| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Best |
| Demographics | 78th | Best |
| Amenities | 54th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 14235 Boren St, Huntersville, NC, 28078, US |
| Region / Metro | Huntersville |
| Year of Construction | 2007 |
| Units | 70 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
14235 Boren St, Huntersville Multifamily Opportunity
Neighborhood multifamily occupancy is strong and has trended upward in recent years, supporting stable cash flow potential according to WDSuite s CRE market data. With rents positioned above national norms and steady demand drivers, investors can underwrite with an emphasis on retention and measured pricing power at the neighborhood level.
Huntersville s inner-suburban setting combines daily convenience with established residential stability. Grocery access and childcare density rank competitively for the metro, while parks and cafes are less concentrated nearby a mix that supports family-oriented renter demand and day-to-day livability without relying on destination retail. The neighborhood s overall rating sits in the top tier locally, indicating solid fundamentals relative to the Charlotte-Concord-Gastonia, NC-SC metro (37th of 709 neighborhoods).
At the neighborhood level, multifamily occupancy is above the metro median and in the top quartile nationally, signaling durable lease-up and renewal potential for comparable assets. Rents benchmark above national norms over the past five years, yet the rent-to-income profile suggests manageable affordability pressures for many area households a constructive backdrop for lease management and retention. Median home values trend higher than the national average, which typically sustains renter reliance on multifamily housing rather than encouraging rapid move-outs to ownership.
Within a 3-mile radius, population and household counts have grown and are projected to continue rising, indicating a larger tenant base over the next five years. The area skews toward working-age cohorts, and household incomes have moved higher, which supports demand for professionally managed rentals and helps stabilize occupancy and collections. About three in ten housing units within this radius are renter-occupied, providing a meaningful but not saturated renter concentration for multifamily absorption.
The property s 2007 vintage is newer than the neighborhood s average construction year (1991), offering competitive positioning against older stock. Investors should still plan for selective modernization and systems updates as the asset seasons, but its relative age supports leasing competitiveness and reduces near-term capital intensity versus 1980s-and-prior comparables.
Neighborhood-level crime statistics were not available in the data provided. Investors typically benchmark safety by comparing recent trends to metro and national baselines and by reviewing local law enforcement or third-party reports for current readings. A prudent approach is to pair on-the-ground diligence with regional comparisons to understand how conditions may influence leasing, retention, and operating protocols.
Proximity to regional employers supports commuter convenience and broadens the renter base, with access to pharmaceuticals, home improvement corporate, utilities, foodservice distribution, and banking offices that can help underpin leasing stability at workforce and professional income levels.
- Merck pharmaceuticals (7.7 miles)
- Lowe s home improvement corporate (9.3 miles) HQ
- Duke Energy electric utility (9.7 miles)
- Sysco foodservice distribution (12.2 miles)
- Bank of America Corp. banking (12.5 miles) HQ
14235 Boren St is a 70-unit, 2007-vintage asset positioned in an inner-suburban neighborhood where occupancy is competitively high and renter demand is reinforced by strong household incomes and elevated ownership costs nearby. Compared with older submarket stock, the vintage provides a leasing edge today, while selective updates can capture incremental rent and retention without the full capital load of a heavy value-add. According to CRE market data from WDSuite, the neighborhood s occupancy stands above the metro median and ranks well nationally, aligning with underwriting that prioritizes stable renewals over outsized lease-up assumptions.
Within a 3-mile radius, population and households have expanded and are projected to grow further, indicating continued renter pool expansion that supports occupancy stability. Amenities skew toward daily needs (grocery, childcare), appealing to longer-tenured renters, while limited parks and cafes imply lifestyle convenience rather than destination draw a neutral factor for most workforce and professional households. Home values above national norms and rents that remain manageable versus incomes suggest a balanced setup for pricing discipline and lease management.
- Occupancy competitive locally and top quartile nationally at the neighborhood level, favoring renewal-driven cash flow stability.
- 2007 vintage offers a positioning edge versus older stock, with targeted modernization for additional yield.
- 3-mile radius shows population and household growth, expanding the tenant base and supporting steady absorption.
- Daily-need amenities (grocery, childcare) support retention; elevated ownership costs reinforce multifamily demand.
- Risks: limited nearby parks/cafes may reduce lifestyle appeal; moderate renter concentration suggests focus on renewal management and unit finishes to sustain pricing.