Two-Unit
For Sale
$360,000
2021 Lasalle St, Charlotte, NC 28216
Residential income property with two separately income-generating units.
Property Size1,305 SF
Price / SF$275.86
Days on Market62
Property Features for 2021 Lasalle St
General Information
Standard status
Active
Size
1,305 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1961
Listing Agency:
KJ Realty LLC
Listed By:
George Joseph · License #229722
(704) 345-8730
Source:
Thejaywhiteteam
Added: Aug 20
Changed: Oct 11
Last Checked: Oct 5 at 11:31PM
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 KJ Realty LLC
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Investment Insights
Based on property information with market context.
This duplex contains two income-generating residential units within a property constructed in 1961. The asset is located at 2021 Lasalle St in Charlotte, North Carolina, with a 28216 ZIP code. Its existing two-unit configuration supports continued residential income use, subject to applicable requirements and property-specific evaluation.
Key Highlights
- Two income‑generating residential units
- Built in 1961
- Located at 2021 Lasalle St, Charlotte, NC 28216
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,131
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,620
$302.6K
Cap Rate 7%
$216,157
$216.2K
Cap Rate 9%
$168,122
$168.1K
Market Conditions
NOI Build-Up for 1,305 SF
Gross rent
$23.5K $18.00/SF
− Vacancy
−$1.9K −$1.44/SF
EGI
$21.6K $16.56/SF
− OpEx
−$6.5K −$4.97/SF
NOI
$15.1K $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%
$302,620
Cap Rate 7%
$216,157
Cap Rate 9%
$168,122
Alternative Uses
Best Use
Multifamily LT 5
$216.2K
$189.1K – $252.2K
NOI $15,131 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$197.2K
$172.6K – $230.1K
NOI $13,807 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$460.0K
$402.5K – $536.7K
NOI $32,202 @ 7.0% cap · market cap 8.95%
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with two separately income-generating units.
Where is this duplex located?
The property is located at 2021 Lasalle St Charlotte, NC.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two income‑generating residential units; Built in 1961; Located at 2021 Lasalle St, Charlotte, NC 28216
