1028 Karendale Avenue, Charlotte, NC 28208
Residential Multi Family, Other - Charlotte, NC
- Added:
- Jun 26, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 1 at 3:06 am
Property Features for 1028 Karendale Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Standard status
- Active
- Size
- 2,592 SF
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1938
- Architectural style
- Other
Listing agent Ronda Carson License #BK - 229808,PersonLicenseNumber (704) 458-0314
Listing office NextHome Authority 10130 Perimeter Pkwy., Ste. 200, NC 7044580314,7046228039
Listing date Jun 26, 2026
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 1938 in West Charlotte
- One unit is tenant‑occupied for immediate rental income, and the second unit is vacant
- 5 bedrooms total across the property and 3 bathrooms
Overview
Located at 1028 Karendale Avenue in Charlotte, the home is described in the listing as being in West Charlotte, with convenient access to Uptown Charlotte, major highways, and area shopping and dining. The seller also notes ongoing redevelopment in the surrounding area.
For investors, the immediate tenant occupancy supports continued rental continuity from day one. For owner-occupants, the vacant unit provides an option to move in while maintaining rental income potential from the occupied unit. This setup can also appeal to buyers who want a simple duplex structure and the ability to manage occupancy based on their plans.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $19.80 |
| − Vacancy | −$2.7k | −$1.03 |
| EGI | $48.7k | $18.77 |
| − OpEx | −$14.6k | −$5.63 |
| NOI | $34.1k | $13.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8827589
- Latitude
- 35.2459347
