| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 521 Price St, Reidsville, NC, 27320, US |
| Region / Metro | Reidsville |
| Year of Construction | 1981 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
521 Price St Reidsville Multifamily Investment Opportunity
Neighborhood data points to a sizable renter-occupied base and relatively manageable rent-to-income dynamics that can support leasing stability, according to WDSuite’s CRE market data. Investors should view this as a workforce-oriented location where renter demand is reinforced by local affordability rather than premium amenity pull.
The property sits in a suburban pocket of Reidsville with a neighborhood renter concentration around half of housing units, indicating depth in the tenant base and steady demand for multifamily product. Neighborhood occupancy trends have been stable in recent years, and rent-to-income levels are comparatively moderate for the area, which can aid retention and reduce turnover sensitivity during softer periods.
Local livability is functional rather than lifestyle-driven. Neighborhood access to daily-needs retail is a relative strength, with grocery and pharmacy availability outperforming many areas in the region, while parks and cafes are limited. For investors, this mix typically aligns with workforce housing demand where proximity to essentials matters more than discretionary amenities.
Vintage matters here: the asset’s 1981 construction is newer than the neighborhood’s average housing vintage (1970s). That positioning can be competitive versus older stock while still benefiting from targeted modernization to improve durability, lower operating friction, and capture value-add upside in unit finishes and building systems.
Demographic statistics aggregated within a 3-mile radius show recent flat-to-soft population and household trends, but forward-looking projections point to growth in both population and households over the next five years. A larger nearby resident base would expand the renter pool and support occupancy, even as ownership remains accessible in this market. Given comparatively low home values in the neighborhood context, investors should plan for some competition from ownership while leveraging the property’s scale and potential renovations to sustain leasing velocity.
Safety indicators are mixed and should be evaluated with standard risk management. The neighborhood’s composite crime rank sits at 110 out of 245 Greensboro–High Point metro neighborhoods, placing it around the middle of the pack locally. Nationally, the area trends stronger on several measures, with property-related safety in the top quartile and violent-offense safety above the national median. Recent year-over-year shifts suggest volatility, so investors should underwrite to prudent security measures and tenant screening.
The broader Piedmont Triad employment base supports workforce housing demand, with commutable access to regional headquarters in apparel, diagnostics, consumer products, and banking that can aid leasing stability for residents.
- VF — apparel HQ and corporate functions (18.0 miles) — HQ
- Laboratory Corp. of America — diagnostics and laboratory services (21.7 miles) — HQ
- Hanesbrands — apparel (35.9 miles) — HQ
- Reynolds American — consumer products (37.4 miles) — HQ
- BB&T Corp. — banking (37.6 miles) — HQ
This 41-unit, 1981-vintage property aligns with a workforce renter profile where neighborhood affordability and a meaningful share of renter-occupied housing support leasing fundamentals. Based on commercial real estate analysis and CRE market data from WDSuite, the area’s daily-needs access (grocery, pharmacy) and commutable reach to major employers help underpin demand, while moderate rent-to-income levels provide room for disciplined rent strategies aimed at occupancy stability.
The asset’s vintage is newer than the neighborhood average, suggesting competitive positioning versus older stock and a clear pathway for targeted value-add: unit interiors, curb appeal, and system efficiencies. Forward-looking 3-mile demographic projections indicate growth in population and households, expanding the tenant base and supporting lease-up and retention. Risks to weigh include limited discretionary amenities nearby, potential competition from accessible homeownership, and mixed but volatile safety readings that warrant prudent operations planning.
- Workforce demand drivers with renter concentration and moderate rent-to-income supporting occupancy stability
- 1981 vintage offers value-add potential while remaining competitive versus older neighborhood stock
- Daily-needs retail access and proximity to regional employers reinforce leasing durability
- 3-mile growth outlook expands the renter pool, aiding retention and pricing power over time
- Risks: limited lifestyle amenities, accessible ownership alternatives, and safety volatility require disciplined management