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    East Charlotte Duplex Investment Opportunity Title is generated by Realmo AI

    2929 Amity Garden Court, Charlotte, NC 28205

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    Claim this Listing
    For Sale
    $440,000

    MULTI_FAMILY - Charlotte, NC

    Property size:
    1,800 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $244/SF
    Added:
    Apr 22, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 12 at 2:06 am

    Property Features for 2929 Amity Garden Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Patio and Porch features
    Patio, Porch
    Interior features
    Open Floorplan, Pantry, Storage
    Exterior features
    Lawn Maintenance, Storage Unit (Off Site)
    Appliances
    Electric Range, Microwave, Oven
    Standard status
    Active
    APN
    133-014-11
    Size
    1,800 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    L5 B1 M10-13

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Brick Partial, Shingle/Shake, Vinyl
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Crystal Ratcliff

    Listing agent Crystal Ratcliff

    Listing office Castle Gate Real Estate Group LLC 18644 W Catawba Ave Ste 202, Cornelius, NC

    Listing date Apr 22, 2026

    MLS# 4372973 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Immediate income potential with one unit currently leased at $1,463/month.
    • Second unit is vacant, offering flexibility for a new tenant or owner‑occupancy.
    • Located in East Charlotte, an area experiencing ongoing growth and rapid development.
    • Each unit features 2 bedrooms and 1 bathroom with 900 sqft.
    • Remodeled bathroom and fresh paint throughout.
    • Convenient access to shopping, dining, and major highways.

    Overview

    This duplex in East Charlotte presents an investment opportunity. Each unit features 2 bedrooms and 1 bathroom within a 900-square-foot layout. The property is well-maintained and offers immediate income, with one unit currently leased at $1,463 per month. The second unit is vacant, presenting an opportunity for a new tenant or owner-occupancy. The property includes a remodeled bathroom and fresh paint throughout. Suited for investors seeking cash flow or buyers looking for an owner-occupant income opportunity, the property provides both stability and upside potential. The surrounding area is experiencing ongoing growth and rapid development. The property is conveniently located with easy access to shopping, dining, and major highways. The lot size is 0.3 acres.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $35.6k $19.80
    − Vacancy −$1.9k −$1.03
    EGI $33.8k $18.77
    − OpEx −$10.1k −$5.63
    NOI $23.7k $13.14
    1,800 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $337.9K
    $295.6K – $394.2K (±1% cap)
    NOI $23,651 @ 7.0% cap · market cap 5.38%
    Second Best
    Apartment 5plus
    $311.1K
    $272.3K – $363.0K (±1% cap)
    NOI $21,780 @ 7.0% cap · market cap 4.95%
    Theoretical Best
    Office A
    $599.4K
    $524.5K – $699.3K (±1% cap)
    NOI $41,958 @ 7.0% cap · market cap 9.54%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.763167
    Latitude
    35.199525

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in East Charlotte with income potential.
    Where is this duplex located?
    The property is located at 2929 Amity Garden Court Charlotte, NC.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Immediate income potential with one unit currently leased at $1,463/month.; Second unit is vacant, offering flexibility for a new tenant or owner‑occupancy.; Located in East Charlotte, an area experiencing ongoing growth and rapid development.
    More about this property
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