| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Best |
| Demographics | 79th | Best |
| Amenities | 29th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15669 Birkdale Commons Pkwy, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2006 |
| Units | 81 |
| Transaction Date | 2018-05-31 |
| Transaction Price | $14,375,000 |
| Buyer | The Glens, LLC |
| Seller | The Glens at Birkdale Commons, LLC & The |
15669 Birkdale Commons Pkwy Huntersville Multifamily Investment
Renter demand is supported by high household incomes and above-average neighborhood occupancy, according to WDSuite’s CRE market data. Expect steady leasing fundamentals in a suburban node with durable employment access.
Located in Huntersville within the Charlotte metro, the neighborhood scores an A and ranks 95 out of 709 neighborhoods, placing it in the top quartile among 709 metro neighborhoods. Suburban positioning offers daily conveniences, with grocery and pharmacy access tracking above national medians; broader amenity density is above the metro median but not urban-level.
Neighborhood occupancy is 96.2% (neighborhood metric, not the property), which is top quartile among 709 metro neighborhoods and above national norms, supporting income stability for multifamily investors. Median contract rents in the neighborhood sit in a higher national percentile while the rent-to-income ratio of 0.16 suggests manageable affordability pressure, a constructive setup for lease retention and disciplined rent growth.
Within a 3-mile radius, population and households have expanded over the past five years and are projected to continue growing, indicating a larger tenant base ahead. The renter-occupied share is roughly one-third locally, pointing to a meaningful pool of multifamily households without overreliance on renting—supportive of demand depth without excessive turnover risk.
Elevated home values relative to incomes signal a high-cost ownership market for many households, which tends to reinforce reliance on rental housing. For investors, this dynamic can bolster pricing power and leasing velocity, particularly for well-managed communities with competitive finishes and amenities.
Neighborhood safety indicators compare favorably in the Charlotte metro context and versus national benchmarks. The area’s overall crime rank sits in the stronger half of the metro, and violent offense rates are in a high national percentile, indicating comparatively safer conditions than many neighborhoods nationwide.
Property offense metrics also track strong in national percentiles, though recent year-over-year movement shows some variability. Investors should view safety as relatively competitive among Charlotte neighborhoods while monitoring short-term fluctuations at the neighborhood level rather than the property block.
The employment base mixes headquarters and major corporate campuses that support commuter convenience and multifamily renter demand. Nearby anchors include Lowe s, Duke Energy, Merck, Sysco, and Bank of America Corp.
- Lowe's — corporate offices (7.7 miles) — HQ
- Duke Energy — corporate offices (8.0 miles)
- Merck — corporate offices (10.1 miles)
- Sysco — corporate offices (13.7 miles)
- Bank of America Corp. — corporate offices (14.6 miles) — HQ
This 81-unit property built in 2006 sits in a suburban neighborhood with top-quartile metro standing and strong occupancy. Neighborhood occupancy of 96.2% (a neighborhood figure, not the property) and a lower rent-to-income ratio support tenant retention and income durability, while elevated home values sustain reliance on multifamily. According to CRE market data from WDSuite, the area’s rent and income benchmarks place it above national medians, reinforcing steady demand for quality units.
The 2006 vintage is modestly older than the neighborhood’s newer-average stock, creating potential value-add upside through targeted renovations and systems upgrades to stay competitive with post-2010 deliveries. Demographic trends within a 3-mile radius show population and household growth with rising incomes, pointing to a larger, higher-earning renter pool that can support occupancy stability and disciplined pricing.
- Top-quartile neighborhood standing and strong occupancy support income stability
- High household incomes and elevated ownership costs reinforce multifamily demand
- 2006 vintage offers renovation/value-add potential versus newer competitive set
- 3-mile growth in households and incomes expands the local renter base
- Risks: recent variability in property offense metrics and competition from newer supply