| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 56th | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 155 Weatherwood Ct, Winston Salem, NC, 27103, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1980 |
| Units | 34 |
| Transaction Date | 1997-12-02 |
| Transaction Price | $450,000 |
| Buyer | FERRELL E VERNON |
| Seller | SMITH REALTY OF LEXINGTON INC |
155 Weatherwood Ct Winston-Salem Value-Add Multifamily
1980-vintage, 34-unit asset positioned for renovation-driven upside in an inner-suburban pocket where renter concentration is high and neighborhood metrics are competitive among Winston-Salem submarkets, according to WDSuite’s CRE market data. Neighborhood occupancy trends run soft, so the investment case centers on targeted upgrades and disciplined lease management to capture demand.
Located in an Inner Suburb setting with an A neighborhood rating (ranked 31 out of 216 metro neighborhoods), the area balances daily convenience with steady renter demand. Grocery and pharmacy access is strong relative to the metro, while restaurants and cafes are present at levels that support everyday livability. Parks and childcare options are limited locally, which may modestly narrow the appeal for some household types.
At the neighborhood level, the share of renter-occupied housing is in the top quartile among 216 Winston-Salem neighborhoods, indicating a deep tenant pool and consistent multifamily leasing activity. By contrast, neighborhood occupancy is below the metro median, suggesting near-term leasing and retention will benefit from thoughtful renovation scopes, competitive positioning, and asset-level operations.
Demographic statistics within a 3-mile radius show modest population growth in recent years and an increase in households, with forecasts indicating further household expansion and smaller average household sizes. For investors, this points to a gradually expanding renter base and potential demand for updated, efficient unit layouts that support occupancy stability over time.
Home values in the neighborhood sit below national norms, and median rents have risen from prior periods, according to WDSuite’s commercial real estate analysis. The ownership landscape can create some competition with entry-level buying, but relatively moderate rent-to-income levels support a strategy focused on value-forward upgrades and disciplined pricing to sustain retention.
Schools in the area average around mid-level ratings and score competitively among Winston-Salem neighborhoods. Combined with accessible retail and services, the location fundamentals align with workforce housing demand drivers rather than luxury positioning.
Safety indicators for the neighborhood trend below national norms, with the area positioned below the metro median (ranked 123 out of 216) based on WDSuite’s data. National percentiles for both property and violent offenses are on the lower side, signaling a need for practical on-site measures such as lighting, access control, and visible management presence to support leasing and retention.
Recent year-over-year trends show a modest improvement in violent offense rates, which is a constructive sign. Investors should frame safety as a manageable operational consideration and evaluate property-level enhancements and partnerships that can reinforce a stable resident experience relative to nearby Winston-Salem neighborhoods.
The immediate area is supported by a diversified employer base that can reinforce renter demand through commute convenience, including financial services and consumer goods headquarters. Notable nearby employers include BB&T Corp., Reynolds American, Hanesbrands, and VF.
- BB&T Corp. — financial services (2.7 miles) — HQ
- Reynolds American — tobacco consumer goods (2.9 miles) — HQ
- Hanesbrands — apparel (8.7 miles) — HQ
- VF — apparel & footwear (26.8 miles) — HQ
155 Weatherwood Ct offers a classic 1980 vintage profile in a neighborhood that is competitive among Winston-Salem submarkets and maintains a top-quartile renter concentration. The asset’s age versus the neighborhood’s newer average stock suggests clear value-add pathways—interior upgrades, exterior refresh, and operational enhancements—to improve leasing velocity in an area where neighborhood occupancy trends run soft. According to CRE market data from WDSuite, local amenities and services are solid for an inner-suburban location, and 3-mile demographics indicate a gradually expanding household base that can broaden the tenant pool.
Home values below national norms and moderate rent-to-income levels support a pragmatic strategy: target rent premiums through visible improvements while keeping total housing costs competitive for workforce renters. Safety metrics trail national benchmarks but have shown some recent improvement; prudent on-site measures and resident engagement can help support retention and stabilize performance.
- 1980 vintage creates tangible renovation and repositioning upside versus newer neighborhood stock.
- Top-quartile renter concentration among 216 metro neighborhoods supports depth of tenant demand.
- Inner-suburban amenities and a growing 3-mile household base support occupancy stability post-upgrade.
- Balanced pricing strategy can capture rent lift while preserving retention in a high-rent-to-income–sensitive segment.
- Risks: below-metro neighborhood occupancy and safety perceptions require targeted CapEx, leasing focus, and on-site management.