| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Best |
| Demographics | 45th | Good |
| Amenities | 50th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 111 Reynolds Rd, North Wilkesboro, NC, 28659, US |
| Region / Metro | North Wilkesboro |
| Year of Construction | 1978 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
111 Reynolds Rd, North Wilkesboro NC Multifamily Investment
Neighborhood occupancy has been competitive among North Wilkesboro submarkets, supporting stable renter demand near 111 Reynolds Rd, according to WDSuite’s CRE market data. A sizable renter-occupied share in the neighborhood suggests a deep tenant base for a 20-unit asset.
The property sits in an Inner Suburb pocket of North Wilkesboro with an A+ neighborhood rating (ranked 1 of 36 metro neighborhoods), signaling strong local fundamentals. Amenity access is a relative strength: restaurants, cafes, parks, and pharmacies rank at or near the top among 36 neighborhoods in the metro, placing the area in the top quartile nationally for several daily-needs categories. One notable gap is grocery access, which trails most peer areas in the metro.
For investors, renter demand is underpinned by a high neighborhood renter concentration (ranked 3 of 36; top quartile nationally). Neighborhood occupancy is competitive among North Wilkesboro neighborhoods (ranked 10 of 36), which can support leasing stability for smaller assets when paired with effective operations.
Within a 3-mile radius, recent population and household growth has been positive, and forecasts point to further gains over the next five years, indicating a larger tenant base over time. Median home values are elevated relative to local incomes (upper national percentiles on value-to-income), which tends to reinforce reliance on multifamily rentals; at the same time, neighborhood rent-to-income sits near mid-range nationally, helping manage affordability pressure and retention risk.
Trade-offs to monitor include below-average school ratings (lower national percentiles) and limited grocery density, both of which can influence renter preferences and leasing velocity depending on target tenant profiles. Still, the concentration of dining and daily services, plus steady neighborhood occupancy, positions this location competitively within the North Wilkesboro metro.
Comparable crime statistics for this neighborhood are not available in the current WDSuite release. Without rank or percentile data against the 36 metro neighborhoods, investors should rely on multiple sources — such as municipal reports and property-level history — to contextualize safety alongside leasing, retention, and operations.
111 Reynolds Rd is a 20-unit 1978-vintage multifamily asset in an A+ rated North Wilkesboro neighborhood, where renter concentration is among the strongest in the metro and neighborhood occupancy is competitive. The 1978 construction is newer than the local average 1950s housing stock, which can provide a relative edge over older comparables, while still warranting targeted capital planning for aging systems or value-add repositioning.
Demand drivers are diversified: strong amenity access across dining and daily services, positive 3-mile population and household growth with forecasts indicating further renter pool expansion, and an ownership landscape with higher value-to-income ratios that generally sustains multifamily demand. Neighborhood rent-to-income near the national mid-range supports lease retention potential, according to CRE market data from WDSuite, though investors should manage exposure to school quality perceptions and the local grocery gap.
- Competitive neighborhood occupancy and deep renter concentration support leasing stability
- 1978 vintage is newer than much of the area s 1950s stock, offering positioning and value-add potential
- 3-mile population and household growth point to a larger tenant base over the next five years
- Elevated value-to-income ratios locally reinforce reliance on rentals, aiding pricing power management
- Risks: lower school ratings and limited grocery access may influence renter preferences and lease-up pace