| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 33rd | Poor |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3200 Starlight Dr, Winston Salem, NC, 27107, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | 2006-01-12 |
| Transaction Price | $1,037,000 |
| Buyer | TWO THREE TWO INVESTMENT SL LLC |
| Seller | GULF COAST QUALIFIED INTERMEDIARY LLC |
3200 Starlight Dr, Winston-Salem Multifamily Investment
Neighborhood occupancy trends and a sizable renter base point to steady leasing fundamentals, according to WDSuite’s CRE market data. Moderate rent-to-income levels suggest room for disciplined rent management without overextending affordability.
With a B+ neighborhood rating and a rank of 70 among 216 Winston-Salem neighborhoods, this location is competitive within the metro. Occupancy is above the national median (61st percentile), supporting stability for multifamily operations relative to national peers.
Daily convenience is supported by a strong cafe presence (93rd percentile nationally) and solid grocery access (69th percentile). However, park space and pharmacies are limited locally (both at the national low end), which may require residents to travel slightly farther for recreation and certain services—considerations for tenant experience and retention strategies.
Within a 3-mile radius, approximately 52% of housing units are renter-occupied, indicating depth in the tenant pool. Population has grown in recent years and projections suggest relatively flat headcounts ahead, while household totals are expected to rise alongside smaller average household sizes—dynamics that typically expand the renter pool and support occupancy.
Ownership costs in the neighborhood sit on the lower end nationally (home values around the 14th percentile), which can introduce some competition from entry-level ownership options. Even so, a neighborhood rent-to-income ratio near 0.24 points to manageable affordability pressure—helpful for lease retention and measured pricing power in line with local demand.
Safety outcomes trend below national averages in this area. Violent offenses benchmark around the 19th percentile nationally and property offenses around the 33rd percentile, signaling that operators should emphasize lighting, access controls, and resident engagement to support on-site safety.
Within the Winston-Salem metro, the neighborhood’s crime rank is 77 out of 216, placing it on the less-safe side locally. That said, recent momentum is constructive: violent offense rates declined by roughly 27.5% year over year, a directionally positive trend for near-term operating risk management.
Proximity to regional headquarters and corporate offices supports a stable employment base and commute convenience for renters, notably in financial services, tobacco, and apparel.
- BB&T Corp. — banking (3.1 miles) — HQ
- Reynolds American — tobacco (3.3 miles) — HQ
- Hanesbrands — apparel (9.6 miles) — HQ
- VF — apparel (24.8 miles) — HQ
This 48-unit, 1978-vintage asset sits in a competitive Winston-Salem neighborhood where occupancy trends are above the national median and the 3-mile renter concentration is substantial—factors that underpin leasing stability. The vintage is newer than the area’s typical construction year, offering relative competitiveness versus older stock while still leaving room for targeted modernization and systems upgrades as part of a value-add plan.
Cafe and grocery access are solid, and nearby corporate headquarters help anchor employment, supporting demand and retention. At the same time, ownership is comparatively accessible in this submarket, so disciplined pricing and resident experience will be important. These dynamics, according to CRE market data from WDSuite, suggest a balanced path for income growth that prioritizes occupancy while managing affordability and operating risk.
- Competitive neighborhood positioning (rank 70 of 216) with occupancy above the national median supports stable leasing.
- 1978 vintage offers relative advantage over older local stock with clear modernization/value-add levers.
- Strong nearby employment anchors and convenient amenities bolster tenant demand and retention.
- Manageable rent-to-income dynamics support measured pricing power while prioritizing occupancy.
- Risks: safety metrics below national averages and limited parks/pharmacies; potential competition from entry-level homeownership.