| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 44th | Fair |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1300 Hunter Oaks Ln, Charlotte, NC, 28213, US |
| Region / Metro | Charlotte |
| Year of Construction | 1974 |
| Units | 94 |
| Transaction Date | 2015-07-01 |
| Transaction Price | $3,900,000 |
| Buyer | Silverstone NC, LP |
| Seller | Silverstone Apartment Homes, LLC |
1300 Hunter Oaks Ln, Charlotte NC Multifamily Investment
High renter concentration in the immediate neighborhood supports a deep tenant base even as occupancy trails metro norms, according to WDSuite’s CRE market data.
Positioned in an inner-suburb pocket of Charlotte, the property benefits from everyday convenience and renter demand fundamentals that matter to multifamily investors. Neighborhood grocery access is comparatively strong versus national peers, while sit-down restaurants, cafes, parks, and pharmacies are limited nearby—placing a premium on in-unit amenities and on-site services to support retention.
Neighborhood-level metrics indicate occupancy running below metro averages, suggesting lease-up and operational upside with focused asset management. At the same time, the neighborhood shows a very high share of renter-occupied housing units, reinforcing depth in the tenant pool and supporting leasing velocity for similar product in this submarket.
Within a 3-mile radius, population and households have expanded modestly in recent years, with forecasts pointing to additional population growth and a larger household base over the next five years. A rising share of younger working-age residents and a projected increase in household counts signal more renters entering the market, which can support occupancy stability and absorption for well-positioned assets.
Home values in the immediate neighborhood track below national medians. For investors, a lower-cost ownership landscape can introduce some competition with entry-level for-sale options; however, current rent-to-income levels indicate comparatively manageable rents, which can aid renewal rates and reduce turnover risk. Balancing these dynamics, investors should prioritize value, livability, and service quality to sustain pricing power.
Safety indicators for the neighborhood are below metro and national medians, placing it outside the top tiers for Charlotte neighborhoods. In national terms, the area aligns closer to the lower percentiles for safety, so investors should underwrite with prudent security, lighting, and property management plans to support resident comfort and retention.
Recent trends are mixed: estimated property offenses have declined year over year, while violent offense estimates have moved higher. This divergence underscores the importance of ongoing monitoring and targeted on-site measures rather than assuming a uniform trajectory.
Proximity to major employers supports commuter convenience and broad renter demand, anchored by banking, utilities, pharma, networking, and auto retail headquarters and offices noted below.
- Merck — pharma operations (3.8 miles)
- Bank of America Corp. — banking (4.9 miles) — HQ
- Duke Energy — utilities (5.3 miles) — HQ
- Cisco Systems — networking (6.4 miles)
- Sonic Automotive — auto retail (7.1 miles) — HQ
This 1974-vintage, 94-unit asset offers a straightforward value-add and operations thesis: a very high neighborhood renter concentration supports a deep tenant base, while below-median neighborhood occupancy points to potential lease-up and revenue upside with targeted renovations and stronger management. According to CRE market data from WDSuite, rents in the area remain comparatively manageable relative to incomes, aiding renewal prospects even as ownership costs stay accessible by national standards.
Demand catalysts extend beyond the block. Within a 3-mile radius, population and households are projected to grow, expanding the renter pool and supporting absorption for pragmatic, well-amenitized properties. Given the property’s vintage, investors should plan for selective capital projects—interiors, building systems, and curb appeal—to enhance competitive positioning against newer supply and capture rent lifts while maintaining retention.
- Deep neighborhood renter base supports demand and leasing velocity
- Below-median neighborhood occupancy suggests lease-up and operational upside
- 3-mile radius shows projected population and household growth, supporting absorption
- 1974 vintage positions asset for targeted value-add to improve competitiveness
- Risk: safety metrics trail metro and national medians—underwrite for security and management focus