| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 25th | Poor |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1710 Thorntons Way, Winston Salem, NC, 27105, US |
| Region / Metro | Winston Salem |
| Year of Construction | 2005 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1710 Thorntons Way, Winston-Salem Multifamily Opportunity
Neighborhood renter demand is supported by proximity to major employers and steady occupancy, according to WDSuite s CRE market data, positioning this 36-unit asset for durable leasing.
Located in an inner-suburb pocket of Winston-Salem, the neighborhood rates C+ and is competitive among Winston-Salem neighborhoods (ranked 148 out of 216) for overall livability. Grocery access is a relative strength with density above national averages, while parks per square mile trend in the top quartile nationally. Caf e9, restaurant, and pharmacy density are thinner, which may concentrate daily needs around a few corridors.
For investors evaluating renter depth, unit tenure data indicates a meaningful renter-occupied concentration both in the immediate neighborhood and within a 3-mile radius, supporting a stable tenant base. Neighborhood occupancy is in the mid-80s, and rents have risen over the last five years, suggesting sustained demand at workforce price points.
Within a 3-mile radius, demographics show a large working-age cohort and an increasing household count even as average household size trends lower. Forecasts point to population and household growth by 2028, implying a larger tenant base and continued demand for rental units, a useful signal for multifamily property research. Median household incomes are rising, and contract rents are projected to advance, which can aid revenue management if affordability is monitored closely.
Home values in the neighborhood are relatively modest in dollar terms but elevated versus local incomes, and the value-to-income ratio sits above many U.S. neighborhoods. This high-cost ownership context helps sustain reliance on multifamily housing, which can support occupancy stability and lease retention, though elevated rent-to-income ratios warrant careful renewal and pricing strategies.
Vintage also matters: with construction in 2005, the property is newer than much of the nearby housing stock (which skews mid-20th century). That positioning can be advantageous versus older competitive supply, while still leaving room for selective modernization to drive rent premiums and reduce near-term capital expenditure risk.
Safety indicators are mixed. The neighborhood sits below the national median for safety (around the 44th percentile nationwide) and is below the metro average for Winston-Salem (ranked 57 among 216 neighborhoods). However, recent trends are improving: violent offenses show a sharp year-over-year decline, placing the neighborhood in a high improvement tier nationally, while property offenses have also eased modestly. For investors, this points to a market where perception risk exists but recent momentum is favorable; underwriting should reflect both the current baseline and the improving trajectory.
Proximity to established corporate anchors underpins weekday population and supports renter demand through commute convenience. Notable employers nearby include Reynolds American, BB&T Corp., Hanesbrands, and VF.
- Reynolds American tobacco products HQ (1.2 miles) HQ
- BB&T Corp. banking HQ (1.4 miles) HQ
- Hanesbrands apparel HQ (5.2 miles) HQ
- VF apparel & footwear HQ (25.0 miles) HQ
1710 Thorntons Way offers 36 units built in 2005, standing newer than much of the surrounding housing stock. That relative vintage can enhance competitiveness against older comparables while keeping near-term capex manageable, with value-add potential through targeted interior and systems updates. Steady neighborhood occupancy and a sizable renter-occupied share support demand, while proximity to anchor employers helps leasing durability.
Households within 3 miles are projected to grow meaningfully by 2028, implying a larger tenant base and support for occupancy stability. At the same time, ownership costs run high relative to local incomes, reinforcing reliance on rental housing. Affordability pressure (high rent-to-income ratios) and below-median safety levels are underwriting considerations, but crime trends are improving and rent levels remain in a workforce range, which can aid retention and lease management, according to CRE market data from WDSuite.
- 2005 vintage versus older local stock supports competitive positioning and manageable near-term capex
- Strong renter base locally and within 3 miles supports demand depth and occupancy stability
- Corporate anchors nearby bolster weekday population and leasing resilience
- Ownership costs relative to incomes sustain multifamily reliance, aiding pricing power with prudent renewal strategy
- Risks: below-median safety and affordability pressure require tighter leasing and renewal management