| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 50th | Fair |
| Demographics | 51st | Fair |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 185 Wilkinson Ct SE, Concord, NC, 28025, US |
| Region / Metro | Concord |
| Year of Construction | 1980 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
185 Wilkinson Ct SE, Concord NC Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand supported by strong amenities and forecast household expansion in the area, according to WDSuite’s CRE market data. These signals suggest leasing potential with selective asset improvements rather than outsized execution risk at the property level.
The property sits in an Inner Suburb of Concord within the Charlotte-Concord-Gastonia metro, where the neighborhood holds an A rating and ranks 106 out of 709 metro neighborhoods — competitive among Charlotte-Concord-Gastonia neighborhoods based on WDSuite’s CRE market data. Amenity access is a relative strength: the area’s amenity rank (13 of 709) is competitive among Charlotte-Concord-Gastonia neighborhoods, and amenity density falls in the top quartile nationally, with cafes, groceries, parks, and pharmacies all scoring above national medians.
Renter demand indicators are mixed but investable. Neighborhood rents trend slightly above national medians with meaningful five-year growth, while renter concentration (share of housing units that are renter-occupied) is moderate, implying a stable but not oversized tenant pool. The neighborhood occupancy metric is weaker versus national norms, signaling the need for proactive leasing and management to sustain performance at or above submarket averages.
Within a 3-mile radius, demographic statistics show a broadly stable base today and a projected increase in households over the next five years, indicating a larger tenant base ahead and support for occupancy stability. Income levels in the 3-mile area are trending higher in the forecast period, which can help sustain rent levels as new supply and renewals compete for qualified residents.
Ownership costs in the immediate area are relatively accessible compared with many U.S. neighborhoods; this can introduce some competition from entry-level ownership options. For multifamily investors, that typically translates to disciplined pricing power and a focus on retention, service quality, and unit differentiation to maintain leasing velocity.
Safety conditions should be evaluated with care. The neighborhood’s crime rank is 575 out of 709 metro neighborhoods, indicating below-average safety relative to the Charlotte-Concord-Gastonia metro. Nationally, overall safety sits below the median, though property-related incidents track closer to national averages while violent incidents trend weaker, according to WDSuite’s data. Investors should underwrite appropriate security measures and resident-experience practices and monitor trend direction rather than relying on single-year readings.
Proximity to major employers supports a broad commuter tenant base and can aid leasing and retention. Notable nearby employers include Sysco, Merck, Lowe’s, Bank of America, and Duke Energy.
- Sysco — food distribution (4.6 miles)
- Merck — pharmaceuticals (12.2 miles)
- Lowe's — home improvement retail (18.2 miles) — HQ
- Bank of America Corp. — financial services (19.9 miles) — HQ
- Duke Energy — utilities (20.3 miles) — HQ
Built in 1980, the 60-unit asset offers a relative advantage versus older neighborhood stock while still presenting potential value-add and systems modernization opportunities common to its vintage. Amenity-rich location fundamentals and a forecast expansion of households in the 3-mile area support a deeper tenant base and potential for steady absorption, while neighborhood-level occupancy trends call for hands-on leasing and resident retention strategies, based on CRE market data from WDSuite.
Positioning should emphasize durable renter appeal: practical unit sizes, competitive finishes, and service quality. With ownership comparatively accessible in this area, effective pricing, renewals management, and light renovations can help balance demand with local alternatives.
- 1980 vintage: competitive versus older stock with clear modernization and value-add levers
- Amenity density and access support day-to-day livability and leasing
- 3-mile households projected to expand, reinforcing tenant pool depth and occupancy stability
- Pricing power likely moderate given accessible ownership; focus on retention and service differentiation
- Risk: neighborhood-level occupancy lags national norms; underwrite active leasing, concessions flexibility, and security measures