| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 45th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6017 Williams Rd, Charlotte, NC, 28215, US |
| Region / Metro | Charlotte |
| Year of Construction | 1986 |
| Units | 120 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6017 Williams Rd Charlotte Multifamily Investment Opportunity
Neighborhood multifamily occupancy sits around the national midpoint, supporting steady leasing fundamentals for a 120-unit asset; according to WDSuite’s CRE market data, a sizable renter base nearby further underpins demand.
Located in Charlotte’s inner suburbs, the area around 6017 Williams Rd carries a B+ neighborhood rating and ranks 236 out of 709 metro neighborhoods — competitive among Charlotte neighborhoods. The local amenity mix skews toward everyday needs rather than trend retail: grocery access ranks 160 of 709 (around the upper tier metro-wide and 70th percentile nationally), while parks density is in the national top quartile. Cafe and pharmacy density are thinner, which investors should consider for resident lifestyle expectations and marketing.
Rents in the neighborhood test above national norms (69th percentile), suggesting room for quality-driven positioning, while neighborhood occupancy is near the national midpoint. Note that these rent and occupancy figures are measured for the neighborhood, not the property. With a renter-occupied share at 54.7% within a 3-mile radius, the area offers a deep tenant base that can support lease-up and renewal velocity for multifamily assets.
Schools in the neighborhood score below national averages (15th percentile), which may affect family-oriented unit demand and should be reflected in marketing and amenity strategy. At the same time, the share of residents with a bachelor’s degree is relatively strong (79th percentile nationally), broadening the pool for workforce and professional renters. Median home values trend above national midpoints, and a higher value-to-income ratio (68th percentile) indicates a comparatively high-cost ownership market — a backdrop that can sustain renter reliance on multifamily housing and support pricing power.
Within a 3-mile radius, population and household counts have been growing and are projected to continue rising, with forecasts pointing to more households and a smaller average household size. For investors, that combination typically expands the renter pool and supports occupancy stability over time, particularly for well-managed assets that address everyday convenience and value.
Safety metrics in the neighborhood trail national averages, with both violent and property offense levels positioned in the lower national percentiles. However, recent year-over-year trends indicate improvement, with double-digit declines in both categories, suggesting conditions have been moving in a favorable direction. These readings reflect neighborhood-level data rather than the property itself.
For context, these figures benchmark the neighborhood against areas nationwide and across the Charlotte metro (709 neighborhoods). Investors should incorporate prudent security measures and on-site management practices into underwriting and operations to support resident retention and asset performance.
The property sits within commuting distance of major employers that anchor Charlotte’s finance, energy, and corporate services ecosystem, supporting renter demand and retention for workforce and professional households. The following nearby employers illustrate the employment base accessible from the neighborhood.
- Sonic Automotive — corporate offices (5.3 miles) — HQ
- Bank of America Corp. — corporate offices (6.1 miles) — HQ
- Duke Energy — corporate offices (6.5 miles) — HQ
- Merck — corporate offices (7.0 miles)
- Cisco Systems — corporate offices (7.3 miles)
This 120-unit asset, built in 1986, is slightly older than the neighborhood’s average vintage, creating a tangible value‑add pathway through targeted interior upgrades and systems planning while competing effectively against older local stock. Neighborhood rent levels sit above national midpoints and ownership costs run comparatively high, which can sustain rental demand and support revenue management. Neighborhood occupancy is around the national midpoint; according to CRE market data from WDSuite, the area’s renter depth and steady household growth support baseline stability.
Within a 3-mile radius, a majority renter-occupied share, population growth, and projected increases in households point to a larger tenant base over the medium term. Rent-to-income levels indicate manageable affordability pressure relative to many markets, which can aid renewal strategies and retention. Risks include lower-rated schools, thinner cafe/pharmacy amenity density, and below-average safety metrics, all of which can be mitigated with targeted capital, onsite management, and resident experience programs.
- 1986 vintage offers value-add potential via interior refresh and building systems planning
- Neighborhood rents above national midpoints with high-cost ownership context support pricing power
- Renter-occupied share within 3 miles and household growth expand the tenant base and support occupancy
- Commutable access to major employers underpins workforce and professional renter demand
- Risks: lower-rated schools, thinner cafe/pharmacy density, and below-average safety metrics