| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 93rd | Best |
| Amenities | 44th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 134 Poindexter Dr, Charlotte, NC, 28203, US |
| Region / Metro | Charlotte |
| Year of Construction | 2013 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
134 Poindexter Dr, Charlotte NC Multifamily Investment
Positioned in an Inner Suburb with strong renter demand and steady neighborhood occupancy, this 50-unit asset offers scale with modern 2013 construction—according to WDSuite’s CRE market data, local fundamentals support stable leasing performance.
The property sits in a highly rated Inner Suburb neighborhood (A) that ranks 38 out of 709 Charlotte-Concord-Gastonia neighborhoods, placing it competitive among Charlotte neighborhoods. Neighborhood occupancy is measured at 94.5%, a sign of leasing stability at the neighborhood level rather than the property itself, based on CRE market data from WDSuite.
2013 construction is materially newer than the neighborhood’s average vintage (1963), indicating relative competitiveness versus older stock. Investors can underwrite lower near-term capital needs while still planning for system updates and selective modernization to support retention and market positioning.
Renter-occupied housing is a dominant share in the immediate area, signaling depth in the tenant base and support for multifamily demand. Within a 3-mile radius, households have expanded notably alongside smaller average household sizes, which generally widens the renter pool and supports occupancy stability.
Local lifestyle access skews toward daily needs and open space: grocery density scores in the high national percentiles and parks access is strong, while restaurants are competitive among national peers. Cafe and pharmacy density are limited in the immediate neighborhood, so residents may rely on nearby districts for those conveniences. Median asking rents in the neighborhood track in the upper national percentiles, and the rent-to-income profile indicates manageable affordability pressure in this submarket, which can aid retention while still allowing disciplined pricing.
Safety indicators trend below both metro and national medians. The neighborhood’s crime ranking is 571 out of 709 Charlotte-area neighborhoods, placing it below metro average, and national comparisons fall in the lower percentiles for safety. Recent estimates also show year-over-year increases in both property and violent offense rates. Investors typically address this with enhanced security measures, lighting, and resident engagement to support leasing and retention.
Proximity to major employers underpins commuter convenience and supports renter demand, led by technology, utilities, banking, and business services concentrated within three miles: Cisco Systems, Duke Energy, Bank of America, Airgas, and AmerisourceBergen Healthcare Consultants.
- Cisco Systems — technology offices (0.8 miles)
- Duke Energy — utilities HQ (1.9 miles) — HQ
- Bank of America Corp. — banking HQ (2.3 miles) — HQ
- Airgas — industrial gases offices (2.5 miles)
- AmerisourceBergen Healthcare Consultants — healthcare services (2.8 miles)
134 Poindexter Dr combines a 2013 vintage and 50-unit scale with a neighborhood that exhibits strong renter concentration, solid amenity access for daily needs, and competitive dining and park access. Within a 3-mile radius, population growth and faster household growth point to a larger tenant base and more renters entering the market, which typically supports occupancy stability and measured rent growth. According to CRE market data from WDSuite, neighborhood occupancy is 94.5%, offering a constructive backdrop for lease management.
The asset’s newer construction should compare favorably against older local stock, with potential to position larger average unit sizes for retention. Elevated home values in the area and upper-percentile neighborhood rents suggest pricing power can be sustained with prudent renewal strategies, though investors should monitor affordability pressure. Safety benchmarks are below metro averages, so underwriting should include security enhancements and operational oversight.
- 2013 construction offers competitive positioning versus older neighborhood stock with moderated near-term capex.
- Strong renter-occupied housing share and 3-mile household growth bolster tenant demand and support occupancy stability.
- Proximity to large employers (tech, utilities, banking) supports leasing velocity and retention.
- Upper-percentile neighborhood rents and high-cost ownership context can sustain pricing power with careful lease management.
- Risks: below-average safety metrics and limited nearby cafes/pharmacies; plan for security measures and targeted amenity upgrades.