Newly Built Duplex with
For Sale
$615,000
206 W Todd Lane A & B, Charlotte, NC 28208
Two open-concept residences feature upgraded kitchens, private outdoor space, and flexible owner-occupant or rental use.
Property Size2,862 SF
Price / SF$214.88
Days on Market10
Property Features for 206 W Todd Lane A & B
General Information
Standard status
Active
Size
2,862 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
large backyard
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Mundy Real Estate, LLC
(980) 771-9200
Listed By:
Tyler Mundy · License #315056
Source:
Lewisandkirk
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 28 at 9:27AM
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.
Completed in 2026, this duplex includes two thoughtfully configured residences, each with three bedrooms, two and one-half bathrooms, and an open-concept layout. The kitchens feature quartz countertops, soft-close shaker cabinetry, a large island, tile backsplash, and pantry storage. First-floor ceilings measure 9 feet, while vaulted ceilings, a custom accent wall, and built-in closet shelving add architectural and functional detail.
Each primary suite includes two separate walk-in closets with custom shelving. The property also offers an attached one-car garage with additional storage and a large backyard. Located at 206 W Todd Lane A & B in Charlotte, the configuration supports owner occupancy of one residence with rental use of the other, or use as a two-unit investment property.
Each primary suite includes two separate walk-in closets with custom shelving. The property also offers an attached one-car garage with additional storage and a large backyard. Located at 206 W Todd Lane A & B in Charlotte, the configuration supports owner occupancy of one residence with rental use of the other, or use as a two-unit investment property.
Key Highlights
- Duplex completed in 2026 with two residential units
- Each unit offers 3 bedrooms and 2.5 bathrooms
- Quartz kitchen countertops, shaker cabinetry, island, backsplash, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,605
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,100
$752.1K
Cap Rate 7%
$537,214
$537.2K
Cap Rate 9%
$417,833
$417.8K
Market Conditions
NOI Build-Up for 2,862 SF
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.
Gross rent
$56.7K $19.80/SF
− Vacancy
−$2.9K −$1.03/SF
EGI
$53.7K $18.77/SF
− OpEx
−$16.1K −$5.63/SF
NOI
$37.6K $13.14/SF
Area
Charlotte, NC
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,100
Cap Rate 7%
$537,214
Cap Rate 9%
$417,833
Alternative Uses
Best Use
Multifamily LT 5
$537.2K
$470.1K – $626.8K
NOI $37,605 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$494.7K
$432.9K – $577.2K
NOI $34,630 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$953.1K
$833.9K – $1.11M
NOI $66,714 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
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?
Duplex - Two open-concept residences feature upgraded kitchens, private outdoor space, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 206 W Todd Lane A & B Charlotte, NC.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Duplex completed in 2026 with two residential units; Each unit offers 3 bedrooms and 2.5 bathrooms; Quartz kitchen countertops, shaker cabinetry, island, backsplash, and pantry
