| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Best |
| Demographics | 91st | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 300 W 7th St, Charlotte, NC, 28202, US |
| Region / Metro | Charlotte |
| Year of Construction | 1977 |
| Units | 54 |
| Transaction Date | 2018-03-28 |
| Transaction Price | $11,750,000 |
| Buyer | POPLAR GROVE PRESERVATION LP |
| Seller | BG APARTMENTS INVESTORS LLC |
300 W 7th St Charlotte Multifamily Opportunity
Urban-core amenity density and a deep renter base support durable leasing, according to WDSuite’s CRE market data.
Located in Charlotte’s Urban Core, the neighborhood ranks 7th out of 709 metro neighborhoods (A+), indicating strong fundamentals relative to the region. Amenity density is a standout: cafés, restaurants, groceries, parks, and pharmacies score in the top tier metro-wide, with national performance in the top quartile, supporting retention and day-to-day convenience for tenants.
The property’s 1977 vintage is older than the neighborhood’s average construction year (1993). Investors should plan for capital improvements and potential value-add renovations to remain competitive against newer stock while leveraging the area’s demand drivers.
Tenure dynamics favor multifamily: the neighborhood shows a high share of renter-occupied units (above the 90th percentile nationally), signaling a deep tenant base and ongoing demand for apartments. By contrast, the neighborhood’s occupancy rate is lower than many Charlotte peers, so active leasing and asset management will be important to stabilize performance.
Within a 3-mile radius, demographics point to a larger tenant base over time: recent population and household growth, with households expanding faster than population, indicate smaller household sizes and more renters entering the market. Income levels are strong for an urban core, and home values are elevated for the region, which tends to reinforce reliance on rental housing and support pricing power for well-positioned assets. These patterns align with multifamily property research from WDSuite that shows this submarket’s renter pool expansion underpinning demand.
Safety indicators sit below metro and national norms for this urban-core location. The neighborhood’s crime rank is in the lower tier of Charlotte’s 709 neighborhoods, and national safety percentiles are also low, which can impact leasing strategy and security planning.
Recent data shows a year-over-year decline in property offenses, while violent-offense measures remain elevated. Investors typically mitigate these conditions through on-site security, access controls, lighting, and resident engagement, and by highlighting proximity to employment and amenities when positioning the asset.
Proximity to major employers supports workforce housing demand and commute convenience, anchored by financial services, utilities, technology, automotive, and healthcare distribution employers listed below.
- Bank of America Corp. — banking & financial services (0.3 miles) — HQ
- Duke Energy — utilities (0.6 miles) — HQ
- Cisco Systems — networking technology (1.7 miles)
- Sonic Automotive — automotive retail (4.6 miles) — HQ
- AmerisourceBergen Healthcare Consultants — pharma distribution (4.8 miles)
300 W 7th St combines an A+ ranked urban-core location with exceptional amenity access and a renter-heavy housing stock, supporting depth of demand and retention. While the neighborhood’s occupancy rate trails many Charlotte peers, proximity to headquarters employers and strong 3-mile household growth provide a path for leasing consistency as units are competitively positioned. According to WDSuite’s commercial real estate analysis, elevated ownership costs in the area tend to sustain reliance on multifamily housing, which can support pricing power when paired with effective operations.
Built in 1977 across 54 units, the asset may benefit from targeted capital planning and value-add upgrades to compete with newer deliveries. Renter-occupied share is high by national standards, and forward-looking demographic trends within 3 miles point to a larger renter pool, which can support occupancy stability once renovations and leasing strategies are executed effectively.
- A+ neighborhood rank (7 of 709) with top-tier amenity access that supports retention
- Strong renter concentration and growing 3-mile household base deepen tenant demand
- Proximity to headquarters employers reinforces leasing velocity for workforce and professional renters
- 1977 vintage suggests value-add and capital planning to sharpen competitive positioning
- Risks: below-median neighborhood occupancy and lower safety percentiles require active leasing and security measures