| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 68th | Best |
| Demographics | 50th | Fair |
| Amenities | 45th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8908 Bow Rd, Charlotte, NC, 28217, US |
| Region / Metro | Charlotte |
| Year of Construction | 2007 |
| Units | 28 |
| Transaction Date | 2001-04-24 |
| Transaction Price | $300,000 |
| Buyer | CHARLOTTE MECKLENBURG HSNG PRTNRSHP INC |
| Seller | ARROWOOD LTD PARTNERSHIP |
8908 Bow Rd, Charlotte Multifamily Investment
Neighborhood occupancy is solid and supported by a sizable renter base and strong incomes, according to WDSuite’s CRE market data. This 2007 asset offers relatively newer product in an inner-suburb location where renter demand and employment access underpin leasing stability.
Positioned in an Inner Suburb of Charlotte, the neighborhood rates B+ and is competitive among Charlotte-Concord-Gastonia neighborhoods (ranked 188 of 709), per WDSuite. For investors, that positioning signals balanced fundamentals without the pricing volatility seen in more speculative submarkets.
Neighborhood occupancy stands in the 72nd percentile nationally, indicating steady demand at the neighborhood level rather than at this property specifically. Median contract rents locally have risen over the last five years, while the neighborhood’s rent-to-income profile suggests manageable affordability pressure that can support retention with disciplined lease management.
Within a 3-mile radius, households have grown and are projected to expand further, pointing to a larger tenant base ahead. Renter-occupied housing represents a meaningful share of units (over half within 3 miles), which deepens the pool for multifamily leasing and supports occupancy stability through cycles.
Amenities are mixed: grocery and pharmacy access track above many neighborhoods nationally, while parks and cafes are limited. Elevated home values in the area relative to incomes create a high-cost ownership market that tends to reinforce reliance on multifamily housing, supporting pricing power for well-managed, well-maintained assets.
Safety conditions at the neighborhood level trend below metro and national norms based on WDSuite’s comparative data. The neighborhood ranks 580 out of 709 Charlotte-Concord-Gastonia neighborhoods on crime, placing it below the metro average for safety, and national safety percentiles are on the lower end. Investors should incorporate prudent security, lighting, and operations planning into underwriting and asset management assumptions.
Nearby corporate employment anchors help support renter demand through commute convenience, led by industrial, automotive, technology, and utilities employers. The following are among the nearest demand drivers likely to influence leasing and retention:
- Airgas — industrial gases (2.0 miles)
- Nucor — steel manufacturing (3.0 miles) — HQ
- AmerisourceBergen Healthcare Consultants — healthcare services (4.7 miles)
- Cisco Systems — technology (5.1 miles)
- Sonic Automotive — automotive retail (5.5 miles) — HQ
Built in 2007, the property is newer than much of the surrounding housing stock, offering relative competitiveness versus older assets while leaving room for targeted modernization as systems age. Neighborhood-level occupancy is in a higher national percentile and renter concentration within 3 miles is substantial, which together support tenant demand depth and leasing stability. According to CRE market data from WDSuite, local incomes are strong and ownership costs are elevated, factors that typically sustain rental demand for well-operated multifamily.
With proximate employment nodes spanning industrial, technology, and corporate headquarters, the location provides a broad commuter base. The main risks to underwrite include neighborhood safety considerations and potential amenity gaps (parks and cafes), which call for thoughtful operations, resident engagement, and security planning rather than outsized rent assumptions.
- 2007 vintage offers competitive positioning versus older stock, with selective value-add potential
- Neighborhood occupancy is strong nationally, supporting lease-up and retention
- Deep renter base within 3 miles and strong income profiles reinforce demand
- Proximity to multiple corporate employers supports durable tenant demand
- Risks: below-average neighborhood safety and limited park/cafe amenities warrant conservative underwriting