| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 69th | Best |
| Demographics | 92nd | Best |
| Amenities | 75th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1315 E Woodlawn Rd, Charlotte, NC, 28209, US |
| Region / Metro | Charlotte |
| Year of Construction | 1972 |
| Units | 104 |
| Transaction Date | 2007-05-23 |
| Transaction Price | $4,250,000 |
| Buyer | HORIZON DEVELOPMENT PROPERTIES INC |
| Seller | FAIRFIELD WOODLAWN LIMITED PARTNERSHIP |
1315 E Woodlawn Rd Charlotte Multifamily Investment
Neighborhood occupancy trends are holding in the mid-90s, pointing to steady renter demand and leasing durability for well-run assets, according to WDSuite’s CRE market data. Positioned in an inner-suburb pocket with strong amenities and employment access, this location supports stable operations and disciplined rent management.
This inner-suburb location ranks 13 out of 709 metro neighborhoods, placing it in the top quartile among Charlotte submarkets and indicating strong overall fundamentals (based on WDSuite’s CRE market data). Amenity access is a clear strength: grocery and dining density are competitive among Charlotte neighborhoods and fall in the top quartile nationally, supporting day-to-day convenience that helps retention.
The neighborhood s occupancy is about 94% and has been comparatively stable, suggesting a reliable leasing base for professionally managed communities. Within a 3-mile radius, roughly half of housing units are renter-occupied, indicating a deep tenant pool that supports multifamily demand and absorption, even as lease management remains important for retention.
Home values in the surrounding area are elevated relative to national norms, which typically reinforces reliance on rental housing and can support pricing power for well-positioned properties. At the same time, rent-to-income levels in the neighborhood sit near balanced territory, which may help limit affordability pressure and support steady renewal velocity when paired with measured rent setting.
Vintage matters for competitiveness: the neighborhood s average construction year trends newer than this asset (1986 area average vs. a 1972 building). For investors, that typically points to targeted capital planning and a value-add path upgrading interiors, common areas, and building systems to close the gap with newer stock and sustain occupancy performance.
Safety indicators are mixed and broadly around metro norms. The neighborhood s overall crime positioning sits near the middle of national comparisons, with recent data showing meaningful year-over-year improvement in violent incidents and a modest decline in property offenses, according to WDSuite s CRE market data. This trend-focused view suggests risks are being managed but still warrant typical asset-level security and lighting best practices.
Within the Charlotte metro (709 neighborhoods), the area is competitive with many inner-suburb peers but not among the top-quartile for safety. For investors, the key takeaway is that recent downward trends provide a constructive backdrop, while underwriting should incorporate standard allowances for security enhancements and resident experience programming.
Proximity to major employers supports a sizable commuter renter base and underpins weekday occupancy and renewals. Nearby corporate offices include Nucor, Airgas, Cisco Systems, Sonic Automotive, and Duke Energy, reinforcing demand drivers within typical multifamily catchments.
- Nucor steel manufacturing (1.4 miles) HQ
- Airgas industrial gases (1.8 miles)
- Cisco Systems technology offices (2.7 miles)
- Sonic Automotive auto retail services (3.2 miles) HQ
- Duke Energy utilities (3.6 miles) HQ
At 104 units with a 1972 vintage, this asset sits in a high-demand inner-suburb of Charlotte where neighborhood occupancy remains in the mid-90s and amenity density is strong. Population and household growth within a 3-mile radius point to a larger tenant base over the next five years, while elevated ownership costs in nearby neighborhoods tend to sustain reliance on rental housing. According to CRE market data from WDSuite, area rent-to-income levels appear manageable, supporting steady retention for properties with disciplined operations.
The primary upside stems from value-add and capital planning: the submarket s average construction year skews newer than the property, suggesting scope to modernize interiors and common areas to compete effectively with 1980s-and-newer stock. Risks to underwrite include competitive deliveries across the metro and the need to calibrate rents to maintain affordability balance as incomes and asking rents rise.
- Inner-suburb location with stable neighborhood occupancy supporting leasing durability
- Strong amenity and employment access aids absorption and renewals
- Value-add potential given 1972 vintage versus newer neighborhood stock
- Manageable rent-to-income dynamics support pricing discipline and retention
- Risks: competitive supply, standard safety and capex planning required for older assets