| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 37th | Fair |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Azalea Terrace Ct, Winston Salem, NC, 27105, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2001 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Azalea Terrace Ct, Winston-Salem Multifamily Opportunity
Positioned in an inner-suburb pocket with a deep renter base and accessible pricing, the neighborhood supports steady tenant demand, according to WDSuite’s CRE market data. While neighborhood occupancy trends have been softer, newer-vintage assets can compete on quality and value relative to older local stock.
The property sits in an Inner Suburb neighborhood rated B that is competitive among Winston-Salem, NC neighborhoods (ranked 104 out of 216). Local amenity access is mixed: restaurants are a relative strength (ranked 12 of 216; top quartile nationally), while daily-needs options like groceries and cafes are thinner within the immediate area. Parks and pharmacies score well (parks ranked 3 and pharmacies 7 of 216; both near the top quartile nationally), supporting livability for residents who prioritize open space and nearby services.
Neighborhood housing stock trends older (average construction year 1954), which gives a 2001-vintage, 100-unit asset a relative quality advantage versus much of the local inventory. That positioning can support leasing velocity and retention, though investors should still underwrite typical system upgrades and modernization as the asset continues to age.
From a renter-demand perspective, the neighborhood’s share of renter-occupied housing is high (53.6%; ranked 23 of 216, top decile metro-wide), indicating a broad tenant base for multifamily. However, the neighborhood occupancy rate is lower (ranked 193 of 216), so operators should plan for active leasing and marketing to capture demand. Median contract rents in the neighborhood are low relative to national levels, and rent-to-income ratios track on the lower side, which can support lease retention and measured pricing power when paired with unit upgrades.
Demographic indicators aggregated within a 3-mile radius point to a stable and gradually expanding renter pool: recent years show modest population growth with households increasing, and WDSuite’s data indicate further growth is projected alongside smaller average household sizes. For investors, that combination supports demand for rental housing, particularly approachable one- and two-bedroom formats that fit workforce renters.
School ratings are weaker (lower decile nationally) and could influence some family renter preferences. Even so, the overall value proposition in this submarket—lower relative rents, solid park access, and proximity to major employers—can sustain interest among cost-conscious tenants.
Safety trends should be viewed in context. The neighborhood’s crime profile is weaker than national averages (overall crime sits below the national median; ranked 87 out of 216 within the Winston-Salem metro), which may influence perception and leasing strategy. That said, recent data show meaningful improvement in violent offense rates year over year (top quartile improvement nationally), a constructive trend to monitor for ongoing stabilization.
Investors should underwrite appropriate security measures and resident engagement, and track citywide and submarket trends over time rather than block-level snapshots.
Proximity to established corporate headquarters underpins workforce housing demand and commute convenience in this submarket, notably in tobacco, banking, and apparel. Key nearby employers include Reynolds American, BB&T Corp., Hanesbrands, and VF.
- Reynolds American — tobacco (0.9 miles) — HQ
- BB&T Corp. — banking (1.1 miles) — HQ
- Hanesbrands — apparel (5.5 miles) — HQ
- VF — apparel (25.0 miles) — HQ
This 2001-vintage, 100-unit asset is newer than much of the surrounding housing stock, offering a competitive position versus older properties while allowing for selective value-add and systems modernization to lift rents responsibly. The immediate neighborhood shows a high concentration of renter-occupied units, low relative rents, and access to major employers, all of which support depth of tenant demand even as neighborhood occupancy trends have lagged the metro.
According to CRE market data from WDSuite, restaurant and park access rank well within the metro, while school quality and safety indicators trail national norms but show recent improvement in violent offense trends. Forward-looking demographics aggregated within a 3-mile radius point to increases in households and a gradually expanding renter pool, reinforcing the case for steady leasing with thoughtful operations and targeted upgrades.
- Newer vintage (2001) versus older neighborhood stock supports competitive positioning and renovation upside
- High renter-occupied share indicates a broad tenant base and potential demand resilience
- Proximity to major headquarters (tobacco, banking, apparel) supports leasing and retention for workforce renters
- Amenity strengths (dining, parks) enhance livability; targeted upgrades can capture pricing power from lower baseline rents
- Risks: below-metro neighborhood occupancy, weaker school ratings, and safety perceptions require active management and conservative underwriting