| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 43rd | Fair |
| Amenities | 17th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3605 Martins Trail Cir, Walkertown, NC, 27051, US |
| Region / Metro | Walkertown |
| Year of Construction | 2007 |
| Units | 80 |
| Transaction Date | 2025-05-21 |
| Transaction Price | $4,700,000 |
| Buyer | FLATS AT WALKERTOWN LLC |
| Seller | PINECREST APARTMENTS LLC |
3605 Martins Trail Cir, Walkertown NC Multifamily Investment
2007 vintage within a largely older housing stock suggests competitive positioning and manageable capex planning, with steady neighborhood occupancy supporting income stability according to WDSuite’s CRE market data.
Situated in Walkertown within the Winston-Salem metro, the neighborhood carries a C+ rating and ranks 133 out of 216 metro neighborhoods. That places it near the metro middle, offering investors a stable, lower-density setting with measured renter demand rather than a high-amenity, urban profile.
Vintage matters: the submarket’s average construction year is 1985, while this asset was built in 2007. Being newer than much of the local stock can aid leasing competitiveness and reduce near-term system replacement risk, though modernization and selective upgrades may still be warranted for positioning and durability.
Livability and amenities are modest. Grocery access sits around the metro middle (rank 60 of 216), while parks, cafes, childcare, and pharmacies are sparse. Average school ratings trend below national medians (rank 69 of 216; national percentile 26), which may influence family renter preferences and lease retention strategies. Neighborhood occupancy is roughly at the national midpoint, with recent softening, signaling the need for disciplined leasing and resident experience programs.
Tenure and demand: within a 3-mile radius, about 23% of housing units are renter-occupied, indicating a moderate renter concentration and a defined, but not deep, tenant base. Median contract rents in the 3-mile area remain accessible relative to incomes, which can support renewal capture with prudent revenue management. Elevated home values at the metro level are not extreme here, implying ownership is comparatively accessible; for investors, this means rental product competes more on convenience, quality, and service than on price alone.
Demographics within a 3-mile radius show population growth over the last five years and a projected increase through 2028, alongside household growth. These trends point to a gradually expanding renter pool that can support occupancy stability, provided product quality and pricing align with local income bands.
Compared with the Winston-Salem metro, this neighborhood’s crime rank sits at 89 out of 216 neighborhoods, indicating higher crime exposure than many local peers. Nationally, indicators align below the median (violent and property offense measures are in the 30s percentiles), so investors should underwrite with conservative operating assumptions and consider security-forward asset management.
Recent one-year trends reflect increases in both property and violent offense estimates. While crime can vary block-to-block and over time, prudent measures such as lighting, access control, and resident engagement can help sustain leasing and retention relative to comparable assets.
The area benefits from proximity to established corporate employers that help anchor the regional workforce, supporting renter demand and commute convenience for residents. Nearby employers include Hanesbrands, Reynolds American, BB&T Corp., VF, and Laboratory Corp. of America.
- Hanesbrands — apparel HQ (7.5 miles) — HQ
- Reynolds American — tobacco products HQ (7.5 miles) — HQ
- BB&T Corp. — financial services HQ (7.7 miles) — HQ
- VF — apparel & footwear HQ (19.0 miles) — HQ
- Laboratory Corp. of America — diagnostics & labs HQ (39.3 miles) — HQ
The 2007 construction positions this 80-unit asset as newer than much of the local stock, helping it stand out on finishes, systems, and resident experience versus 1980s-era comparables. Neighborhood occupancy trends sit near national midpoints, suggesting stable, needs-based demand; disciplined operations and targeted upgrades can support retention and modest pricing power. Based on commercial real estate analysis from WDSuite, the surrounding renter base is moderate in depth but growing with population and household gains within a 3-mile radius, pointing to a gradually expanding tenant pipeline.
Balanced affordability is a key theme. Local rents remain accessible relative to incomes, which can support renewal capture while tempering turnover risk. However, an amenity-light, rural context and below-median school ratings warrant thoughtful amenity programming and leasing strategies. Newer vintage reduces near-term capex uncertainty, but investors should still plan for selective modernization to sustain competitive positioning.
- 2007 vintage offers competitive positioning versus older neighborhood stock with manageable system risk.
- Occupancy near broader medians supports stable cash flow with prudent revenue management.
- Growing 3-mile population and households indicate a gradually expanding renter pool.
- Accessible rent-to-income dynamics aid retention and measured pricing power.
- Risks: amenity-light rural setting, below-median school ratings, and elevated local crime relative to metro peers require active asset management.