| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 35th | Poor |
| Demographics | 40th | Fair |
| Amenities | 8th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 E Matthews St, Stoneville, NC, 27048, US |
| Region / Metro | Stoneville |
| Year of Construction | 1992 |
| Units | 39 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
100 E Matthews St Stoneville Multifamily near Triad Employers
Positioned in a rural pocket of the Greensboro–High Point metro, this 39-unit asset leans on steady renter demand and relatively low rent-to-income levels, according to WDSuite’s CRE market data. The property’s 1992 vintage offers a competitive edge versus older neighborhood stock while leaving room for targeted upgrades.
Stoneville’s neighborhood profile trends rural with limited amenity density (low national amenity percentile), so residents typically rely on nearby towns for retail and services. Within the Greensboro–High Point metro, the area holds a C neighborhood rating and ranks 189 out of 245 neighborhoods, signaling modest but serviceable fundamentals for workforce housing.
Occupancy for the neighborhood is around the national midpoint and has improved over the past five years, based on CRE market data from WDSuite. Median rents in the area remain comparatively low, helping support lease retention, though pricing power may be more incremental than in core urban submarkets.
The property’s 1992 construction is newer than the neighborhood’s average 1950s housing stock. That positioning can support competitiveness against older assets, while investors should still plan for system updates or light value-add to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius indicate a renter-occupied share of housing units of roughly one-quarter, providing a stable, if smaller, tenant base. Recent trends show smaller household sizes and forecasts point to growth in both households and overall population through 2028, implying a larger renter pool and support for occupancy stability even as amenities remain limited locally.
Home values are moderate relative to national benchmarks, and a favorable rent-to-income profile (higher national percentile) reinforces renter reliance on multifamily housing. For investors, this combination suggests manageable retention risk with measured, operations-focused revenue growth potential.
Comparable metro-ranked safety data for this specific neighborhood is not available in WDSuite’s dataset. Investors typically benchmark neighborhood conditions against city and county trends, and pair that with on-the-ground diligence such as police blotter reviews and property-level incident histories to contextualize risk and inform operating strategies.
Regional employers across apparel, consumer products, banking, and healthcare anchor the Triad economy and offer commuter access from Stoneville, supporting renter demand and lease stability for workforce-oriented units. The list below reflects nearby headquarters that can influence tenant employment and retention.
- VF — apparel (24.7 miles) — HQ
- Hanesbrands — apparel (27.7 miles) — HQ
- Reynolds American — consumer products (31.7 miles) — HQ
- BB&T Corp. — banking (32.0 miles) — HQ
- Laboratory Corp. of America — healthcare & diagnostics (36.9 miles) — HQ
This 39-unit, 1992-vintage asset offers a practical entry point to the Triad’s workforce housing segment. Newer construction than the neighborhood norm provides a competitive basis against older stock, while a nationally favorable rent-to-income profile supports retention and steady occupancy. According to CRE market data from WDSuite, neighborhood occupancy sits near the national midpoint and has improved in recent years, aligning with a tenant base that values attainable rents over amenity-rich locations.
Demographic data within a 3-mile radius points to a renter-occupied share of housing units near one-quarter and projections for growth in households through 2028, implying gradual renter pool expansion. Given limited local amenities, the thesis centers on operational execution, light value-add, and capturing demand from commuters to nearby Triad employers.
- 1992 vintage outpositions older neighborhood stock; targeted renovations can elevate competitiveness
- Favorable rent-to-income profile supports retention and measured rent growth
- Neighborhood occupancy near national midpoint with improving trend, per WDSuite
- Commutable reach to multiple Triad headquarters supports tenant demand and lease stability
- Risk: rural location and limited amenity base may temper pricing power and leasing velocity