| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 56th | Fair |
| Demographics | 60th | Good |
| Amenities | 43rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3456 Jondon Ln, Gastonia, NC, 28056, US |
| Region / Metro | Gastonia |
| Year of Construction | 1991 |
| Units | 34 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3456 Jondon Ln, Gastonia NC Multifamily Investment
Neighborhood occupancy is strong and renter demand is supported by suburban fundamentals, according to WDSuite’s CRE market data. For investors, this location points to stable operations with room to optimize through targeted capital planning.
Located in a suburban pocket of Gastonia within the Charlotte-Concord-Gastonia metro, the neighborhood posts a high occupancy level for the area (measured at the neighborhood level, not the property) and ranks among the top quartile of the metro’s 709 neighborhoods for occupancy stability. This sets a favorable baseline for lease-up and renewal performance relative to metro norms.
Livability is anchored by everyday conveniences: neighborhood grocery and pharmacy access track above many peers in the metro, while restaurants are moderate and cafes and parks are comparatively limited. Within the metro, overall amenity access is competitive (ranked in the stronger end of 709 neighborhoods), though national amenity percentile readings are more middle-of-the-pack — a signal to emphasize on-site features and management-driven resident experience.
Within a 3-mile radius, demographics point to a larger tenant base ahead: population has grown in recent years and is projected to expand further by 2028, with households expected to increase meaningfully. A slight downshift in average household size is also projected, which typically supports multifamily absorption by adding more households to the market relative to population.
Median home values in the neighborhood are elevated for the area, and neighborhood rent levels sit around the low-$1,000s. That ownership-cost backdrop, combined with a low rent-to-income profile, supports retention and measured pricing power without overextending residents. Average school ratings are below metro leaders, which may temper appeal for some family renters, but workforce-oriented demand remains supported by proximity to regional job centers.
The property’s 1991 vintage implies potential value-add through systems modernization and unit/interior refresh to maintain competitiveness against newer stock, especially as neighborhood incomes trend higher than many national peers.
Safety indicators for the neighborhood are mixed relative to broader benchmarks. Compared with neighborhoods nationwide, the area sits below the national median for safety (national crime percentile readings in the mid-30s). Within the Charlotte-Concord-Gastonia metro, the neighborhood ranks below the metro median (437 out of 709 neighborhoods), suggesting investors should underwrite sensible security measures and resident communication.
Recent trend readings show property offenses tracking near national mid-range levels and a one-year uptick in violent offense estimates. These signals warrant routine monitoring and standard operating practices (lighting, access controls, coordination with local resources) rather than implying block-level conclusions.
Proximity to regional corporate offices in the Charlotte area supports a diversified renter base and commute convenience, with anchors in healthcare services, industrial gases, technology, and energy utilities appearing within a 14–18 mile radius.
- AmerisourceBergen Healthcare Consultants — healthcare services (13.9 miles)
- Airgas — industrial gases (16.0 miles)
- Duke Energy — energy utility offices (16.6 miles)
- Cisco Systems — technology offices (17.2 miles)
- Duke Energy — energy utility (17.8 miles) — HQ
This 34-unit, 1991-vintage asset benefits from a suburban location where neighborhood occupancy is strong and household growth within 3 miles points to a larger renter pool ahead. Median home values are comparatively elevated for the area while rent-to-income readings remain low, supporting tenant retention and disciplined rent optimization. According to CRE market data from WDSuite, the neighborhood’s occupancy performance sits in the stronger tier of the metro, reinforcing baseline stability for operations.
The 1991 construction year suggests clear value-add pathways: systems updates, interior modernization, and select common-area improvements to compete against newer deliveries. Key watch items include modest amenity depth and below-average school ratings, making on-site experience and workforce-oriented positioning important for leasing, along with routine attention to safety practices given mixed comparative crime readings.
- Strong neighborhood occupancy supports leasing stability versus metro benchmarks
- Expanding 3-mile household base signals deeper tenant demand over the next five years
- Elevated ownership costs and low rent-to-income profile aid retention and pricing power
- 1991 vintage offers value-add potential through systems and interior upgrades
- Risks: amenity depth, school quality, and comparative safety require proactive operations