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Multifamily Investment Property in Charlotte

2607 Cedarhurst Dr, Charlotte, NC 28269

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For Sale

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16-unit multifamily property with strong cash flow near Uptown.

Type:Multifamily

Property size:

13,456 SF

Price / SF:

$204/SF

HighLights

Strong in‑place cash flow and rents from 15 of 16 occupied units.
All units are spacious 2BR/1BA averaging 841 SF.
Located in Charlotte's Derita submarket, just 5 miles from Uptown.
Proximity to I‑85 (0.4 miles), Camp North End, and NoDa Arts District.
Majority of interiors renovated.
NOI upside through renovating and leasing the remaining vacant unit.

We can help!

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Zachary Britt

Learn more

For Sale

Contact for pricing

16-unit multifamily property with strong cash flow near Uptown.

Type:Multifamily

Property size:

13,456 SF

Price / SF:

$204/SF

Added:: Mar 21, 2026
Days on Market:: 108
Last Refresh:: Jul 2 at 7:54 am

Property Features for 2607 Cedarhurst Dr

General Information

Standard status: Active
Size: 13,456 SF
Property subtype: Multifamily

Building Details

Year Built: 1969

We can help!

Contact an agent

Zachary Britt

Listing office Britt Commercial Real Estate

Listing date Mar 21, 2026

Source Crexi

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 Britt Commercial Real Estate

HighLights

Strong in‑place cash flow and rents from 15 of 16 occupied units.
All units are spacious 2BR/1BA averaging 841 SF.
Located in Charlotte's Derita submarket, just 5 miles from Uptown.
Proximity to I‑85 (0.4 miles), Camp North End, and NoDa Arts District.
Majority of interiors renovated.
NOI upside through renovating and leasing the remaining vacant unit.

Overview

The property at 2607 Cedarhurst Dr is a 16-unit multifamily building located in Charlotte's Derita submarket. The unit mix consists entirely of 2-bedroom, 1-bathroom units, averaging 841 square feet. The property size is 13,456 square feet. A majority of the unit interiors have been renovated. Fifteen of the sixteen units are currently occupied, generating cash flow and rents. The location is approximately 5 miles from Uptown Charlotte and 0.4 miles from I-85, near Camp North End and the NoDa Arts District. The property is positioned within an active rental corridor with access to transportation, retailers, and employers. There is potential to increase net operating income by renovating and leasing the remaining vacant unit.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$282.6k	$21.00
− Vacancy	−$23.7k	−$1.76
EGI	$258.8k	$19.24
− OpEx	−$116.5k	−$8.66
NOI	$142.4k	$10.58

13,456 SF · lease $21.00/SF/yr · vacancy 8.40% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,362 @ 7.0% cap · market cap 5.18%

Second Best

—

no second resolved use

Theoretical Best

Office A

$4.24M

$3.71M – $4.94M (±1% cap)

NOI $296,463 @ 7.0% cap · market cap 10.78%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Charlotte
County: Mecklenburg
State: North Carolina
Longitude: -80.8117784
Latitude: 35.2788295

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For sale
Apartment buildings
NC
Charlotte
28269
2607 Cedarhurst Dr

What type of property is this?

Apartment building - 16-unit multifamily property with strong cash flow near Uptown.

Where is this apartment building located?

The property is located at 2607 Cedarhurst Dr Charlotte, NC.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: Strong in‑place cash flow and rents from 15 of 16 occupied units.; All units are spacious 2BR/1BA averaging 841 SF.; Located in Charlotte's Derita submarket, just 5 miles from Uptown.