| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 61st | Good |
| Demographics | 25th | Poor |
| Amenities | 15th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4404 Highway 74 E, Wingate, NC, 28174, US |
| Region / Metro | Wingate |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4404 Highway 74 E Wingate Multifamily Investment Opportunity
Neighborhood apartment occupancy has held above the metro median and renter-occupied housing sits near one‑third of units, supporting a steady tenant base, according to WDSuite’s CRE market data. Elevated ownership costs relative to incomes in the area point to sustained rental reliance rather than quick moves to buy.
Positioned along the US‑74 corridor in suburban Wingate, the property benefits from commute connectivity to the Charlotte metro while serving demand for practical rental housing. Neighborhood amenities are limited (amenities score sits well below national medians), so residents typically rely on nearby corridors for daily needs; grocery access scores closer to the national midpoint than other categories, per commercial real estate analysis from WDSuite.
At the neighborhood level, occupancy is above the metro median (rank 291 of 709 neighborhoods), indicating comparatively stable leasing and fewer prolonged vacancies than many Charlotte‑area peers. Renter concentration is 34.8% of housing units, which is owner‑leaning but still provides depth for a 24‑unit asset without relying on highly transient demand.
Within a 3‑mile radius, recent years show population and household contraction, yet WDSuite data indicate a forward rebound with projected population and household growth over the next five years. This points to a larger tenant base over time, while rising incomes in the same radius support rent collections and potential rent steps where product quality and management justify it.
Home values in the neighborhood sit around the national midpoint, but the value‑to‑income ratio ranks in the top quartile nationally. For investors, that high‑cost ownership context tends to sustain rental demand and can aid lease retention, particularly for renovated units that out-compete older stock.
Safety indicators for the neighborhood trend below national medians, with crime in the lower national percentiles. Compared with other Charlotte‑area neighborhoods (709 total), the neighborhood’s crime rank places it below the metro average for safety. Investors should underwrite conservative security measures and asset management practices, and monitor the recent uptick in both property and violent offenses reported in WDSuite’s datasets.
The leasing base can draw from a broad Charlotte employment core, with proximity to corporate headquarters and major offices that support commuting renters and retention. Notable nearby employers include Sonic Automotive, Nucor, Bank of America, Duke Energy, and Cisco.
- Sonic Automotive — automotive retail HQ (24.3 miles) — HQ
- Nucor — steel HQ (25.5 miles) — HQ
- Airgas — industrial gases (28.3 miles)
- Bank of America Corp. — banking HQ (28.4 miles) — HQ
- Duke Energy — utilities HQ (28.5 miles) — HQ
- Cisco Systems — technology offices (28.5 miles)
Built in 1986, the asset offers classic‑to‑midlife vintage positioning where targeted renovations can drive rent premiums and reduce capex uncertainty through focused systems updates. Neighborhood occupancy trends sit above the metro median, and the owner‑leaning tenure mix provides a stable pool of renters without saturating supply. Within a 3‑mile radius, WDSuite data point to rising incomes and projected growth in population and households, supporting long‑run demand and collections for well‑managed units.
According to CRE market data from WDSuite, ownership costs relative to incomes rank high versus national norms, which typically reinforces rental reliance and helps pricing power for upgraded product. Investors should account for the suburban amenity profile and safety readings that trail national medians by maintaining competitive finishes, thoughtful security, and disciplined lease management.
- 1986 vintage with clear value‑add and systems‑upgrade paths
- Neighborhood occupancy above metro median supports leasing stability
- 3‑mile projections show renter pool expansion and rising incomes
- High ownership costs vs. income bolster rental demand and retention
- Risks: below‑median safety and thinner amenity base require active management