Multifamily Income
For Sale
$1,695,000
2213-2219 Park Road #27/28, Charlotte, NC 28203
Residential income property offered for sale in Mecklenburg County, presented as multiple building addresses along Park Road.
Property Size1,945 SF
Price / SF$416.16
Days on Market102
Property Features for 2213-2219 Park Road #27/28
General Information
Standard status
Active
Size
1,945 SF
Property subtype
Office
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 121-123-25, 121-123-26, Assessed Value: $1.5483e+06
Ductless, Window Unit(s)
Ductless, Forced Air
Listing ID: CAR4399091, Standard Status: Active, MLS Status: Active, Property Subtype: Office, 92 days on market, Special Conditions: None
10 open parking spaces, Parking Space(s)
Built in 1945, Living area: 4073, Construction Materials: Brick Full, Wood
County/Parish: Mecklenburg
Cable Connected, Wired Internet Available, Water Source: City
Other - See Remarks
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Electric Cooktop, Refrigerator
Building Details
Building Size
1,945 SF
Year Built
1945
Listing Agency:
Geoff Campbell Realty Inc
(704) 554-1920
Listed By:
Josh Campbell · License #290560
(704) 621-9092
Source:
Blackstreaminternational
Added: Jun 30
Changed: Oct 7
Last Checked: Oct 7 at 12:31PM
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 Geoff Campbell Realty Inc
Investment Insights
Based on property information with market context.
This for-sale residential income property is identified across multiple building addresses: 2213 through 2219 Park Road 27/28. The offering is categorized as “other residential income,” which may appeal to investors seeking a multi-address residential income format.
Access is described via Park Road in Mecklenburg County, with directions indicating travel north on Park Rd and turning left onto Park Rd, with the buildings located on the right.
From an operator and investor standpoint, the multi-address setup can be useful for underwriting a residential income portfolio rather than a single-asset purchase. Prospective buyers and brokers should review the property’s income, unit details, and condition disclosures through the due diligence process, as the provided information does not specify the number of units, bedroom mix, or any recent updates. The best-fit user is someone looking for a residential income purchase in Mecklenburg County and who will evaluate the full operating profile and tenant-ready status during inspection and document review.
Access is described via Park Road in Mecklenburg County, with directions indicating travel north on Park Rd and turning left onto Park Rd, with the buildings located on the right.
From an operator and investor standpoint, the multi-address setup can be useful for underwriting a residential income portfolio rather than a single-asset purchase. Prospective buyers and brokers should review the property’s income, unit details, and condition disclosures through the due diligence process, as the provided information does not specify the number of units, bedroom mix, or any recent updates. The best-fit user is someone looking for a residential income purchase in Mecklenburg County and who will evaluate the full operating profile and tenant-ready status during inspection and document review.
Key Highlights
- Residential income property with multiple building addresses along Park Road in Mecklenburg County
- Year built: 1945
- Ductless cooling with window unit(s)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,282
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,640
$985.6K
Cap Rate 7%
$704,029
$704.0K
Cap Rate 9%
$547,578
$547.6K
Market Conditions
NOI Build-Up for 4,073 SF
Gross rent
$94.8K $23.28/SF
− Vacancy
−$5.2K −$1.28/SF
EGI
$89.6K $22.00/SF
− OpEx
−$40.3K −$9.90/SF
NOI
$49.3K $12.10/SF
Area
Charlotte, NC
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,640
Cap Rate 7%
$704,029
Cap Rate 9%
$547,578
Alternative Uses
Best Use
Apartment 5plus
$704.0K
$616.0K – $821.4K
NOI $49,282 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,942 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,297
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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property offered for sale in Mecklenburg County, presented as multiple building addresses along Park Road.
Where is this residential income property located?
The property is located at 2213-2219 Park Road #27/28 Charlotte, NC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Residential income property with multiple building addresses along Park Road in Mecklenburg County; Year built: 1945; Ductless cooling with window unit(s)
