| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 56th | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 151 Weatherwood Ct, Winston Salem, NC, 27103, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1982 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
151 Weatherwood Ct, Winston-Salem NC Multifamily
Neighborhood data point to steady renter demand supported by a high share of renter-occupied units in the area, according to WDSuite s CRE market data, with pricing positioned mid-market rather than luxury. These indicators refer to the surrounding neighborhood, not the property, and suggest stable leasing fundamentals for a 36-unit asset.
The property sits in an inner-suburb pocket of Winston-Salem that scores well on neighborhood fundamentals (A rating) relative to the metro. Caf e9 and restaurant density is competitive among Winston-Salem neighborhoods (ranks 17 and 30 out of 216, respectively) and tracks near the middle of national peers, while grocery and pharmacy access test above the metro median. Limited park and childcare options are a local gap. These amenity metrics describe the neighborhood, not the property.
Renter concentration in the neighborhood is high (share of housing units that are renter-occupied measures in the upper decile nationally), which typically supports a deeper tenant base and more resilient lease-up for workforce-oriented product. Median asking rents in the neighborhood sit around the national mid-range, and the rent-to-income ratio indicates moderated affordability pressure, which can aid retention and reduce turnover risk during renewals.
Construction patterns skew newer across the neighborhood (average vintage 1992), while this asset a0was built in 1982. For investors, the older vintage can translate to targeted capital planning and potential value-add scope (exteriors, interiors, or systems) to narrow the competitive gap with 1990s stock.
Within a 3-mile radius, demographics show modest population growth historically with a projected increase in households alongside smaller average household sizes over the next five years. This shift points to a larger pool of households relative to population, which can expand the renter base and support occupancy stability. School ratings for nearby public options trend slightly above the national midpoint, which can be a plus for retention in family-oriented unit mixes.
Safety indicators for the neighborhood track below national medians, with crime levels placing the area in lower national percentiles. Within the metro, the neighborhood ranks 123rd out of 216 for crime, positioning it below the metro median. While violent offense estimates have shown recent improvement year over year, property offenses remain elevated versus national peers. These are neighborhood-level trends and can vary block to block; investors typically account for them through on-site security practices, lighting, and resident screening.
Proximity to established corporate offices provides a steady white-collar employment base that can support renter demand and reduce commute friction for residents. Notable nearby employers include BB&T Corp., Reynolds American, Hanesbrands, and VF.
- BB&T Corp. d corporate offices (2.6 miles) d HQ
- Reynolds American d corporate offices (2.9 miles) d HQ
- Hanesbrands d corporate offices (8.7 miles) d HQ
- VF d corporate offices (26.8 miles) d HQ
151 Weatherwood Ct offers investors exposure to a renter-heavy neighborhood with mid-market rents and access to major employers nearby. The 1982 vintage is older than the neighborhood b4s early-1990s average, suggesting clear value-add and capital planning avenues to enhance competitiveness and drive NOI. Neighborhood occupancy has softened in recent years, but high renter concentration provides a broader tenant pool that can support leasing velocity and renewal capture. These observations are based on CRE market data from WDSuite and reference neighborhood conditions, not the property.
Within a 3-mile radius, recent population growth has been modest, while household counts are projected to increase as average household size declines. This typically expands the renter pool and supports occupancy stability for well-positioned assets. Ownership costs in the broader area remain comparatively accessible, so thoughtful amenity and finish upgrades can help multifamily remain the preferred choice for convenience-oriented renters.
- High renter-occupied share in the neighborhood supports a deep tenant base and steady leasing
- 1982 vintage creates tangible value-add potential versus 1990s neighborhood stock
- Mid-market neighborhood rents and moderated rent-to-income dynamics aid renewal retention
- Access to multiple nearby corporate headquarters underpins workforce demand
- Risk: neighborhood safety is below national medians and occupancy has trended lower; underwriting should reflect security and marketing assumptions