Two-Unit Residential
1812 Catherine Simmons Avenue Unit 1 & 2, Charlotte, NC 28216
For Sale
$275,000
The front residence has one bedroom, while the rear layout provides three.
Property Size1,352 SF
Price / SF$203.40
Days on Market70
Property Features for 1812 Catherine Simmons Avenue Unit 1 & 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
My Home CLT
Listed By:
Heidi Thorne
(704) 817-4546
Source:
Oprearealtygroup
Added: Sep 3
Changed: Nov 10
Last Checked: Nov 10 at 9:44AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential duplex contains two vacant residences: a one-bedroom, one-bathroom unit at the front and a three-bedroom, one-bathroom unit at the rear. Each includes an oven/range and refrigerator. The property was built in 1960 and does not have central air conditioning.
At 1812 Catherine Simmons Avenue in Charlotte, North Carolina, the duplex sits across the street from a neighborhood park.
At 1812 Catherine Simmons Avenue in Charlotte, North Carolina, the duplex sits across the street from a neighborhood park.
Key Highlights
- Two vacant residences: one with 1 bedroom and 1 bathroom, the other with 3 bedrooms and 1 bathroom
- Oven/range and refrigerator included in each unit
- Built in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,676
Cap Rate
5.70%
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 5.70%
Second Best
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,304 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$476.6K
$417.0K – $556.0K
NOI $33,362 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
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
$246,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - The front residence has one bedroom, while the rear layout provides three.
Where is this duplex located?
The property is located at 1812 Catherine Simmons Avenue Unit 1 & 2 Charlotte, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two vacant residences: one with 1 bedroom and 1 bathroom, the other with 3 bedrooms and 1 bathroom; Oven/range and refrigerator included in each unit; Built in 1960
