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Renovated Duplex with Detached ADU
For Sale
$724,900

1416 Parkwood Avenue, Charlotte, NC 28205

Residential Income, Charlotte, NC

Property SizeContact for details
Lot Size0.17 Acres
Days on Market113

Property Features for 1416 Parkwood Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description N2-B
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 3, Bathroom 3, Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking features Driveway
Patio and Porch features Deck, Porch
Pets allowed Yes
Interior features Breakfast Bar, Kitchen Island, Open Floorplan, Split Bedroom, Walk-In Closet(s)
Fireplace 1
Appliances Dishwasher, Disposal, Gas Range
Subdivision Midwood
Lot features Level
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Directions GPS
Standard status Active
APN 081-191-61
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description P8 B5 M173-377
Legal Description P8 B5 M173-377

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Central
Cooling system Central Air

Building Details

Year built 1917
Number of units 2
Flooring type Tile, Wood, Carpet
Building materials Hardboard Siding
Roof type Shingle
Listing Agency: Realty One Group Revolution
Listed By: Perry Wiese · License #294528
Added: May 29 Changed: Sep 16 Last Checked: Sep 18 at 10:06PM
MLS# 4420784

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.

This duplex property pairs a renovated 1917 bungalow with a detached accessory dwelling unit. The main residence features refinished wood flooring, an open living and dining arrangement, a split-bedroom plan, and an updated kitchen with a gas range, quartz island, and semi-custom cabinetry. The primary suite includes a walk-in closet and a walk-in shower. The detached ADU adds a bedroom, full bathroom, kitchen, and living area, and is currently leased. Updates completed in 2019 include the roof, HVAC, plumbing, electrical system, and windows.

The 0.17-acre property is located in Charlotte’s Plaza Midwood area, with access to nearby breweries, coffee shops, restaurants, greenway connections, light rail service, and Uptown. Public sewer serves the property. There is no HOA or short-term rental restriction, and parking is provided by a driveway.

Key Highlights

  • Detached ADU includes a bedroom, full bath, kitchen, and living area
  • Main residence and ADU provide two separate living areas
  • Roof, HVAC, plumbing, electrical, and windows updated in 2019

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Tech Support Center Plumbing Service Florist Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

628
Businesses Nearby

Demographics for 28205, NC

49,600
Population
24,605
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
86%
High-School Grad
11.8 sq mi
ZIP Area
4,203
Density / Sq Mi
$72,479
Median Household Income
$49,340
Median Earnings
$1,376
Median Rent
$410,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two separate living areas combine updated finishes with flexible occupancy and rental use.
Where is this duplex located?
The property is located at 1416 Parkwood Avenue Charlotte, NC.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Detached ADU includes a bedroom, full bath, kitchen, and living area; Main residence and ADU provide two separate living areas; Roof, HVAC, plumbing, electrical, and windows updated in 2019
More about this property
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