Single-Level Brick
For Sale
$589,000
3019 Columbus Circle, Charlotte, NC 28208
Two updated units include kitchens, laundry areas, covered porches, and separate driveway access.
Property Size1,450 SF
Lot Size0.29 Acres
Price / SF$406.21
Days on Market9
Property Features for 3019 Columbus Circle
General Information
Standard status
Active
Size
1,450 SF
Lot size
0.29 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
covered front porch
fenced backyard
skyline view
Size: 0.29, Size Units: Acres
Man Level Garage: 0
Details: Central Air
Heating: Central
Description: In Unit
Days on Market: 2, Listing Price: 589000, Status: Active
Elementary: Ashley Park, Middle/Junior High: Ashley Park, High School: West Charlotte
Total Bathrooms: 4
Finished Area Above Grade: 1450, Area: 1450, Building Area: 1450, Construction Materials: Brick Full, Year Built: 1953, Construction Type: Site Built
City: Charlotte, State: NC, Zip: 28208, County: Mecklenburg, Subdivision: Regal Heights
Full Bathrooms: 2, Half Bathrooms: 0
Sewer: Public Sewer, Water Source: City
Description: Yes, Breed Restrictions
Auction Y/N: 0
Description: Dishwasher, Microwave, Refrigerator, Washer/Dryer
Building Details
Building Size
1,450 SF
Year Built
1953
Buildings
1
Stories
1
Construction
full-brick
Listing Agency:
Keller Williams Ballantyne Area
(980) 400-3220
Listed By:
Leslie Hamp Adams
(980) 400-3220
Source:
Blackstreaminternational
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 24 at 4:17AM
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 Keller Williams Ballantyne Area
Investment Insights
Based on property information with market context.
This single-story duplex contains two residences within a full-brick structure. Each unit has a split two-bedroom layout, one full bathroom, a laundry area, living room, kitchen, covered front porch, and concrete driveway access. Combined, the property provides approximately 1,450 heated square feet on a 0.29-acre parcel. Recent updates include quartz countertops, stainless steel appliances, and neutral interior paint. The property also includes a shared fenced backyard.
Located at 3019 Columbus Cir in Charlotte, the duplex is described as being moments from uptown and Wesley Heights. A Charlotte skyline view is visible at night. The property was built in 1953 and has no HOA. Its two-unit configuration supports the owner-occupant, multigenerational, and portfolio use possibilities identified in the property information.
Located at 3019 Columbus Cir in Charlotte, the duplex is described as being moments from uptown and Wesley Heights. A Charlotte skyline view is visible at night. The property was built in 1953 and has no HOA. Its two-unit configuration supports the owner-occupant, multigenerational, and portfolio use possibilities identified in the property information.
Key Highlights
- Two‑unit, single‑level full‑brick duplex
- Approximately 1,450 heated square feet on a 0.29‑acre parcel
- Each unit has two bedrooms, one full bath, and a laundry area
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
$19,052
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
3.23%
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%
$381,040
$381.0K
Cap Rate 7%
$272,171
$272.2K
Cap Rate 9%
$211,689
$211.7K
Market Conditions
NOI Build-Up for 1,450 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
$28.7K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$27.2K $18.77/SF
− OpEx
−$8.2K −$5.63/SF
NOI
$19.1K $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%
$381,040
Cap Rate 7%
$272,171
Cap Rate 9%
$211,689
Alternative Uses
Best Use
Multifamily LT 5
$272.2K
$238.2K – $317.5K
NOI $19,052 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$250.6K
$219.3K – $292.4K
NOI $17,545 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$482.9K
$422.5K – $563.3K
NOI $33,800 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated units include kitchens, laundry areas, covered porches, and separate driveway access.
Where is this duplex located?
The property is located at 3019 Columbus Circle Charlotte, NC.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two‑unit, single‑level full‑brick duplex; Approximately 1,450 heated square feet on a 0.29‑acre parcel; Each unit has two bedrooms, one full bath, and a laundry area
