Duplex Near
For Sale
$750,000
2101 Kenilworth Avenue, Charlotte, NC 28203
Two residential units include separate two-bedroom and one-bedroom layouts with parking available.
Property Size1,794 SF
Price / SF$418.06
Days on Market17
Property Features for 2101 Kenilworth Avenue
General Information
Standard status
Active
Size
1,794 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Features: Corner Lot, Size: 0.18, Dimensions: 54 x 152 x 50 x 151, Size Units: Acres
Description: Asbestos Shingle
Flooring: Tile, Wood
Garage Spaces: 0, Man Level Garage: 0, Garage SqFt: 0
Details: Central Air
Heating: Central, Forced Air
Description: Laundry Closet
Days on Market: 1, Listing Price: 750000, Status: Active
Carport Spaces: 0, Parking Total: 4
Elementary: Dilworth, Middle/Junior High: Sedgefield, High School: Myers Park
Total Bathrooms: 3
Finished Area Above Grade: 1794, Area: 1794, Architecture: Traditional, Building Area: 1794, Construction Materials: Vinyl, Stories: 1, Year Built: 1927, Construction Type: Site Built
City: Charlotte, State: NC, Zip: 28203, County: Mecklenburg, Subdivision: Dilworth
Zoning: N1-C
Full Bathrooms: 2, Half Bathrooms: 0
Sewer: Public Sewer, Water Source: City, Utilities: Cable Available, Natural Gas
Description: Call
Auction Y/N: 0
Patio Features: Front Porch
Heated Basement SqFt: 0
Description: Dishwasher, Electric Range, Electric Water Heater, Gas Range, Gas Water Heater, Refrigerator, Washer/Dryer
Building Details
Building Size
1,794 SF
Year Built
1927
Buildings
1
Listing Agency:
NorthGroup Real Estate LLC
(704) 412-2804
Listed By:
Robert Dulin
(704) 661-3173
Source:
Blackstreaminternational
Added: Sep 2
Changed: Sep 17
Last Checked: Sep 18 at 7:30AM
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 NorthGroup Real Estate LLC
Investment Insights
Based on property information with market context.
This duplex at 2101 Kenilworth Avenue contains two residential units: one is configured with 2 bedrooms and 1 bath, while the other offers 1 bedroom and 1 bath. The property was built in 1927 and includes on-site parking.
The address is in Charlotte’s Dilworth area, near Uptown and I-77. Restaurants, breweries, bars, Bank of America Stadium, Spectrum Arena, hospitals, and medical facilities are also identified nearby, placing a range of dining, entertainment, employment, and healthcare destinations within the surrounding area.
The address is in Charlotte’s Dilworth area, near Uptown and I-77. Restaurants, breweries, bars, Bank of America Stadium, Spectrum Arena, hospitals, and medical facilities are also identified nearby, placing a range of dining, entertainment, employment, and healthcare destinations within the surrounding area.
Key Highlights
- Two‑unit duplex with distinct residential layouts
- One unit includes 2 bedrooms and 1 bath
- Second unit includes 1 bedroom and 1 bath
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
$23,572
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
3.14%
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%
$471,440
$471.4K
Cap Rate 7%
$336,743
$336.7K
Cap Rate 9%
$261,911
$261.9K
Market Conditions
NOI Build-Up for 1,794 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
$35.5K $19.80/SF
− Vacancy
−$1.8K −$1.03/SF
EGI
$33.7K $18.77/SF
− OpEx
−$10.1K −$5.63/SF
NOI
$23.6K $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%
$471,440
Cap Rate 7%
$336,743
Cap Rate 9%
$261,911
Alternative Uses
Best Use
Multifamily LT 5
$336.7K
$294.7K – $392.9K
NOI $23,572 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K
NOI $21,707 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$597.4K
$522.7K – $697.0K
NOI $41,818 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,476
Businesses Nearby
Explore this area
Business Placement
Demographics for 28203, NC
18,572
Population
11,641
Households
1.6
Avg Household Size
30
Median Age
80%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
5,991
Density / Sq Mi
$103,860
Median Household Income
$73,695
Median Earnings
$1,829
Median Rent
$708,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include separate two-bedroom and one-bedroom layouts with parking available.
Where is this duplex located?
The property is located at 2101 Kenilworth Avenue Charlotte, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with distinct residential layouts; One unit includes 2 bedrooms and 1 bath; Second unit includes 1 bedroom and 1 bath
