Duplex
For Sale
$699,900
1117 Tennyson Dr, Charlotte, NC 28208
The property contains 2,400 square feet and is located in Charlotte, North Carolina.
Property Size2,400 SF
Price / SF$291.63
Days on Market16
Property Features for 1117 Tennyson Dr
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Residential Income
Site & Location
Neighborhood
West Inner
Additional Details
Multifamily Units
2
Listing Agency:
Collective Realty LLC
Listed By:
Andrea Ochoa · License #300888
(704) 705-8008
Source:
Exprealty
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 3:21PM
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 Collective Realty LLC
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Investment Insights
Based on property information with market context.
This duplex property offers 2,400 square feet across its residential configuration. The address is 1117 Tennyson Dr in Charlotte, North Carolina.
Key Highlights
- 2,400‑square‑foot duplex at 1117 Tennyson Dr in Charlotte
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,534
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,680
$630.7K
Cap Rate 7%
$450,486
$450.5K
Cap Rate 9%
$350,378
$350.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$47.5K $19.80/SF
− Vacancy
−$2.5K −$1.03/SF
EGI
$45.0K $18.77/SF
− OpEx
−$13.5K −$5.63/SF
NOI
$31.5K $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%
$630,680
Cap Rate 7%
$450,486
Cap Rate 9%
$350,378
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,534 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$414.8K
$363.0K – $484.0K
NOI $29,039 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$799.2K
$699.3K – $932.4K
NOI $55,944 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
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Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The property contains 2,400 square feet and is located in Charlotte, North Carolina.
Where is this duplex located?
The property is located at 1117 Tennyson Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,400‑square‑foot duplex at 1117 Tennyson Dr in Charlotte
