| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Best |
| Demographics | 64th | Good |
| Amenities | 30th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 Chadwick Square Ct, Hendersonvlle, NC, 28739, US |
| Region / Metro | Hendersonvlle |
| Year of Construction | 2000 |
| Units | 67 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
300 Chadwick Square Ct, Hendersonvlle NC — Multifamily Investment
Neighborhood occupancy trends indicate steady renter demand, according to WDSuite’s CRE market data, with local dynamics supportive of durable leasing. Investors can underwrite with a focus on stability rather than outsized growth assumptions.
The property sits in an A- rated suburban neighborhood within the Asheville, NC metro (ranked 28 out of 155 metro neighborhoods, placing it in the top quartile). According to CRE market data from WDSuite, neighborhood occupancy is healthy and has improved over the past five years, supporting underwriting for sustained stabilization at the submarket level rather than aggressive lease-up assumptions.
Livability is defined by essential retail more than lifestyle destinations. Grocery and pharmacy access are comparatively stronger within the metro, while parks and cafes are thinner locally. For investors, this pattern aligns with practical renter needs and workforce housing demand, though it limits premiums tied to walkable entertainment or green space.
Schools score competitively (average rating near the top quartile nationally), which can help retention among family households. Median home values are elevated for the region and above national midpoints, a backdrop that tends to sustain renter reliance on multifamily housing and can support pricing power when managed alongside income trends.
Tenure patterns indicate a moderate renter concentration in the neighborhood (about 30% of housing units are renter-occupied), suggesting a stable but not saturated tenant base. The property’s 2000 vintage is newer than the neighborhood average stock (late 1970s), providing a relative edge versus older assets while still warranting selective modernization to remain competitive.
Demographic statistics aggregated within a 3-mile radius point to population growth in recent years and a projected increase in both population and households over the next five years. This expansion implies a larger tenant base and supports occupancy stability; a modest shift toward smaller average household sizes also points to continued demand for multifamily units.
Safety indicators are competitive among Asheville neighborhoods (ranked 59 out of 155), with national comparisons landing around mid-to-above average. WDSuite’s data shows violent offense levels track favorably versus many U.S. neighborhoods, while property offenses are closer to national mid-range.
Year-over-year trends show improvement in violent offenses and more volatility in property crime. Investors should incorporate routine security and asset-hardening measures into operations and monitor local trends as part of ongoing risk management rather than relying on static snapshots.
Nearby employment is diversified across industrial, healthcare, and manufacturing, supporting renter demand via commute convenience to Airgas, UnitedHealth Group, 3M, Parker-Hannifin, and Caterpillar.
- 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 — industrial manufacturing (43.1 miles)
- Caterpillar — heavy equipment (44.1 miles)
300 Chadwick Square Ct comprises 67 units in a suburban Asheville-metro neighborhood that ranks in the top quartile locally for overall quality. Based on CRE market data from WDSuite, neighborhood occupancy has strengthened over the past five years, signaling durable renter demand rather than transitory spikes. Elevated ownership costs relative to incomes in the area reinforce reliance on rentals, and school quality helps with lease retention.
Built in 2000, the asset is newer than much of the surrounding housing stock, offering a competitive position versus older properties while leaving room for targeted upgrades to enhance rents and retention. Demographic statistics within a 3-mile radius show recent population growth and a projected expansion in both population and households, which supports a deeper tenant base and occupancy stability over a multi-year hold.
- Strengthening neighborhood occupancy supports stable underwriting and reduces lease-up risk.
- 2000 vintage offers competitive positioning versus older local stock with value-add potential through selective modernization.
- Elevated home values in the area sustain renter reliance on multifamily, aiding pricing power when matched with income trends.
- 3-mile radius growth in population and households expands the tenant base and supports occupancy stability.
- Risks include thinner lifestyle amenities nearby and property-crime variability; proactive operations and security can mitigate impact.