| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 25th | Poor |
| Amenities | 49th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 101 Ramblelake Rd, Charlotte, NC, 28273, US |
| Region / Metro | Charlotte |
| Year of Construction | 1974 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
101 Ramblelake Rd, Charlotte NC Multifamily Investment
Stabilizing renter demand and an above-median neighborhood occupancy backdrop point to steady leasing performance, according to WDSuite’s CRE market data. For investors, the area’s high renter concentration supports durable tenant depth with potential for thoughtful value-add at this 1974-vintage, 24-unit asset.
The property sits in an Inner Suburb pocket of Charlotte (neighborhood rating: B) that ranks above the metro median overall (308 of 709 neighborhoods). WDSuite s CRE market data indicates neighborhood occupancy around the mid-90s and trending higher over five years, a setup that has supported leasing stability at comparable vintage assets.
Daily-needs access is serviceable: grocery availability tracks above national midpoint and pharmacies score in the national 85th percentile, while restaurants land around the 75th percentile. Parks and caf e9 density are limited, which suggests amenities are more utilitarian than lifestyle-oriented; investors should underwrite accordingly when positioning common areas and marketing.
Construction in the surrounding neighborhood skews newer (average year 1991). With a 1974 construction date, this asset is older than nearby stock, pointing to potential value-add through systems upgrades and unit renovations; investors should plan for near- to mid-term capital items to sharpen competitiveness.
Renter-occupied housing comprises a very high share of neighborhood units (top decile nationally), signaling a deep tenant base for multifamily and supporting occupancy durability. Median asking rents in the area have risen meaningfully over five years, but rent-to-income levels remain moderate by national standards, which can aid retention if renewals are managed with measured increases and service quality.
Demographic statistics aggregated within a 3-mile radius show population and household growth over the last five years, with additional gains expected in the next five. A growing household count and a renter share near the mid-50s within this radius point to a larger tenant pool and support for lease-up and renewal performance.
Safety conditions trend weaker than national norms in this neighborhood, based on WDSuite s CRE market data. The area falls below the national average for safety (national percentile near the bottom third), with violent and property offenses elevated relative to many U.S. neighborhoods.
Within the Charlotte-Concord-Gastonia metro, the neighborhood s crime rank sits in the lower half of 709 neighborhoods, indicating it is not among the metro s highest-risk areas. Notably, estimated property offense rates declined by double digits over the past year, an encouraging directional trend that investors can monitor as part of underwriting and asset management planning.
Proximity to a diversified employment base supports renter demand and commute convenience for workforce households. Nearby employers include Airgas, Nucor, AmerisourceBergen Healthcare Consultants, Cisco Systems, and Sonic Automotive.
- Airgas 4 corporate offices (2.7 miles)
- Nucor 4 corporate offices (3.9 miles) 4 HQ
- AmerisourceBergen Healthcare Consultants 4 corporate offices (5.1 miles)
- Cisco Systems 4 corporate offices (5.9 miles)
- Sonic Automotive 4 corporate offices (6.3 miles) 4 HQ
This 24-unit, 1974-vintage asset in Charlotte s southwest Inner Suburb benefits from an above-metro-median neighborhood standing and a deep renter base. Neighborhood occupancy has strengthened over the last five years and renter-occupied housing comprises a large share of units, supporting tenant depth and renewal stability. According to CRE market data from WDSuite, local asking rents have climbed over time while rent-to-income levels remain comparatively moderate, suggesting retention can remain healthy when paired with pragmatic renewal strategies.
Relative to nearby 1990s-era stock, the property s older vintage points to clear value-add angles 4interior updates, curb appeal, and select systems replacements 4that can improve competitiveness. Amenity access is practical (groceries, pharmacies, and restaurants test well against national peers), which can support working households; investors should still plan for targeted on-site enhancements to offset limited park/caf e9 density and to differentiate versus newer product.
- Above-metro-median neighborhood ranking with improving occupancy supports leasing stability
- High renter concentration indicates a deep tenant base for sustained demand
- 1974 vintage offers value-add potential via unit renovations and systems upgrades
- Practical amenity access (groceries, pharmacies, restaurants) aligns with workforce housing needs
- Risks: weaker-than-national safety metrics and limited parks/caf e9s warrant conservative underwriting and targeted on-site enhancements