| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Good |
| Demographics | 60th | Best |
| Amenities | 73rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2425 Summerlin Rdg, Winston Salem, NC, 27103, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2004 |
| Units | 120 |
| Transaction Date | 2014-12-01 |
| Transaction Price | $8,610,000 |
| Buyer | CCC Sumemerlin Ridge LLC |
| Seller | Summerlin Ridge LLC |
2425 Summerlin Rdg Winston-Salem 120-Unit Multifamily Investment
Amenity-rich inner-suburb location with a deep renter base supports durable leasing, according to WDSuite’s CRE market data. Moderate neighborhood occupancy suggests disciplined asset management can capture demand without over-reliance on aggressive rent pushes.
This Inner Suburb pocket of Winston-Salem scores an A neighborhood rating and ranks 11th out of 216 metro neighborhoods, placing it in the top quartile locally. Investors benefit from proximity to daily needs: restaurants, groceries, and pharmacies are competitive among Winston-Salem neighborhoods and trend in the top quartile nationally, supporting resident convenience and lease retention.
The property’s 2004 vintage is newer than the neighborhood’s average construction year of 1990. That positioning generally offers competitive appeal versus older stock, while still warranting planning for mid-life system updates and selective renovations to protect NOI.
Neighborhood housing dynamics show a substantial share of renter-occupied units (renter concentration near the top of the metro distribution), indicating depth in the tenant base for multifamily assets. At the same time, neighborhood occupancy is around the middle of the metro pack (rank 127 of 216), which argues for proactive leasing and renewal strategies to maintain stability.
Within a 3-mile radius, recent population and household gains point to a larger tenant base ahead, with projections calling for further growth and slightly smaller average household sizes. For investors, that combination typically supports steady demand for professionally managed rental units and can help sustain occupancy through cycles.
Ownership costs in this area are not at the high end for the region, which can introduce some competition from entry-level ownership options. However, rent levels and rent-to-income metrics suggest room for revenue management while monitoring affordability pressure to preserve renewal rates and reduce turnover.
Safety indicators for the neighborhood are mixed compared with metro and national benchmarks. Crime ranks 122 out of 216 metro neighborhoods, signaling conditions below the metro median. Nationally, safety percentiles are on the lower end, so operators should expect to tailor on-site practices (lighting, access control, resident engagement) to resident expectations.
Trend-wise, violent offenses have shown a recent decline year over year, which is a constructive signal, though property offenses remain comparatively elevated. For investors, this favors continued focus on preventative measures and partnerships with local resources to support resident confidence and retention.
The area draws from a diversified employment base anchored by financial services, consumer goods, and tobacco products headquarters, supporting renter demand through strong commute convenience to nearby corporate offices.
- BB&T Corp. — banking HQ (4.5 miles) — HQ
- Reynolds American — tobacco products (4.7 miles) — HQ
- Hanesbrands — apparel (9.2 miles) — HQ
- VF — apparel & footwear (29.1 miles) — HQ
2425 Summerlin Rdg offers scale at 120 units with a 2004 vintage that stands newer than the neighborhood norm, positioning the asset competitively against older stock while leaving room for targeted value-add. Amenity access is a clear strength, with restaurants, groceries, and pharmacies ranking competitively in the metro and in the top quartile nationally—factors that typically aid retention and reduce leasing friction.
Neighborhood fundamentals indicate a deep renter pool and growing 3-mile demographics, supporting occupancy stability over the medium term. According to CRE market data from WDSuite, neighborhood occupancy trends sit near the metro midpoint, suggesting revenue outcomes will hinge on disciplined operations, targeted upgrades, and close attention to affordability and lease management.
- 2004 vintage relative to a 1990 neighborhood average supports competitive positioning with selective renovation upside
- Amenity-rich location (dining, groceries, pharmacies) supports leasing velocity and renewal rates
- Deep renter concentration and projected 3-mile population and household growth expand the tenant base
- Balanced rent-to-income context offers room for revenue management while monitoring affordability pressure
- Risks: neighborhood safety percentiles are lower and occupancy ranks mid-metro, requiring active operations and resident experience focus