| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14241 Tribute Place Dr, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2007 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14241 Tribute Place Dr, Huntersville NC — 2007 Multifamily Opportunity
Neighborhood occupancy remains elevated and renter demand is supported by strong local incomes, according to WDSuite’s CRE market data, suggesting stable operations for a 42-unit asset.
Huntersville’s inner-suburban setting scores competitively within the Charlotte metro, with this neighborhood ranked in the top quartile among 709 metro neighborhoods. Daily needs are well-covered by groceries and pharmacies (both strong versus national peers), while parks and cafes are limited—typical for auto-oriented suburbs—so investors should not underwrite premium walkability.
For rental fundamentals, neighborhood occupancy is high and has trended up in recent years, supporting expectations for steady lease-up and retention. Roughly half of housing units are renter-occupied, indicating a meaningful renter concentration that deepens the tenant base without overwhelming competition from transient supply. Median contract rents sit above many national peers and have grown over the last five years, reinforcing revenue potential while warranting attention to renewal strategies.
The property’s 2007 vintage is newer than the neighborhood’s average construction year (early 1990s), which can offer competitive positioning versus older stock; investors should still plan for mid-life system upgrades and selective renovations to sustain pricing power. Within a 3-mile radius, population and households have grown over the past five years and are forecast to continue expanding, pointing to a larger tenant base. Average household size is edging lower, which can support steady demand for multifamily units.
Home values in the area are elevated relative to national averages, which tends to keep reliance on rental housing steady and can support lease retention. Rent-to-income levels benchmark in a manageable range here, though proactive leasing and renewal management remains important to avoid affordability pressure as rents rise.
Comparable crime benchmarks for this neighborhood were not available in the current WDSuite dataset. Investors commonly evaluate safety by comparing neighborhood trends to metro and national peers; in the absence of ranked data, it can be useful to triangulate with occupancy stability, resident tenure patterns, and broader submarket performance when assessing operating risk.
Proximity to major employers supports renter demand and commute convenience, led by Merck, Lowe's, Duke Energy, Bank of America, and Sysco within a reasonable drive of the property.
- Merck — pharmaceuticals (7.7 miles)
- Lowe's — retail HQ & corporate (9.2 miles) — HQ
- Duke Energy — utilities offices (9.7 miles)
- Sysco — foodservice distribution (12.1 miles)
- Bank of America Corp. — financial services (12.6 miles) — HQ
This 42-unit, 2007-vintage asset in Huntersville benefits from top-quartile neighborhood positioning within the Charlotte metro, high occupancy at the neighborhood level, and proximity to a diversified employment base. Newer construction relative to nearby stock can support competitive leasing, while mid-life systems present an opportunity to target value through selective renovations and operational upgrades. Based on CRE market data from WDSuite, rents in the surrounding area have outperformed many national peers, aligning with strong household incomes and reinforcing revenue durability.
Within a 3-mile radius, recent and forecast growth in population and households points to an expanding renter pool. Elevated local home values and a substantial share of renter-occupied housing units underpin depth of demand, which can support occupancy stability and pricing power. Investors should balance this with prudent renewal strategies given rising rent levels and the auto-oriented amenity mix.
- Top-quartile neighborhood standing in the Charlotte metro supports long-term leasing stability.
- 2007 vintage offers competitive positioning versus older local stock with targeted value-add potential.
- Expanding 3-mile renter base and strong household incomes bolster demand and retention.
- Proximity to major employers (Lowe's, Bank of America, Duke Energy) supports workforce demand.
- Risks: auto-oriented amenities and ongoing rent growth require careful renewal and affordability management.