| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 56th | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Weatherwood Ct, Winston Salem, NC, 27103, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1978 |
| Units | 60 |
| Transaction Date | 2017-02-22 |
| Transaction Price | $1,400,000 |
| Buyer | WOODLAWN CGC LLC |
| Seller | WOODLAWN APARTMENTS LLC |
100 Weatherwood Ct, Winston-Salem NC Multifamily Investment
Positioned in an inner-suburb pocket with strong renter concentration and everyday amenities, this 60-unit asset offers value-add potential and demand depth, according to WDSuite’s CRE market data. Neighborhood occupancy metrics reference the area, not the property, and point to operational upside with disciplined management.
The property sits in an Inner Suburb neighborhood rated A by WDSuite, competitive among Winston-Salem’s 216 neighborhoods on overall livability. Local access to groceries, pharmacies, and dining is solid for day-to-day needs (grocery and pharmacy density are competitive among metro peers), while cafes are a relative strength. Parks and childcare options are thinner in the immediate area, which may influence tenant mix and amenity programming.
Vintage matters here: built in 1981 versus a neighborhood average construction year of 1992, the asset is older than nearby stock. For investors, that typically means planning for targeted capital expenditures and presents potential value-add or repositioning upside to narrow the competitive gap with newer product.
Area tenure patterns support multifamily demand. The neighborhood’s share of renter-occupied housing units is high (among the strongest shares across the 216-neighborhood metro), indicating a deep tenant base that can help support leasing velocity and renewal pipelines. Median contract rents in the neighborhood sit near national mid-range levels, supporting a broader renter pool without relying solely on top-end pricing.
Occupancy at the neighborhood level has been soft recently and sits below national benchmarks; this is a neighborhood statistic, not the property. For operators, that suggests a focus on leasing execution, unit turns, and targeted upgrades to differentiate against nearby options. In the broader 3-mile radius, demographics indicate a stable population with a modest increase over the past five years and a projected rise in household counts alongside smaller average household sizes—dynamics that typically expand the renter pool and support occupancy stability over time.
Home values in the area are lower than national norms, and the value-to-income relationship remains moderate. For investors, that can introduce some competition from entry-level ownership but also sustain a consistent renter segment seeking more accessible rental options, with rent-to-income levels that can support retention and steady lease management.
Safety indicators for the neighborhood trend below national medians, with both property and violent offense rates comparing weakly to neighborhoods nationwide. However, recent trends show violent offenses easing year over year, suggesting incremental improvement rather than deterioration. These are neighborhood-level measures and can vary by block; investors commonly address this context through lighting, access control, and on-site presence to support resident confidence and retention.
Within the Winston-Salem metro (216 neighborhoods), the area does not rank among the stronger safety performers. Framing it comparatively helps with underwriting and operating plans—positioning, resident screening, and community engagement can be calibrated to local patterns while monitoring trends that have recently moved in a favorable direction.
Nearby corporate anchors provide a diversified white-collar and headquarters employment base that supports renter demand and commute convenience—most notably financial services and consumer goods firms listed below.
- BB&T Corp. — financial services (2.7 miles) — HQ
- Reynolds American — consumer goods (3.0 miles) — HQ
- Hanesbrands — apparel manufacturing (8.7 miles) — HQ
- VF — apparel & footwear (26.9 miles) — HQ
100 Weatherwood Ct offers a scale 60-unit footprint with clear operational and value-add angles. The 1981 vintage is older than neighborhood norms, positioning the asset for targeted renovations and systems upgrades to improve competitive standing against 1990s-era stock. The surrounding neighborhood shows a high share of renter-occupied housing units, supporting a deep tenant base, while median rents sit near national mid-range levels—factors that can aid leasing velocity and renewal capture. At the same time, neighborhood occupancy runs soft relative to broader benchmarks; according to CRE market data from WDSuite, operators should underwrite to focused leasing execution and selective upgrades to drive differentiation.
Within a 3-mile radius, population has been stable with a slight uptick and is projected to grow alongside a notable increase in household counts and smaller average household sizes—trends that typically expand the renter pool and support occupancy stability over time. Lower local home values can introduce some competition from entry-level ownership, but they also help sustain a durable renter segment across income tiers, with rent-to-income levels that support retention-oriented management.
- Scale 60-unit asset with value-add upside from 1981 vintage upgrades
- High neighborhood renter-occupied share supports tenant base depth and leasing
- Everyday amenities nearby (groceries, pharmacies, dining) aid resident convenience and retention
- 3-mile demographics point to more households and smaller sizes, expanding the renter pool
- Risk: neighborhood-level occupancy and safety trends require disciplined operations, security, and leasing execution