| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 64th | Good |
| Demographics | 49th | Fair |
| Amenities | 21st | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 405 Rollingbrook Dr, Charlotte, NC, 28217, US |
| Region / Metro | Charlotte |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 2003-06-19 |
| Transaction Price | $30,200,000 |
| Buyer | STROUSE GREENBERG PROPERTIES VI LIMITED |
| Seller | G & I IV TYVOLA LLC |
405 Rollingbrook Dr, Charlotte NC Multifamily Opportunity
Neighborhood occupancy trends are solid and the renter-occupied share is elevated, suggesting depth in the tenant base, according to WDSuite’s CRE market data.
Located in an inner suburb of Charlotte, the neighborhood posts a B rating and sits above the national midpoint on several housing and livability measures. Neighborhood occupancy is steady relative to national benchmarks, supporting income stability for well-managed assets.
Everyday convenience is a relative strength: grocery access ranks in the top quartile among 709 Charlotte metro neighborhoods, which can help leasing and retention even as cafes, parks, and pharmacies are less concentrated locally. Average school ratings in the area trend below national norms, which may modestly temper demand from families but is often less decisive for workforce-oriented rentals.
The housing stock in this neighborhood skews older than 1986 on average, while this property was built in 2000. That newer vintage can be competitively positioned versus nearby 1980s assets, though investors should still plan for system updates and selective modernization to sustain rentability.
Tenure dynamics are favorable for multifamily: the neighborhood shows a high share of renter-occupied housing units, indicating a broad tenant base and potential for steady absorption. Within a 3-mile radius, population and household counts have expanded and are projected to continue growing through 2028, pointing to ongoing renter pool expansion that can support occupancy and leasing velocity.
Pricing context is balanced for investors. Neighborhood rents benchmark above many areas nationally, while home values are moderate for the region. This mix can sustain rental demand, though rent-to-income levels suggest some affordability pressure; disciplined renewals and revenue management remain important for retention.
Relative to neighborhoods nationwide, safety metrics here trend below average, and the area ranks below the metro median among 709 Charlotte neighborhoods. Recent year-over-year declines in both violent and property offense estimates suggest incremental improvement, but investors should still underwrite prudent security measures and tenant screening.
Proximity to diversified corporate employers supports workforce housing demand and commute convenience for residents, including roles in industrial gases, healthcare distribution, steel, technology, and utilities.
- Airgas — industrial gases (1.2 miles)
- AmerisourceBergen Healthcare Consultants — healthcare distribution/consulting (2.7 miles)
- Nucor — steel manufacturing (4.0 miles) — HQ
- Cisco Systems — technology offices (4.2 miles)
- Duke Energy — utilities (5.3 miles) — HQ
405 Rollingbrook Dr offers a 24-unit, 2000-vintage asset in an inner-suburban Charlotte neighborhood where occupancy is healthy and the renter-occupied share is high—supportive signals for income durability. The property’s newer construction relative to the area’s 1980s average should aid competitive positioning against older stock, while nearby grocery access and a growing 3-mile workforce broaden the tenant pipeline. Based on commercial real estate analysis from WDSuite, neighborhood rents and incomes point to balanced demand with some affordability pressure that calls for attentive lease management.
Forward-looking fundamentals hinge on population and household growth within three miles, which indicates renter pool expansion and supports occupancy stability. Risks to underwrite include below-average school ratings, area safety metrics that trail national norms, and sensitivity to rent-to-income ratios. Thoughtful capital planning and operational focus can help capture value while managing these factors.
- Newer 2000 vintage versus local 1980s stock supports competitive positioning with targeted updates
- Solid neighborhood occupancy and high renter-occupied share indicate depth of tenant demand
- 3-mile population and household growth underpin leasing velocity and retention
- Strong grocery access among Charlotte submarkets adds day-to-day convenience for residents
- Risks: below-average school ratings, safety metrics below national norms, and affordability pressure requiring careful renewals