| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 10th | Poor |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1111 E 2nd St, Winston Salem, NC, 27101, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1990 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1111 E 2nd St, Winston-Salem NC Multifamily Investment
Neighborhood data points to a deep renter base and steady demand drivers, according to WDSuite s CRE market data, with renter-occupied housing concentrated locally and household growth nearby supporting leasing stability.
Located in an inner-suburb pocket of Winston-Salem (neighborhood rating: C+), the area mixes basic conveniences with selective strengths that matter to renters. Amenity access is competitive among 216 metro neighborhoods for everyday needs: pharmacies and childcare rank near the top of the metro, while restaurant density is above average; parks and cafes are limited. For investors, this points to service-oriented livability rather than lifestyle-driven retail.
Renter concentration in the neighborhood is high, with a large share of housing units renter-occupied, supporting depth of the tenant base. By contrast, the neighborhood s occupancy rate ranks below the metro median among 216 neighborhoods, so lease-up and renewal strategies matter. Median contract rents in the neighborhood skew lower relative to national peers, which can aid retention but may moderate near-term pricing power.
At the property level, the 1990 vintage is newer than the neighborhood s average construction year (1972). This positions the asset more competitively versus older stock, though targeted updates may still be warranted for building systems and finishes to support underwriting and rent positioning.
Demographic statistics are aggregated within a 3-mile radius: population has inched upward while households have grown faster, and average household size has trended smaller. This combination generally expands the renter pool and supports occupancy stability for well-managed assets. Median home values in the neighborhood are lower relative to national norms, which can create some competition from ownership options, but the local rent-to-income profile indicates manageable affordability pressure an operational tailwind for lease retention.
Safety conditions are mixed in a metro context. The neighborhood s crime profile sits below the metro median among 216 Winston-Salem neighborhoods and is weaker relative to national comparisons. However, recent trend data indicates year-over-year improvement in violent incident rates. Investors typically account for this by emphasizing property-level security, lighting, and resident engagement to support retention and reputation.
Proximity to established corporate offices underpins renter demand through short commutes and diverse white-collar employment. Notable nearby employers include tobacco and financial services headquarters, as well as apparel corporate offices.
- Reynolds American tobacco headquarters (0.7 miles) HQ
- BB&T Corp. financial services headquarters (0.8 miles) HQ
- Hanesbrands apparel corporate offices (6.5 miles) HQ
- VF apparel corporate offices (24.3 miles) HQ
- Laboratory Corp. of America healthcare diagnostics corporate offices (44.5 miles) HQ
This 20-unit 1990-vintage asset sits in a renter-heavy neighborhood where household growth within a 3-mile radius is expanding the tenant base, supporting occupancy stability and renewal potential. The property s newer vintage versus local stock offers relative competitiveness, with value-add opportunity via targeted modernization to align with renter expectations and improve rent positioning.
According to CRE market data from WDSuite, neighborhood rents sit below national norms while renter-occupied share is elevated, indicating depth on the demand side but the need for disciplined lease management in an area where occupancy ranks below the metro median. Nearby corporate headquarters and regional employers bolster commute convenience and can aid leasing velocity and retention.
- Renter-heavy neighborhood and growing 3-mile household counts support a larger tenant base and leasing stability.
- 1990 construction is newer than area averages, with targeted upgrades offering potential to enhance competitiveness.
- Proximity to regional headquarters and corporate offices supports demand, retention, and day-to-day convenience.
- Operational upside tied to professional lease management where neighborhood occupancy trails the metro median.
- Risk: Safety metrics are weaker than national averages; mitigation typically includes enhanced lighting, access control, and resident engagement.