| 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 | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1425 Central Ave, Charlotte Multifamily Investment
2013-vintage, 24-unit asset in an inner-suburb location with an above-median neighborhood occupancy profile that supports stable leasing, according to WDSuite s CRE market data.
Situated in Charlotte s Inner Suburb fabric, the neighborhood scores A- and ranks 115 out of 709 metro neighborhoods placing it in the top quartile locally and signaling competitive fundamentals for multifamily. Restaurants are a relative strength (top decile nationally), while everyday amenities like grocery, parks, childcare, and cafes are thinner within the immediate neighborhood, so residents often draw on nearby corridors for services.
The area s renter concentration is meaningful: 51.9% of housing units are renter-occupied in the neighborhood, which supports depth of tenant demand and lease-up resilience. Within a 3-mile radius, households have expanded and the renter share remains substantial, further reinforcing the local tenant base and helping sustain occupancy stability.
Home values in the neighborhood sit in a high-cost ownership context (above the 90th percentile nationally). For investors, elevated ownership costs typically sustain reliance on multifamily rentals, supporting pricing power and retention when paired with prudent lease management.
Vintage and competitive position matter here. With an average neighborhood construction year around the mid-1970s, a 2013 asset should compare favorably versus older stock on unit finish and systems. That positioning can aid absorption and renewal performance even as new supply across the metro ebbs and flows.
Occupancy for the neighborhood is above the metro median (rank 315 of 709), and national positioning is modestly above mid-pack. Combined with a rent-to-income profile that suggests manageable affordability pressure at the neighborhood level, these factors point to steady operational performance absent a sharp local demand shock.
Safety indicators are mixed when viewed against broader benchmarks. Neighborhood crime levels track near the metro middle, while national positioning is below the median, indicating more reported incidents than many U.S. neighborhoods. Property incidents have been trending downward year over year, which is a constructive sign for investors monitoring tenant retention and insurance costs.
Given these dynamics, prudent measures such as lighting, access controls, and coordination with local community programs can help maintain resident comfort and support leasing stability over time.
Proximity to major Uptown employers underpins resident demand by shortening commutes and broadening the tenant pool. Key nearby employers include Bank of America, Duke Energy, Cisco Systems, Sonic Automotive, and Nucor.
- Bank of America Corp. banking (1.6 miles) HQ
- Duke Energy utilities (1.9 miles) HQ
- Cisco Systems technology offices (2.6 miles)
- Sonic Automotive auto retail headquarters (3.2 miles) HQ
- Nucor steel & corporate offices (4.4 miles) HQ
Built in 2013, this 24-unit property offers a newer profile versus the neighborhood s predominantly 1970s stock, improving competitive positioning on finishes and building systems while still allowing for targeted value-add and common-area enhancements over time. The neighborhood ranks in the top quartile among 709 Charlotte metro neighborhoods, with occupancy above the metro median and a solid base of renter-occupied housing units supporting day-to-day leasing. Elevated home values locally point to a high-cost ownership market, which typically sustains multifamily demand and supports pricing power with disciplined revenue management.
Within a 3-mile radius, population and household growth expand the tenant base and support occupancy stability, while proximity to Uptown employers broadens demand from professionals seeking commute convenience. According to CRE market data from WDSuite, neighborhood rent-to-income metrics indicate manageable affordability pressure, suggesting room for thoughtful rent optimization balanced against retention strategies.
- 2013 vintage competes well against older neighborhood stock; scope for selective value-add remains.
- Above-median neighborhood occupancy with a meaningful renter-occupied share supports leasing stability.
- High-cost ownership context reinforces renter reliance, aiding pricing power with prudent management.
- 3-mile population and household growth expand the tenant base, benefiting renewal and absorption.
- Risks: amenity depth is uneven beyond restaurants, and safety metrics trail national medians requiring active operations and resident engagement.