| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 91st | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1025 W 6th St, Charlotte, NC, 28202, US |
| Region / Metro | Charlotte |
| Year of Construction | 2012 |
| Units | 25 |
| Transaction Date | 2024-12-02 |
| Transaction Price | $9,400,000 |
| Buyer | GORDON ROAD CAPITAL QOZB-CREST LLC |
| Seller | GOLDEN TRIANGLE 4-5TH STREET LLC |
1025 W 6th St Charlotte Multifamily Investment
2012-vintage, 25-unit asset in Charlotte s Urban Core with a deep renter base and strong amenity access, according to WDSuite s CRE market data. Neighborhood occupancy runs softer, but newer construction can support competitive leasing and retention versus older stock nearby.
Located in Charlotte s Urban Core, the property sits in a neighborhood rated A+ and competitive among Charlotte-Concord-Gastonia neighborhoods (ranked 7 out of 709). Amenity access is a standout: cafes and grocery options rank at or near the top locally (both ranked 1 of 709), restaurants are similarly dense (ranked 2 of 709), and parks access is strong (ranked 3 of 709). For investors, this level of walkable services supports renter appeal and day-to-day convenience, with national amenity measures also testing in the upper percentiles.
The property s 2012 construction is newer than the neighborhood s average vintage of 1993 (above-median nationally). That positioning can be advantageous against older competitive stock, while owners should still plan for normal mid-life system upgrades and programmatic modernization to sustain rentability and pricing power over the hold.
Neighborhood occupancy is below national norms (ranked 667 of 709), yet renter-occupied unit concentration is high (54.9%; top decile nationally). For multifamily investors, this points to a sizable tenant base even if near-term lease-up may require sharper asset positioning and amenity-driven differentiation.
Within a 3-mile radius, demographics indicate recent population growth with a rising share of higher-earning households and smaller average household sizes. Forecasts point to additional increases in households and contract rents through 2028, implying a larger tenant base and support for occupancy stability over time. Elevated home values relative to incomes in the neighborhood reinforce reliance on multifamily rentals, which can aid lease retention and pricing discipline.
School rating data are not available for this neighborhood. Nearby pharmacies and daily-needs retail rank well within the metro and high nationally, complementing the area s amenity density for residents.
Safety metrics for this neighborhood trend below metro and national averages (crime rank 552 out of 709 Charlotte-area neighborhoods; around the lower quartile nationally). Property offenses have eased year over year, indicating some improvement, but violent and property offense rates remain elevated compared with many neighborhoods. Investors should underwrite appropriate security measures and operating practices typical for Urban Core assets and monitor trend direction as part of ongoing asset management.
Proximity to Uptown anchors a diverse white-collar employment base that supports weekday population, commute convenience, and multifamily demand. Nearby employers include Bank of America, Duke Energy, Cisco Systems, AmerisourceBergen Healthcare Consultants, and Airgas.
- Bank of America Corp. corporate offices (0.87 miles) HQ
- Duke Energy corporate offices (0.92 miles) HQ
- Cisco Systems corporate offices (1.84 miles)
- AmerisourceBergen Healthcare Consultants corporate offices (4.47 miles)
- Airgas corporate offices (5.09 miles)
This 25-unit, 2012-built asset benefits from a prime Urban Core location with exceptional access to food, grocery, parks, and major employers. Neighborhood rents skew upper-tier for the metro, while elevated ownership costs in the area tend to sustain renter reliance on multifamily housing. According to CRE market data from WDSuite, the immediate neighborhood shows a high share of renter-occupied units, signaling depth in the tenant base even as overall occupancy runs softer than metro leaders.
Forward-looking neighborhood and 3-mile demographic indicators point to continued growth in higher-income households and additional renter pool expansion, supporting long-term demand, lease retention, and revenue management. The property s newer vintage positions it competitively versus older stock; planned modernization and disciplined operations can further differentiate the asset while addressing Urban Core safety and occupancy variability with appropriate underwriting.
- Urban Core location with top-tier amenity density supports sustained renter appeal and leasing velocity.
- 2012 vintage offers competitive positioning versus older neighborhood stock with room for targeted upgrades.
- High renter-occupied share indicates depth in the tenant base for multifamily demand and retention.
- Demographic trends within 3 miles point to more higher-earning households and a growing renter pool through the forecast period.
- Risks: below-average neighborhood safety and softer occupancy suggest the need for proactive management and conservative lease-up assumptions.