| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 34th | Poor |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1925 Sharon Rd W, Charlotte, NC, 28210, US |
| Region / Metro | Charlotte |
| Year of Construction | 1980 |
| Units | 30 |
| Transaction Date | 2000-12-27 |
| Transaction Price | $1,009,000 |
| Buyer | EXTENSIVE ENTERPRISES LLC |
| Seller | WESTDALE FANNY PROPERTIES LTD |
1925 Sharon Rd W Charlotte 30-Unit Multifamily Investment
Inner-suburban location with steady neighborhood occupancy and strong daily-needs access, according to WDSuite’s CRE market data. Positioned for durable renter demand with nearby employment nodes and room for targeted value-add.
Located in Charlotte’s inner suburbs, the neighborhood carries a B- rating and sits mid-pack among 709 metro neighborhoods, offering investors stability without paying core premiums. Neighborhood occupancy is around the metro median and has edged higher over the past five years, supporting lease retention and underwriting confidence based on CRE market data from WDSuite.
Daily-needs access is a relative strength: grocery availability ranks among the top quartile nationally and is competitive among Charlotte neighborhoods (ranked 6 of 709). Restaurant density is also competitive locally (112 of 709), while fewer parks, cafes, and pharmacies are within the neighborhood itself, suggesting residents rely on nearby corridors for discretionary amenities.
Rents in the neighborhood sit above the national median, and the rent-to-income ratio indicates manageable affordability pressure, which can support pricing power if paired with measured renewal strategies. The 1980 vintage is somewhat newer than the area’s average construction year (1973), providing a competitive edge versus older stock; investors should still plan for selective system upgrades or modernization to bolster positioning.
Demographic statistics aggregated within a 3-mile radius show households have increased despite a slight population dip in recent years, with forecasts pointing to further household growth and smaller average household sizes. That dynamic typically expands the renter pool and supports occupancy stability and leasing velocity for well-managed assets. The area’s renter-occupied share is roughly half of housing units, indicating depth for multifamily demand without overreliance on rentals.
Safety trends should be evaluated at the neighborhood level and in context. Compared with neighborhoods nationwide, the area sits below the national safety median (violent and property offense percentiles are on the lower end), but recent momentum is constructive: property offense estimates declined materially year over year, placing the neighborhood in a stronger improvement band nationally, while violent offense trends improved modestly. These shifts suggest risk management and security enhancements can further support resident retention.
Within the Charlotte metro’s 709 neighborhoods, this area is not among the top quartile for safety but has shown improvement relative to last year. Investors should underwrite to current conditions and consider measures such as lighting, access control, and community engagement to reinforce the positive trend without relying on block-level assumptions.
Proximity to diversified employers supports a broad renter base and commute convenience, notably in steel, industrial gases, automotive retail, healthcare distribution, and technology. Nearby anchors include Nucor, Airgas, Sonic Automotive, AmerisourceBergen Healthcare Consultants, and Cisco Systems.
- Nucor — steel HQ (3.5 miles) — HQ
- Airgas — industrial gases (3.5 miles)
- Sonic Automotive — auto retail HQ (5.8 miles) — HQ
- AmerisourceBergen Healthcare Consultants — healthcare distribution (6.3 miles)
- Cisco Systems — technology (6.4 miles)
This 30-unit 1980-vintage asset in Charlotte’s inner suburbs benefits from stable neighborhood occupancy, strong grocery access, and proximity to major employers, supporting demand resilience and renewal potential. The vintage is slightly newer than the area’s average stock, creating a platform for targeted value-add—systems, finishes, and common-area improvements—to sharpen competitive positioning against older nearby assets.
According to CRE market data from WDSuite, neighborhood rents are above the national median and occupancy has improved over the past five years, while 3-mile demographics point to continued household growth and smaller household sizes that can enlarge the renter pool. Affordability appears manageable, but prudent lease management remains important to balance pricing power with retention. Safety trends are improving on property offenses, warranting standard security and operating practices in underwriting.
- Inner-suburban location with strong daily-needs access and commute convenience to diversified employers
- 1980 vintage offers value-add potential to outperform older local stock
- Neighborhood rents above national median and improving occupancy support income durability
- 3-mile household growth and smaller household sizes expand the renter base
- Risk: below-national safety percentile; continue security, lighting, and access-control investments