| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 63rd | Best |
| Amenities | 11th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3529 Ramsay St, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 2007 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3529 Ramsay St, High Point NC Multifamily
Newer-vintage, 24-unit asset in a suburban pocket of High Point where renter demand is supported by stable neighborhood occupancy and above-metro household incomes, according to WDSuite’s CRE market data.
This suburban neighborhood in High Point carries an A- rating and ranks 42 of 245 within the Greensboro–High Point metro, making it competitive among metro neighborhoods. Neighborhood occupancy trends sit in the low-90s with only slight softening over five years, supporting income stability for professionally managed assets.
The property’s 2007 construction is newer than the neighborhood’s average 1999 vintage, which helps competitive positioning versus older stock while limiting near-term capital needs to modernization and systems lifecycle planning. Neighborhood renter concentration is modest (about one-fifth of housing units are renter-occupied), indicating demand skewed toward larger units and family-oriented rentals rather than dense, transient renter clusters. Within a 3-mile radius, renter-occupied share is closer to three-tenths, broadening the tenant base for well-finished multifamily.
Local livability is mixed: overall amenity positioning sits mid-pack in the metro, but cafe density ranks 21 of 245 (above metro norms), while grocery, parks, and pharmacies are thinner in the immediate blocks—residents likely rely on nearby corridors for daily needs. Median contract rents in the neighborhood are competitive among metro peers and sit above the national midpoint, aligning with a high-cost ownership context locally (home values rank near the upper third). This supports leasing resilience and pricing power for quality units without pushing rent-to-income beyond typical retention thresholds.
Demographics aggregated within a 3-mile radius show recent population and household growth, with forward projections indicating more households and smaller average household sizes by the forecast year. This points to renter pool expansion even if headline population flattens, a setup that typically supports occupancy stability and absorption for well-amenitized properties. Based on multifamily property research from WDSuite, these dynamics are consistent with suburban workforce demand rather than downtown turnover-driven leasing.
Neighborhood safety indicators track near the metro middle: the area’s crime rank is 122 out of 245 Greensboro–High Point neighborhoods. Compared nationally, the neighborhood sits below the midpoint, indicating more incidents than typical U.S. neighborhoods but not among the highest-risk cohorts.
Recent year-over-year estimates point to increases in both property and violent offenses. Investors should underwrite prudent security measures, lighting, and resident engagement, and compare incident trends to submarket peers to calibrate insurance and operational assumptions. Framing risk at the neighborhood level—not the property—supports balanced, data-driven expectations.
Proximity to regional headquarters anchors a diverse white-collar employment base, supporting commute convenience and renter retention for professionals. Notable nearby employers include VF, BB&T Corp., Reynolds American, Hanesbrands, and Laboratory Corp. of America.
- VF — apparel HQ (11.6 miles) — HQ
- BB&T Corp. — financial services (16.0 miles) — HQ
- Reynolds American — consumer products (16.0 miles) — HQ
- Hanesbrands — apparel (19.7 miles) — HQ
- Laboratory Corp. of America — diagnostics (30.3 miles) — HQ
The investment case centers on durable suburban fundamentals, newer-vintage construction, and a tenant base supported by strong household incomes and a high-cost ownership landscape relative to metro peers. The 2007 build is advantaged versus the neighborhood’s older average stock, offering competitive finishes and potential to capture premiums with targeted updates while moderating near-term CapEx.
Neighborhood occupancy has remained steady in the low-90s, and within a 3-mile radius households are projected to increase even as average household size declines—an indicator of a larger renting cohort over time. According to commercial real estate analysis from WDSuite, neighborhood rents benchmark competitively in the metro and sit above the national midpoint, supporting pricing power so long as lease management accounts for affordability and amenity access. Key underwriting watchpoints include recent upticks in reported offenses and thinner immediate retail options, which can be mitigated through security, resident programming, and marketing to commuters accessing nearby employment nodes.
- 2007 vintage outperforms older neighborhood stock, reducing near-term CapEx while enabling value-add upgrades.
- Competitive neighborhood rents and high-cost ownership context support pricing power and lease retention.
- Low-90s neighborhood occupancy and 3-mile household growth point to a stable tenant base.
- Access to nearby headquarters expands the pool of professional renters and supports leasing velocity.
- Risks: recent offense increases and limited immediate retail; plan for security, marketing, and amenity positioning.