| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Best |
| Demographics | 34th | Poor |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 102 Kellystone Dr, King, NC, 27021, US |
| Region / Metro | King |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
102 Kellystone Dr, King NC Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by local amenities, according to WDSuite’s commercial real estate analysis. Investor focus here centers on stable cash flow potential with measured affordability that may aid lease retention.
Located in the Inner Suburb cluster of the Winston-Salem metro, the neighborhood surrounding 102 Kellystone Dr ranks 19th of 216 metro neighborhoods with an overall rating of A, indicating competitive fundamentals among area submarkets. According to WDSuite’s CRE market data, neighborhood occupancy is 98.4% and ranks 17th of 216, placing it in the top quartile metro-wide and signaling solid leasing stability at the neighborhood level (neighborhood metric, not property).
Daily-needs access is a relative strength: restaurants (rank 16 of 216), groceries (20 of 216), and pharmacies (13 of 216) all register in the metro’s top quartile, while cafes (27 of 216) and childcare (34 of 216) are also competitive among Winston-Salem neighborhoods. Park space is limited (rank 216 of 216), so on-site open space or nearby private amenities can help offset that gap.
With a neighborhood renter concentration of 53.7% of housing units (rank 22 of 216; top quartile metro-wide), the tenant base is deep for a 40-unit asset. Median contract rents at the neighborhood level sit below national midpoints (national percentile 31), while a rent-to-income ratio around 0.17 (national percentile 40) suggests manageable affordability pressure that can support retention. Elevated value-to-income readings (national percentile 70) indicate a comparatively high-cost ownership context locally, which tends to sustain reliance on rental housing.
The property’s 1986 vintage is newer than the neighborhood’s average construction year of 1974 (rank 134 of 216), offering relative competitive positioning versus older stock. Investors should still plan for system updates and targeted renovations to capture value-add upside and support future leasing.
Demographic indicators aggregated within a 3-mile radius show recent population contraction but rising incomes and a forecasted increase in household count alongside smaller average household sizes by 2028. That mix points to a potential renter pool expansion and supports occupancy stability if management aligns unit mix and pricing with demand.
Comparable neighborhood-level safety data are not available in this dataset. Investors should evaluate multi-year crime trends using metro and county benchmarks, review property-level incident history, and consider design features (lighting, access control) that support resident comfort and retention.
Proximity to established corporate employers supports commute convenience and leasing depth for workforce renters. Notable nearby headquarters include Hanesbrands, Reynolds American, BB&T Corp., and VF.
- Hanesbrands — apparel HQ (8.9 miles) — HQ
- Reynolds American — tobacco products HQ (14.2 miles) — HQ
- BB&T Corp. — financial services HQ (14.4 miles) — HQ
- VF — apparel & footwear HQ (34.6 miles) — HQ
This 40-unit asset built in 1986 benefits from a neighborhood that ranks in the top tier of the Winston-Salem metro for occupancy and daily-needs access. According to CRE market data from WDSuite, neighborhood occupancy is top quartile in the metro, while a renter-occupied share above half of housing units indicates a sizable tenant base. Combined with below-national median contract rents and a measured rent-to-income profile, the setup supports lease retention with room for targeted value-add positioning.
Within a 3-mile radius, recent population softness contrasts with rising median incomes and a projected increase in household counts by 2028, implying more, smaller households and a larger renter pool over time. The property’s newer-than-area-average vintage offers competitive positioning versus 1970s stock, though investors should underwrite capital for modernization to sustain performance and capture rent premiums. Limited public park access and below-national school ratings are considerations for family renters but can be mitigated with on-site amenities and service quality.
- Top-quartile neighborhood occupancy and competitive amenity access support leasing stability
- Deep renter base locally with below-national median contract rents aids retention management
- 1986 vintage offers value-add and modernization potential versus older 1970s peer stock
- 3-mile outlook points to more households and a potentially expanding renter pool by 2028
- Risks: limited park space and lower school ratings; plan amenities and resident services to mitigate