| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 71st | Best |
| Amenities | 33rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 W Wilson Ave, Mooresville, NC, 28117, US |
| Region / Metro | Mooresville |
| Year of Construction | 1988 |
| Units | 110 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 W Wilson Ave Mooresville Multifamily Opportunity
Renter-occupied housing is sizable and household growth within 3 miles is expanding, supporting durable tenant demand according to WDSuite’s CRE market data.
Located in Mooresville’s inner-suburban fabric of the Charlotte metro, the area shows balanced livability with parks access standing out. Park density ranks 29 out of 709 Charlotte neighborhoods and sits in the 85th percentile nationally, a local amenity that supports resident retention. Restaurants are competitive among Charlotte neighborhoods (rank 223 of 709), while groceries are above the metro median (rank 301 of 709). Cafés, childcare, and pharmacies are thinner nearby, which may modestly limit walkable convenience.
For multifamily investors, neighborhood occupancy is measured for the neighborhood and not the property; it currently tracks below the national midpoint, suggesting the need for disciplined leasing and renewal strategies. At the same time, the share of housing units that are renter-occupied is in the top quartile among 709 metro neighborhoods (46.8% renter concentration), indicating a deep tenant base for apartments.
Home values in the neighborhood sit near the 70th percentile nationally with a value-to-income ratio in the mid-70s percentile range. In practice, this high-cost ownership market reinforces reliance on rental housing and can support pricing power when managed carefully. Median contract rents are around the mid-60s national percentile, and rent-to-income levels remain moderate, which can aid lease retention.
Within a 3-mile radius, population has grown meaningfully over the last five years and is projected to continue rising, with households expanding at an even faster pace. This trend points to a larger tenant base and supports occupancy stability for well-positioned assets.
Safety signals are mixed when viewed locally versus nationally. Within the Charlotte metro, the neighborhood’s overall crime rank is 8 out of 709 (lower ranks indicate more crime), placing it among the higher-crime cohort locally. However, national benchmarking paints a more favorable picture: estimated violent and property offense rates land in the mid‑80s to low‑90s percentiles for safety compared to neighborhoods nationwide (higher percentiles indicate safer areas). Recent year‑over‑year estimates also indicate notable declines in both violent and property offenses, an encouraging directional trend. As always, investors should evaluate block‑level context and asset-specific security measures as part of underwriting.
The employment base includes nearby corporate offices that help support workforce housing demand and commuting convenience, notably Lowe’s, Sysco, Duke Energy, Merck, and Bank of America Corp. These anchors broaden the potential renter pool and can aid retention for well-managed assets.
- Lowe's — home improvement retail (2.8 miles) — HQ
- Sysco — food distribution (15.0 miles)
- Duke Energy — electric utility (15.1 miles)
- Merck — pharmaceuticals (17.5 miles)
- Bank of America Corp. — banking & financial services (24.3 miles) — HQ
Built in 1988 and totaling 110 units, the property fits a vintage where targeted renovations and capital planning can unlock value-add potential and improve competitive positioning against newer stock. The surrounding neighborhood shows a high share of renter-occupied housing units (top quartile in the Charlotte metro), robust parks access, and steady restaurant and grocery availability. While neighborhood occupancy is measured for the neighborhood and not the property and trends below national medians, population and household growth within 3 miles point to a larger tenant base and support for leasing stability.
Elevated ownership costs relative to incomes in the area, alongside median rents around the national mid-60s percentile, suggest an environment where multifamily housing remains a practical option for many households. According to commercial real estate analysis from WDSuite, these fundamentals—combined with proximity to major employers—support durable demand with room for operational upside through renovations and active asset management.
- Renter concentration in the top quartile among Charlotte neighborhoods supports a deep tenant base.
- 1988 vintage offers value‑add and systems modernization opportunities to enhance yields.
- Within 3 miles, population and household growth expand the renter pool, supporting occupancy stability.
- Proximity to major employers (Lowe’s HQ, financial services, utilities, pharma) underpins leasing demand.
- Risk: neighborhood occupancy runs below national medians and local safety ranks weaker within metro; plan for active leasing and on‑site security protocols.