| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 95th | Best |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1800 Commonwealth Ave, Charlotte, NC, 28205, US |
| Region / Metro | Charlotte |
| Year of Construction | 2013 |
| Units | 53 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1800 Commonwealth Ave Charlotte Multifamily Investment
Newer 2013 construction in a high-demand inner suburb with strong neighborhood occupancy and a deep renter base, according to WDSuite’s CRE market data. Investor focus: durable demand drivers support income stability with room for value-add positioning over time.
Located in Charlotte’s Inner Suburb, the neighborhood carries an A+ rating and ranks 1st out of 709 metro neighborhoods, signaling strong fundamentals that generally support leasing and retention. Amenities are a clear strength: the area is competitive at the metro level for grocery and dining access (ranks 19th and 12th of 709, respectively) and sits in the top quartile nationally for overall amenity depth. Parks and pharmacies per square mile are also top-tier nationally, reinforcing day-to-day convenience that helps sustain renter appeal.
For investors, demand signals are favorable. Neighborhood occupancy is 98.3% (neighborhood metric, not property-specific) and sits well above national norms, and about 58% of housing units are renter-occupied, indicating a sizable tenant pool. Median home values in the neighborhood are elevated relative to many markets, which tends to reinforce reliance on multifamily rentals and can support pricing power when managed against rent-to-income levels; the neighborhood s rent-to-income ratio reads as manageable by national standards.
Construction vintage matters: the property s 2013 delivery is newer than the neighborhood s average 1970 stock, offering relative competitiveness versus older assets. That typically translates to less immediate capital exposure, though investors should still plan for mid-life system updates and modernization to maintain positioning.
Within a 3-mile radius, population and household counts have expanded over the last five years and are projected to continue growing into 2028, while average household size trends slightly smaller. This dynamic supports a larger renter base and steady absorption of units. Income levels are comparatively strong in the 3-mile radius and rising, which, together with forecast rent growth, points to sustained demand for well-located, professionally managed properties. These neighborhood dynamics align with what multifamily property research often highlights as supportive of occupancy stability.
Safety indicators warrant a measured view. Relative to 709 Charlotte metro neighborhoods, this area s crime rank places it below the metro median, and national comparisons show it in lower safety percentiles overall. However, recent data indicates violent offense rates have improved year over year, suggesting a favorable directional trend even if the level remains elevated compared to national benchmarks.
Investors should underwrite with prudent assumptions around security, lighting, and resident experience, while recognizing that improving trends can mitigate risk over a multi-year hold. Always evaluate property-specific measures and nearby block conditions in tandem with neighborhood data.
Proximity to major employers supports commuter convenience and multifamily demand, anchored by financial services, energy, technology, and automotive corporate offices within a short drive.
- Bank of America Corp. financial services (1.7 miles) HQ
- Duke Energy energy (2.0 miles) HQ
- Cisco Systems technology (2.6 miles)
- Sonic Automotive automotive retail (3.0 miles) HQ
- Nucor steel (4.3 miles) HQ
The thesis centers on durable renter demand in a top-ranked Charlotte neighborhood, with amenity access and high neighborhood occupancy supporting income stability. The property s 2013 vintage is competitive versus predominantly older local stock, reducing near-term capex exposure while leaving room for targeted modernization to capture premium positioning. According to CRE market data from WDSuite, neighborhood renter concentration and elevated home values reinforce reliance on multifamily, which can support pricing when balanced against rent-to-income levels.
Within a 3-mile radius, population and household growth, rising incomes, and smaller household sizes point to renter pool expansion and sustained leasing velocity. Key risks include neighborhood safety metrics that trail metro and national averages and the need to maintain differentiation as newer deliveries come to market.
- Top-ranked inner-suburb location with strong amenity access and high neighborhood occupancy
- 2013 construction offers competitive positioning versus older stock with manageable near-term capex
- Larger renter base supported by elevated ownership costs and solid rent-to-income dynamics
- 3-mile growth in population and households supports demand and leasing stability
- Risks: below-median safety metrics and potential competition from newer deliveries