Two Duplex Income
New
For Sale
$1,274,000
206/208 W Todd Lane Unit A & B, Charlotte, NC 28208
Two side-by-side duplexes offer an open floor plan with three bedrooms and two and a half bathrooms per unit.
Property Size5,724 SF
Price / SF$222.57
Days on Market4
Property Features for 206/208 W Todd Lane Unit A & B
General Information
Standard status
Active
Size
5,724 SF
Property subtype
Fourplex
Additional Details
Clear Height
9 ft
Multifamily Units
4
Amenities
Size: 0.458, Size Units: Acres
Garage Spaces: 4, Man Level Garage: 1
Details: Heat Pump
Heating: Heat Pump
Description: "Electric Dryer Hookup", "In Hall", "Upper Level"
Days on Market: 0, Listing Price: 1274000, Status: Coming Soon-No Show
Elementary: Unspecified, Middle/Junior High: Unspecified, High School: Unspecified
Total Bathrooms: 12
Finished Area Above Grade: 5724, Area: 5724, Architecture: Traditional, Building Area: 5724, Construction Materials: "Fiber Cement", "Shingle/Shake", Stories: 2, Year Built: 2026, Construction Type: Site Built
Unit: A & B, City: Charlotte, State: NC, Zip: 28208, County: Mecklenburg
Zoning: N1-C
Full Bathrooms: 8, Half Bathrooms: 4
Sewer: Public Sewer, Water Source: City
Description: Call
Auction Y/N: 0
Description: "Dishwasher", "Disposal", "Electric Range", "Electric Water Heater", "Microwave", "Plumbed For Ice Maker"
Building Details
Building Size
5,724 SF
Year Built
2026
Listing Agency:
Mundy Real Estate, LLC
(980) 771-9200
Listed By:
Tyler Mundy
(980) 771-9200
Source:
Blackstreaminternational
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 30 at 6:18AM
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 Mundy Real Estate, LLC
Investment Insights
Based on property information with market context.
This offering consists of two side-by-side duplex buildings presented together, with the option to operate them collectively like a quadplex. Each unit features an open floor plan with three bedrooms and two and a half bathrooms.
Interiors include kitchen finishes such as quartz counters, soft-close shaker cabinets, a tile backsplash, and a pantry. The first floor is described as having 9' ceilings, with additional updates noted including mid-century modern light fixtures, an accent wall, and custom built-in closet shelving.
The property is described as being located about 10 minutes from Uptown, in an area characterized by new construction homes nearby.
Interiors include kitchen finishes such as quartz counters, soft-close shaker cabinets, a tile backsplash, and a pantry. The first floor is described as having 9' ceilings, with additional updates noted including mid-century modern light fixtures, an accent wall, and custom built-in closet shelving.
The property is described as being located about 10 minutes from Uptown, in an area characterized by new construction homes nearby.
Key Highlights
- Two side‑by‑side duplexes built in 2026
- Open floor plan in each unit with 3 bedrooms and 2.5 bathrooms
- Kitchens include quartz counters, soft‑close shaker cabinets, tile backsplash, and a pantry
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 | $113.3k | $19.80 |
| − Vacancy | −$5.9k | −$1.03 |
| EGI | $107.4k | $18.77 |
| − OpEx | −$32.2k | −$5.63 |
| NOI | $75.2k | $13.14 |
5,724 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$940.1K – $1.25M
NOI $75,209 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$989.4K
$865.7K – $1.15M
NOI $69,259 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,427 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9 ft
Clear height
4
Residential units
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
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?
Quadplex - Two side-by-side duplexes offer an open floor plan with three bedrooms and two and a half bathrooms per unit.
Where is this quadplex located?
The property is located at 206/208 W Todd Lane Unit A & B Charlotte, NC.
What is the asking price?
The asking price for this property is $1,274,000.
What are key features of this property?
This property features: Two side‑by‑side duplexes built in 2026; Open floor plan in each unit with 3 bedrooms and 2.5 bathrooms; Kitchens include quartz counters, soft‑close shaker cabinets, tile backsplash, and a pantry
