| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 27th | Poor |
| Demographics | 37th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Waughtown St, Winston Salem, NC, 27107, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1975 |
| Units | 28 |
| Transaction Date | 2000-10-31 |
| Transaction Price | $591,000 |
| Buyer | VESPERS II LLC |
| Seller | VESPERS LTD PARTNERSHIP |
1300 Waughtown St, Winston-Salem NC Multifamily Opportunity
Stabilized renter demand and steady neighborhood occupancy trends support cash flow durability, according to WDSuite’s CRE market data.
The property sits in a suburban pocket of Winston-Salem that is near the metro median on overall neighborhood performance (rank 113 of 216 neighborhoods). Local living needs are met by solid everyday conveniences: grocery and restaurant access track slightly above national norms, while parks score in the top quartile nationally, reinforcing livability for families and long-term renters.
Within a 3-mile radius, demographics show a larger tenant base forming: population grew in recent years with households up, and WDSuite projects additional population growth and a sizable increase in households over the next five years. A renter-occupied share near the mid-50s indicates depth in the tenant pool, which supports leasing velocity and renewal potential. Median asking rents in the 3-mile area have risen historically and are projected to continue increasing, a dynamic investors often track in multifamily property research.
At the neighborhood level, occupancy is in the high-80s and has edged up over the past five years, suggesting stable absorption even as supply and demand rebalance across the metro. Median home values locally are comparatively lower versus national benchmarks, which can introduce some competition from ownership; however, rent-to-income levels indicate manageable affordability pressure that can aid retention, with pricing decisions best managed via thoughtful lease strategy.
Vintage context matters for positioning: built in 1975, the asset is newer than much of the area’s older housing stock. That typically supports durability versus pre-war buildings while leaving room for selective modernization to enhance unit finishes and operating efficiency where appropriate.
Safety indicators are mixed but improving. The neighborhood ranks 61 out of 216 Winston-Salem neighborhoods on crime, making it competitive among Winston-Salem neighborhoods, though safety levels sit below the national median. Recent year-over-year data from WDSuite show double-digit declines in both violent and property offense estimates, which, if sustained, can support resident retention and reduce turnover-related costs.
Proximity to established corporate employers supports a steady workforce renter base and commute convenience for residents, notably in financial services, consumer products, and diagnostics.
- BB&T Corp. — financial services (2.7 miles) — HQ
- Reynolds American — tobacco products (2.8 miles) — HQ
- Hanesbrands — apparel (8.9 miles) — HQ
- VF — apparel & footwear (23.3 miles) — HQ
- Laboratory Corp. of America — diagnostics lab (43.3 miles) — HQ
This 28-unit, 1975-vintage asset offers exposure to a renter-heavy trade area with projected population and household growth within 3 miles, supporting a larger tenant base over the medium term. Neighborhood occupancy has trended upward into the high-80s, and median rents have risen historically with further gains projected, which can underpin collections and measured revenue growth when paired with prudent lease management.
Construction year positioning suggests mid-1970s systems with potential value-add via interior refresh and targeted capital improvements to improve competitiveness versus older local stock. Based on CRE market data from WDSuite, local home values remain comparatively low, which can create some competition from ownership, but rent-to-income levels and proximity to major employers support demand stability and renewal propensity.
- Renter concentration within 3 miles near the mid-50s supports tenant depth and occupancy stability.
- Upward neighborhood occupancy trend and rising rent trajectory align with steady leasing conditions.
- 1975 vintage offers value-add potential through selective renovations and system upgrades.
- Corporate employers nearby reinforce workforce housing demand and retention.
- Risk: comparatively low home values may compete with rentals; results depend on execution and pricing discipline.