| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 31st | Poor |
| Demographics | 8th | Poor |
| Amenities | 58th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 845 Mock St, Winston Salem, NC, 27127, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2006 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
845 Mock St Winston-Salem Multifamily Investment
Renter demand is supported by a high neighborhood renter-occupied share and proximity to major employers, according to WDSuite’s CRE market data. Expect steady leasing interest with selective value-add potential rather than outsized rent growth.
Positioned in an Inner Suburb of Winston-Salem, the neighborhood offers day-to-day convenience that supports tenant retention. Amenity access ranks in the top quartile among 216 Winston-Salem neighborhoods, with parks, groceries, and restaurants each performing competitively. However, pharmacy and childcare access sit at the bottom of the metro distribution, signaling occasional service gaps residents may need to bridge with short drives.
Multifamily dynamics are mixed. The neighborhood occupancy rate is below the metro median (ranked 175 of 216), so underwriting should emphasize leasing strategies and renewal management. At the same time, renter-occupied housing share is high (ranked 11 of 216), indicating a deep tenant base that typically supports demand stability across cycles.
Within a 3-mile radius, demographics show population growth over the past five years and an increase in total households, with forecasts pointing to further household expansion by 2028. This suggests a larger tenant base and ongoing renter pool expansion, even as average household size trends lower — a pattern that can sustain absorption for smaller formats.
Home values in the neighborhood are lower relative to national norms, and rent-to-income metrics indicate relatively modest rent burden locally. For investors, that combination can support pricing power over time while managing retention carefully; in lower-cost ownership markets, renewal strategies and amenity upgrades help keep rentals competitive with entry-level homeownership.
Vintage matters here: the property was built in 2006, notably newer than the neighborhood’s older average housing stock. That can offer competitive positioning versus mid-century buildings while still planning for mid-life system updates and targeted renovations to meet current renter expectations.
Safety indicators are mixed. The neighborhood’s overall crime rank is competitive among Winston-Salem subareas (ranked 58 out of 216), placing it around the local middle of the pack. Compared with neighborhoods nationwide, safety performance sits below the national median, but recent data show meaningful improvement in violent-offense trends year over year. Investors should view the trajectory as a positive signal while underwriting with conservative assumptions.
Nearby headquarters and corporate offices in finance, consumer products, and apparel create a solid employment base that supports workforce housing demand and convenient commutes for residents.
- BB&T Corp. — banking HQ (1.3 miles) — HQ
- Reynolds American — consumer goods HQ (1.5 miles) — HQ
- Hanesbrands — apparel HQ (7.8 miles) — HQ
- VF — apparel HQ (24.4 miles) — HQ
This 42-unit asset, built in 2006, is newer than much of the surrounding housing stock, offering relative competitiveness and a pathway for targeted value-add through common-area refreshes and unit upgrades. Neighborhood fundamentals show a deep renter base and strong everyday amenities, though local occupancy runs below the metro median and service gaps (pharmacy/childcare) warrant prudent leasing and retention strategies. Based on CRE market data from WDSuite, the area’s renter concentration and access to major employers support durable tenant demand with moderate upside from operational improvements.
Within a 3-mile radius, recent population gains and a larger household count point to a growing tenant pool, with forecasts indicating further household expansion by 2028. Lower relative ownership costs and modest rent-to-income metrics suggest room for disciplined rent growth while maintaining renewal health, especially if management emphasizes convenience, maintenance responsiveness, and amenity value.
- 2006 vintage offers competitive positioning versus older local stock, with manageable mid-life capex planning.
- High renter-occupied share in the neighborhood supports depth of tenant demand across cycles.
- Amenity access (parks, groceries, restaurants) is top-quartile locally, aiding leasing and retention.
- Proximity to multiple corporate headquarters underpins steady workforce housing demand.
- Risks: below-metro occupancy and limited pharmacy/childcare options require conservative underwriting and proactive resident services.