Updated Multifamily
1300 Reece Road Charlotte, NC 28209
1300 Reece Road, Charlotte, NC, 28209
$320,000
For Sale
$320,000
MULTI_FAMILY - Contemporary, Modern - Charlotte, NC
Property Size1,220 SF
Price / SF$262.30
Days on Market15
Property Features for 1300 Reece Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Laundry Room, Bedroom 1, Bathroom 1, Basement, Bedroom 2
- Parking features
- Parking Lot, Assigned
- Security features
- Security
- Window features
- Insulated Windows
- Pool private
- 1
- Exterior features
- Lawn Maintenance, Storage
- Basement
- Storage Space, Interior Entry
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 17518102
- Size
- 1,220 SF
Taxes and HOA fees
- Tax Description
- L76-111-M3-124 & STR
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1965
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Brick Full
- Architectural style
- Contemporary, Modern
- Additional Structures
- Storage
Listing Agency
Coldwell Banker Realty
(704) 541-5111
3440 Toringdon Way, Suite 110, Statesville, NC
Listed by
Miller O'Boyle
(704) 607-9634
Added: Jul 2 Checked: Jul 16 at 6:06 pm
MLS# 4402266
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.
Investment Insights
Based on property information with market context.
Located at 1300 Reece Road in Charlotte, this updated multifamily unit is part of The Kimberlee, a well-maintained mid-century community. The interior features a bright, open floor plan and includes recent renovations such as a renovated kitchen and bathroom, new flooring throughout, and fresh paint.
Residents benefit from an all-in monthly fee that covers property taxes, internet, cable, water, and trash, along with one covered parking space. The community is described as being just steps from Park Road Shopping Center, with convenient access to nearby dining, cafes, boutiques, entertainment, and the Little Sugar Creek Greenway for a route toward Freedom Park.
This is a streamlined ownership setup for tenants or buyers seeking a hassle-light monthly structure with covered parking included.
Residents benefit from an all-in monthly fee that covers property taxes, internet, cable, water, and trash, along with one covered parking space. The community is described as being just steps from Park Road Shopping Center, with convenient access to nearby dining, cafes, boutiques, entertainment, and the Little Sugar Creek Greenway for a route toward Freedom Park.
This is a streamlined ownership setup for tenants or buyers seeking a hassle-light monthly structure with covered parking included.
Key Highlights
- Mid‑century unit in a brick full exterior community built in 1965
- Accessible features include an accessible approach with ramp and an accessible elevator installed
- Private pool available (Pool Private Y/N: true)
Local Financial Insights For Apartment 5plus
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 | $28.4k | $23.28 |
| − Vacancy | −$1.6k | −$1.28 |
| EGI | $26.8k | $22.00 |
| − OpEx | −$12.1k | −$9.90 |
| NOI | $14.8k | $12.10 |
1,220 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$210.9K
$184.5K – $246.0K
NOI $14,762 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.3K
$355.5K – $474.0K
NOI $28,438 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Kimberlee, Inc.
Housing Cooperative
Rite Aid Photo
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Bright, open plan with renovated kitchen and bathroom, new flooring, and fresh paint in a mid-century community.
Where is this multifamily property located?
The property is located at 1300 Reece Road Charlotte, NC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Mid‑century unit in a brick full exterior community built in 1965; Accessible features include an accessible approach with ramp and an accessible elevator installed; Private pool available (Pool Private Y/N: true)
