patterns suggest a moderate renter-occupied share relative to ownership, indicating a shallower renter concentration than core urban nodes but still sufficient depth for garden-style product. In a high-cost ownership market this might limit pricing power, but here the ownership landscape is more accessible, so investors should compete on product quality, convenience, and service rather than outsized rent escalations.
Demographic statistics aggregated within a 3-mile radius show recent population stability with signs of a larger renter pool over the next five years as population and household counts are projected to rise. This backdrop supports occupancy stability and selective rent growth for well-maintained assets, based on commercial real estate analysis from WDSuite.
Vintage considerations matter: with a 1983 construction year versus a neighborhood average closer to the late 1980s, investors should expect capital planning for exterior systems, interiors, and energy efficiency. That gap also creates straightforward value-add levers to advance competitive positioning against slightly newer stock.
Safety indicators compare favorably on property offenses versus national norms, and recent data shows a pronounced decline in property crime over the past year. At the same time, violent offense rates have moved up recently, which warrants monitoring and proactive onsite security and resident-engagement practices. Overall, the area trends better than many peer neighborhoods nationally on property safety, with a mixed near-term trend between offense types.
Regional employment anchors within commuting range help support renter demand and retention, particularly for workforce housing tied to finance and consumer goods headquarters, as well as life sciences administration.
- BB&T Corp. — banking HQ (19.1 miles) — HQ
- Reynolds American — consumer tobacco HQ (19.3 miles) — HQ
- VF — apparel & footwear HQ (23.3 miles) — HQ
- Hanesbrands — apparel HQ (25.2 miles) — HQ
- Laboratory Corp. of America — diagnostics & life sciences HQ (38.6 miles) — HQ
209 Arthur Dr offers 114 units built in 1983, positioned in a B+ neighborhood where occupancy trends are competitive among Winston-Salem submarkets. According to CRE market data from WDSuite, neighborhood occupancy levels support income durability, while the area’s rent levels and rent-to-income dynamics suggest manageable affordability pressure that can aid retention. The 1983 vintage implies clear value-add potential via interiors, common-area updates, and efficiency upgrades to stay competitive with late-1980s stock.
Demographics aggregated within a 3-mile radius point to population growth and a projected increase in households, expanding the tenant base over the next five years. Combined with proximity to several regional headquarters, the location supports stable workforce demand; operators that emphasize operational execution and targeted renovations can capture incremental rent without overreliance on market appreciation.
- Competitive neighborhood occupancy supports income stability
- 1983 vintage creates value-add and modernization upside
- 3-mile population and household growth expand the renter pool
- Regional HQs within commuting range underpin workforce demand
- Risks: limited nearby parks/childcare and recent uptick in violent offenses; prudent security and amenity strategy recommended