| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Best |
| Demographics | 60th | Good |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2718 W Mountain St, Kernersville, NC, 27284, US |
| Region / Metro | Kernersville |
| Year of Construction | 1984 |
| Units | 46 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2718 W Mountain St, Kernersville NC Multifamily Opportunity
Neighborhood occupancy is strong and historically resilient, supporting durable cash flow potential in a suburban Winston-Salem location, according to WDSuite s CRE market data.
This suburban Kernersville address sits within the Winston-Salem metro and scores A- at the neighborhood level, indicating broadly attractive fundamentals for multifamily investors. Neighborhood occupancy trends are competitive among 216 metro neighborhoods and land in the top quintile nationally, suggesting steadier rent rolls and fewer vacancy swings through cycles (based on WDSuite s CRE market data).
Renter-occupied housing accounts for roughly one-quarter to one-third of neighborhood units, pointing to a moderate renter concentration and a stable tenant base for garden-style product. Within a 3-mile radius, demographics show recent population and household growth, with projections calling for additional household expansion by 2028. That trajectory supports a larger tenant base and underpins leasing velocity and renewal potential rather than relying solely on in-migration.
Daily-needs access is a relative strength: grocery and pharmacy density is competitive among Winston-Salem neighborhoods, while dining, cafes, and parks are limited locally. For family renters, average school ratings trail metro and national benchmarks, which may temper demand from some households but typically has less impact on smaller unit mixes. Neighborhood NOI per unit tracks near the metro middle, reflecting solid income potential without requiring top-of-market rents.
Ownership costs in the area are elevated enough to sustain renter reliance on multifamily housing, while rent-to-income ratios in the neighborhood sit stronger than many U.S. areas. For investors, this combination can support retention and measured pricing power, provided lease management balances affordability pressure with renewal targets.
The property s 1984 construction is older than the neighborhood s average vintage, creating a straightforward value-add path through unit and systems modernization and informing capital planning for roofs, exteriors, and common-area upgrades to remain competitive against 1990s stock.
Safety indicators in the neighborhood compare around the national middle overall, with violent offense rates testing stronger than average and property offense rates also comparing favorably versus many U.S. neighborhoods. Recent data, however, points to an uptick in property offenses year over year locally. Investors should underwrite standard security measures and monitor trendlines rather than rely on block-level conclusions.
Proximity to established corporate employers supports commuter convenience and helps deepen the renter pool. Nearby anchors include Reynolds American, BB&T Corp., Hanesbrands, VF, and Laboratory Corp. of America.
- Reynolds American corporate offices (4.8 miles) — HQ
- BB&T Corp. — corporate offices (4.9 miles) — HQ
- Hanesbrands — corporate offices (7.8 miles) — HQ
- VF — corporate offices (20.2 miles) — HQ
- Laboratory Corp. of America — corporate offices (40.5 miles) — HQ
2718 W Mountain St offers a pragmatic suburban play supported by competitive neighborhood occupancy and a growing 3-mile household base. Rent-to-income levels indicate manageable affordability pressure relative to many U.S. neighborhoods, which can aid retention and steady collections. The 1984 vintage is slightly older than the area s average stock, creating clear value-add pathways through interior refreshes and targeted systems upgrades to enhance competitive positioning against 1990s assets.
According to CRE market data from WDSuite, local daily-needs access (grocery and pharmacy) is a relative strength, while limited parks and dining may modestly narrow lifestyle-driven demand. School ratings trend below average, so underwriting should prioritize renter segments less sensitive to school quality. Overall, proximity to major employers and metro-level demand drivers supports occupancy stability with potential to unlock incremental NOI via renovations and disciplined lease management.
- Competitive neighborhood occupancy supports steadier rent rolls and reduces vacancy volatility.
- 3-mile household growth and major employers nearby deepen the tenant base and support leasing.
- 1984 vintage provides value-add potential through interior updates and systems modernization.
- Rent-to-income dynamics favor retention and measured pricing power with thoughtful lease management.
- Risks: older systems capex, softer school ratings, limited lifestyle amenities, and recent property offense uptick.