Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14727 Choate Cir Charlotte, NC 28273

    Sponsored
    For Sale
    $775,000

    MULTI_FAMILY - Charlotte, NC

    Lot size:
    0.60 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 26 at 10:06 am

    Property Features for 14727 Choate Cir

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 4, Laundry Room, Bedroom 5, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 6
    Bedrooms
    8
    APN
    219-021-03
    Parking features
    Driveway, Garage - Attached
    Patio and Porch features
    Porch, Patio
    Pets allowed
    Yes
    Interior features
    Open Floorplan, Walk-In Closet(s)
    Appliances
    Dishwasher, Electric Range, Exhaust Hood, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven
    Lot size
    0.60 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Laminate
    Building materials
    Aluminum, Vinyl
    Roof type
    Fiberglass

    We can help!

    Listing Contact
    Esther Carrasco
    Esther Carrasco

    Southern Homes of the Carolina's (704) 896-2000

    Listing agent Esther Carrasco (704) 907-8940

    Listing date Jan 19, 2026

    MLS# 4287456 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Duplex on Large Lot

    This 2023 duplex in Charlotte, North Carolina, presents an opportunity for multigenerational living, savvy investors, or house hackers. Each side of the duplex features an almost identical floor plan with 4 bedrooms, 2 full baths, and 1 half bath. Each unit also includes a large 2-car garage and driveway. Situated on a level corner lot of 0.60 acres, the property offers ample outdoor space. There are no HOA fees or rental restrictions, providing flexibility for long-term or short-term rentals. One unit has been continuously rented since September 2023 on a month-to-month basis, while the other unit has been recently painted. The property is conveniently located near I-77 and I-485, with easy access to shopping and restaurants in Steele Creek, McDowell Nature Preserve, and Lake Wylie. The location is approximately 20 minutes from CLT Douglas Airport and close to Carowinds, making it suitable for short-term rentals. Additional features include an activated invisible fence and a CPI security system.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Clothing Store Building Supply Auto Repair Shop Pharmacy Wholesale Shop Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.971645
    Latitude
    35.119521

    Nearby Similar for Sale

    • $1,750,000
      0.60 Acres

      Versatile Commercial Office in Oakhurst

      Multi-use commercial office space in a prime Charlotte location.
      5101 Monroe Rd, Charlotte, NC 28205
      View Details
    • $1,479,800
      0.20 Acres

      Versatile Duplex Near Camp North End

      Configurable duplex with rental potential near urban amenities.
      209 Keswick Ave, Charlotte, NC 28206
      View Details
    • $1,324,500
      0.19 Acres

      Modern Duplex in Historic Charlotte

      New construction duplex with modern finishes, ideal for investment.
      2001-1121 Renner St, Charlotte, NC 28216
      View Details
    • $1,324,500
      5,015 SF

      Modern Townhome Duet, No HOA

      New construction townhome duet in historic West Charlotte.
      2001-1121 Renner St, Charlotte, NC 28216
      View Details
    • $435,000
      0.22 Acres

      Charlotte Duplex: Turn-Key Investment

      Duplex in prime location, move-in ready, great investment opportunity.
      1424 Wembley Dr, Charlotte, NC 28205
      View Details
    • New
      $625,000
      0.12 Acres

      New Duplex Near Uptown Charlotte

      New two-story duplex perfect for investors near Uptown Charlotte.
      4500/4502 W Tyvola Rd, Charlotte, NC 28208
      View Details
    • New
      $1,599,000
      0.20 Acres

      New Townhome Portfolio in Charlotte

      Four new townhomes in South Charlotte near Blue Line Light Rail.
      8927 Sharonbrook Dr, Charlotte, NC 28210
      View Details
    • $649,800
      0.24 Acres

      New Construction Townhome Near Uptown

      New construction townhome near White Water Center and Uptown.
      3222 Sam Wilson Rd, Charlotte, NC 28214
      View Details
    • $549,000
      Pending

      Remodeled Duplex in South Charlotte

      Income-producing duplex with updated interiors in a prime Charlotte location.
      8635 Crows Nest Ln, Charlotte, NC 28226
      View Details
    • $619,900
      0.14 Acres

      New Construction Duplex in Charlotte

      New construction duplex with strong income potential in Charlotte, NC.
      2909 New Pineola Rd, Charlotte, NC 28208
      View Details
    • $625,000
      0.20 Acres

      New Duplex Near Uptown Charlotte

      Move-in ready duplex perfect for investment or owner-occupancy.
      521/525 N Linwood Ave, Charlotte, NC 28216
      View Details

    FAQs

    What type of property is this?
    Duplex - 2023 duplex on 0.60 acres, ideal for investors or homeowners.
    Where is this duplex located?
    The property is located at 14727 Choate Cir Charlotte, NC.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: - 2023 Duplex: Ideal for multigenerational living, savvy investors, or house hacking with potential for rental income.; - Each Unit: Features 4 bedrooms, 2 full baths, 1 half bath, and a large 2-car garage.; - Large Lot: Sits on a level 0.60-acre corner lot with no HOA or rental restrictions.
    (704) 907-8940
    Request Owner's contact information
    14727 Choate Cir Charlotte, NC 28273
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14727 Choate Cir
    Charlotte, NC 28273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    14727 Choate Cir Charlotte, NC 28273
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Esther Carrasco
    Esther Carrasco
    (704) 907-8940
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.