New-Construction
For Sale
$625,000
1-Lot 1 Latta Ave, Charlotte, NC 28214
Two attached residences provide an owner-occupant the option to rent the adjoining home.
Property Size2,543 SF
Price / SF$245.77
Days on Market8
Property Features for 1-Lot 1 Latta Ave
General Information
Standard status
Active
Size
2,543 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
CEDAR REALTY LLC
(704) 453-2650
Listed By:
Brandon Chase · License #249103
(704) 305-4178
Source:
Exprealty
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 13 at 2:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CEDAR REALTY LLC
Investment Insights
Based on property information with market context.
This duplex is being built with two side-by-side residences totaling 2,543 square feet. Each home has three bedrooms and 2.5 bathrooms, with an open main-level living area and kitchen equipped with stainless steel appliances. New-construction finishes are planned throughout, and a one-year craftsmanship warranty is included.
The property is in Charlotte, with access to I-485, Uptown, and Charlotte Douglas Airport. Completion is estimated for October 2026. The two-home configuration allows an owner to occupy one residence and rent the other.
The property is in Charlotte, with access to I-485, Uptown, and Charlotte Douglas Airport. Completion is estimated for October 2026. The two-home configuration allows an owner to occupy one residence and rent the other.
Key Highlights
- Two residences in one duplex building
- Each home has 3 bedrooms and 2.5 baths
- 2,543 total square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,413
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,260
$668.3K
Cap Rate 7%
$477,329
$477.3K
Cap Rate 9%
$371,256
$371.3K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$50.4K $19.80/SF
− Vacancy
−$2.6K −$1.03/SF
EGI
$47.7K $18.77/SF
− OpEx
−$14.3K −$5.63/SF
NOI
$33.4K $13.14/SF
Area
Charlotte, NC
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,260
Cap Rate 7%
$477,329
Cap Rate 9%
$371,256
Alternative Uses
Best Use
Multifamily LT 5
$477.3K
$417.7K – $556.9K
NOI $33,413 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$439.6K
$384.6K – $512.8K
NOI $30,770 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,278 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
Business Placement
Demographics for 28214, NC
42,925
Population
15,896
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
90%
High-School Grad
33.9 sq mi
ZIP Area
1,266
Density / Sq Mi
$83,618
Median Household Income
$43,104
Median Earnings
$1,570
Median Rent
$258,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences provide an owner-occupant the option to rent the adjoining home.
Where is this duplex located?
The property is located at 1-Lot 1 Latta Ave Charlotte, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences in one duplex building; Each home has 3 bedrooms and 2.5 baths; 2,543 total square feet
