| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 63rd | Best |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3505 Ramsay St, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3505 Ramsay St High Point Multifamily Investment
According to WDSuite’s CRE market data, neighborhood-level occupancy appears steady and rent burdens are manageable, pointing to durable retention for well-operated assets in this High Point submarket.
The property sits in a suburban pocket of High Point with an A- neighborhood rating and a renter concentration that is lower than the metro average, indicating a primarily owner-occupied area with a defined but selective tenant base. Neighborhood-level occupancy is in the middle of the pack locally, which suggests stable leasing but rewards active management to maintain performance.
Amenity access skews toward dining and coffee options rather than daily-needs retail: the neighborhood ranks 21st out of 245 Greensboro–High Point neighborhoods for cafes and 68th for restaurants, placing it competitive to top quartile locally for coffee and above metro median for dining. In contrast, parks, groceries, and pharmacies are sparse within the neighborhood boundary, so residents typically rely on nearby corridors for essentials.
For investors evaluating asset quality relative to local stock, the average neighborhood vintage trends around the late 1990s, while this property’s 2007 construction provides a newer competitive set versus older product; still, two-decade-old systems may benefit from targeted modernization to reinforce positioning. Home values in the area are elevated for the metro, which can sustain rental demand as many households favor more accessible rental options, supporting pricing discipline without overreliance on concessions.
Demographic statistics aggregated within a 3-mile radius show recent population and household growth over the last five years, with projections indicating more households even as average household size declines. This points to a larger tenant base over time and supports occupancy stability for professionally managed multifamily, particularly when paired with a neighborhood rent-to-income profile that remains supportive of lease retention.
Safety indicators are mixed and sit near the metro middle: the neighborhood’s crime rank is 122 out of 245 Greensboro–High Point neighborhoods, reflecting conditions that are neither among the highest- nor lowest-incidence areas locally. Nationally, the area trends around the midpoint, with violent incident measures modestly better than the national middle and property incidents closer to average.
Recent data also signals a year-over-year uptick in property-related incidents. For investors, pragmatic steps such as lighting, access control, and partnership with local patrols can help support resident satisfaction and retention without overcapitalizing.
The employment base includes several regional headquarters across apparel, finance, and healthcare services within commuting range, which underpins renter demand for workforce and professional housing in this submarket.
- VF — apparel (11.6 miles) — HQ
- BB&T Corp. — finance (15.9 miles) — HQ
- Reynolds American — consumer products (15.9 miles) — HQ
- Hanesbrands — apparel (19.7 miles) — HQ
- Laboratory Corp. of America — healthcare services (30.3 miles) — HQ
Built in 2007 with 24 units, the asset offers newer-vintage positioning relative to a neighborhood stock that skews late 1990s. That vintage edge can reduce near-term competitive pressure versus older Class B/C properties, while selective upgrades (common areas, technology, HVAC/roof cycles) can enhance rent attainment and reinforce occupancy. Neighborhood-level rents are supported by a favorable rent-to-income profile, and household growth within a 3-mile radius expands the renter pool, aiding leasing stability. Based on CRE market data from WDSuite, local occupancy trends are steady and consistent with a submarket that rewards operational focus.
The area’s amenity mix leans toward dining and coffee with fewer in-neighborhood daily services, and safety readings are around the metro midpoint with a recent uptick in property incidents—factors to underwrite via security and convenience enhancements. Elevated home values in the neighborhood context help sustain renter reliance on multifamily, supporting pricing power without aggressive concessions, while an owner-leaning tenure mix indicates demand is driven by households prioritizing location and quality.
- 2007 construction offers competitive positioning versus older local stock, with targeted modernization upside.
- Neighborhood-level occupancy and rent-to-income support steady retention and disciplined pricing.
- 3-mile household growth points to a deeper tenant base and supports leasing stability.
- Proximity to multiple regional headquarters supports professional workforce demand.
- Risks: limited in-neighborhood daily services and a recent property-incident uptick call for security and convenience investments.