| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 60th | Good |
| Demographics | 89th | Best |
| Amenities | 13th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7561 Quail Meadow Ln, Charlotte, NC, 28210, US |
| Region / Metro | Charlotte |
| Year of Construction | 1981 |
| Units | 90 |
| Transaction Date | 2017-03-01 |
| Transaction Price | $10,750,000 |
| Buyer | Bridges at Quail Hollow, LLC |
| Seller | Fairfield Quail Hollow, LLC |
7561 Quail Meadow Ln Charlotte Multifamily Investment
Neighborhood occupancy remains steady and renter demand is supported by strong incomes and high home values, according to WDSuite’s CRE market data. In this suburban Charlotte pocket, thoughtful multifamily property research points to stable operations with room to optimize positioning.
The property sits in a suburban Charlotte neighborhood (A- rating) that is competitive among Charlotte-Concord-Gastonia neighborhoods, ranked 184 out of 709. Investor takeaway: fundamentals lean stable, with neighborhood occupancy measured at the neighborhood level above many peers and in the 68th percentile nationally, per WDSuite.
Livability is largely auto-oriented. Amenity density ranks 436 out of 709 in the metro (13th percentile nationally), indicating limited walkable retail and dining immediately nearby. This tends to favor residents prioritizing quiet settings and convenience to job centers by car rather than foot traffic–driven retail.
Within a 3-mile radius, WDSuite data shows median household income is strong and home values are elevated versus national norms (neighborhood metrics sit in the low-80s national percentiles). In practice, a high-cost ownership market can sustain rental demand and support pricing power while keeping leasing competitive with for-sale alternatives.
Demographic indicators aggregated within 3 miles point to a stable-to-growing tenant base: while population edged down slightly in recent years, household counts increased and are projected to rise further, implying smaller household sizes and a larger renter pool over time. Renter-occupied housing units account for roughly half of the housing stock in this radius, which supports depth of demand and occupancy stability for multifamily assets.
Safety signals are mixed and should be underwritten with care. The neighborhood’s crime rank is 433 out of 709 within the Charlotte metro, placing it below the metro median, and WDSuite benchmarks it around the 35th percentile nationally. Year over year, estimated property offense rates have improved, while violent offense estimates increased; investors may want to emphasize security features and resident engagement in operations.
Proximity to major employers supports commuter convenience and broad renter demand, with a concentration of corporate offices within an 8-mile radius including metals, industrial gases, automotive retail, and tech/healthcare services.
- Nucor — steel manufacturing HQ (3.35 miles) — HQ
- Airgas — industrial gases (3.56 miles)
- Sonic Automotive — auto retail & services (5.64 miles) — HQ
- AmerisourceBergen Healthcare Consultants — healthcare services (6.37 miles)
- Cisco Systems — technology offices (6.37 miles)
Built in 1981, this 90-unit asset offers scale with potential value-add upside through targeted capital planning and modernization. Neighborhood-level occupancy is solid and, according to CRE market data from WDSuite, compares favorably to many U.S. areas, while elevated local incomes and ownership costs reinforce multifamily renter demand and lease retention potential.
Within a 3-mile radius, households have grown and are projected to increase meaningfully, pointing to renter pool expansion even as average household size trends lower. Auto-oriented amenities and proximity to diversified employers underpin steady leasing fundamentals, though investors should account for mixed safety signals and the suburban retail footprint when positioning the asset.
- Stable neighborhood-level occupancy supports income durability versus metro peers.
- Elevated incomes and home values locally sustain rental demand and pricing power.
- 3-mile household growth and forecasts indicate a larger tenant base over time.
- 1981 vintage offers value-add and systems modernization opportunities to enhance competitiveness.
- Risks: mixed safety trends and limited walkable retail call for focused operations and amenity strategy.