| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Best |
| Demographics | 81st | Best |
| Amenities | 32nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 707 Seigle Ave, Charlotte, NC, 28204, US |
| Region / Metro | Charlotte |
| Year of Construction | 2013 |
| Units | 21 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
707 Seigle Ave, Charlotte NC Multifamily Investment
Neighborhood occupancy is steady with a high share of renter-occupied units, supporting depth of tenant demand near Uptown Charlotte, according to WDSuite’s CRE market data.
707 Seigle Ave sits in an Inner Suburb submarket where neighborhood occupancy trends are stable and the renter concentration is elevated (measured at the neighborhood level), indicating a broad tenant base for multifamily operators. Median contract rents in the neighborhood are above national midpoints while the rent-to-income profile suggests manageable affordability pressure, a combination that can support lease retention and measured pricing power.
The property’s 2013 construction is newer than the neighborhood’s average 1970s vintage, which can improve competitive positioning against older stock. Investors should still plan for mid-life system updates and selective common-area refreshes to sustain performance against ongoing deliveries across the Charlotte metro.
Local amenity dynamics are mixed: dining density scores competitively (restaurants per square mile rank among the top quartile nationally), and cafes are comparatively plentiful, while immediate neighborhood counts for parks, groceries, and pharmacies are low. For a workforce that commutes to nearby employment cores, this mix points to strong lifestyle convenience for dining and services while warranting attention to on-site offerings that compensate for limited daily-needs retail within the neighborhood cluster.
Within a 3-mile radius, WDSuite data indicates population and households have expanded meaningfully over the past five years, with further increases projected. Rising household incomes alongside growth in higher-earning cohorts signal a widening renter pool and support for Class B/B+ demand. Elevated home values in the neighborhood relative to national norms create a high-cost ownership market, which typically reinforces reliance on rental housing and supports occupancy stability.
Neighborhood safety benchmarks trail metro medians, with crime ranking 466 out of 709 Charlotte-area neighborhoods, indicating weaker conditions relative to many peer locations. Compared with neighborhoods nationwide, safety sits in a lower percentile range. That said, recent WDSuite indicators show year-over-year declines in both property and violent offenses at the neighborhood level, suggesting gradual improvement.
For investors, underwriting should reflect conservative assumptions on security, lighting, and access controls, with attention to resident experience and retention. Monitoring trend direction is prudent given the recent reductions reported by WDSuite.
Proximity to Uptown anchors a diverse employment base that supports renter demand and short commutes. Key nearby employers include Bank of America, Duke Energy, Cisco Systems, Sonic Automotive, and Nucor.
- Bank of America Corp. — banking HQ (0.89 miles) — HQ
- Duke Energy — utilities HQ (1.21 miles) — HQ
- Cisco Systems — technology offices (2.04 miles)
- Sonic Automotive — auto retail HQ (3.65 miles) — HQ
- Nucor — steel HQ (4.47 miles) — HQ
707 Seigle Ave is a 21-unit, 2013-vintage asset positioned in an Inner Suburb neighborhood with solid renter demand and proximity to major Uptown employers. At the neighborhood level, occupancy is stable and renter concentration is high, while median contract rents and incomes indicate room for disciplined rent growth without outsized retention risk. Elevated ownership costs in the neighborhood context further support reliance on multifamily housing. According to CRE market data from WDSuite, local NOI per unit performance trends rank in the top quartile nationally at the neighborhood level, underscoring competitive fundamentals versus many U.S. submarkets.
Forward-looking demographics within a 3-mile radius point to continued expansion in population and households, implying a growing tenant base. The newer vintage versus area norms offers relative competitiveness and reduced near-term capital intensity, though mid-life updates should be mapped into asset plans. Key risks include below-median neighborhood safety benchmarks and a thinner mix of daily-needs retail inside the neighborhood cluster, which can be mitigated through property-level amenities and active management.
- 2013 vintage relative to older neighborhood stock supports competitive leasing with moderate near-term capex
- High neighborhood renter-occupied share and stable occupancy underpin demand depth
- Growing 3-mile population and households expand the tenant base and support retention
- Elevated home values sustain reliance on rentals, aiding pricing power and lease stability
- Risks: below-median safety and limited daily-needs retail nearby; plan for security measures and on-site amenity programming