| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 10th | Poor |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Omega Ct, Winston Salem, NC, 27101, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1990 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Omega Ct Winston-Salem Multifamily Investment
Renter demand is supported by a high neighborhood share of renter-occupied units and proximity to major employers, while occupancy has trended upward, according to WDSuite’s CRE market data.
Located in an inner-suburb setting of Winston-Salem, the neighborhood rates C+ and is competitive among Winston-Salem neighborhoods for daily conveniences, with amenities ranking in the top quartile metro-wide (27 of 216). Restaurants and grocery access compare favorably versus many local peers, while parks and cafes are thinner, which can modestly influence lifestyle appeal but typically does not deter workforce renters.
Construction in the immediate area skews older (average 1972), and the subject property’s 1990 vintage is newer than much of the surrounding stock. That positioning can support leasing versus older comparables, though investors should underwrite for selective modernization of systems and interiors given the asset’s age.
The neighborhood exhibits a high renter concentration, with roughly two-thirds of housing units renter-occupied. For investors, this indicates a deep tenant base and steadier leasing velocity for a 24-unit asset, even as the neighborhood occupancy level sits below metro leaders. Notably, occupancy has improved over the last five years, a constructive directional signal for cash flow durability.
Within a 3-mile radius, population and households have grown, and WDSuite data point to continued renter pool expansion over the next five years amid smaller average household sizes. This supports ongoing demand for multifamily units and can aid retention, especially for well-maintained properties offering more accessible rents. Median home values in the neighborhood remain lower than many national markets, which may introduce some competition from ownership options; however, that same context helps sustain multifamily relevance by positioning rentals as a practical choice for a broad wage spectrum.
Safety indicators for the neighborhood sit below national averages, with WDSuite showing comparatively elevated property and violent offense rates versus many U.S. neighborhoods. Within the Winston-Salem metro, the area does not rank among the safer sub-areas, though it is not the most challenged either.
Trend-wise, violent offenses have declined year over year, an encouraging improvement that aligns with better relative momentum compared with many neighborhoods nationwide. Investors typically address local safety context through property-level measures (lighting, access control) and attentive management to support tenant retention and leasing stability.
Employment anchors nearby include headquarters operations and regional corporate offices that sustain a steady commuter base, supporting renter demand for workforce housing and convenient urban access. The most relevant nearby employers are Reynolds American, BB&T Corp., Hanesbrands, VF, and Laboratory Corp. of America.
- Reynolds American — tobacco headquarters (0.7 miles) — HQ
- BB&T Corp. — banking headquarters (0.78 miles) — HQ
- Hanesbrands — apparel headquarters (6.62 miles) — HQ
- VF — apparel & footwear headquarters (24.25 miles) — HQ
- Laboratory Corp. of America — diagnostics headquarters (44.44 miles) — HQ
The 24-unit asset at 150 Omega Ct benefits from a deep renter base and proximity to multiple corporate headquarters, while its 1990 vintage is newer than the surrounding neighborhood average, supporting competitive positioning versus older stock. Neighborhood occupancy is below metro leaders but has improved over the last five years, suggesting stabilizing demand. Within a 3-mile radius, population and households are expanding with forecasts for further household growth and smaller sizes, which typically enlarges the renter pool and supports lease-up and retention.
Home values in the neighborhood are relatively modest in a national context, which can create some competition from ownership; however, a high share of renter-occupied housing and accessible rents help sustain multifamily relevance. According to CRE market data from WDSuite, amenity access is stronger than many local peers, and renter concentration remains a core demand driver, while investors should still plan for targeted capital to modernize building systems and finishes.
- 1990 vintage offers a competitive edge versus older neighborhood stock, with value-add potential via selective upgrades.
- High renter-occupied share indicates a deep tenant base and supports leasing stability.
- Household growth and smaller sizes within 3 miles expand the renter pool, aiding occupancy and retention.
- Amenity access competitive among local neighborhoods, supporting location fundamentals for workforce renters.
- Risks: below-metro-leading occupancy and area safety metrics require proactive management and thoughtful capital planning.