| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 37th | Fair |
| Demographics | 33rd | Fair |
| Amenities | 40th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 624 East St, Reidsville, NC, 27320, US |
| Region / Metro | Reidsville |
| Year of Construction | 2001 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
624 East St Reidsville Multifamily Investment Opportunity
Neighborhood data point to a deep renter pool and a 2001 vintage that competes well against older local stock, according to WDSuite’s CRE market data. Focus is on durable renter demand at the neighborhood level rather than outsized rent growth.
Reidsville’s 624 East St sits in a suburban neighborhood rated B and ranked 115 of 245 across the Greensboro–High Point metro, placing it above the metro median for overall neighborhood performance based on CRE indicators from WDSuite. The property’s 2001 construction is newer than the neighborhood’s typical 1970s-era inventory, supporting competitive positioning while still warranting routine capital planning as systems age.
Livability signals show everyday convenience rather than destination amenities: grocery and pharmacy access track above many peer areas in the metro, while cafes and park density are limited. For investors, that mix aligns with workforce housing demand drivers more than lifestyle-led leasing.
On housing dynamics, neighborhood occupancy is below the metro median but has edged up over the past five years, suggesting gradual stabilization rather than rapid tightening. The share of housing units that are renter-occupied is high compared with neighborhoods nationwide, indicating a broad tenant base and helping support leasing depth for multifamily assets.
Within a 3-mile radius, recent years show modest declines in population and households, but forward-looking projections indicate growth in both population and household counts by the next five-year window. If realized, that would expand the local renter pool and support occupancy stability. Ownership costs in the immediate area are comparatively accessible in a national context, which can create some competition with entry-level ownership; however, rent levels relative to incomes suggest manageable affordability pressure that can aid tenant retention and reduce turnover risk.
Safety indicators present a mixed picture. At the metro level, the neighborhood’s composite crime rank places it roughly in the middle of the 245 Greensboro–High Point neighborhoods. Nationally, percentiles point to average-to-below-average safety compared with neighborhoods across the U.S., so investors should underwrite prudent security and operating protocols rather than assume a premium safety profile.
Drilling into categories, directional signals diverge: metro ranks on some offense measures indicate relatively higher incident rates within the region, while national percentiles for those same measures sit in better-than-average territory. Year-over-year volatility has also been observed. A balanced takeaway is to account for standard safety measures, monitor trend updates, and compare property performance to submarket peers during diligence.
Regional employment is anchored by corporate headquarters within commuting distance, supporting steady workforce housing demand and potential lease retention for residents employed at these firms: VF, Laboratory Corp. of America, Hanesbrands, Reynolds American, and BB&T Corp.
- VF — apparel HQ (18.0 miles) — HQ
- Laboratory Corp. of America — diagnostics HQ (21.7 miles) — HQ
- Hanesbrands — apparel HQ (36.0 miles) — HQ
- Reynolds American — tobacco products HQ (37.4 miles) — HQ
- BB&T Corp. — banking services HQ (37.6 miles) — HQ
624 East St offers a 2001-vintage, small-scale multifamily asset in a neighborhood that ranks above the metro median, with a renter-occupied share that is high relative to national norms. This positioning supports a durable tenant base and leasing depth even as neighborhood occupancy has trailed metro leaders. According to CRE market data from WDSuite, the area’s amenity mix and commuting access align with workforce housing rather than luxury demand, reinforcing steady, needs-based tenancy.
Relative to older 1970s-era stock prevalent locally, the 2001 construction enhances competitiveness and may limit near-term modernization needs, though investors should plan for normal system updates over the hold. Within a 3-mile radius, projections point to population and household growth that, if realized, would expand the renter pool and support occupancy stability. Balanced underwriting should also account for ownership options that are comparatively accessible in the local context and for safety metrics that show variability across measures.
- Newer 2001 vintage versus older neighborhood stock supports competitive positioning
- High renter-occupied share at the neighborhood level indicates depth of tenant demand
- 3-mile projections show potential population and household growth, supporting occupancy stability
- Workforce-oriented location with practical amenities favors steady, needs-based tenancy
- Risks: occupancy below metro leaders, accessible ownership options competing with rentals, and mixed safety signals warrant prudent underwriting