| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 44th | Fair |
| Demographics | 83rd | Best |
| Amenities | 24th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 702 Westchester Dr, High Point, NC, 27262, US |
| Region / Metro | High Point |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
702 Westchester Dr High Point Multifamily Investment
Neighborhood occupancy has generally held in the high-80s, according to WDSuite’s CRE market data, suggesting stable tenant demand at attainable rents. Balanced renter concentration in the broader 3-mile area supports leasing depth without overreliance on any single tenant segment.
This Inner Suburb area of High Point carries an A- neighborhood rating and ranks 40 out of 245 Greensboro–High Point neighborhoods, making it competitive among Greensboro–High Point neighborhoods for investors seeking steady fundamentals. According to CRE market data from WDSuite, median household income levels sit above many peer areas (69th percentile nationally), which can support rent collections and renewal stability.
Access to daily needs is a relative strength: grocery options are competitive among Greensboro–High Point neighborhoods (rank 42 of 245), and restaurants are likewise competitive (rank 52 of 245). However, limited parks, cafés, childcare, and pharmacies within the immediate neighborhood (ranks at or near the bottom of the metro) may reduce lifestyle amenity appeal; investors should consider on-site or nearby alternatives to bolster retention.
Tenure data points to a moderate renter base locally: the neighborhood’s share of renter-occupied housing units is lower than many urban cores, while the 3-mile radius shows a roughly balanced mix of owners and renters. For multifamily owners, that mix indicates a meaningful tenant pool with room for demand from households prioritizing rental living for convenience or flexibility.
Demographics aggregated within a 3-mile radius indicate population growth over the last five years, an increase in households, and projections for further renter pool expansion through 2028. These trends can support occupancy stability and absorption, particularly for well-managed assets positioned at the attainable end of the rent spectrum.
The property’s 1972 vintage is older than the neighborhood’s average construction year (1982). That age profile typically calls for capital planning around building systems and interiors, but it can also create value-add potential through targeted renovations and operational improvements relative to older nearby stock.
Safety outcomes here are mixed relative to the region and nation. The neighborhood’s crime rank is 146 out of 245 within the Greensboro–High Point metro, placing it below the metro median for safety, and national percentiles indicate it performs in the lower ranges versus neighborhoods nationwide.
Recent directional trends are nuanced: estimated property offense rates have edged down year over year, while violent offense rates have increased. For investors, this argues for routine security and lighting best practices, resident engagement, and coordination with local resources to support retention and day-to-day operations.
Regional employment is anchored by nearby headquarters in banking, consumer brands, and diagnostics, supporting renter demand through diverse white-collar job bases and manageable commutes to the property. Notable nearby employers include BB&T Corp., Reynolds American, VF, Hanesbrands, and Laboratory Corp. of America.
- BB&T Corp. — banking (14.4 miles) — HQ
- Reynolds American — tobacco (14.5 miles) — HQ
- VF — apparel (16.5 miles) — HQ
- Hanesbrands — apparel (19.5 miles) — HQ
- Laboratory Corp. of America — diagnostics (34.4 miles) — HQ
702 Westchester Dr is a 20-unit, larger-format multifamily asset (average unit size about 1,226 sq. ft.) positioned in a competitive Inner Suburb of High Point. Neighborhood occupancy has hovered in the high-80s and rent levels remain attainable relative to local incomes, which, based on commercial real estate analysis from WDSuite, supports steady collections and renewal potential. The 3-mile radius shows household growth to date with additional expansion projected by 2028, pointing to a larger tenant base over the medium term.
The 1972 vintage is older than the neighborhood average and may require targeted capital for systems and finishes, but this also creates value-add upside through renovations and repositioning. Amenity access is strongest for grocery and dining, while limited parks and cafés nearby can be offset with pragmatic on-site improvements and resident programming. Proximity to multiple corporate headquarters in the Triad further underpins demand from stable, commuting households.
- Attainable rents relative to area incomes support retention and pricing power
- 3-mile household growth and projected renter pool expansion bolster leasing depth
- 1972 vintage offers clear value-add pathway via targeted capex and modernization
- Grocery and dining access nearby, with large regional employers sustaining demand
- Risks: aging systems and mixed safety trends require active management and capital planning