| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Best |
| Demographics | 83rd | Best |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 100 Hunters Rd, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2020-09-29 |
| Transaction Price | $18,900,000 |
| Buyer | HUNTERSVILLE OWNER LLC |
| Seller | BMA HUNTERSVILLE APARTMENTS LLC |
100 Hunters Rd Huntersville 20-Unit Multifamily Investment
Neighborhood fundamentals signal steady renter demand and above-metro occupancy stability, according to WDSuite’s CRE market data. Strong local incomes and a high-cost ownership market support pricing power while keeping lease-up risk contained.
Huntersville’s A+–rated suburban neighborhood ranks 22 out of 709 Charlotte-area neighborhoods, making it competitive among Charlotte-Concord-Gastonia submarkets. Neighborhood occupancy registers in the upper range (96.9%) and sits in the 83rd percentile nationally, pointing to stable leasing conditions rather than outsized vacancy-driven volatility.
Daily needs are well covered, with grocery and pharmacy access testing in the mid-70s to low-80s national percentiles, and parks also scoring solidly. Average school ratings are a local standout, ranking 1st of 709 metro neighborhoods and landing at the 100th percentile nationally — a quality-of-life tailwind that can support retention for family-oriented renters.
Renter concentration at the neighborhood level is modest (about a quarter of housing units are renter-occupied), which suggests a shallower but often more stable tenant base for multifamily. Median contract rents benchmark high for the metro and have risen materially over five years, while the neighborhood rent-to-income ratio around 0.17 indicates manageable affordability pressure that can aid renewals and limit turnover risk.
Within a 3-mile radius, WDSuite data shows population growth over the past five years alongside a faster increase in households, expanding the renter pool and supporting occupancy stability. Forward-looking estimates point to additional household growth and smaller average household sizes by 2028, which can translate into more renters entering the market. Elevated home values in the neighborhood, relative to incomes, position rentals as a more accessible option, sustaining depth of demand for professionally managed units.
The asset’s 1988 vintage is slightly older than the neighborhood’s average construction year (1994). For investors, that points to potential value-add through targeted renovations and systems upgrades to remain competitive against newer stock, with capital planning aligned to interiors, curb appeal, and energy-efficiency improvements.
Relative safety metrics are a comparative strength for this neighborhood. Based on WDSuite’s indicators, the area ranks 206 out of 709 Charlotte metro neighborhoods for overall crime, performing above the metro median and modestly above the national average (around the mid-50s percentile nationally). Property offense rates compare favorably (upper-80s percentile nationally), and violent offense levels sit in the upper-70s percentile when benchmarked nationwide — both supportive of renter retention and leasing.
One watch item: recent year-over-year change in violent incidents has moved unfavorably compared with national trends. While this is a single-period observation, investors may consider sustained monitoring and engagement with local property management practices focused on lighting, access control, and resident communications.
The employment base features a mix of corporate offices within commutable distance, supporting workforce housing demand and lease retention. Notable nearby employers include Merck, Lowe’s, Sysco, Bank of America, and Duke Energy.
- Merck — pharmaceuticals (7.7 miles)
- Lowe's — retail HQ and corporate (8.5 miles) — HQ
- Sysco — food distribution offices (11.4 miles)
- Bank of America Corp. — banking HQ and corporate (13.2 miles) — HQ
- Duke Energy — utilities HQ and corporate (13.4 miles) — HQ
100 Hunters Rd offers a 20-unit footprint in an A+ suburban location that ranks among the strongest in the Charlotte metro. Neighborhood occupancy is in the top national quartile, while elevated home values and strong local incomes underpin durable rental demand and lease retention. According to CRE market data from WDSuite, the area’s renter-occupied share is modest but stable, and household growth within 3 miles expands the tenant base over the medium term.
Built in 1988, the asset is slightly older than nearby stock, suggesting clear value-add pathways via interior upgrades and efficiency-focused systems improvements to compete with 1990s and 2000s product. With rents benchmarking high for the metro yet supported by manageable rent-to-income ratios, the business plan can balance rent growth with retention-focused management. Key risks include monitoring recent volatility in violent incident trends and calibrating capital plans to resident expectations in a high-performing school district.
- A+ neighborhood, above-metro occupancy and nationally strong safety profile
- Household growth within 3 miles supports a larger tenant base and leasing stability
- 1988 vintage offers value-add potential versus newer competitive stock
- Elevated ownership costs reinforce multifamily demand and pricing power
- Risks: monitor recent violent incident uptick; align capex with amenity expectations