| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Best |
| Demographics | 58th | Good |
| Amenities | 20th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 800 W Charlotte Ave, Mount Holly, NC, 28120, US |
| Region / Metro | Mount Holly |
| Year of Construction | 1982 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
800 W Charlotte Ave, Mount Holly NC Multifamily
Neighborhood occupancy is competitive among Charlotte-Concord-Gastonia submarkets and supports steady leasing; according to WDSuite s CRE market data, renter demand is reinforced by a higher renter-occupied share than most U.S. neighborhoods.
Situated in Mount Holly s inner-suburban fabric, the property benefits from proximity to the Charlotte employment core while retaining a quieter residential setting. Neighborhood occupancy sits in a strong position competitive among Charlotte-Concord-Gastonia neighborhoods which helps underpin income stability through cycles, per commercial real estate analysis from WDSuite.
Within a 3-mile radius, population and household counts have been rising, with forecasts indicating continued household growth. This points to a larger tenant base over time and supports leasing velocity for well-managed assets. The local renter-occupied share is higher than the national median, suggesting deeper multifamily demand relative to ownership-heavy areas.
Home values and incomes in the neighborhood track near national midpoints, which generally sustains rental demand while keeping pricing power tied to product quality and management. The rent-to-income profile indicates relatively low affordability pressure in this area, a positive for lease retention and renewal strategies.
Retail and lifestyle amenities within the immediate blocks are limited, but regional access to dining and services improves toward Charlotte. For a 1982-vintage, 48-unit asset, investors can target selective renovations and operational upgrades to improve competitiveness versus newer stock without overextending capex.
Neighborhood safety indicators are mixed. Overall crime performance trends slightly better than the national median, and property-related offenses benchmark in the stronger range nationally. However, recent estimates show a year-over-year uptick in violent incidents. Investors should monitor trend direction and emphasize standard safety and lighting improvements as part of property operations.
The renter base is supported by access to major Charlotte-area employers, providing commute convenience and reinforcing weekday occupancy. Notable nearby corporate offices include AmerisourceBergen, Cisco Systems, Duke Energy, Bank of America, and Airgas.
- AmerisourceBergen Healthcare Consultants healthcare services (9.5 miles)
- Cisco Systems technology (11.6 miles)
- Duke Energy utilities (11.6 miles) HQ
- Bank of America Corp. financial services (11.8 miles) HQ
- Airgas industrial gases (12.5 miles)
This 1982-vintage, 48-unit asset aligns with stable inner-suburban fundamentals: high neighborhood occupancy, a renter base that skews above the national median for renter-occupied units, and expanding households within a 3-mile radius. According to CRE market data from WDSuite, these dynamics support steady leasing and provide scope for value-add strategies tied to unit modernization and common-area enhancements.
Ownership costs in the area sit near national midpoints, reinforcing ongoing reliance on multifamily while keeping rent growth linked to product quality and management execution. With limited immediate-block retail, performance will hinge on maintaining competitive finishes, efficient operations, and targeted amenity upgrades to capture demand from nearby employment centers.
- Strong neighborhood occupancy supports income durability relative to metro peers.
- Growing 3-mile household base expands the local renter pool.
- 1982 vintage offers value-add upside via targeted renovations and systems modernization.
- Access to major Charlotte employers underpins leasing and retention.
- Risks: recent uptick in violent incident estimates and limited immediate-block retail require proactive operations and marketing.