| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 59th | Good |
| Demographics | 52nd | Good |
| Amenities | 48th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 321 Crown Point Dr, Salisbury, NC, 28146, US |
| Region / Metro | Salisbury |
| Year of Construction | 1995 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
321 Crown Point Dr Salisbury Multifamily Investment
Inner-suburb location with steady renter demand and school quality supports leasing durability, according to WDSuite’s CRE market data. Neighborhood occupancy and renter concentration are measured at the neighborhood level, not the property.
Located in Salisbury’s inner suburbs of the Charlotte-Concord-Gastonia metro, the neighborhood carries a B+ rating and ranks 204 out of 709 metro neighborhoods — competitive among Charlotte-Concord-Gastonia neighborhoods for investors screening submarket alternatives. Grocery and dining access are solid relative to the metro and national landscape, with restaurants and groceries scoring in the low-70s national percentiles, while parks also track in the upper-60s percentile range.
Average school ratings are strong at 4.0 out of 5 (84th percentile nationally), which can aid family retention and reduce turnover risk. Cafes score in the upper-70s national percentile, but childcare and pharmacies are limited locally, indicating some amenity gaps to consider in positioning.
Neighborhood housing dynamics suggest a meaningful tenant base: renter-occupied share is 48.4% (ranked 121 out of 709), indicating depth for multifamily demand. Reported neighborhood occupancy is 86.5% (ranked 584 out of 709), which is below the metro median — reinforcing the importance of asset quality, management, and pricing discipline to sustain occupancy at the property level.
The property’s 1995 vintage is newer than the neighborhood’s average construction year of 1986, supporting competitive positioning versus older stock. Investors should still plan for targeted modernization and systems updates common to mid-1990s assets to protect rentability and control near-term capital expenditure.
Safety indicators are mixed in comparative terms. At the metro level, the neighborhood’s crime rank is 280 out of 709, roughly mid-pack locally. Nationally, overall crime sits near the middle of the distribution (47th percentile), with violent offense levels also near mid-range (45th percentile) and property offenses modestly better than average (56th percentile).
Recent trends are nuanced: estimated violent offense rates improved year over year (ranked in the 59th percentile for improvement nationally), while estimated property offense rates rose over the last year. Investors should underwrite security measures and lighting/common-area upkeep as standard practice, while recognizing that the area compares close to national medians and varies by block and property management quality.
Proximity to distribution, home improvement, pharmaceuticals, and large financial and consumer companies supports a broad workforce renter base and practical commute times for tenants. Key nearby employers include Sysco, Lowe’s, Merck, BB&T, and Reynolds American.
- Sysco — foodservice distribution (18.7 miles)
- Lowe's — home improvement retail (23.0 miles) — HQ
- Merck — pharmaceuticals (27.5 miles)
- BB&T Corp. — banking (33.3 miles) — HQ
- Reynolds American — consumer products (33.5 miles) — HQ
321 Crown Point Dr offers a 32-unit, mid-1990s multifamily footprint in an inner-suburban location where the neighborhood ranks 204 of 709 in the Charlotte-Concord-Gastonia metro — competitive among peer neighborhoods. Within a 3-mile radius, population and household counts have grown over the past five years, expanding the tenant base and supporting occupancy stability. Neighborhood renter-occupied share near half of units further underpins demand depth, while a rent-to-income profile around 0.19 suggests manageable affordability and potential room for operational rent growth with careful lease management, based on CRE market data from WDSuite.
The 1995 vintage is newer than the neighborhood average (1986), offering a relative edge versus older stock; modest interior and systems upgrades can enhance positioning for retention and renewal spreads. Home values and value-to-income metrics point to a high-cost ownership context relative to local incomes, which helps sustain reliance on rentals and supports pricing power over time. Investors should still account for below-metro-median neighborhood occupancy, uneven amenity depth (notably childcare and pharmacies), and standard capital planning for a mid-1990s asset.
- Inner-suburban location with competitive neighborhood rank (204 of 709) in the Charlotte-Concord-Gastonia metro
- 3-mile radius shows population and household growth, expanding the renter pool and supporting occupancy stability
- Renter-occupied share near half of neighborhood units indicates depth of multifamily demand
- 1995 vintage offers competitive positioning vs. older stock with value-add potential through targeted modernization
- Risks: neighborhood occupancy below metro median and amenity gaps (childcare, pharmacy) warrant conservative underwriting