| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Good |
| Demographics | 77th | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2116 Sandy Porter Rd, Charlotte, NC, 28273, US |
| Region / Metro | Charlotte |
| Year of Construction | 2013 |
| Units | 21 |
| Transaction Date | 2012-02-17 |
| Transaction Price | $1,176,500 |
| Buyer | COLONIAL REALTY LIMITED PARTNERSHIP |
| Seller | BODYCOTT EUGENE L |
2116 Sandy Porter Rd Charlotte Multifamily Investment
Neighborhood occupancy trends are stable and renter demand is durable in this inner-suburban pocket of Charlotte, according to WDSuite s CRE market data. The location balances access to jobs with generally attainable rent-to-income dynamics for tenant retention.
This Inner Suburb neighborhood scores well for overall livability (A rating) and is competitive among Charlotte-Concord-Gastonia neighborhoods (ranked 65 out of 709). The area s occupancy is above the national median for neighborhoods, supporting income stability for multifamily assets at this address.
Amenities skew toward daily needs: grocery access ranks competitively in the metro (48 of 709), and pharmacies are readily reachable. Restaurants are present at a solid clip relative to the region, while parks and caf E9 density are limited a trade-off investors should weigh when positioning the property s appeal.
Renter concentration in the neighborhood is high compared with U.S. neighborhoods (around the 90th percentile), deepening the tenant base for smaller assets. Median contract rents in the neighborhood sit in the upper tier for the metro (77th percentile nationally), but a moderate rent-to-income profile supports lease retention rather than push volatility.
Within a 3-mile radius, population and households have grown meaningfully over the past five years, with further gains projected by 2028. This growth, alongside an increasing share of higher-income households, points to a larger tenant base and supports occupancy stability for multifamily properties near 2116 Sandy Porter Rd, based on CRE market data from WDSuite.
The property s 2013 construction is newer than the neighborhood s average vintage (1999), offering relative competitiveness versus older stock; investors should still underwrite routine modernization and systems updates over the hold.
Safety metrics for the neighborhood trend below national benchmarks, with both violent and property offense rates comparing weakly to U.S. neighborhoods. Recent year-over-year movement shows improvement, however, with double-digit declines in both categories according to WDSuite s CRE market data. Investors should account for current conditions in leasing strategy and insurance assumptions while noting the recent directional improvement.
Proximity to diversified employers underpins renter demand and commute convenience, notably Airgas, AmerisourceBergen, Nucor, Cisco Systems, and Duke Energy. This mix of industrial, healthcare distribution, technology, and corporate power-sector roles supports a broad workforce renter base.
- Airgas corporate offices (3.8 miles)
- AmerisourceBergen Healthcare Consultants corporate offices (4.8 miles)
- Nucor corporate offices (6.1 miles) HQ
- Cisco Systems corporate offices (6.9 miles)
- Duke Energy corporate offices (8.0 miles) HQ
2116 Sandy Porter Rd offers exposure to an Inner Suburb location where neighborhood occupancy trends are above the national median and renter concentration is high, supporting depth of demand and stabilized income. Access to a diversified employment base within 3 A0to A08 miles underpins leasing, while a moderate rent-to-income profile supports retention. The 2013 vintage is newer than the area s average, providing a competitive edge versus older stock, though investors should still budget for targeted modernization over time.
According to CRE market data from WDSuite, neighborhood rents sit in the upper tier relative to the metro while daily-need amenities are strong and parks/caf E9 access is thinner a manageable positioning issue for workforce-oriented marketing. Demographic growth within a 3-mile radius both historical and forecast points to a larger tenant base and supports occupancy stability over the hold.
- Above-median neighborhood occupancy and strong renter concentration support income durability
- 2013 construction offers competitive positioning versus older local stock
- Diverse nearby employers bolster leasing and reduce reliance on a single industry
- 3-mile population and household growth expand the tenant base, aiding lease-up and retention
- Risks: below-national safety metrics and thinner park/caf E9 amenities may require pricing and marketing strategies