| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 45th | Good |
| Demographics | 35th | Poor |
| Amenities | 15th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 224 Triplett St, Jonesville, NC, 28642, US |
| Region / Metro | Jonesville |
| Year of Construction | 1986 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
224 Triplett St Jonesville Multifamily Investment
Neighborhood occupancy is competitive for the Winston-Salem metro and renter concentration is elevated, pointing to a stable tenant base, according to WDSuite’s CRE market data. The asset’s 1986 vintage offers a modest age advantage versus nearby stock, supporting positioning with targeted upgrades.
Jonesville sits within the Winston-Salem, NC region with a C+ neighborhood rating and a suburban profile. Neighborhood occupancy ranks 47 out of 216 metro neighborhoods, indicating competitive performance among Winston-Salem locations. Renter-occupied housing accounts for an above-average share of units (ranked 32 of 216), signaling depth in the local renter pool that can support leasing.
Livability is oriented to essentials rather than lifestyle retail. Amenity density ranks toward the lower end of the metro and national distribution, with limited cafes, parks, and childcare options in the immediate area. This tends to favor value-focused renters over amenity-driven households, which can temper rent growth but support retention when pricing remains in line with local incomes.
Within a 3-mile radius, households have increased even as population edged lower, indicating smaller household sizes and a shift toward more households per resident — a dynamic that can sustain multifamily demand through a broader tenant base. Forward-looking data points to rising households over the next five years, which would expand the local renter pool and support occupancy stability if realized.
Home values are lower relative to national benchmarks, creating a more accessible ownership market. For investors, this can introduce competition from entry-level ownership and may cap pricing power; however, rent-to-income ratios sit in a stronger national percentile, suggesting manageable affordability pressure that can aid lease retention and lower turnover risk.
Vintage context matters: the average neighborhood construction year trends older (late 1970s), while this property was built in 1986. The relatively newer vintage can be competitively positioned versus older stock, though investors should plan for system updates and selective renovations to meet contemporary renter expectations.
Comparable safety metrics for this neighborhood were not available in the current WDSuite dataset. Investors typically benchmark property performance against broader metro trends and owner-reported experience, then underwrite with conservative assumptions until verified data is obtained.
Practical diligence steps include reviewing recent police blotter summaries, engaging local property managers for incident history, and comparing insurance quotes. This approach helps contextualize risk without relying on block-level assumptions.
Regional employment centers in the Winston-Salem corridor broaden commuting options for residents, with access to major corporate offices that can support renter demand and retention. The employers below represent nearby headquarters within commuting distance.
- Hanesbrands — apparel HQ operations (32.1 miles) — HQ
- BB&T Corp. — financial services (34.4 miles) — HQ
- Reynolds American — consumer products (34.4 miles) — HQ
The investment case centers on occupancy stability and a durable renter base. The neighborhood’s occupancy performance is competitive within the Winston-Salem metro, and renter-occupied unit share ranks above the metro median, pointing to demand depth for workforce-oriented rentals. According to CRE market data from WDSuite, rent-to-income conditions are favorable relative to national peers, which can support retention and reduce turnover costs.
Built in 1986, the property is newer than much of the surrounding housing stock. That positioning provides a foundation for selective value-add upgrades to capture yield while maintaining a value-focused rent stance in a market with accessible homeownership. Forward-looking 3-mile demographics indicate growth in household counts, which would expand the tenant pool and help sustain occupancy; investors should balance this with prudent underwriting for amenity-light submarket dynamics.
- Competitive neighborhood occupancy and elevated renter concentration support leasing stability.
- Favorable rent-to-income positioning aids retention and reduces turnover risk.
- 1986 vintage offers value-add potential versus older nearby stock with targeted renovations.
- 3-mile household growth outlook expands the tenant base and supports long-term demand.
- Risks: amenity-light location and accessible ownership options may temper pricing power.