| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 48th | Fair |
| Demographics | 44th | Fair |
| Amenities | 14th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6915 Hidden Forest Dr, Charlotte, NC, 28213, US |
| Region / Metro | Charlotte |
| Year of Construction | 2002 |
| Units | 36 |
| Transaction Date | 2020-09-29 |
| Transaction Price | $12,520,000 |
| Buyer | PC NC CROSSROADS STATION LLC |
| Seller | THRESHOLD CAROLINAS 15 CVP LLC |
6915 Hidden Forest Dr Charlotte Multifamily Investment
Neighborhood renter-occupied share is high, pointing to a deep tenant base and durable leasing demand, according to WDSuite s CRE market data.
This Inner Suburb location of Charlotte offers everyday convenience more than lifestyle retail. Grocery access is a relative strength, with neighborhood availability in the top quartile nationally, while cafes, parks, and pharmacies are sparse. For investors, that mix supports workforce housing demand but limits amenity-driven rent premiums compared with core Charlotte submarkets.
Renter concentration is notably elevated: the neighborhood s share of renter-occupied housing units ranks 12 out of 709 Charlotte-area neighborhoods, signaling a large, stable tenant base for multifamily assets. Neighborhood occupancy is lower than the national median, suggesting some leasing competition; thoughtful operations and unit positioning are important for sustained absorption.
The property s 2002 vintage is newer than the neighborhood s average construction year (1974 across 709 Charlotte neighborhoods). That relative youth can enhance competitiveness versus older stock, though two-decade-old systems may still warrant targeted capital planning for modernization and efficiency.
Within a 3-mile radius, demographics indicate a growing renter pool: population is up modestly in recent years and is projected to expand further alongside a meaningful increase in households and a smaller average household size. This points to more one- and two-person households entering the market, supporting leasing velocity and occupancy stability for well-positioned units.
Ownership costs in the neighborhood are relatively accessible compared with many U.S. areas, which can create some competition from entry-level ownership. However, the strong renter-occupied share and workforce-oriented rent levels indicate depth of rental demand and potential for steady retention when pricing is managed prudently.
Compared with U.S. neighborhoods overall, this area trends below the national median for safety, with crime indicators placing it in lower national percentiles. Within the Charlotte metro (709 neighborhoods), it performs below the metro median as well, so investors should assume typical urban edge risk management needs.
Recent trends are mixed: estimated property offenses have improved year over year, while violent offense indicators ticked up. For underwriting and operations, plan for standard multifamily security practices, lighting and access controls, and community engagement to support resident retention.
Proximity to major employers supports weekday traffic and near-term leasing demand, with a mix of pharmaceuticals, banking, energy, technology, and auto retail HQs within a commutable radius.
- Merck pharmaceuticals (3.6 miles)
- Bank of America Corp. banking (5.1 miles) HQ
- Duke Energy energy (5.5 miles) HQ
- Cisco Systems technology (6.6 miles)
- Sonic Automotive auto retail (7.3 miles) HQ
6915 Hidden Forest Dr is a 36-unit, 2002-vintage asset positioned in an Inner Suburb of Charlotte with a high share of renter-occupied housing units and grocery access that ranks among the stronger neighborhood amenities. According to CRE market data from WDSuite, neighborhood occupancy trends are below national medians, which puts a premium on effective leasing, but the deep renter base and workforce-oriented rent levels provide demand support.
The 3-mile trade area points to steady population growth and a larger household count over the next few years, which expands the tenant base and supports absorption. Being newer than much of the surrounding housing stock offers a relative quality edge versus 1970s-era inventory, while selective updates to interiors and building systems can further differentiate positioning without overcapitalizing.
- High renter-occupied share supports a deeper tenant pool and leasing durability.
- 2002 vintage offers competitive positioning versus older neighborhood stock with targeted value-add upside.
- 3-mile area forecasts point to population and household growth, reinforcing absorption and retention potential.
- Grocery access is a relative strength, even as other amenities are limited, aligning with workforce housing demand.
- Risks: below-median safety indicators and sub-median neighborhood occupancy call for active management and prudent underwriting.