Brand-New Duplex with Two
208 W Todd Lane A & B, Charlotte, NC 28208
For Sale
$615,000
New duplex offering two open-concept units with 3 bedrooms, 2.5 baths, quartz kitchens, and attached one-car garages.
Property Size2,863 SF
Price / SF$214.81
Days on Market104
Property Features for 208 W Todd Lane A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Tenancy
Listing Agency:
Mundy Real Estate, LLC
Listed By:
Tyler Mundy · License #315056
(980) 771-9200
Source:
Vantagerealtypros
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 7 at 3:58PM
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
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Investment Insights
Based on property information with market context.
This brand-new true duplex is designed for owner-occupants and investors, with two separate units laid out in an open-concept style. Each unit features 3 bedrooms and 2.5 bathrooms, with 9-foot ceilings on the first floor. Kitchens include quartz countertops, soft-close shaker cabinetry, a large island with seating, tile backsplash, and a spacious pantry, while select interior upgrades include vaulted ceilings, a custom accent wall, and built-in closet shelving. The primary suite is set up for organization with two separate walk-in closets, each outfitted with custom shelving.
The property includes an attached one-car garage with additional storage space and a large backyard for outdoor use and future customization.
A streamlined configuration supports straightforward live-and-rent arrangements, with the duplex built as two complete units intended for independent occupancy.
The property includes an attached one-car garage with additional storage space and a large backyard for outdoor use and future customization.
A streamlined configuration supports straightforward live-and-rent arrangements, with the duplex built as two complete units intended for independent occupancy.
Key Highlights
- New true duplex built in 2026 with two open‑concept units
- Each unit features 3 bedrooms and 2.5 bathrooms with upscale finishes
- Kitchens include quartz countertops, soft‑close shaker cabinetry, and a large island with seating plus a spacious pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,618
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,360
$752.4K
Cap Rate 7%
$537,400
$537.4K
Cap Rate 9%
$417,978
$418.0K
Market Conditions
NOI Build-Up for 2,863 SF
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 Rate 5%
$752,360
Cap Rate 7%
$537,400
Cap Rate 9%
$417,978
Alternative Uses
Best Use
Multifamily LT 5
$537.4K
$470.2K – $627.0K
NOI $37,618 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$494.9K
$433.0K – $577.4K
NOI $34,642 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$953.4K
$834.2K – $1.11M
NOI $66,737 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
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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
$198,300
Median Home Value
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Market
Average Price Trend$/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 - New duplex offering two open-concept units with 3 bedrooms, 2.5 baths, quartz kitchens, and attached one-car garages.
Where is this duplex located?
The property is located at 208 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: New true duplex built in 2026 with two open‑concept units; Each unit features 3 bedrooms and 2.5 bathrooms with upscale finishes; Kitchens include quartz countertops, soft‑close shaker cabinetry, and a large island with seating plus a spacious pantry
