| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 77th | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2025 Ayrsley Town Blvd, Charlotte, NC, 28273, US |
| Region / Metro | Charlotte |
| Year of Construction | 2013 |
| Units | 47 |
| Transaction Date | 2023-02-27 |
| Transaction Price | $50,300,000 |
| Buyer | 83 CHARLESTON ROW OWNER LLC |
| Seller | LOFTS AT CHARLESTON ROW LLC |
2025 Ayrsley Town Blvd Charlotte 47-Unit Multifamily
Inner-suburban location with competitive neighborhood occupancy and a deep renter base supports steady leasing, according to WDSuite’s CRE market data. Recent household growth within 3 miles points to durable renter demand and measured pricing power.
Situated in Charlotte’s inner suburbs, the property benefits from neighborhood fundamentals that are competitive among Charlotte-Concord-Gastonia metro neighborhoods (ranked 65 of 709). Neighborhood occupancy is healthy and above metro median trends over the last five years, supporting revenue stability for multifamily owners.
Local amenity access is anchored by strong daily-needs coverage: grocery stores rank near the top of the metro (48 of 709; 88th percentile nationally) and restaurants are also well represented (91 of 709; 77th percentile nationally). Childcare density is favorable (78 of 709; 80th percentile nationally). Park space and cafes are limited within the neighborhood, which investors should consider when positioning amenities and marketing.
Vintage matters for competitiveness. Built in 2013, the asset is newer than the neighborhood’s average 1999 construction year, which supports leasing against older stock while still requiring standard mid-life capital planning over time (systems, common-area refresh, and potential repositioning).
Tenure patterns in the neighborhood indicate a strong renter-occupied share of housing units (about half, with the neighborhood measuring 52.1% renter-occupied). This depth of renter households underpins multifamily demand and helps sustain occupancy. Within a 3-mile radius, population and household counts have grown over the past five years and are projected to continue expanding, pointing to a larger tenant base and supporting lease-up and retention. Median rents in the neighborhood sit alongside a rent-to-income ratio near 0.21, suggesting manageable affordability pressure that can aid renewal rates while leaving room for targeted upgrades, based on commercial real estate analysis from WDSuite.
Neighborhood safety metrics trend below metro averages and sit in the lower percentiles nationally. The neighborhood’s crime ranking places it below the median among 709 Charlotte-area neighborhoods, signaling elevated incident rates relative to many peer subareas. However, recent year-over-year trends show double-digit declines in both property and violent offense estimates, which indicates improving conditions rather than deterioration.
Investors should underwrite with appropriate precaution—enhanced lighting, access control, and resident engagement—while noting the recent directional improvement. Comparisons are at the neighborhood level; conditions can vary within small areas and over time.
Proximity to diversified corporate offices supports commuter convenience and broad renter demand, with major employers within an 8-mile radius that can aid retention and weekday leasing velocity. The employers below reflect the nearby corporate base.
- Airgas — corporate offices (3.4 miles)
- AmerisourceBergen Healthcare Consultants — corporate offices (4.4 miles)
- Nucor — corporate offices (5.7 miles) — HQ
- Cisco Systems — corporate offices (6.5 miles)
- Duke Energy — corporate offices (7.6 miles) — HQ
This 47-unit 2013-vintage asset offers a balanced mix of demand drivers: competitive neighborhood occupancy, a renter-heavy housing mix, and strong daily-needs amenities that support leasing durability. Within 3 miles, population and households have expanded historically and are projected to grow further, suggesting a larger tenant base and support for occupancy stability. Newer construction relative to local stock provides a competitive edge versus older properties, with potential to capture incremental rent through targeted upgrades.
According to CRE market data from WDSuite, neighborhood rent levels align with incomes, reinforcing retention while allowing selective repositioning where warranted. While neighborhood safety metrics track below national averages, recent declines in estimated offense rates indicate improvement—best addressed through prudent operations and resident-first asset management.
- 2013 construction outcompetes older local stock; plan for mid-life systems and amenity refresh
- Competitive neighborhood occupancy and renter concentration support stable leasing
- Strong daily-needs access (grocery, restaurants, childcare) aids retention and pricing power
- 3-mile population and household growth expands the tenant base and supports demand
- Risk: Safety metrics below national averages; mitigate via operations, access control, and resident engagement