| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 33rd | Poor |
| Demographics | 63rd | Best |
| Amenities | 7th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1209 W Madison St, Mayodan, NC, 27027, US |
| Region / Metro | Mayodan |
| Year of Construction | 1993 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1209 W Madison St Mayodan Multifamily Investment
37-unit 1993 vintage positioned in a rural Rockingham County submarket where neighborhood occupancy trends and renter concentration support stable leasing, according to CRE market data from WDSuite. Investor focus centers on durable workforce demand and modernization potential relative to older local stock.
Mayodan sits within the Greensboro–High Point metro and is classified as a rural neighborhood with a B- rating (ranked 137 of 245 metro neighborhoods). That places it below the metro median, but demographic signals test above national averages overall (63rd percentile), suggesting steady local fundamentals even if the submarket lacks some urban conveniences.
Neighborhood occupancy is reported at 90% (45th percentile nationally), indicating roughly metro-level stability rather than outperformance. Renter-occupied share in the neighborhood is 38.8% and sits in the higher range nationally (79th percentile), which points to a reasonably deep tenant base for multifamily and supports day-to-day leasing fundamentals.
Amenities are thin by metro standards: overall amenity rank is 164 of 245, with very low counts of cafes, groceries, parks, and childcare options. Restaurant density tracks around mid-pack nationally (44th percentile). For investors, this typically implies car-dependent living and a resident profile oriented to value and convenience, with retention driven more by pricing and commute patterns than lifestyle retail.
The average construction year in the neighborhood is 1963 (rank 200 of 245), while the subject was built in 1993. Being newer than much of the local stock can improve competitive positioning; at the same time, systems and interiors from the early 1990s may benefit from targeted updates, creating practical value-add pathways without the scope associated with mid-century assets.
Within a 3-mile radius, WDSuite indicates recent population contraction alongside a modest increase in household count and smaller average household sizes. Looking forward, forecasts point to growth in households and incomes by 2028, which would translate into a larger tenant base and support for occupancy and rent levels if realized.
Home values in the neighborhood track well below national norms (13th percentile). A high-cost ownership market is not the driver here; instead, more accessible ownership can create some competition with rentals. Pricing strategy and resident experience become key to retention and steady absorption in this context.
Crime data for this neighborhood is not available in WDSuite for the current period. Without verified figures or ranks, investors should rely on customary diligence steps, including local law-enforcement reports, property-level incident histories, and insurer feedback to contextualize safety relative to nearby Greensboro–High Point neighborhoods.
Regional headquarters and major corporate offices within commuting range underpin a broad employment base that supports renter demand and retention, particularly for value-oriented workforce housing. The list below highlights nearby anchors by distance from the property.
- Hanesbrands — apparel HQ and corporate functions (22.4 miles) — HQ
- VF — apparel and footwear corporate offices (22.9 miles) — HQ
- Reynolds American — consumer goods corporate offices (26.5 miles) — HQ
- BB&T Corp. — banking corporate offices (26.8 miles) — HQ
- Laboratory Corp. of America — diagnostics and life sciences corporate offices (37.8 miles) — HQ
This 37-unit property, built in 1993, competes against an older neighborhood baseline and can capture demand from a renter pool that tests high nationally by share. According to CRE market data from WDSuite, neighborhood occupancy trends are stable near national medians, while renter concentration is elevated, reinforcing day-to-day leasing depth. Amenities are limited, so the investment case leans on workforce housing dynamics, commute access to regional employers, and a pricing/value proposition rather than lifestyle retail.
Forward-looking WDSuite indicators within a 3-mile radius show increasing household counts and income gains by 2028 alongside smaller household sizes, which typically broaden the tenant base and support occupancy stability. Given the 1993 vintage, targeted interior and system updates can position the asset ahead of older local stock with measured capex, balancing rent growth prospects against competition from relatively accessible ownership options.
- Renter base: Elevated neighborhood renter-occupied share supports ongoing leasing and renewal depth.
- Competitive positioning: 1993 vintage offers a relative edge versus older area assets with practical value-add avenues.
- Demand outlook: 3-mile forecasts indicate household growth and income gains, supporting occupancy and pricing power if realized.
- Employment access: Proximity to regional headquarters broadens the workforce tenant pool and aids retention.
- Risks: Sparse amenities, below-median metro ranking, and more accessible ownership require disciplined pricing and resident experience management.