| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 38th | Fair |
| Amenities | 28th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5310 Indiana Ave, Winston Salem, NC, 27106, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1978 |
| Units | 72 |
| Transaction Date | 2007-08-20 |
| Transaction Price | $875,000 |
| Buyer | GINKGO BRIDGE-RIDGE LLC |
| Seller | BRIDGEWOOD AND RIDGECREST APARTMENTS LLC |
5310 Indiana Ave Winston-Salem Multifamily Investment
Neighborhood occupancy trends appear resilient with a deep renter base, according to WDSuite’s CRE market data. For investors, this points to steady demand with pricing best managed through careful lease underwriting.
Located in an inner-suburb pocket of Winston-Salem, the neighborhood ranks 42 out of 216 metro neighborhoods (A- rating), indicating it is competitive among Winston-Salem neighborhoods. Occupancy levels are above the metro median and track in the upper half nationally, supporting stability for day-to-day operations and renewals.
Local amenities are mixed: strong density of cafes and pharmacies places the area among the stronger amenity clusters metro-wide, while limited parks and full-service grocery options nearby may push some residents to drive for errands. For investors, the amenity pattern supports daily convenience but may not command top-tier premiums on its own.
The renter-occupied share of housing units within the neighborhood is very high, indicating a deep tenant base for multifamily. Within a 3-mile radius, demographics show households roughly steady in recent years and projections indicate meaningful growth in households by 2028, implying a larger tenant base and potential renter pool expansion. Median incomes in the 3-mile area have been rising, which may help support rent levels as new supply competes for demand.
Home values in the neighborhood are elevated relative to local incomes (high value-to-income ratio), which generally sustains reliance on rental housing and can support retention and occupancy. At the same time, rent-to-income measures suggest affordability pressure for some renter cohorts; operators should emphasize income verification and renewal management. The property’s 1979 vintage is older than the neighborhood average construction year (late 1980s), pointing to potential value-add through targeted renovations and systems upgrades—balanced against capital planning.
Taken together, this submarket offers working household demand drivers, steady occupancy, and a deep renter pool, with performance best supported by pragmatic expense control and focused amenity improvements. These dynamics align with findings from WDSuite’s multifamily property research across similar inner-suburban locations.
Relative to other Winston-Salem neighborhoods, this area ranks 124 out of 216 for crime, which is below the metro median for safety. Compared with neighborhoods nationwide, safety percentiles fall in the lower ranges, signaling that investors should underwrite with realistic assumptions for security measures and potential loss mitigation.
Recent data shows a modest uptick in violent incidents and a larger one-year increase in property-related offenses. While conditions can vary block to block, the directional trend suggests monitoring incident reports and coordinating with on-site management to maintain lighting, access controls, and resident engagement. This framing is based on WDSuite’s CRE market data for the surrounding neighborhood, not the property itself.
Proximity to major corporate offices supports commuter convenience and broadens the renter base, particularly for workforce and office-oriented households. Key nearby employers include apparel and consumer brand headquarters and diversified financial services.
- Hanesbrands — corporate offices (2.8 miles) — HQ
- Reynolds American — corporate offices (4.5 miles) — HQ
- BB&T Corp. — corporate offices (4.6 miles) — HQ
- VF — corporate offices (27.3 miles) — HQ
5310 Indiana Ave offers exposure to a renter-heavy neighborhood with occupancy above the metro median and competitive performance versus peer submarkets. According to CRE market data from WDSuite, the area’s high renter concentration and steady occupancy support day-one stability, while the property’s 1979 vintage suggests value-add potential through unit and systems modernization to improve competitiveness against newer stock.
Within a 3-mile radius, projections point to growth in households and higher incomes over the next five years, which should expand the tenant base and bolster leasing velocity. Counterbalancing considerations include affordability pressure for some renters and neighborhood safety metrics that trend below national averages—factors best addressed through disciplined screening, asset-specific security measures, and thoughtful renewal strategies.
- High renter concentration and above-median neighborhood occupancy support demand stability
- 1979 vintage offers value-add potential through targeted interior and systems upgrades
- 3-mile household and income growth outlook supports a larger tenant base
- Risks: affordability pressure and below-average safety metrics require disciplined leasing and on-site security planning