| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Best |
| Demographics | 78th | Best |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8010 Evanston View Rd, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2001 |
| Units | 24 |
| Transaction Date | 2005-01-31 |
| Transaction Price | $26,000,000 |
| Buyer | ALCOVE BIRKDALE XIV LLC |
| Seller | KINGS PARK LLC |
8010 Evanston View Rd Huntersville Multifamily Opportunity
Neighborhood-level occupancy is strong and renter demand is supported by a high-cost ownership market, according to WDSuite’s CRE market data. These dynamics point to durable leasing fundamentals for investors evaluating this Huntersville asset.
Huntersville’s Inner Suburb setting combines commuter access to Charlotte job nodes with a broad amenity mix. The neighborhood ranks in the top quartile among 709 metro neighborhoods, with restaurants, parks, groceries, cafes, and childcare density all placing in the top quartile nationally—useful for renter retention and day-to-day convenience.
At the neighborhood level (not the property), occupancy is elevated and above the metro median, with national performance also in the top quartile. A renter-occupied share around 63.7% indicates a deep tenant base for multifamily, supporting absorption and lease stability as units turn.
Within a 3-mile radius, population and household counts have grown, with households projected to expand further as average household size edges lower. This combination typically broadens the renter pool and supports occupancy stability. Rising household incomes in the area strengthen the ability to sustain market-rate rents while widening the qualified tenant base.
Ownership costs are elevated for the neighborhood in a national context, which tends to reinforce reliance on rental options and can support pricing power and retention for well-managed multifamily properties. Median contract rents at the neighborhood level sit below many high-cost metros on a rent-to-income basis, which can aid renewal rates and reduce turnover risk for operators.
The property’s 2001 vintage is slightly older than the neighborhood’s average construction year, suggesting potential value-add through targeted renovations and systems updates to remain competitive against newer stock while managing capital planning proactively.
Safety indicators are mixed but generally competitive versus national benchmarks. Overall crime levels trend close to the national midpoint, while violent-offense measures are comparatively favorable (roughly top quartile nationally). Property-offense indicators, however, track below the national median, and recent year-over-year swings show volatility. For investors, this suggests monitoring local trends and employing standard security and asset-management practices to support renter confidence.
Within the Charlotte-Concord-Gastonia metro (709 neighborhoods), the area performs above several peer locations on violent-offense measures, yet the variation in property-related activity underscores the importance of on-site controls, lighting, and coordination with local resources. Use neighborhood metrics as context, not as block-level predictions.
Proximity to regional employers supports workforce-driven renter demand and commute convenience, with nearby roles spanning home improvement retail, utilities, pharmaceuticals, food distribution, and banking headquarters.
- Lowe's — home improvement retail (6.7 miles) — HQ
- Duke Energy — utilities (8.6 miles)
- Merck — pharmaceuticals (10.4 miles)
- Sysco — food distribution (13.2 miles)
- Bank of America Corp. — banking (15.4 miles) — HQ
This 24-unit, 2001-vintage property benefits from strong neighborhood fundamentals: above-metro occupancy at the neighborhood level, a renter-heavy housing stock, and sustained amenity access that supports retention. Elevated ownership costs in the surrounding area tend to sustain multifamily demand, while a favorable rent-to-income profile at the neighborhood level helps underpin renewals. Based on CRE market data from WDSuite, these factors remain competitive in the Charlotte metro context.
Demographics aggregated within a 3-mile radius show recent growth in population and households, with projections pointing to further household expansion and smaller average household sizes—conditions that typically expand the renter pool. Given the property’s slightly older vintage relative to nearby stock, targeted renovations and common-area upgrades can position the asset competitively against newer deliveries while managing CapEx exposure.
- Neighborhood-level occupancy above the metro median supports leasing stability
- Renter-occupied concentration provides depth of tenant demand
- Elevated ownership costs reinforce reliance on multifamily housing
- 2001 vintage offers value-add potential via selective renovations
- Risk: property-crime volatility warrants ongoing asset-level security measures