| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Best |
| Demographics | 67th | Best |
| Amenities | 36th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3981 River Pointe Pl, High Point, NC, 27265, US |
| Region / Metro | High Point |
| Year of Construction | 1996 |
| Units | 24 |
| Transaction Date | 2021-12-07 |
| Transaction Price | $44,500,000 |
| Buyer | DEEP RIVER POINTE OWNER LLC |
| Seller | HUDSON CAPITAL DEEP RIVER POINTE LLC |
3981 River Pointe Pl High Point Suburban Multifamily
Solid neighborhood occupancy and a moderate renter base indicate steady leasing potential, according to WDSuite’s CRE market data. The submarket’s income profile supports retention while leaving room for disciplined value-add execution.
This suburban pocket of High Point scores an A neighborhood rating and ranks 25 out of 245 within the Greensboro-High Point metro, placing it in the top quartile among metro neighborhoods. Neighborhood occupancy runs above the metro median and is top quartile nationally, signaling durable renter demand and helping support cash flow stability for well-managed assets.
Amenities are serviceable for daily needs, with grocery and café density competitive among metro peers, though park and pharmacy access are limited. Average school ratings trend above the metro median (rank 19 of 245; 61st percentile nationally), which can support family-oriented renter appeal. Home values sit near national midrange levels, suggesting ownership is relatively accessible; investors should underwrite for some competition from for-sale options while focusing on product differentiation and service quality.
Within a 3-mile radius, population has expanded in recent years while households grew and average household size edged lower, a pattern that typically enlarges the tenant base for smaller-format units. Forward-looking projections indicate households continue to increase even as population growth moderates, implying more, smaller households entering the market and supporting occupancy stability.
Median asking rents track around the national middle with steady five-year growth, while rent-to-income levels in the neighborhood indicate manageable affordability pressure. From a commercial real estate analysis lens, this balance supports retention and measured pricing power for properties that are kept competitive on finishes and operations.
Relative safety indicators are competitive among Greensboro-High Point neighborhoods (rank 28 of 245) and modestly better than the national average (roughly 62nd percentile). Recent trends show notable improvement: estimated violent offenses declined sharply year over year, and property offenses also moved lower. While conditions can vary by block and over time, these directional improvements reduce downside risk for leasing and retention when combined with professional on-site management.
Proximity to regional headquarters anchors a diversified white-collar employment base that supports renter demand through commute convenience and income stability. Notable employers include apparel, tobacco, banking, and life sciences corporates listed below.
- VF — apparel HQ (11.2 miles) — HQ
- Reynolds American — tobacco products (16.1 miles) — HQ
- BB&T Corp. — banking & financial services (16.1 miles) — HQ
- Hanesbrands — apparel (19.7 miles) — HQ
- Laboratory Corp. of America — life sciences & diagnostics (30.0 miles) — HQ
3981 River Pointe Pl is a 1996-vintage, 24-unit suburban multifamily asset in a top-quartile High Point neighborhood where occupancy trends run above the metro median and rank strongly at the national level. The vintage is slightly older than nearby stock on average, suggesting practical value-add or systems modernization opportunities to sharpen competitive positioning and support rent trade-outs without overreaching on premiums.
Within a 3-mile radius, recent population gains and an increase in household counts alongside smaller household sizes point to a larger renter pool for professionally managed properties. Ownership costs are midrange relative to incomes locally, so underwriting should assume some competition with for-sale housing; however, rent-to-income levels indicate manageable affordability pressure that can support retention. According to CRE market data from WDSuite, neighborhood rent growth and income trends are consistent with steady, not speculative, pricing power for well-operated assets.
- Occupancy above metro median and top-quartile national standing support stable leasing
- 1996 vintage offers clear value-add and CapEx planning angles versus newer competitive set
- 3-mile household growth and smaller household sizes expand the tenant base for multifamily
- Midrange ownership costs require differentiation; affordability metrics support retention and measured pricing
- Risk: limited park/pharmacy amenities and accessible ownership options may temper rent growth without upgrades