| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 88th | Best |
| Amenities | 27th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2220 E 7th St, Charlotte, NC, 28204, US |
| Region / Metro | Charlotte |
| Year of Construction | 1984 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2220 E 7th St Charlotte Multifamily Investment
Neighborhood occupancy hovers in the mid-90s with a high share of renter-occupied units, supporting steady leasing; according to WDSuite’s CRE market data, these dynamics align with durable in-town renter demand.
Located in Charlotte’s Urban Core, the property benefits from a neighborhood rated A (ranked 79 out of 709 metro neighborhoods), indicating competitive positioning among Charlotte submarkets. Neighborhood occupancy is 95.3%, and renter concentration is elevated at 63.2% of housing units being renter-occupied, pointing to a deep tenant base and support for leasing stability based on CRE market data from WDSuite.
Livability is underpinned by strong daily-needs access: grocery density ranks 41st of 709 metro neighborhoods (top quartile locally) and restaurant availability is competitive (126th of 709). While the immediate area shows fewer cafes and dedicated park facilities in the dataset, residents tap nearby urban amenities common to central Charlotte. Average household size in the neighborhood skews small, which can translate to solid demand for studio and one-bedroom product.
Home values in the neighborhood sit in a higher-cost ownership market (national 83rd percentile), which can reinforce reliance on multifamily housing and support pricing power and retention for well-positioned assets. At the same time, the neighborhood rent-to-income ratio near 0.21 suggests manageable affordability pressure relative to many urban cores, helping sustain lease performance through cycles.
Within a 3-mile radius, population and household counts have grown and are projected to continue expanding through 2028, with households rising faster than population, implying smaller household sizes and a larger renter pool over time. Educational attainment is notably strong locally (metro rank 7 of 709 for bachelor’s share), supporting demand for professionally managed urban rentals.
Vintage context: the average neighborhood construction year is 1978, and this asset’s 1984 vintage is somewhat newer than the local average, often offering relative competitiveness versus older stock while still leaving room for selective renovations or system upgrades to bolster rent positioning and reduce near-term capital risk.
Safety indicators are mixed but improving. Overall crime performance sits around the national midpoint (about the 50th percentile), and the neighborhood ranks 241 out of 709 within the Charlotte metro—competitive among Charlotte neighborhoods. Recent trend data from WDSuite show property offenses declining materially year over year, with violent offenses easing modestly, which can support renter confidence if sustained.
Investors should interpret these figures at the neighborhood scale rather than the block level and monitor trajectory: stabilization or continued declines would be constructive for retention and renewal outcomes, while reversals could pressure leasing velocity.
Proximity to Uptown anchors underpins workforce demand and commute convenience, with major finance, energy, technology, and automotive headquarters/offices within a short radius. These employers support depth of the renter base and can enhance retention for well-amenitized units.
- Bank of America Corp. — banking & financial services (1.9 miles) — HQ
- Duke Energy — utilities & energy (2.1 miles) — HQ
- Cisco Systems — technology offices (2.5 miles)
- Sonic Automotive — automotive retail (2.5 miles) — HQ
- Nucor — steel manufacturing (3.7 miles) — HQ
This 32‑unit, 1984-vintage asset in Charlotte’s Urban Core aligns with deep renter demand drivers: neighborhood occupancy near the mid‑90s, a high share of renter-occupied housing, and proximity to multiple Fortune 500 anchors. Elevated ownership costs in the neighborhood reinforce reliance on rentals, while small household sizes and strong educational attainment support steady absorption of smaller formats and professionally managed product.
According to CRE market data from WDSuite, neighborhood occupancy trends rank above the metro median and rents have grown meaningfully over the last five years, indicating durable in-place demand. The 1984 vintage is slightly newer than the neighborhood average, offering a platform for targeted value-add (interiors, common areas, energy systems) to solidify positioning against older stock without taking on outsized capital scope.
- In-town fundamentals: high renter concentration and competitive occupancy support leasing stability
- Employer proximity: short commutes to Uptown finance, energy, tech, and automotive anchors deepen the tenant base
- Pricing power potential: elevated ownership costs sustain rental demand for well-positioned units
- Value-add angle: 1984 vintage offers modernization upside versus older neighborhood stock
- Risks: mixed-but-improving safety metrics and amenity gaps (limited cafes/parks) warrant active management and product differentiation