Duplex with One- and Three-Bedroom
1812 Catherine Simmons Avenue 1 & 2, Charlotte, NC 28216
For Sale
$285,000
Two vacant residences include kitchen appliances and are positioned across from a neighborhood park.
Property Size1,352 SF
Price / SF$210.80
Days on Market68
Property Features for 1812 Catherine Simmons Avenue 1 & 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
My Home CLT
Listed By:
Heidi Thorne
(704) 817-4546
Source:
Charlottelifeteam
Added: Sep 3
Changed: Nov 8
Last Checked: Nov 9 at 7:07AM
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 My Home CLT
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences with a combined 1,352 square feet. The front unit has one bedroom and one bathroom; the rear unit has three bedrooms and one bathroom. Each residence includes an oven/range and refrigerator. The building dates to 1960 and does not have central air conditioning.
The property at 1812 Catherine Simmons Avenue sits directly across from a neighborhood park, with outdoor recreation and green space nearby.
The property at 1812 Catherine Simmons Avenue sits directly across from a neighborhood park, with outdoor recreation and green space nearby.
Key Highlights
- Two‑unit duplex totaling 1,352 square feet
- Front residence: 1 bedroom and 1 bathroom
- Rear residence: 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,676
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,520
$313.5K
Cap Rate 7%
$223,943
$223.9K
Cap Rate 9%
$174,178
$174.2K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$24.3K $18.00/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$22.4K $16.56/SF
− OpEx
−$6.7K −$4.97/SF
NOI
$15.7K $11.59/SF
Area
ZIP 28216
Vacancy
7.98%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,520
Cap Rate 7%
$223,943
Cap Rate 9%
$174,178
Alternative Uses
Best Use
Multifamily LT 5
$223.9K
$196.0K – $261.3K
NOI $15,676 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,304 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$476.6K
$417.0K – $556.0K
NOI $33,362 @ 7.0% cap · market cap 11.71%
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
378
Businesses Nearby
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Business Placement
Demographics for 28216, NC
57,196
Population
24,902
Households
2.3
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
30.0 sq mi
ZIP Area
1,907
Density / Sq Mi
$64,977
Median Household Income
$43,643
Median Earnings
$1,464
Median Rent
$246,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Charlotte, NC
Properties on Market for Duplexes in Charlotte
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences include kitchen appliances and are positioned across from a neighborhood park.
Where is this duplex located?
The property is located at 1812 Catherine Simmons Avenue 1 & 2 Charlotte, NC.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,352 square feet; Front residence: 1 bedroom and 1 bathroom; Rear residence: 3 bedrooms and 1 bathroom
