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    2530 E 7Th St Charlotte, NC 28204

    View on Map
    Sponsored
    For Sale
    $750,000

    MULTI_FAMILY - Charlotte, NC

    Lot size:
    0.18 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 12 at 10:06 pm

    Property Features for 2530 E 7Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Laundry Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    127-131-20
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Pets allowed
    Yes
    Fireplace
    1
    Appliances
    Dishwasher, Electric Range, Microwave, Refrigerator with Ice Maker, Washer/Dryer
    Lot size
    0.18 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1951
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Wood
    Building materials
    Brick Full

    We can help!

    Listing Contact
    John Bolos
    John Bolos

    Keller Williams Realty a dba of WinWin Charlotte Partners, LLC (704) 602-0400

    Listing agent John Bolos (704) 777-8090

    Listing date Mar 12, 2026

    MLS# 4356306 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

    Overview

    Classic Duplex in Historic Elizabeth

    Located in the heart of Charlotte's historic Elizabeth neighborhood, this classic brick duplex offers an opportunity for both homeowners and investors in one of the city's most desirable areas. With its timeless brick exterior, charming front porch, and mature surroundings, the property blends historic character with the convenience of in town living. Each side of the duplex features a similar layout with comfortable living spaces, hardwood flooring, and abundant natural light throughout. The living rooms offer a warm and inviting atmosphere with classic architectural touches, while the adjoining dining areas and kitchens provide functional layouts suited for everyday living. Spacious bedrooms and thoughtful floor plans make each unit feel comfortable and private. One of the units is currently tenant occupied, providing immediate rental income, while the second unit is vacant and ready for a new tenant or owner occupant. This setup offers flexibility for investors seeking a turnkey rental property or buyers interested in living in one unit while generating income from the other. Outside, the property includes driveway parking and a manageable yard space, all set within a walkable neighborhood. Elizabeth is known for its tree-lined streets, historic charm, and close proximity to Uptown Charlotte. Residents enjoy easy access to local restaurants, coffee shops, parks, and nearby hospitals, as well as quick connectivity to Plaza Midwood, NoDa, and the rest of Charlotte's vibrant urban core. The property is situated on a 0.18-acre lot.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.811475
    Latitude
    35.206495

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    FAQs

    What type of property is this?
    Duplex - Charming Charlotte duplex: income potential in a desirable location.
    Where is this duplex located?
    The property is located at 2530 E 7Th St Charlotte, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime location in Charlotte's historic Elizabeth neighborhood, offering walkability to Uptown, restaurants, shops, and hospitals.; - Duplex property provides immediate rental income from one tenant-occupied unit.; - Classic brick exterior, charming front porch, and mature surroundings.
    (704) 777-8090
    Request Owner's contact information
    2530 E 7Th St Charlotte, NC 28204
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    Charlotte, NC 28204
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    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
    2530 E 7Th St Charlotte, NC 28204
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    We can help!
    Listing Contact
    John Bolos
    John Bolos
    Real Estate License ID: 273349
    (704) 777-8090 (980) 748-1946 (704) 887-4903
    Learn more
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