| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 26th | Poor |
| Demographics | 26th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5068 Lansing Dr, Winston Salem, NC, 27105, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2003 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5068 Lansing Dr, Winston-Salem NC — 42-Unit Multifamily
2003 vintage positions the asset competitively versus older neighborhood stock while maintaining accessible rents that support tenant retention, according to WDSuite’s CRE market data.
The property’s 2003 construction is newer than much of the surrounding neighborhood, where the average build year skews mid‑20th century. That vintage edge can reduce near-term capital needs and enhance leasing appeal versus older comparables, though periodic systems upgrades may still be prudent as the asset matures.
Local amenities within the immediate neighborhood are limited, suggesting a more car-oriented setting. School performance metrics trail broader benchmarks, and the neighborhood’s overall rating sits toward the lower end of the Winston‑Salem spectrum (ranked 214 among 216 metro neighborhoods), indicating weaker near-term livability indicators compared with many submarkets.
Rents in the neighborhood remain accessible relative to incomes (rent-to-income ratios tracking on the lower side), which can support occupancy stability but may temper near-term pricing power. Within a 3‑mile radius, approximately 42% of housing units are renter‑occupied, indicating a meaningful tenant base for multifamily operators and depth for workforce housing. Home values in the vicinity are comparatively low for the region, which can introduce some competition from entry-level ownership; careful lease management and finish-level positioning can help sustain demand.
Occupancy in the neighborhood has trended below metro norms, so investors should underwrite conservatively and focus on operational execution and targeted value‑add that aligns with local demand. This commercial real estate analysis reflects conditions at the neighborhood scale and is grounded in WDSuite’s data for Winston‑Salem and comparable U.S. neighborhoods.
Safety indicators for the neighborhood track below national norms, with reported crime ranking 93rd out of 216 Winston‑Salem metro neighborhoods (lower ranks indicate more crime). At the national level, safety percentiles point to elevated property and violent offense exposure relative to many neighborhoods.
Recent trends show a decline in violent incidents year over year, which is a constructive direction, but investors should still consider visibility, lighting, access control, and partnership with local patrols in the operating plan. Frame safety expectations comparatively at the neighborhood level rather than block‑specific assumptions.
Proximity to major employers supports renter demand from a diverse workforce, with convenient commutes to consumer goods, apparel, banking, and life sciences offices listed below.
- Reynolds American — tobacco/consumer goods (4.0 miles) — HQ
- Hanesbrands — apparel (4.1 miles) — HQ
- BB&T Corp. — banking (4.3 miles) — HQ
- VF — apparel (23.0 miles) — HQ
- Laboratory Corp. of America — life sciences (43.3 miles) — HQ
Built in 2003 with 42 units, the property offers a relative vintage advantage versus nearby stock, helping its competitive positioning on finishes and deferred maintenance. Within a 3‑mile radius, the renter‑occupied share of housing is substantial, and WDSuite’s data indicates population and household counts are projected to grow over the next five years, expanding the tenant base and supporting occupancy stability.
Neighborhood rents remain accessible relative to incomes, creating potential for steady lease-up and retention while suggesting measured rent growth expectations. Nearby anchor employers in downtown Winston‑Salem deepen the commuter pool. Risks include below‑metro neighborhood occupancy, limited immediate amenities, and safety metrics that trail national percentiles; an active management plan and targeted value‑add should be underwritten accordingly, based on multifamily property research from WDSuite.
- 2003 vintage relative to older neighborhood stock supports competitive positioning and moderated near-term capital needs
- Expanding 3‑mile renter pool and household growth bolster demand and occupancy stability
- Accessible rents aid lease-up and retention; calibrate pricing to sustain absorption
- Employment access to Reynolds American, Hanesbrands, and BB&T supports workforce housing demand
- Risks: below‑metro neighborhood occupancy, limited amenities, and safety metrics below national norms require active management