| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 72nd | Best |
| Amenities | 53rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2141 Selwyn Ave, Charlotte, NC, 28207, US |
| Region / Metro | Charlotte |
| Year of Construction | 1979 |
| Units | 25 |
| Transaction Date | 1992-12-02 |
| Transaction Price | $1,300,000 |
| Buyer | BEATTY FRANCIS J |
| Seller | --- |
2141 Selwyn Ave Charlotte Multifamily Investment
Positioned in an inner-suburb pocket with elevated ownership costs and steady neighborhood occupancy, the asset targets renters prioritizing proximity to Uptown employers, according to CRE market data from WDSuite.
Situated in Charlotte’s Inner Suburb fabric, the neighborhood is rated A and ranks 73rd of 709 metro neighborhoods, placing it in the top quartile locally. According to WDSuite’s CRE market data, neighborhood occupancy trends sit near national midrange with only modest recent softening, pointing to generally stable leasing conditions for well-positioned assets.
Local livability indicators skew favorable: parks and grocery access test strong relative to national peers, while cafes and pharmacies are less dense. Median contract rents for the neighborhood benchmark in the higher range nationally, reinforcing the area’s ability to sustain quality assets when product is maintained and well-managed.
Tenure patterns vary by geography. Within the neighborhood, the share of housing units that are renter-occupied is limited, implying a narrower immediate renter base. However, demographics aggregated within a 3-mile radius show a meaningful renter concentration and an expanding household count, which broadens the tenant pool and supports occupancy stability for professionally operated multifamily.
The property’s 1979 vintage is slightly older than the neighborhood’s average construction year. Investors should plan for targeted capital projects and consider value-add or modernization to stay competitive against newer stock, particularly in a submarket where high home values sustain rental demand but also heighten expectations for finishes and services.
Based on WDSuite’s CRE market data, overall crime levels track around the metro median among 709 Charlotte-area neighborhoods and sit below the national median for safety. Recent trends show a decline in estimated property offenses while estimated violent incidents have increased year over year. Investors should underwrite standard safety measures, monitor trend direction, and reference property-level security and lighting as part of the operating plan.
Proximity to major corporate employers supports a strong commuter renter base and aids retention for well-located workforce and professional housing. Nearby anchors include Nucor, Sonic Automotive, Cisco Systems, Duke Energy, and Bank of America.
- Nucor — steel manufacturing HQ (1.8 miles) — HQ
- Sonic Automotive — automotive retail HQ (2.2 miles) — HQ
- Cisco Systems — technology offices (2.3 miles)
- Duke Energy — utilities HQ (2.8 miles) — HQ
- Bank of America Corp. — financial services HQ (2.9 miles) — HQ
2141 Selwyn Ave is a 25‑unit asset positioned in an affluent Inner Suburb setting where elevated home values help sustain rental demand and support pricing power for updated product. Neighborhood occupancy sits near national midrange and rents benchmark on the higher side nationally, according to CRE market data from WDSuite, suggesting well-executed operations can maintain stable tenancy. Within the immediate neighborhood, renter-occupied share is lower, but a 3‑mile radius shows a larger renter pool and ongoing growth in households, expanding the demand base for professionally managed multifamily.
The 1979 vintage indicates potential value‑add and systems modernization upside to defend competitiveness against newer stock. Access to multiple Uptown headquarters deepens the employment base and should aid lease-up and renewal performance, while standard risk management—safety measures, capital planning, and expense control—remains important given mixed safety trend signals and the area’s high expectations for finishes.
- Affluent Inner Suburb location where elevated ownership costs reinforce multifamily demand
- Neighborhood rents rank on the higher side nationally, supporting revenue potential with quality operations
- Larger renter pool and household growth within a 3‑mile radius supports occupancy stability
- 1979 vintage offers value‑add and modernization pathways to enhance competitiveness
- Risks: mixed safety trend signals and premium tenant expectations require proactive management and capital planning