Two-Unit Duplex Income
New
For Sale
$299,999
173 & 175 Booker Drive SW, Concord, NC 28025
Duplex with two mirrored 1-bedroom, 1-bath units, each featuring a sunroom laundry area and updated HVAC systems.
Property Size1,254 SF
Price / SF$239.23
Days on Market7
Property Features for 173 & 175 Booker Drive SW
General Information
Standard status
Active
Size
1,254 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
Size: 0.09, Size Units: Acres
Man Level Garage: 0
Details: "Central Air", "Electric"
Heating: Electric
Description: Laundry Room
Days on Market: 0, Listing Price: 299999, Status: Coming Soon-No Show
Elementary: R. McAllister, Middle/Junior High: Concord, High School: Concord
Finished Area Above Grade: 1254, Area: 1254, Building Area: 1254, Construction Materials: Block, Year Built: 1950, Construction Type: Site Built
City: Concord, State: NC, Zip: 28025, County: Cabarrus
Sewer: Public Sewer, Water Source: City
Description: Yes
Auction Y/N: 0
Description: "Electric Range", "Refrigerator", "Washer/Dryer"
Building Details
Building Size
1,254 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Southern Homes of the Carolinas, Inc
(704) 305-6105
Listed By:
Jenny Dabbs
(704) 305-6105
Source:
Blackstreaminternational
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 30 at 5:46AM
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 Southern Homes of the Carolinas, Inc
Investment Insights
Based on property information with market context.
This duplex includes two mirrored units at 173 and 175 Booker Drive SW, each with a 1-bedroom, 1-bath layout. Every unit has a kitchen, living room, and a laundry area located in a sunroom. The property benefits from new HVAC systems installed in both units, and unit 173 has a brand new refrigerator; all appliances convey.
Both units are currently occupied by long-term tenants who wish to remain, providing immediate rental income. The property is described as being conveniently located near Logan Center and a bus stop.
Showings are limited due to tenant occupancy and will be scheduled through an open house day (TBD the week of July 27, 2026).
Both units are currently occupied by long-term tenants who wish to remain, providing immediate rental income. The property is described as being conveniently located near Logan Center and a bus stop.
Showings are limited due to tenant occupancy and will be scheduled through an open house day (TBD the week of July 27, 2026).
Key Highlights
- Duplex at 173 & 175 Booker Dr SW with two mirrored 1‑bedroom, 1‑bath units
- Each unit includes a laundry area in a sunroom, plus kitchen and living room space
- Both units are currently occupied by long‑term tenants who want to remain
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 | $20.3k | $16.20 |
| − Vacancy | −$1.3k | −$1.00 |
| EGI | $19.1k | $15.20 |
| − OpEx | −$5.7k | −$4.56 |
| NOI | $13.3k | $10.64 |
1,254 SF · lease $16.20/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$190.6K
$166.7K – $222.3K
NOI $13,339 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$176.0K
$154.0K – $205.3K
NOI $12,318 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$341.7K
$299.0K – $398.7K
NOI $23,921 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
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 - Duplex with two mirrored 1-bedroom, 1-bath units, each featuring a sunroom laundry area and updated HVAC systems.
Where is this duplex located?
The property is located at 173 & 175 Booker Drive SW Concord, NC.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Duplex at 173 & 175 Booker Dr SW with two mirrored 1‑bedroom, 1‑bath units; Each unit includes a laundry area in a sunroom, plus kitchen and living room space; Both units are currently occupied by long‑term tenants who want to remain
