| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Best |
| Demographics | 89th | Best |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1425 Central Ave, Charlotte, NC, 28205, US |
| Region / Metro | Charlotte |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | 2012-02-09 |
| Transaction Price | $400,000 |
| Buyer | MISSION CENTRAL VENTURE ONE LLC |
| Seller | RUDOLPH MOORE PROPERTIES II LLC |
1425 Central Ave, Charlotte NC — 2013 Multifamily in Inner Suburb
Positioned in an A- rated Inner Suburb, the asset benefits from a renter-occupied base locally and occupancy that trends above the metro median, according to WDSuite’s CRE market data. Newer construction supports competitive positioning versus older stock while tapping steady demand drivers near Charlotte’s core.
This Charlotte Inner Suburb is rated A- and is competitive among the 709 metro neighborhoods, offering proximity to the urban core with steady renter demand. Neighborhood occupancy sits above the metro median, and the local renter-occupied share is 51.9% — a meaningful base that supports multifamily leasing depth and day-to-day stability.
Dining access stands out, with restaurant density performing in the top decile nationally, while other daily conveniences such as parks, pharmacies, and grocery options are more limited within the neighborhood footprint. For investors, that combination can concentrate demand around well-located buildings near transit corridors and employment, but it may also place a premium on on-site amenities and resident services.
Home values in the neighborhood rank in the upper tier nationally, signaling a high-cost ownership market that can reinforce reliance on multifamily housing and support pricing power when managed carefully. Rent-to-income levels trend moderate by national standards, suggesting room for disciplined rent growth while monitoring retention and renewal execution.
Within a 3-mile radius, demographics point to a growing tenant base: population and household counts have expanded over the past five years, with forecasts calling for continued household growth and slightly smaller average household sizes. This implies more renters entering the market and supports occupancy stability for well-managed assets. The property s 2013 vintage compares favorably to the neighborhood s older average stock (1975), offering relative competitiveness while still planning for mid-life system updates over the hold.
Safety indicators are mixed. Compared with neighborhoods nationwide, this area sits below average on safety (around the 40th percentile nationally), and within the Charlotte metro it is roughly mid-pack among 709 neighborhoods. Recent trends show property offenses easing year over year, while violent offense estimates have been relatively stable with slight fluctuation. Investors typically account for these dynamics with security measures, lighting, and resident engagement to support retention.
Nearby anchor employers support commute convenience and a broad renter pool, notably in financial services, energy, technology, automotive retail, and steel manufacturing — all within an easy reach of the neighborhood.
- Bank of America Corp. — financial services (1.6 miles) — HQ
- Duke Energy — energy (1.9 miles) — HQ
- Cisco Systems — technology offices (2.6 miles)
- Sonic Automotive — automotive retail HQ (3.2 miles) — HQ
- Nucor — steel manufacturing HQ (4.4 miles) — HQ
Built in 2013 with a 24-unit scale, the property offers newer-vintage positioning relative to an older local stock, supporting leasing competitiveness and minimizing near-term capital intensity versus legacy assets. Neighborhood fundamentals are solid: occupancy trends above the metro median and a meaningful renter-occupied share underpin demand, while high ownership costs locally point to continued reliance on rentals. According to commercial real estate analysis from WDSuite, the neighborhood s NOI per unit trends are strong versus national peers, reinforcing the case for disciplined revenue management.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding, implying a larger tenant base and resilience in lease-up and renewal cycles. Restaurant density is a local strength; by contrast, gaps in neighborhood-serving retail and mid-pack safety suggest a focus on resident experience, lighting, and operations to support retention and reputation.
- 2013 construction provides competitive positioning versus older neighborhood stock with manageable mid-life capex planning
- Occupancy above metro median and substantial renter-occupied base support leasing stability
- High ownership costs locally reinforce multifamily demand and pricing power when managed carefully
- Expanding 3-mile population and households point to a growing renter pool and sustained demand
- Risks: below-average national safety metrics and limited neighborhood retail require active management and resident engagement