Two-Unit Duplex with Hardwood
New
For Sale
$359,000
2420 Shamrock Drive, Charlotte, NC 28205
Each residence has two bedrooms, one bath, appliances, and parking.
Property Size1,959 SF
Price / SF$259.39
Days on Market1
Property Features for 2420 Shamrock Drive
General Information
Standard status
Active
Size
1,959 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Inner
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer
refrigerator
fenced back yard
Public Sewer
Additional parcels description:, Parcel Number: 093-075-19, Assessed Value: $293,800
Central Air
Central
Inside
Listing ID: CAR4436891, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, Special Conditions: None
2 open parking spaces, Other Parking: Parking for 2 plus cars on each side., Driveway
Elementary School: Shamrock Gardens, Middle School: Eastway, High School: Garinger
4 total bedrooms
Built in 1959, Living area: 1384, Construction Materials: Brick Full
Subdivision: Country Club Heights, County/Parish: Mecklenburg
2 full bathrooms
Water Source: Public
Crawl Space
Allowed: Yes
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Gas Range, Refrigerator, Washer/Dryer
Building Details
Building Size
1,959 SF
Year Built
1959
Buildings
1
Listing Agency:
Nestlewood Realty, LLC
(704) 302-4464
Listed By:
Bobby Sisk · License #274388
(704) 819-0710
Source:
Blackstreaminternational
Added: Oct 30
Last Checked: Oct 30 at 2:08PM
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 Nestlewood Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,384-square-foot duplex, built in 1959, contains two residences with two bedrooms and one bathroom apiece. Original hardwood floors, refrigerators, and washer/dryers are included in both units. Recent interior work includes fresh paint and lighting updates; one apartment also has a fenced backyard. Parking is available for each residence.
The property is near Plaza Midwood and NoDa, with access to Uptown. The duplex may be used for long-term rentals, Airbnb, or owner occupancy in one unit while renting the other, as described in the property information.
The property is near Plaza Midwood and NoDa, with access to Uptown. The duplex may be used for long-term rentals, Airbnb, or owner occupancy in one unit while renting the other, as described in the property information.
Key Highlights
- 1,384‑square‑foot duplex built in 1959
- Two residences, each with 2 bedrooms and 1 bathroom
- Original hardwood floors, refrigerators, and washer/dryers in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,185
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,700
$363.7K
Cap Rate 7%
$259,786
$259.8K
Cap Rate 9%
$202,056
$202.1K
Market Conditions
NOI Build-Up for 1,384 SF
Gross rent
$27.4K $19.80/SF
− Vacancy
−$1.4K −$1.03/SF
EGI
$26.0K $18.77/SF
− OpEx
−$7.8K −$5.63/SF
NOI
$18.2K $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%
$363,700
Cap Rate 7%
$259,786
Cap Rate 9%
$202,056
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.3K – $303.1K
NOI $18,185 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,746 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$460.9K
$403.3K – $537.7K
NOI $32,261 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
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Business Placement
Demographics for 28205, NC
49,600
Population
24,605
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
86%
High-School Grad
11.8 sq mi
ZIP Area
4,203
Density / Sq Mi
$72,479
Median Household Income
$49,340
Median Earnings
$1,376
Median Rent
$410,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bath, appliances, and parking.
Where is this duplex located?
The property is located at 2420 Shamrock Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1,384‑square‑foot duplex built in 1959; Two residences, each with 2 bedrooms and 1 bathroom; Original hardwood floors, refrigerators, and washer/dryers in both units
