| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13410 Merry Chase Ln, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2000 |
| Units | 28 |
| Transaction Date | 2003-08-20 |
| Transaction Price | $25,100,000 |
| Buyer | WMCI CHARLOTTE I LLC |
| Seller | ROSEDALE COMMONS LLC |
13410 Merry Chase Ln Huntersville Multifamily 97%+ Neighborhood Occupancy
High neighborhood occupancy and solid household incomes suggest stable leasing fundamentals for this inner-suburban asset, according to WDSuite s CRE market data. Newer 2000 vintage relative to nearby stock supports competitive positioning while allowing for targeted modernization.
Huntersville s inner-suburban location offers everyday convenience that supports renter retention. Grocery access is a relative strength (ranked 43rd among 709 Charlotte metro neighborhoods; top decile locally), with pharmacies and childcare density also competitive versus peers. By contrast, neighborhood cafe and park density are limited, so lifestyle conveniences skew toward essentials rather than leisure destinations.
Operationally, the neighborhood s occupancy is strong at 97.5% (top-quartile nationally by percentile), indicating durable demand and lower downtime risk relative to many U.S. submarkets based on CRE market data from WDSuite. Renter-occupied housing accounts for roughly the mid-40% share at the neighborhood level, pointing to a meaningful tenant base that can support multifamily absorption while still competing with ownership options.
Within a 3-mile radius, population and household counts have expanded in recent years, and WDSuite s forecast points to further household growth through 2028. A growing household base typically supports a larger tenant pool, helping sustain occupancy and mitigate leasing volatility. Median incomes in the 3-mile area are high for the region, and the neighborhood s rent-to-income ratio sits near 0.17, which can aid lease retention and payment performance management.
Home values in the neighborhood are elevated for the metro, reinforcing renter reliance on multifamily housing and supporting pricing power where product is well-maintained. The property s 2000 construction is newer than the neighborhood average year (1991), suggesting relative competitiveness versus older stock; investors should still underwrite routine system updates and selective interior refreshes to meet current renter expectations.
Neighborhood-level crime statistics are not available in this data release for Huntersville. Investors should benchmark on-the-ground observations and third-party datasets against comparable Charlotte suburban neighborhoods to assess relative safety and trend direction, and incorporate any findings into risk-adjusted underwriting and insurance assumptions.
Proximity to established corporate employers supports a broad commuter tenant base and can help stabilize leasing through business cycles. Nearby anchors include Merck, Lowe s, Duke Energy offices, Sysco, and Bank of America.
- Merck pharmaceutical operations (7.8 miles)
- Lowe s home improvement retail HQ (8.9 miles) HQ
- Duke Energy utilities offices (9.8 miles)
- Sysco foodservice distribution (12.0 miles)
- Bank of America Corp. financial services (12.8 miles) HQ
13410 Merry Chase Ln offers investors exposure to a high-occupancy inner-suburban submarket of the Charlotte metro with essential retail proximity and a sizable renter base. The neighborhood ranks 37th of 709 metro neighborhoods with an A rating, and occupancy sits in the top national quartile, underscoring demand resilience. The 2000 vintage positions the asset as relatively newer than nearby stock, with scope for targeted value-add through system updates and interior finishes. According to CRE market data from WDSuite, elevated home values and strong local incomes support rental demand and lease stability.
Within a 3-mile radius, recent and forecast household growth signals ongoing renter pool expansion, which can support occupancy stability and measured rent growth. Investors should also weigh trade-offs: amenities skew toward groceries, pharmacies, and childcare rather than parks and cafes, and the area s homeownership appeal means multifamily competes with ownership alternatives. Balanced execution can leverage strong fundamentals while managing these factors.
- High neighborhood occupancy with A-rated standing among 709 metro neighborhoods supports stable operations
- 2000 vintage offers competitive positioning with potential value-add via targeted modernization
- Household and income growth within 3 miles expands the tenant base and supports retention
- Essential retail access (groceries, pharmacies, childcare) underpins everyday convenience for residents
- Risks: limited park/cafe density and competition from ownership options require disciplined leasing and amenity strategy