| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 73rd | Best |
| Demographics | 63rd | Good |
| Amenities | 42nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 21 Charleston View Ct, Hendersonvlle, NC, 28792, US |
| Region / Metro | Hendersonvlle |
| Year of Construction | 2002 |
| Units | 84 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
21 Charleston View Ct, Hendersonvlle NC — 84-Unit Multifamily Opportunity
Neighborhood fundamentals point to steady renter demand and occupancy stability, according to WDSuite s CRE market data, with a renter concentration that supports leasing depth for an 84-unit asset.
This Inner Suburb location in the Asheville metro scores an A neighborhood rating and is competitive among Asheville neighborhoods (based on WDSuite 27s CRE market data), with occupancy in the neighborhood trending strong and renter demand supported by a majority share of renter-occupied housing units. The property 27s 2002 vintage is newer than the neighborhood 27s average 1983 construction year, suggesting relative competitiveness versus older stock, though investors should still underwrite routine system modernization and common-area refresh over the hold period.
Daily-needs access is a clear advantage: grocery and pharmacy density rates are high compared with national peers, while restaurant options are also plentiful. By contrast, park and cafe counts are limited, which may modestly affect lifestyle appeal; operators can offset with on-site amenities and resident programming to support retention.
Within a 3-mile radius, population and household counts have grown and are projected to continue increasing, indicating a larger tenant base over time. Median household income has risen meaningfully, and rent levels remain manageable relative to incomes in the immediate neighborhood, a mix that supports lease retention and pricing discipline without overextending residents. Elevated ownership costs in the area reinforce reliance on multifamily rentals, a supportive tailwind for stabilized operations and measured rent growth informed by commercial real estate analysis trends.
Safety indicators for the neighborhood compare favorably at the national level for property crimes, landing around the top quartile nationwide, according to WDSuite 27s data. Recent readings show a notable year-over-year decline in estimated property offense rates, while violent offense measures sit modestly better than national averages. These trends point to a generally stable environment for workforce and market-rate renters, though operators should continue standard security best practices and monitor local data for shifts.
Regional employers within commuting reach support renter demand through a diversified base in industrials, healthcare, and manufacturing. Nearby anchors include Airgas, UnitedHealth Group, 3M, Parker-Hannifin, and Caterpillar, providing steady employment nodes that can underpin leasing and retention.
- Airgas Store industrial gases & supplies (18.5 miles)
- UnitedHealth Group healthcare services (33.3 miles)
- 3M Greenville manufacturing (38.5 miles)
- Parker-Hannifin Tech Seal Div manufacturing (42.8 miles)
- Caterpillar industrial equipment (44.0 miles)
The investment case centers on durable neighborhood occupancy, a renter-leaning housing mix, and a location with strong daily-needs access. Based on CRE market data from WDSuite, the surrounding neighborhood posts solid occupancy and a majority share of renter-occupied units, indicating depth in the tenant pool. The asset 27s 2002 vintage is newer than local average stock, offering a competitive position versus 1980s-era properties while leaving room for targeted upgrades to common areas and building systems to drive rent premiums.
Within a 3-mile radius, population and households have expanded and are projected to grow further, reinforcing multifamily demand and supporting occupancy stability. Rent burdens in the neighborhood remain relatively manageable against incomes, and elevated home value-to-income ratios indicate a high-cost ownership market that can sustain multifamily reliance. Operators should weigh convenience strengths (grocery/pharmacy density) against softer lifestyle amenities (parks/cafes) and keep a close eye on local safety trends even as property crime indicators have improved.
- Strong neighborhood occupancy and renter concentration support leasing stability
- 2002 vintage out-positions older local stock with value-add upgrade potential
- 3-mile population and household growth expand the tenant base over the hold
- Daily-needs access (groceries, pharmacies, restaurants) enhances resident retention
- Risks: limited parks/cafes, mixed safety signals, and commute distance to major employers