| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 43rd | Fair |
| Demographics | 15th | Poor |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Whitford Place Ct, Winston Salem, NC, 27107, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1999 |
| Units | 76 |
| Transaction Date | 2019-07-16 |
| Transaction Price | $3,000,000 |
| Buyer | WHITFORD PLACE ESSENTIAL HOUSING LLC |
| Seller | WHITFORD PLACE HARMONY HOUSING LLC |
300 Whitford Place Ct Winston-Salem Multifamily Investment
1999-vintage, 76-unit garden-style asset positioned in an inner-suburban neighborhood with a renter-occupied share in the top quartile among 216 Winston-Salem metro neighborhoods, according to WDSuite’s CRE market data. This supports a deeper tenant base and steadier leasing, though occupancy in the broader neighborhood trends below national norms.
The property sits in an Inner Suburb of Winston-Salem where neighborhood amenities are mixed. Grocery access ranks in the top quartile among 216 metro neighborhoods, cafes are also top quartile, and restaurants are competitive among Winston-Salem neighborhoods. Park, pharmacy, and childcare densities are limited locally, which places more emphasis on on-site amenities and unit features to support resident retention.
Renter demand signals are constructive. The neighborhood’s share of renter-occupied housing units ranks in the top quartile of the 216-neighborhood metro, indicating a deeper pool of prospective tenants and broader support for multifamily absorption. Neighborhood occupancy is below national norms (33rd percentile nationwide), so proactive leasing and renewal strategies remain important for stabilizing cash flow.
Within a 3-mile radius, demographics point to population growth over the past five years and further gains in households by 2028, implying a larger tenant base and gradual renter pool expansion. Household sizes are steady to slightly smaller in projections, which can sustain demand for one- and two-bedroom formats and support occupancy stability for well-managed assets.
Home values in the area are comparatively accessible for the region, which can introduce some competition from entry-level ownership. At the same time, rent-to-income levels sit near national mid-range, suggesting manageable affordability pressure and supporting renewal potential when paired with thoughtful lease management. Neighborhood rents are around the metro middle of the pack (mid-rank locally per WDSuite), aligning with a value-oriented positioning.
The asset’s 1999 construction is newer than the neighborhood’s average 1970s housing stock, offering relative competitiveness versus older properties. Select system updates and common-area refreshes may still be prudent to protect positioning and reduce near- to medium-term capital risk while capturing value-add upside.
Safety indicators are mixed and should be evaluated alongside property-level controls. The neighborhood’s crime rank is below the metro median at 116 out of 216 Winston-Salem neighborhoods, and national comparisons place the area in lower safety percentiles, especially for violent offenses (low national percentile). However, recent year data show a modest improvement in violent incidents, which is a constructive trend.
For investors, this context points to the importance of practical measures such as lighting, access control, and partnerships with professional security where appropriate. Comparative safety trends across Winston-Salem submarkets may influence marketing strategies, retention efforts, and insurance budgeting.
Proximity to established corporate employers supports a steady workforce renter base and commute convenience. Key anchors within the broader employment shed include BB&T Corp., Reynolds American, Hanesbrands, VF, and Laboratory Corp. of America.
- BB&T Corp. — financial services (4.5 miles) — HQ
- Reynolds American — consumer products (4.7 miles) — HQ
- Hanesbrands — apparel (10.9 miles) — HQ
- VF — apparel & footwear (23.3 miles) — HQ
- Laboratory Corp. of America — diagnostics (43.0 miles) — HQ
300 Whitford Place Ct combines a 1999 vintage with a renter-heavy neighborhood profile, offering a solid base of multifamily demand relative to older local stock. According to CRE market data from WDSuite, the neighborhood’s renter-occupied share ranks in the top quartile among 216 metro neighborhoods, while occupancy runs below national norms—pointing to an execution-focused opportunity where thoughtful leasing, turn management, and targeted upgrades can drive stability.
Within a 3-mile radius, population growth and a projected increase in households through 2028 indicate a larger tenant base over time. Amenities are adequate for daily needs (notably groceries and cafes), though limited parks, pharmacies, and childcare options suggest the property’s on-site offerings and management quality will be central to retention. The ownership landscape is relatively accessible locally, which can create some competition with for-sale options, but rent levels sit near the metro middle, supporting a value-oriented position for sustained occupancy.
- 1999 construction offers competitive positioning versus older neighborhood stock, with selective capex/refresh potential
- Top-quartile renter concentration in the neighborhood supports depth of tenant demand
- 3-mile demographics point to population and household growth, reinforcing long-run leasing prospects
- Daily-needs access (groceries/cafes) present; limited parks/childcare/pharmacy elevate the role of on-site amenities
- Risks: neighborhood occupancy below national norms and lower safety percentiles require active leasing and property-level controls