| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 56th | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 114 Weatherwood Ct, Winston Salem, NC, 27103, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1978 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
114 Weatherwood Ct, Winston-Salem NC Multifamily Opportunity
Neighboring a renter-heavy area with steady amenity access, this location offers depth of tenant demand even as neighborhood occupancy has shown variability, according to WDSuite’s CRE market data.
The property sits within an A-rated inner-suburb neighborhood that ranks 31 out of 216 metro neighborhoods—placing it in the top quartile among Winston-Salem areas based on WDSuite’s CRE market data. Neighborhood context points to stable renter demand, with a renter-occupied share at the neighborhood level indicating a deeper tenant base and supportive leasing funnel for multifamily.
Daily convenience is a strength: grocery and pharmacy density rank competitively among 216 metro neighborhoods, and restaurant and cafe counts are also above the metro median. Average school ratings trend slightly above national midpoints, which can aid retention for residents prioritizing education access.
At the neighborhood level, median contract rents are competitive among Winston-Salem neighborhoods, while median home values sit on the lower end locally and nationally. For investors, this ownership landscape can introduce some competition from entry-level for-sale options, yet it also supports a broad renter pool and manageable rent-to-income dynamics that can help with lease stability and renewals.
Demographic statistics aggregated within a 3-mile radius show modest population growth over the past five years with an increase in households, and projections call for further household gains. This points to a gradually expanding tenant base that can support occupancy stability and measured rent growth through the cycle.
Construction in the neighborhood skews newer on average (early 1990s). With a 1979 vintage, the subject property is older than nearby stock—an important consideration for capital planning and potential value-add strategies to remain competitive against newer comparables.
Safety conditions are mixed when viewed against regional and national benchmarks. The neighborhood’s crime rank sits in the lower half among 216 Winston-Salem neighborhoods, indicating safety below the metro median, and national percentiles for both violent and property offenses trend on the lower end. Recent trends suggest violent incidents have eased year over year, while property crime has risen—an uneven pattern investors should monitor as part of risk management.
For underwriting, a practical framing is to compare security measures, lighting, and resident engagement with peer assets in similar submarkets and to incorporate operating reserves or partnerships that address the potential for higher property crime relative to stronger-ranked neighborhoods.
The area benefits from proximity to established headquarters that anchor white-collar employment and support renter demand through commute convenience, including BB&T Corp., Reynolds American, Hanesbrands, and VF.
- 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 & lifestyle brands (26.8 miles) — HQ
This 50-unit, 1979-vintage asset is positioned in a top-quartile Winston-Salem neighborhood with strong renter concentration and everyday amenity access. At the neighborhood level, competitive rents, a broad renter pool, and modest 3-mile household growth underpin demand, while the older vintage suggests clear value-add and capex pathways to sharpen positioning versus newer nearby stock.
Based on commercial real estate analysis from WDSuite, the immediate area’s leasing fundamentals are supported by proximity to major employers and an expanding household base, though neighborhood occupancy has trended softer than stronger-ranked peers and safety metrics run below national midpoints—factors to price and manage through asset operations.
- Top-quartile neighborhood in Winston-Salem with strong renter concentration supporting demand
- 1979 vintage offers value-add and capital improvement upside against newer local stock
- 3-mile radius shows household growth and proximity to multiple HQ employers aiding leasing
- Risk: neighborhood occupancy and safety metrics lag stronger peers—plan for leasing focus and site security