| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 63rd | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3731 University Pkwy, Winston Salem, NC, 27106, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1994 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3731 University Pkwy Winston-Salem Multifamily Investment
Renter demand is supported by a sizable tenant base and neighborhood-level occupancy near the national mid-range, according to WDSuite's CRE market data. Household growth projected within three miles points to steady leasing fundamentals if supply remains measured.
Positioned in Winston-Salem's Inner Suburb (neighborhood rating: B+), the property benefits from everyday convenience and a broad renter pool. Neighborhood occupancy trends sit around the national mid-range, which helps support income stability without relying on outsized rent pushes.
Daily needs access is a relative strength: grocery availability ranks competitive among Winston-Salem neighborhoods (9 out of 216) and sits in the top quartile nationally by density. By contrast, cafes, parks, and pharmacies are limited in the immediate neighborhood, and restaurants are present at moderate levels, which suggests a practical living node rather than a destination district.
Within a 3-mile radius, 58.8% of housing units are renter-occupied, indicating a deep tenant base for multifamily. Over the last five years, the local population dipped slightly while household counts edged up, pointing to smaller household sizes and continued rental need; forward-looking WDSuite projections indicate growth in both population and households through 2028, which would expand the renter pool and support occupancy stability.
Ownership costs in this neighborhood are lower relative to national benchmarks, which can introduce some competition from entry-level ownership options. At the same time, median rent levels and a rent-to-income profile near the national mid-range suggest manageable affordability pressure, aiding lease retention and steady absorption for well-managed assets.
Safety conditions are mixed relative to peers. The neighborhood's crime profile sits below the national average for safety (around the 35th percentile), indicating higher incident rates than many U.S. neighborhoods. Within the Winston-Salem metro, the area ranks 97 out of 216 neighborhoods, placing it below the metro median for safety.
Recent trends are nuanced: estimated violent offenses have declined year over year (an improvement that is competitive nationally), while property offenses have increased versus the prior year. Investors should underwrite to current conditions and monitor trend direction, as safety perceptions can influence leasing velocity and retention.
Nearby corporate anchors provide a meaningful employment base that supports renter demand and commute convenience, including Hanesbrands, Reynolds American, BB&T Corp., and VF — all with headquarters presence.
- Hanesbrands — apparel (3.3 miles) — HQ
- Reynolds American — tobacco products (3.5 miles) — HQ
- BB&T Corp. — banking (3.7 miles) — HQ
- VF — apparel & footwear (26.7 miles) — HQ
This 60-unit asset sits in a practical Inner Suburb location with neighborhood occupancy near the national mid-range and a deep renter base in the surrounding 3-mile radius. According to CRE market data from WDSuite, grocery access is a relative strength for daily needs while entertainment-oriented amenities are thinner, positioning the area as a convenience-oriented housing node.
Demographic patterns within three miles suggest a larger tenant base ahead: household counts are projected to grow through 2028 alongside population expansion, which supports leasing stability and renewals. While local ownership costs are lower than national levels — a potential competitive factor — rent levels and rent-to-income dynamics indicate manageable affordability pressure, enabling disciplined revenue management rather than aggressive concessions.
- Neighborhood occupancy around national mid-range supports steady income performance
- Deep 3-mile renter base with projected household growth expands the tenant pool
- Strong grocery access enhances day-to-day livability for workforce renters
- Risk: Safety ranks below metro median and amenity gaps (parks/cafes) may temper top-end rent growth
- Risk: Lower ownership costs regionally can compete with renting; focus on retention and service quality