| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Fair |
| Demographics | 27th | Poor |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3025 Baroda Ln, Charlotte, NC, 28269, US |
| Region / Metro | Charlotte |
| Year of Construction | 1998 |
| Units | 55 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3025 Baroda Ln, Charlotte NC Multifamily Investment
Neighborhood occupancy trends are competitive among Charlotte neighborhoods and in the top quartile nationally, according to WDSuite’s CRE market data, supporting stable tenancy for a 55-unit asset.
Positioned in an Inner Suburb of Charlotte, the property benefits from solid rental fundamentals at the neighborhood level. Occupancy ranks competitive among 709 Charlotte-area neighborhoods and sits in the top quartile nationally, indicating relatively steady lease-up and retention potential versus broader U.S. benchmarks. Median contract rents in the neighborhood are above national midpoints, while the rent-to-income profile is moderate, which can support pricing power without overextending tenants.
The renter-occupied share within the immediate neighborhood is about one-third of housing units, suggesting an owner-leaning micro market. However, demographics aggregated within a 3-mile radius show a larger renter base and continued renter demand, providing a wider catchment for leasing and renewals. Population and household counts in this 3-mile area have grown in recent years and are projected to expand further through 2028, pointing to a larger tenant base over time.
The property’s 1998 construction is newer than the neighborhood’s average vintage from the late 1970s. For investors, that typically translates to a relatively competitive offering versus older local stock, while still allowing for targeted modernization to drive rent premiums and manage long-term capital planning.
Local walkability is limited, with few cafés, groceries, parks, or pharmacies within the neighborhood footprint. Average school ratings in the area trend below national norms. Investors should weigh these livability factors against the strong occupancy profile and the broader Charlotte metro demand drivers when underwriting leasing velocity and retention.
Safety indicators for the neighborhood sit roughly around the metro middle but below national medians. While national comparisons place the area outside higher safety percentiles, recent trend data is constructive: property offenses have declined sharply year over year, landing in a top-quartile improvement nationally, and violent offense rates show a measurable decline. This combination suggests improving conditions even if the baseline remains mixed compared to nationwide benchmarks.
As always, investors should consider submarket-level context and operating practices (lighting, access control, and community engagement) when evaluating risk, noting that rankings reflect comparisons among 709 neighborhoods in the Charlotte metro and that performance can vary block to block.
Proximity to major employers underpins renter demand and commute convenience for workforce households. Nearby employment nodes feature Merck, Bank of America, Duke Energy, Cisco Systems, and Sonic Automotive, supporting leasing depth across healthcare, finance, utilities, and technology.
- Merck — pharmaceuticals (3.4 miles)
- Bank of America Corp. — banking & financial services (5.3 miles) — HQ
- Duke Energy — utilities (5.7 miles) — HQ
- Cisco Systems — technology (6.7 miles)
- Sonic Automotive — auto retail (8.5 miles) — HQ
3025 Baroda Ln brings a 55-unit, 1998-vintage asset to a Charlotte Inner Suburb with occupancy performance that is competitive within the metro and strong versus national benchmarks. The newer vintage relative to nearby 1970s-era stock provides a platform for targeted upgrades to enhance positioning while managing near-term capital intensity. Demographics aggregated within a 3-mile radius indicate continued population and household growth through 2028, supporting a larger renter pool and reinforcing occupancy stability.
Neighborhood livability amenities are limited and local school ratings trail national averages, but proximity to diversified employment nodes helps sustain workforce renter demand. Rents have trended upward in both the neighborhood and the surrounding 3-mile area, and, according to CRE market data from WDSuite, neighborhood occupancy remains above metro medians—an attractive backdrop for disciplined rent management and retention strategies.
- Competitive neighborhood occupancy and top-quartile national standing support stable tenancy
- 1998 construction offers relative competitiveness versus older local stock with value-add upside
- Expanding 3-mile population and households point to a growing renter base
- Employer proximity across finance, utilities, tech, and healthcare underpins leasing depth
- Risks: limited nearby amenities and below-average school ratings; safety metrics improving but below national medians