| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 25th | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 150 Willow Oak Dr, Winston Salem, NC, 27105, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2005 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
150 Willow Oak Dr Winston-Salem 36-Unit 2005 Asset
High renter concentration in the surrounding neighborhood points to a deeper tenant base and consistent leasing, according to WDSuite’s CRE market data.
Located in an inner-suburb pocket of Winston-Salem, the area balances everyday convenience with value-oriented housing. Grocery access is a relative strength (nationally above average), while parks are a standout amenity with a high concentration compared with neighborhoods nationwide. Cafes, restaurants, and pharmacies are limited nearby, which suggests residents lean on broader trade areas for lifestyle and services.
Compared with other parts of the metro, the neighborhood’s overall amenity profile is competitive among 216 Winston-Salem neighborhoods, aided by park access (top quartile nationally) and grocery proximity. Occupancy in the neighborhood trends below the metro median, signaling the need for active leasing and retention focus, but the renter-occupied share is high, supporting depth of demand for multifamily units.
The property’s 2005 construction is notably newer than the neighborhood’s older housing stock (average vintage is mid-20th century). That positioning can be advantageous versus legacy assets, while investors should still underwrite routine system updates and potential light renovations over the hold to remain competitive.
Demographic statistics are aggregated within a 3-mile radius: households have increased in recent years and are projected to grow further, even as average household size trends lower. This pattern typically expands the renter pool and supports occupancy stability. Income growth in the radius has improved, and elevated ownership costs relative to incomes in the immediate neighborhood sustain reliance on rental options, which can aid pricing power when paired with careful lease management.
Affordability deserves attention. Neighborhood rent-to-income ratios indicate some pressure, so operators may prioritize renewal strategies and value-forward amenities to support retention while pacing rent growth to market conditions.
Safety conditions should be evaluated with a comparative lens. The neighborhood’s crime rank sits in the lower third of the 216 Winston-Salem neighborhoods, indicating higher incident levels than many parts of the metro. Nationally, it performs below the midpoint.
Recent trends are directionally positive: estimated violent offense rates have declined sharply year over year, and property offenses have also eased. For investors, this trajectory suggests improving conditions, but underwriting should still reflect the submarket’s relative standing within the metro and the operational measures needed for resident assurance.
Proximity to major corporate headquarters underpins local renter demand by shortening commutes and supporting steady employment. The nearby base is anchored by tobacco, banking, and apparel companies listed below.
- Reynolds American — tobacco HQ (1.18 miles) — HQ
- BB&T Corp. — banking HQ (1.43 miles) — HQ
- Hanesbrands — apparel HQ (5.14 miles) — HQ
- VF — apparel HQ (25.04 miles) — HQ
This 36-unit, 2005-vintage asset is positioned against an older neighborhood baseline, giving it a competitive edge versus legacy stock while leaving room for targeted updates to drive rent premiums. A high share of renter-occupied housing in the neighborhood supports a broad tenant base, and nearby headquarters strengthen employment proximity. According to CRE market data from WDSuite, neighborhood occupancy trends below the metro median, so execution hinges on leasing discipline and retention.
Within a 3-mile radius, households have grown and are projected to expand further, which typically enlarges the renter pool even as household sizes decline. Elevated ownership costs relative to incomes reinforce demand for rental housing, though rent-to-income levels signal affordability pressure—suggesting measured rent growth, thoughtful amenity investments, and resident engagement can help sustain performance.
- 2005 vintage competes well versus older local stock; plan for selective system and interior refreshes.
- High renter-occupied share indicates depth of tenant demand and supports leasing velocity.
- Proximity to multiple HQs supports employment-driven renter demand and retention.
- Risks: neighborhood occupancy below metro median and affordability pressure require disciplined renewals and expense control.