| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14432 Tribute Place Dr, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2007 |
| Units | 42 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14432 Tribute Place Dr Huntersville 2007 Multifamily Investment
Neighborhood rental fundamentals point to occupancy stability and durable demand in this inner-suburban pocket of Huntersville, according to WDSuite’s CRE market data, with performance measured for the neighborhood rather than the specific property. The 2007 vintage and suburban location position the asset to compete on convenience and livability while maintaining pricing discipline through cycles.
Huntersville’s inner-suburban setting delivers daily-life convenience that supports renter retention. The neighborhood ranks 37 out of 709 Charlotte metro neighborhoods (A-rated), placing it in the top quartile locally for overall livability and investment appeal. Grocery access is strong (high relative density), childcare coverage is also robust, and pharmacies are readily available, while cafés and parks are less concentrated—an amenity mix that skews toward practical errands rather than leisure clustering.
From a housing performance standpoint, neighborhood occupancy has held in the high-90s in recent years, indicating limited frictional vacancy and steady leasing velocity. Median contract rents are elevated versus many suburban peers and have risen meaningfully over the last five years, reinforcing landlord pricing power but also requiring active lease management to sustain renewal rates.
Within a 3-mile radius, demographic trends point to a larger tenant base over time: population expanded over the past five years and households increased at a faster clip, with forecasts calling for further household growth. The average household size is edging lower, which typically creates incremental housing demand even when population growth moderates—supportive for occupancy stability and absorption of renovated units.
Ownership costs in the neighborhood sit above national norms, and home values rank in the upper national percentiles. That high-cost ownership market tends to reinforce reliance on multifamily housing in this area, while a measured rent-to-income profile suggests retention can be supported with disciplined renewal strategies. For tenure context, about 30% of housing units within the 3-mile radius are renter-occupied, indicating a meaningful, albeit not dominant, renter concentration consistent with higher-income suburban nodes.
Metro-comparable crime metrics for this specific neighborhood are not available in the current WDSuite dataset. Investors typically benchmark neighborhood safety by comparing ranks and percentiles against other Charlotte metro neighborhoods and national distributions when those figures are published. Given the lack of a current rank here, underwriting should rely on third-party diligence and trend comparisons at the submarket and city levels.
Proximity to diversified employers underpins weekday demand and commute convenience for renters, notably Merck, Lowe's, Sysco, Bank of America Corp., and Duke Energy. This concentration supports leasing durability and broad income profiles suited to suburban product.
- Merck — pharmaceuticals (7.8 miles)
- Lowe's — retail HQ/enterprise operations (9.3 miles) — HQ
- Sysco — foodservice distribution (12.2 miles)
- Bank of America Corp. — financial services (12.5 miles) — HQ
- Duke Energy — utilities (12.7 miles) — HQ
Constructed in 2007, this 42-unit asset is newer than much of the nearby housing stock, offering relative competitiveness against older suburban properties while still presenting potential modernization or light value-add opportunities as systems age. Neighborhood fundamentals are strong: occupancy has been in the high-90s and renter demand is supported by a growing household base within a 3-mile radius, high-income profiles, and an ownership market with elevated home values that sustains reliance on rental housing.
According to CRE market data from WDSuite, the neighborhood ranks in the top quartile among Charlotte metro peers for overall performance, with grocery, childcare, and pharmacy access that aligns with suburban family demand drivers. Rent levels are above many suburban benchmarks yet remain manageable relative to incomes locally, suggesting pricing power can be maintained with careful renewal strategy and unit positioning.
- Newer 2007 vintage versus local averages, competitive positioning with selective upgrade upside
- High neighborhood occupancy and expanding 3-mile household base support leasing stability
- Elevated ownership costs reinforce multifamily demand and tenant retention potential
- Diverse nearby employers underpin weekday demand and income stability
- Risks: amenity mix lacks park/café density; rent growth requires active renewal and affordability monitoring