| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 44th | Fair |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 334 W Wall St, Rural Hall, NC, 27045, US |
| Region / Metro | Rural Hall |
| Year of Construction | 1981 |
| Units | 96 |
| Transaction Date | 1998-01-30 |
| Transaction Price | $642,000 |
| Buyer | FERRELL E VERNON |
| Seller | SHOUSE W DARLE |
334 W Wall St Rural Hall Multifamily Investment
Household growth within a 3-mile radius points to a larger tenant base and supports leasing durability, according to WDSuite’s CRE market data. The 1983 vintage offers a practical value-add path while remaining competitive against older neighborhood stock.
Rural Hall sits within the Winston-Salem metro and reflects a quieter, Rural neighborhood profile with a B neighborhood rating. Amenity access is mixed: overall amenities are competitive among Winston-Salem neighborhoods (65th of 216), with grocery and pharmacy access above national medians, while restaurants and cafes are sparse locally. For families, average school ratings trend below national medians, which may factor into unit mix and marketing strategy for residents prioritizing schools.
Demographic indicators (aggregated within a 3-mile radius) show modest population growth and a faster increase in households, implying smaller household sizes and a gradual expansion of the renter pool. A renter-occupied share near three-tenths of units suggests a steady depth of demand for multifamily, supporting occupancy stability and renewal potential over time.
From a housing cost standpoint, home values are lower than many U.S. neighborhoods, which can create some competition with ownership options. At the same time, a favorable rent-to-income profile (high national percentile) indicates relatively low affordability pressure for renters, a positive for lease retention and pricing management.
Vintage matters: the property’s 1983 construction is newer than the neighborhood’s average year built (1965). That positioning can reduce near-term functional obsolescence risk versus older stock, while still leaving room for targeted renovations to modernize systems and finishes as part of a focused value-add plan.
Safety trends in the surrounding neighborhood are mixed. Compared with neighborhoods nationwide, indicators generally sit below the national median, while within the Winston-Salem metro the area is around the middle of the pack (crime rank 90 of 216). Recent data also show a one-year uptick in property offenses, which warrants attention to lighting, access control, and resident engagement in operating plans.
For investors, the takeaway is to underwrite with standard risk controls rather than assume premium safety performance: focus on proven measures that support resident comfort and asset protection, and monitor trend direction as new data become available.
The employment base includes nearby corporate headquarters and major offices that support steady renter demand via short commutes. Key employers include Hanesbrands, Reynolds American, BB&T Corp., and VF.
- Hanesbrands — apparel HQ (2.7 miles) — HQ
- Reynolds American — tobacco products HQ (8.9 miles) — HQ
- BB&T Corp. — banking HQ (9.1 miles) — HQ
- VF — apparel HQ (28.3 miles) — HQ
334 W Wall St offers scale at 96 units with a 1983 vintage that is newer than the neighborhood norm, positioning the asset competitively against older stock while retaining clear value-add opportunities through targeted modernization. Household growth within a 3-mile radius and a moderate renter-occupied share support a durable tenant base, and a favorable rent-to-income profile points to solid renewal potential and manageable affordability pressure. According to CRE market data from WDSuite, local amenities are mixed but functional for daily needs, with grocery and pharmacy access above national medians and limited restaurant/cafe density that should be considered in marketing and resident services.
Key underwriting considerations include balancing renovation scope with local rent positioning, acknowledging below-median school ratings, and incorporating standard safety enhancements given recent property offense movement. Homeownership costs are relatively accessible in this area, which may introduce some competition from entry-level ownership; however, stable household formation and proximity to major employers can sustain multifamily demand.
- 1983 vintage: competitive versus older local stock with clear value-add levers
- Household growth within 3 miles expands the renter pool and supports occupancy stability
- Favorable rent-to-income dynamics support retention and pricing management
- Proximity to major employers underpins steady leasing from commuter demand
- Risks: mixed safety trends, below-median school ratings, and some competition from ownership