| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 30th | Poor |
| Amenities | 39th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5700 Copper Creek Ct, Charlotte, NC, 28227, US |
| Region / Metro | Charlotte |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2012-12-06 |
| Transaction Price | $7,017,000 |
| Buyer | FOREST MMXII LLC |
| Seller | CAMDEN OPERATING LP |
5700 Copper Creek Ct, Charlotte Multifamily Investment
Neighborhood occupancy remains firm and renter demand is durable for this inner-suburban Charlotte location, according to WDSuite s CRE market data. Expect steady leasing supported by a sizable renter pool, with the area s metrics referring to the neighborhood rather than the specific property.
This Inner Suburb pocket of Charlotte shows resilient rental fundamentals. Neighborhood occupancy trends sit in the upper tier locally (competitive among Charlotte neighborhoods) and above the national middle, supporting day-to-day leasing stability. The renter-occupied share is in the top quartile nationally, indicating a deeper tenant base than many areas and helping sustain absorption through typical turnover cycles.
Livability inputs skew practical for workforce households. Dining access is a relative strength with restaurants and cafes ranking in the top quartile among 709 metro neighborhoods, and groceries and pharmacies also competitive. By contrast, nearby parks and childcare options are limited at the neighborhood scale, which may modestly affect appeal for some family renters. These differences can influence unit mix performance and amenity programming.
Within a 3-mile radius, the population has grown and households have increased over the past five years, with forecasts indicating further household expansion by 2028. A rising household count and slightly smaller average household size together point to a larger tenant base and ongoing demand for rental units rather than new household “formation.”
Ownership dynamics also support rentals. The neighborhood s value-to-income ratio sits in a higher national percentile, signaling a relatively high-cost ownership market in local terms, which tends to reinforce renter reliance on multifamily housing. At the same time, neighborhood rent-to-income levels suggest some affordability pressure, so pricing power should be balanced with retention-focused lease management.
Safety indicators are mixed and should be considered in underwriting. Compared with other Charlotte neighborhoods, this area ranks below the metro median on crime (ranked 454 out of 709), placing it among less safe parts of the region. Nationally, safety sits in lower percentiles overall; however, violent offense rates have been trending down year over year, an improvement that is above many U.S. neighborhoods.
For investors, the takeaway is to plan for appropriate security measures and screening while recognizing a recent improvement trend. Positioning, lighting, and community engagement can support resident retention even where broader neighborhood metrics lag the metro average.
Proximity to several major employers underpins renter demand via short commutes for office, energy, and industrial workforces. Notable nearby employers include Sonic Automotive, Bank of America, Nucor, Duke Energy, and Cisco Systems.
- Sonic Automotive — auto retail & services (5.0 miles) — HQ
- Bank of America Corp. — banking & financial services (7.3 miles) — HQ
- Nucor — steel manufacturing (7.4 miles) — HQ
- Duke Energy — utilities (7.6 miles) — HQ
- Cisco Systems — technology offices (8.1 miles)
This Charlotte Inner Suburb location combines solid neighborhood occupancy, top-quartile renter concentration nationally, and proximity to major employers—factors that generally support steady leasing and retention. According to CRE market data from WDSuite, local dining and daily-needs access are competitive among metro peers, while ownership costs run relatively high versus incomes, reinforcing reliance on multifamily housing. Household growth within a 3-mile radius, alongside projections for further renter pool expansion, adds a constructive medium-term demand backdrop.
Counterpoints include below-metro-average safety metrics and measured affordability pressure at the neighborhood level. These conditions argue for prudent expense planning, resident services, and disciplined rent-setting to balance pricing power with retention. Overall, the submarket s fundamentals align with a durable workforce-renter profile and a pragmatic, operations-focused hold.
- Competitive neighborhood occupancy and top-quartile renter concentration support leasing stability
- 3-mile household growth and forecasts point to a larger tenant base over the next few years
- Access to major employers (finance, utilities, industrial) underpins workforce renter demand
- Elevated ownership costs relative to incomes reinforce reliance on multifamily housing
- Risks: below-metro-average safety and affordability pressure require careful rent and ops management