| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Best |
| Demographics | 59th | Good |
| Amenities | 57th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1021 Salisbury St, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1972 |
| Units | 39 |
| Transaction Date | 2021-08-31 |
| Transaction Price | $2,000,000 |
| Buyer | BAILE LLC |
| Seller | CARDINAL OF KERNERSVILLE LLC |
1021 Salisbury St, Kernersville Multifamily Investment
Neighborhood occupancy has held in the low 90s, supporting steady tenant demand, according to WDSuite’s CRE market data, while a relatively high renter-occupied share signals depth for a 39‑unit asset in an inner‑suburban location.
Located in an Inner Suburb of the Winston-Salem, NC metro, the neighborhood rates A overall and shows balanced fundamentals that matter for multifamily. Neighborhood occupancy around 93% is competitive among 216 Winston-Salem neighborhoods, indicating stable lease-up and retention conditions rather than volatility. Renter-occupied housing concentration is relatively high for the metro and sits in a strong national percentile, pointing to a deep tenant base for consistent absorption.
Local livability supports demand: restaurants and cafes per square mile trend above national medians, with grocery, parks, and pharmacies also landing near the upper-middle range nationally. While average school ratings aren’t available in the dataset, the area’s amenity mix and inner-suburban setting position it for everyday convenience without downtown pricing.
Compared with metro and national CRE trends, neighborhood median contract rents remain accessible relative to incomes (neighborhood rent-to-income near the middle of national distributions), which can support pricing power without elevating retention risk. Elevated value-to-income ratios reflect a higher-cost ownership landscape in context, which often sustains renter reliance on multifamily housing and supports occupancy stability.
Within a 3-mile radius, population has grown in recent years with households expanding faster than population, implying smaller household sizes and a broader pool of potential renters. WDSuite’s data also point to continued household growth ahead, which typically supports a larger tenant base for professionally managed assets, particularly in neighborhoods with established renter concentrations.
Safety indicators are mixed in the current read. Overall crime positioning sits below the national median, placing the neighborhood on the less-favorable side of nationwide comparisons, while property and violent offense rates are closer to national norms. Within the Winston-Salem metro (216 neighborhoods), the area trends around the middle of the pack rather than an extreme. Recent one-year changes indicate some volatility, so prudent operators may wish to monitor trends and align security and lighting upgrades with capital plans.
Proximity to established corporate headquarters in the Winston-Salem area supports a diversified employment base and commute convenience for renters, notably in consumer goods and financial services. The employers below represent nearby demand drivers relevant to workforce and professional tenants.
- Reynolds American — tobacco & consumer products (9.3 miles) — HQ
- BB&T Corp. — banking & financial services (9.4 miles) — HQ
- Hanesbrands — apparel & consumer goods (11.88 miles) — HQ
- VF — apparel & lifestyle brands (15.62 miles) — HQ
- Laboratory Corp. of America — diagnostics & life sciences (35.84 miles) — HQ
1021 Salisbury St offers a 39‑unit footprint in a neighborhood with steady renter demand and competitive occupancy among 216 Winston-Salem neighborhoods. Based on CRE market data from WDSuite, rents benchmark as manageable versus incomes while ownership costs are relatively elevated in context, a combination that typically supports lease retention and reduces downside from affordability pressure. Built in 1972, the asset is older than the neighborhood’s average vintage, suggesting clear value‑add and capital planning pathways to enhance competitiveness against newer stock.
Demographics aggregated within a 3‑mile radius indicate recent population growth and an even faster rise in households, which generally expands the renter pool and supports occupancy stability. Amenity access (dining, cafes, grocery, parks, pharmacies) trends above national medians, reinforcing day‑to‑day convenience that can aid leasing velocity and renewal capture.
- Competitive neighborhood occupancy and a sizable renter-occupied share support stable leasing
- 1972 vintage creates value‑add potential via unit/interior upgrades and systems modernization
- Household growth within 3 miles expands the tenant base and supports retention
- Ownership costs relatively high in context, reinforcing sustained rental demand
- Risks: aging systems capex, mixed but volatile safety trends, and potential competition from rising homeownership share