| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14236 Boren St, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2007 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14236 Boren St Huntersville Multifamily Opportunity
Neighborhood occupancy is strong and renter demand is supported by higher household incomes, according to WDSuite’s CRE market data; note that occupancy figures reflect the surrounding neighborhood, not this property.
Huntersville’s inner-suburban setting combines steady renter demand with family-oriented amenities. The neighborhood holds an A rating and ranks 37 out of 709 within the Charlotte-Concord-Gastonia metro, making it competitive among Charlotte-Concord-Gastonia neighborhoods. Strong grocery and pharmacy access (ranks 43 and 80 out of 709, respectively) support daily convenience, while a limited concentration of cafes and parks suggests residents rely more on nearby retail corridors than on walk-to conveniences.
Neighborhood occupancy sits in the top quartile nationally (86th percentile), a constructive signal for lease stability at the area level. Median contract rents are above national norms (82nd percentile), while the rent-to-income ratio trends near the middle of U.S. neighborhoods, which can moderate affordability pressure and support retention. Elevated home values relative to national averages reinforce renter reliance on multifamily housing, helping sustain demand and pricing power when managed thoughtfully.
The property was built in 2007, newer than the neighborhood’s average vintage (1991). That relative youth can be a competitive advantage versus older stock, though investors should still plan for system updates and selective modernization to keep pace with current renter expectations.
Renter-occupied housing represents a meaningful share of the neighborhood’s units (46.3%), indicating depth in the tenant base for multifamily. Within a 3-mile radius, population and household counts have grown over the past five years and are projected to continue expanding, enlarging the renter pool and supporting occupancy stability. Based on CRE market data from WDSuite, neighborhood demographics benchmark in the upper tiers nationally (78th percentile), reinforcing forward leasing visibility.
Comparable neighborhood-level safety metrics are not available in WDSuite for this location. Investors should review multiple sources—including municipal reporting and insurer/lender assessments—to evaluate trend direction relative to the broader Charlotte-Concord-Gastonia metro, and incorporate property-level management practices into underwriting.
A diversified base of nearby corporate offices and headquarters supports commuter demand and can aid leasing durability for workforce-oriented housing.
- Merck — corporate offices (7.7 miles)
- Lowe's — corporate offices (9.3 miles) — HQ
- Sysco — corporate offices (12.1 miles)
- Bank of America Corp. — corporate offices (12.5 miles) — HQ
- Duke Energy — corporate offices (12.7 miles) — HQ
This 70-unit asset provides exposure to a high-performing inner suburb where neighborhood occupancy is in the top quartile nationally and above the metro median, according to WDSuite’s commercial real estate analysis. Elevated home values in the area help sustain reliance on rentals, while a mid-range rent-to-income ratio supports retention and lease management flexibility.
Built in 2007, the property’s vintage is newer than the neighborhood average, offering competitive positioning versus older stock. Within a 3-mile radius, expanding population and households point to a larger tenant base over time, and proximity to multiple corporate employers supports everyday leasing and renewal prospects. Key underwriting considerations include selective upgrades to keep finishes current and the neighborhood’s limited walkable cafe/park amenities, which may shape renter expectations.
- Neighborhood occupancy in top quartile nationally and above metro median
- Elevated home values reinforce reliance on multifamily, supporting pricing power
- 2007 vintage offers competitive edge vs. older stock with targeted modernization potential
- Expanding 3-mile population and strong employer access bolster tenant demand
- Risk: limited walkable cafe/park amenities and the need to manage affordability to sustain retention