| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 34th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 801 Tara Ct, Winston Salem, NC, 27107, US |
| Region / Metro | Winston Salem |
| Year of Construction | 1983 |
| Units | 46 |
| Transaction Date | 2006-09-11 |
| Transaction Price | $1,190,000 |
| Buyer | AZOREAN PROPERTIES LLC |
| Seller | TARA ASSOCIATES |
801 Tara Ct, Winston-Salem Multifamily Investment
Neighborhood occupancy is competitive and trending upward, supported by a high share of renter-occupied housing units that deepens the tenant base, according to WDSuite’s CRE market data.
Positioned in an inner-suburb pocket of Winston-Salem, the neighborhood shows competitive occupancy versus the metro (ranked 72 of 216 neighborhoods, roughly the top third) with a positive five-year trend. A high renter-occupied share (ranked 9 of 216; among the highest across the metro and in the 96th percentile nationally) points to durable multifamily demand and a deeper leasing funnel for workforce-oriented product.
Within a 3-mile radius, population and household totals have increased, and projections indicate further household growth by mid-decade. This expands the local renter pool, supporting occupancy stability and renewal prospects as more households seek rental options.
Amenity density inside the immediate neighborhood is limited (few cafes, groceries, parks, or pharmacies), so residents typically rely on short drives for daily needs. For investors, this suggests value positioning anchored by access to employment nodes and attainable rents rather than walkable retail.
Home values are lower than many areas nationally, which can make entry-level ownership more accessible and create some competition with rentals. Even so, the elevated renter-occupied concentration and moderate rent-to-income levels (about 0.17 in neighborhood data) support lease retention and steady absorption.
Safety indicators are below national averages, with the neighborhood ranking 74 out of 216 metro neighborhoods—placing it in a mid-to-lower tier locally. National percentiles similarly indicate weaker safety relative to many U.S. neighborhoods.
Recent directionality is constructive: violent-offense rates declined year over year and show stronger improvement relative to national peers. Investors may want to monitor ongoing trends while underwriting to current area norms.
Nearby headquarters in banking, consumer goods, and healthcare provide broad employment anchors that support renter demand and commute convenience for residents.
- BB&T Corp. — banking (4.2 miles) — HQ
- Reynolds American — consumer products (4.3 miles) — HQ
- Hanesbrands — apparel (9.8 miles) — HQ
- VF — apparel & footwear (21.6 miles) — HQ
- Laboratory Corp. of America — healthcare & diagnostics (41.6 miles) — HQ
The property benefits from a renter-heavy neighborhood where occupancy is competitive among Winston-Salem areas and has improved over the past five years. According to CRE market data from WDSuite, a high share of renter-occupied housing supports a deeper tenant base, while attainable neighborhood rents and a moderate rent-to-income profile help sustain retention.
Demographic data aggregated within a 3-mile radius shows recent gains in population and households, with additional household growth projected, supporting ongoing renter pool expansion. Proximity to multiple corporate employers reinforces steady demand, though limited nearby amenities and below-average safety metrics warrant conservative underwriting and focused asset management.
- Competitive neighborhood occupancy with a rising five-year trend
- High renter-occupied concentration supports depth of demand and leasing stability
- 3-mile population and household growth expands the tenant base
- Commute access to major employers underpins workforce housing demand
- Risks: limited amenity density and below-average safety metrics—monitor trends and underwrite conservatively