| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 35th | Poor |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 203 S Jonesville Blvd, Jonesville, NC, 28642, US |
| Region / Metro | Jonesville |
| Year of Construction | 1986 |
| Units | 36 |
| Transaction Date | 2018-04-12 |
| Transaction Price | $1,000,000 |
| Buyer | KOOBER LLC |
| Seller | 3M2 & COMPANY LLC |
203 S Jonesville Blvd 36-Unit Jonesville NC Multifamily
Neighborhood occupancy sits in the top quartile among 216 Winston-Salem metro neighborhoods, pointing to stable leasing conditions for this asset, according to WDSuite s CRE market data. With a 1986 vintage and smaller average unit sizes, the property is positioned for value-focused renters while remaining competitively modern versus older local stock.
This Jonesville address sits in a suburban neighborhood rated C+ within the Winston-Salem, NC metro. Neighborhood occupancy is top quartile among 216 metro neighborhoods, a positive signal for tenant retention and income durability at the market level rather than the property. Renter-occupied share in the neighborhood is also top quartile locally, indicating a meaningful renter base that supports multifamily demand.
Amenity density is lighter than national norms (few cafes, parks, childcare, and pharmacies nearby), while restaurant access tracks closer to metro averages. For investors, that suggests residents lean on regional retail nodes and auto mobility, which can favor value-oriented product but may temper premiums tied to walkability.
Within a 3-mile radius, WDSuite s data shows households have increased even as population edged down, implying smaller household sizes and a gradual shift toward more housing demand per capita. Forward-looking estimates indicate a sizable increase in households by 2028, which would expand the local renter pool and support occupancy stability if realized.
Home values in the neighborhood sit well below national medians, which can create some competition from entry-level ownership. At the same time, a relatively low rent-to-income profile suggests manageable affordability pressure for renters, aiding lease retention and steady collections. The property s 1986 construction is newer than the neighborhood s older average stock (1970s), supporting competitive positioning while still warranting planning for aging systems and targeted modernization.
Comparable crime benchmarks for this specific neighborhood were not available in WDSuite s dataset at the time of publication. Investors typically contextualize safety by reviewing town and county trend lines and comparing them to broader Winston-Salem metro patterns rather than making block-level assumptions.
Prudent underwriting may include reviewing recent municipal reports, insurer loss data, and property-level security measures to gauge tenant retention and operating risk in line with regional norms.
Regional employment anchors in Winston-Salem provide a diversified white-collar base within commuting range, supporting renter demand and lease stability. Notable headquarters include Hanesbrands, BB&T Corp., and Reynolds American.
- Hanesbrands apparel HQ offices (32.1 miles) HQ
- BB&T Corp. financial services (34.4 miles) HQ
- Reynolds American consumer goods (34.4 miles) HQ
The investment case combines stable neighborhood occupancy, a meaningful renter base, and value-oriented positioning. Built in 1986, the asset is newer than much of the local 1970s-era stock, offering competitive appeal while presenting clear opportunities for selective renovations and systems upgrades. According to CRE market data from WDSuite, the surrounding neighborhood ranks in the top quartile for occupancy within the Winston-Salem metro, which supports income stability at the market level.
Within a 3-mile radius, households have risen and are projected to grow further, pointing to a larger tenant base and supportive leasing backdrop if forecasts materialize. Lower local home values can introduce competition from ownership, but relatively manageable rent-to-income dynamics support retention for value-focused product. Amenity density is limited, which may cap premium pricing tied to walkability, but also aligns with demand for functional, cost-effective housing near regional employment centers.
- Top-quartile neighborhood occupancy in the Winston-Salem metro supports income durability
- 1986 vintage versus older local stock enables competitive positioning plus value-add through modernization
- 3-mile household growth and projected increases expand the renter pool and support lease-up/retention
- Value-oriented unit sizes support affordability and consistent demand management
- Risks: amenity-light location and lower ownership costs may constrain pricing power relative to walkable, high-cost submarkets