New Construction Duplex in
339 & 343 Gray Drive, Charlotte, NC 28213
MULTI_FAMILY - Charlotte, NC
Property size:
4,010 SFLot size:
0.18 AcresPrice / SF:
$198/SF- Added:
- Feb 14, 2026
- Days on Market:
- 98
- Last Refresh:
- May 23 at 1:06 am
Property Features for 339 & 343 Gray Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bathroom 6, Laundry Room, Bathroom 1, Bedroom 1, Bathroom 2
- Parking features
- Garage, Garage - Attached
- Patio and Porch features
- Porch
- Pets allowed
- Yes
- Interior features
- Attic Stairs Pulldown, Kitchen Island, Open Floorplan, Walk-In Closet(s)
- Fencing
- Fenced
- Appliances
- Dishwasher, Disposal, Electric Oven, Electric Range, Microwave
- Standard status
- Active
- APN
- 04908216
- Size
- 4,010 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- L2 M73-382
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Vinyl
- Roof type
- Shingle
Listing agent Samuel Nueman License #250986 (704) 747-2289
Listing office Nueman Real Estate Inc 1916 Prima Cornice Ct, Charlotte, NC (704) 747-2289
Listing date Feb 14, 2026
MLS# 4345812
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.
HighLights
- New construction portfolio: Two side‑by‑side units totaling 4,010 sq ft, offering a rare investment opportunity.
- Each unit features 3 bedrooms and 3 full bathrooms, totaling 6 beds and 6 baths across both properties.
- Gourmet kitchens with massive quartz islands, custom shaker cabinetry, and premium stainless steel appliances in both units.
- Fully fenced‑in backyards provide immediate privacy and security for each unit.
- Located on a private dead‑end street, 0.3 miles from Toby Creek Greenway and minutes from the LYNX Light Rail, with no HOA.
- Includes a 2‑10 Home Warranty for added peace of mind.
Overview
This new construction duplex portfolio, located at 339 and 343 Gray Drive in Charlotte, offers an opportunity to own two units totaling 4,010 square feet. Each side features a three-level layout with three bedrooms and three full bathrooms, providing a total of six bedrooms and six bathrooms. The kitchens are equipped with a quartz island, custom shaker cabinetry, and stainless steel appliances. LVP flooring and oversized windows are present throughout both units. Each unit includes a fenced backyard. The property features the H2Home NFPA 13D Pump & Tank System. Situated on a private dead-end street with no HOA, the property is located 0.3 miles from the Toby Creek Greenway and minutes from the LYNX Light Rail. A 2-10 Home Warranty is included. The lot size is 0.183 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$585.4K
NOI $52,689 @ 9.00% cap · cautious / downside scenario
Moderate
$752.7K
NOI $52,689 @ 7.00% cap · market / base-case scenario
Aggressive
$1.05M
NOI $52,689 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.4k | $19.80 |
| − Vacancy | −$4.1k | −$1.03 |
| EGI | $75.3k | $18.77 |
| − OpEx | −$22.6k | −$5.63 |
| NOI | $52.7k | $13.14 |
4,010 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$752.7K
$658.6K – $878.2K
NOI $52,689 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$693.1K
$606.5K – $808.7K
NOI $48,520 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,474 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.7631736
- Latitude
- 35.2761233
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - New construction duplex with modern amenities and convenient location.
Where is this duplex located?
The property is located at 339 & 343 Gray Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $794,900.
What are key features of this property?
This property features: New construction portfolio: Two side‑by‑side units totaling 4,010 sq ft, offering a rare investment opportunity.; Each unit features 3 bedrooms and 3 full bathrooms, totaling 6 beds and 6 baths across both properties.; Gourmet kitchens with massive quartz islands, custom shaker cabinetry, and premium stainless steel appliances in both units.
