| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 63rd | Good |
| Demographics | 45th | Fair |
| Amenities | 46th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6208 E W T Harris Blvd, Charlotte, NC, 28215, US |
| Region / Metro | Charlotte |
| Year of Construction | 1987 |
| Units | 38 |
| Transaction Date | 2007-04-10 |
| Transaction Price | $1,185,000 |
| Buyer | GHIT TRAIAN |
| Seller | DOW RENTALS LLC |
6208 E W T Harris Blvd Charlotte Multifamily Investment
Neighborhood occupancy is steady relative to national norms and a sizable renter base nearby supports leasing durability, according to WDSuite’s CRE market data. Focus is on tenant demand depth rather than outsized rent growth, with performance driven by location fundamentals.
This Inner Suburb location rates B+ and is competitive among Charlotte neighborhoods (ranked 236 out of 709), indicating balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy is around the national midpoint; note this occupancy refers to the neighborhood, not the property.
Amenity access skews practical: grocery options and park access trend above national midpoints, while cafés and pharmacies are thinner. For family renters, average school ratings in the area track below national norms, which can influence unit mix appeal and leasing strategy.
Within a 3-mile radius, population and households have grown and are projected to continue expanding by 2028, pointing to a larger tenant base over time. Renter-occupied housing accounts for a majority of units in this 3-mile radius, reinforcing demand depth and supporting occupancy stability for multifamily.
Home values locally are elevated relative to incomes, which tends to sustain multifamily demand and can aid lease retention as renters weigh ownership alternatives. Median asking rents in the neighborhood sit above national midpoints; paired with a rent-to-income profile near investor comfort zones, this supports pricing without undue retention risk. These observations synthesize local conditions with broader commercial real estate analysis from WDSuite.
Safety indicators sit below metro averages, with the neighborhood ranking in the lower half among 709 Charlotte-area neighborhoods. Compared with neighborhoods nationwide, both violent and property offense rates index on the higher side; however, year-over-year trends show measurable declines, suggesting conditions are moving in a favorable direction.
Investors should underwrite with conservative assumptions, use security and lighting upgrades where appropriate, and track local trend lines rather than block-level conclusions. Contextualizing safety comparatively (metro and national) and monitoring the improving trajectory can help align leasing, marketing, and capital plans.
Proximity to major corporate employers supports renter demand through commute convenience and diversified job access. Notable nearby employers include Sonic Automotive, Bank of America, Duke Energy, Merck, and Cisco Systems.
- Sonic Automotive — automotive retail HQ & corporate (5.3 miles) — HQ
- Bank of America Corp. — banking & financial services (6.2 miles) — HQ
- Duke Energy — utilities HQ & corporate (6.6 miles) — HQ
- Merck — pharmaceuticals (7.1 miles)
- Cisco Systems — networking & technology (7.3 miles)
The property’s Charlotte inner-suburban setting offers a balanced demand profile: neighborhood occupancy hovers near national midpoints, the 3-mile radius shows ongoing population and household growth, and a majority renter-occupied housing mix nearby broadens the tenant pool. Elevated ownership costs relative to incomes reinforce reliance on rentals, aiding lease retention and occupancy stability. According to CRE market data from WDSuite, local rents benchmark above national midpoints while remaining supported by income trends, favoring disciplined pricing and renewal management over speculative growth.
Operationally, nearby employment hubs diversify demand, while softer school ratings and below-median safety metrics warrant conservative underwriting and targeted amenity/capex planning. Overall, the thesis leans on steady renter demand, measured rent positioning, and attention to risk mitigants rather than outsized growth assumptions.
- Inner-suburb location competitive among 709 Charlotte neighborhoods, supporting steady demand
- Majority renter-occupied housing within 3 miles expands tenant base and supports occupancy stability
- Rents above national midpoints with income support enable disciplined pricing and renewal focus
- Diverse nearby employers underpin leasing durability and retention potential
- Risks: below-median safety and weaker school ratings require cautious underwriting and targeted improvements