| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Good |
| Demographics | 52nd | Good |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3601 Maldon Way, High Point, NC, 27260, US |
| Region / Metro | High Point |
| Year of Construction | 2001 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3601 Maldon Way High Point Multifamily Investment
Neighborhood occupancy is strong and stable, supporting smaller assets like this 20‑unit property, according to WDSuite’s CRE market data. Renter demand is reinforced by a balanced renter-occupied share in the area and steady amenity access.
This Suburban neighborhood in High Point ranks in the top quartile among 245 metro neighborhoods (A rating), signaling durable housing fundamentals for multifamily investors. Occupancy in the surrounding area trends high, helping underpin income stability and lease retention relative to metro peers.
Amenity access is above the national median, with dining, cafes, parks, and pharmacies scoring in the upper-half of national percentiles. While grocery options are closer to the national midpoint, the overall mix supports everyday livability and reduces friction for residents.
The property s 2001 vintage is newer than the neighborhood s average construction year (1984). That positioning can be competitive versus older stock, though investors should plan for selective system updates and potential common-area refresh to maintain leasing velocity.
Within a 3-mile radius, roughly four in ten housing units are renter-occupied, indicating a sizable tenant base for a 20-unit asset and supporting absorption for turn units. Over the past five years, households increased even as population edged down, pointing to smaller household sizes and a steady flow of renters. Looking ahead to 2028, forecasts show growth in both population and households within the 3-mile radius, which should expand the renter pool and support occupancy stability.
Home values in the neighborhood are lower than many national peers, which can create some competition from ownership alternatives. However, rent-to-income levels sit near manageable ranges locally, suggesting affordability pressures are moderate and can aid lease retention and pricing discipline as leases roll.
Safety metrics for the neighborhood sit roughly mid-pack among 245 metro neighborhoods and below the national median. Recent trend data is mixed but improving in key areas: estimated violent offenses declined by about 30% year over year, and property offense levels also moved lower on a one-year basis. Investors should underwrite routine security and lighting measures while noting the downward trend as a constructive signal.
Regional headquarters and corporate offices within commuting range underpin renter demand through diverse white-collar employment, supporting retention for workforce and professional tenants. Nearby employers include VF, BB&T Corp., Reynolds American, Hanesbrands, and Laboratory Corp. of America.
- VF corporate offices (13.6 miles) HQ
- BB&T Corp. corporate offices (19.1 miles) HQ
- Reynolds American corporate offices (19.2 miles) HQ
- Hanesbrands corporate offices (23.7 miles) HQ
- Laboratory Corp. of America corporate offices (29.8 miles) HQ
2001 construction provides a relative edge versus older neighborhood stock, with selective capital improvements likely to keep the asset competitive. High neighborhood occupancy and an A-rated, top-quartile position within the Greensboro–High Point metro indicate resilient fundamentals and support for steady collections. According to CRE market data from WDSuite, local rent-to-income dynamics and amenity coverage align with stable leasing conditions rather than acute affordability pressure.
Within a 3-mile radius, households have grown and are projected to expand further by 2028, pointing to a larger tenant base and support for occupancy stability. Lower local ownership costs may present competition for some renters, but the balanced renter concentration and proximity to regional headquarters provide ongoing depth of demand.
- Strong neighborhood occupancy and top-quartile metro ranking support income durability.
- 2001 vintage offers competitive positioning versus older stock with targeted CapEx.
- Expanding 3-mile household counts point to a growing renter pool and leasing stability.
- Proximity to multiple corporate headquarters supports tenant demand and retention.
- Risk: relatively accessible ownership options can compete with rentals; plan for leasing strategies and amenity upkeep.