| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 64th | Best |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 231 Brierhurst Rd, Winston Salem, NC, 27104, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1985 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
231 Brierhurst Rd Winston-Salem Multifamily Investment
Neighborhood occupancy is firm and renter demand is supported by nearby amenities, according to WDSuite’s CRE market data, positioning this asset for stable leasing in an inner-suburban location.
The property sits in an Inner Suburb neighborhood rated A and ranked 13th among 216 Winston-Salem neighborhoods, indicating competitive fundamentals in the metro. Neighborhood occupancy is elevated and in the top quartile among 216 metro neighborhoods, supporting lease stability for professionally managed multifamily.
Local convenience is a strength: grocery and pharmacy access rank in the top quartile across 216 metro neighborhoods, and cafe density is also competitive. However, public parks and formal childcare options are comparatively sparse within the neighborhood, suggesting amenities skew toward daily retail rather than recreation or early-education services.
Renter concentration in the neighborhood is high at roughly 63% of housing units being renter-occupied, creating a deep tenant base and reinforcing demand for multifamily product. Median contract rents in the neighborhood have grown meaningfully over the past five years, while the rent-to-income ratio remains moderate, supporting retention and measured pricing power.
Within a 3-mile radius, population and household counts have grown and are projected to expand further, implying a larger tenant base ahead. Median home values in the neighborhood sit below many coastal markets, and the value-to-income ratio trends higher than the national midpoint, which can sustain reliance on rental housing and support consistent absorption.
Safety trends are mixed relative to peers. The neighborhood’s crime rank sits in the lower half of the Winston-Salem metro (92 out of 216), and national percentiles indicate below-average safety compared with neighborhoods nationwide. Property crime measures track weaker than mid-national levels, while estimated violent offense rates have eased year over year, indicating incremental improvement.
Investors should evaluate on-site security practices and lighting, and consider how neighborhood-level trends compare with submarket and citywide patterns over time rather than single-year snapshots.
Proximity to major corporate employers supports commuter demand and retention potential for workforce and professional renters. Nearby anchors include financial services and consumer goods headquarters that draw steady white-collar employment.
- BB&T Corp. — banking HQ (5.6 miles) — HQ
- Reynolds American — consumer goods HQ (5.8 miles) — HQ
- Hanesbrands — apparel HQ (8.5 miles) — HQ
- VF — apparel & footwear HQ (30.6 miles) — HQ
Built in 1985 with 120 units, the asset is slightly newer than the neighborhood’s average vintage, offering competitive positioning versus older local stock while still warranting planning for aging systems and targeted modernization. Neighborhood fundamentals are supportive: occupancy is in the top quartile among 216 Winston-Salem neighborhoods and renter concentration is high, which together point to depth of demand and leasing durability. According to CRE market data from WDSuite, neighborhood rents have risen materially over five years while rent-to-income levels remain manageable, aiding tenant retention.
Within a 3-mile radius, population and households have expanded and are projected to grow further, implying a larger renter pool in coming years. Median home values and a higher value-to-income ratio at the neighborhood level reinforce reliance on rental housing, supporting steady absorption for well-managed properties. Key watch items include property crime benchmarks that lag national averages, limited park and childcare amenities locally, and standard capex needs associated with a mid-1980s build.
- Top-quartile neighborhood occupancy among 216 metro peers supports leasing stability
- High renter-occupied share indicates a deep tenant base for multifamily
- 1985 vintage offers competitive positioning with value-add and system upgrades to drive NOI
- 3-mile population and household growth point to ongoing renter pool expansion
- Risks: below-average national safety percentiles, limited parks/childcare, and mid-1980s capex requirements