| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 41st | Fair |
| Demographics | 48th | Good |
| Amenities | 16th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 723 Carolina Ave, Yadkinville, NC, 27055, US |
| Region / Metro | Yadkinville |
| Year of Construction | 2009 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
723 Carolina Ave Yadkinville Multifamily Investment
2009 construction offers a competitive edge versus older local stock and a renter-occupied share near one-third supports a stable tenant base, according to WDSuite’s CRE market data.
Positioned in a rural pocket of the Winston-Salem, NC metro, the neighborhood trends above metro median for overall amenities relative to 216 metro neighborhoods, yet still sits in the lower national percentiles for destination variety. Day-to-day services are present, and restaurant density tracks close to national midpoints, but cafés, parks, and pharmacies are sparse—an operating consideration for workforce-oriented assets that rely on car-based convenience.
Local housing stock skews older (average vintage 1983), so a 2009 build can compete well on finishes and systems while tempering near-term capital needs. Neighborhood renter concentration is competitive among Winston-Salem neighborhoods (ranked within the top 40% locally), indicating a meaningful pool of renter-occupied units that supports multifamily demand and leasing velocity.
Occupancy in the neighborhood sits in the mid-to-high 80s, suggesting steady but not overheated conditions; this typically favors pragmatic rent strategies and retention-focused operations. School ratings are around the national midpoint, which can support household stability for family renters without commanding premium pricing.
Within a 3-mile radius, recent demographic readings show relatively flat population but a gradual increase in household size and a projected rise in total households over the next five years. This combination points to a larger tenant base over time despite modest population drift, a supportive signal for occupancy stability. Home values are lower relative to national norms, so ownership is comparatively accessible; for investors, that can mean moderate pricing power but also durable renter demand where rental options remain the more flexible choice.
Public safety metrics specific to this neighborhood are limited in WDSuite’s dataset, so investors should benchmark conditions against city and county trends and incorporate on-the-ground diligence. Use comparable Winston-Salem submarket data and property-level history to contextualize leasing risk rather than relying on block-level assumptions.
Access to major Winston-Salem corporate employers supports workforce housing demand and commuting convenience, which can aid leasing stability and retention. Notable nearby headquarters include apparel manufacturing, financial services, and consumer goods.
- Hanesbrands — apparel manufacturing (22.9 miles) — HQ
- BB&T Corp. — financial services (23.5 miles) — HQ
- Reynolds American — consumer goods (23.5 miles) — HQ
- Lowe's — home improvement retail (41.4 miles) — HQ
Built in 2009 with 20 units, the property is newer than the neighborhood’s average vintage, providing a relative edge on systems and finishes while keeping capital plans focused on targeted upgrades and value-add repositioning. Neighborhood occupancy trends in the high-80s and a renter-occupied share near one-third point to steady demand without overheated competition, and rent-to-income sits around the national midpoint—favorable for retention and prudent rent growth management, based on CRE market data from WDSuite.
Within a 3-mile radius, households are expected to increase even as population stays roughly flat, implying a larger renter pool over time and support for occupancy stability. Proximity to Winston-Salem corporate employers broadens the commuter base, while relatively accessible ownership costs suggest measured pricing power balanced by consistent workforce housing demand.
- 2009 vintage versus older local stock reduces near-term systems risk and supports competitive positioning.
- Neighborhood occupancy in the high-80s favors stable operations and pragmatic rent strategy.
- Renter concentration competitive within the metro signals depth of tenant demand.
- Household growth within 3 miles points to a gradually expanding renter base and leasing resilience.
- Risks: rural amenity base and accessible ownership can temper pricing power; monitor local employment and neighborhood absorption.