| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13255 Rosedale Hill Ave, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2000 |
| Units | 24 |
| Transaction Date | 2003-08-20 |
| Transaction Price | $25,100,000 |
| Buyer | WMCI CHARLOTTE I LLC |
| Seller | ROSEDALE COMMONS LLC |
13255 Rosedale Hill Ave Huntersville Multifamily Investment
Neighborhood occupancy has been strong, supporting stable leasing conditions for this 24‑unit asset near key Charlotte employment nodes, according to WDSuite’s CRE market data. Metrics cited reflect neighborhood conditions rather than the property and point to sustained renter demand in this inner-suburban location.
Huntersville’s inner-suburban setting offers a balanced mix of convenience and housing stability for multifamily investors. The neighborhood is rated A and ranks in the top quartile among 709 Charlotte metro neighborhoods, signaling competitive fundamentals relative to the region. Neighborhood occupancy is high and has edged up in recent years, which supports income durability at similar properties in this submarket.
Retail access is a local strength, with grocery and pharmacy density outperforming many peer areas, while cafes and parks are sparser. For investors, this mix supports day‑to‑day resident needs and commute convenience, though limited park and cafe density may modestly temper lifestyle appeal compared with amenity‑rich urban nodes.
Tenure data indicates a meaningful renter base: the neighborhood’s share of renter‑occupied housing units is in the mid‑40% range, helping provide depth to the tenant pool and demand stability for multifamily assets. Median incomes rank above most neighborhoods regionally, while the neighborhood’s rent‑to‑income levels remain manageable. Elevated home values relative to incomes reinforce continued reliance on rental options, which can aid lease retention and pricing power.
Demographic statistics are aggregated within a 3‑mile radius. Over the last five years, population and households have expanded, and WDSuite’s projections indicate further population growth and a sizable increase in household count through 2028 alongside smaller average household sizes. For multifamily owners, that combination typically points to a larger tenant base and ongoing demand for well‑located units. The submarket’s 2000 construction vintage at the subject property is newer than the area’s average stock from the early 1990s, suggesting relative competitiveness versus older properties, while still leaving room for selective system upgrades or light renovations to sharpen positioning.
Comparable crime metrics for this neighborhood are not available in WDSuite for the current period. Investors commonly benchmark safety using city and metro trend sources and property‑level measures such as lighting, access control, and management practices. Where data is available, we contextualize neighborhood ranks against the 709 neighborhoods in the Charlotte metro and national percentiles to understand whether conditions are above or below broader norms.
Proximity to major corporate employers underpins renter demand and commute convenience in this Huntersville location, notably across life sciences, retail headquarters, energy, foodservice distribution, and banking. The employers below reflect the primary nearby drivers likely to support leasing stability.
- Merck — life sciences (7.7 miles)
- Lowe's — retail HQ (9.0 miles) — HQ
- Duke Energy — energy offices (9.9 miles)
- Sysco — foodservice distribution (11.9 miles)
- Bank of America Corp. — banking (12.8 miles) — HQ
This 24‑unit, 2000‑vintage property benefits from strong neighborhood occupancy and an expanding household base, with above‑median incomes and elevated ownership costs reinforcing renter reliance on multifamily. According to CRE market data from WDSuite, the neighborhood ranks among the stronger performers in the Charlotte metro, with retail conveniences and proximity to major employers supporting retention. The vintage is newer than much of the surrounding stock, suggesting competitive positioning with optionality for targeted upgrades to enhance rents and reduce near‑term capex risk.
Forward‑looking demographics within a 3‑mile radius indicate continued population growth and a notable increase in household count alongside smaller household sizes, which typically supports leasing velocity and occupancy stability. Key watch‑items include limited park and cafe density versus urban cores and potential competition from ownership as incomes rise; active asset management and value‑add execution can mitigate these factors.
- High neighborhood occupancy and expanding renter pool support income stability
- Newer 2000 vintage versus local average offers competitive positioning with selective upgrade upside
- Proximity to major employers (retail HQ, energy, banking) underpins demand and retention
- Elevated ownership costs and above‑median incomes sustain rental demand and pricing power
- Risks: thinner park/cafe amenities and potential ownership competition as incomes rise