New Construction
New
For Sale
$609,000
302 & 304 Sycamore Ave SW, Concord, NC 28025
Two attached residences offer three-bedroom layouts, private garages, and no HOA.
Property Size3,272 SF
Price / SF$186.12
Days on Market7
Property Features for 302 & 304 Sycamore Ave SW
General Information
Standard status
Active
Size
3,272 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Undp
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listed By:
David Upchurch
(704) 815-6995
Source:
Carolinahomeclick
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 7:46AM
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 David Upchurch
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two townhome-style residences with a combined reported area of 3,272 square feet. Each unit offers 3 bedrooms, 2.5 bathrooms, an en-suite primary bedroom, and a walk-in closet. Both residences include upgraded fixtures and finishes, a one-car garage, and a driveway. The property has no HOA.
The duplex is located a short distance from Downtown Concord, the greenway, and Caldwell Park, which has undergone renovation. Shopping, restaurants, and outdoor recreation are also accessible from the property.
The duplex is located a short distance from Downtown Concord, the greenway, and Caldwell Park, which has undergone renovation. Shopping, restaurants, and outdoor recreation are also accessible from the property.
Key Highlights
- Two units with 3 bedrooms and 2.5 bathrooms in each
- 3,272 square feet of property area
- Built in 2026 with upgraded fixtures and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,804
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,080
$696.1K
Cap Rate 7%
$497,200
$497.2K
Cap Rate 9%
$386,711
$386.7K
Market Conditions
NOI Build-Up for 3,272 SF
Gross rent
$53.0K $16.20/SF
− Vacancy
−$3.3K −$1.00/SF
EGI
$49.7K $15.20/SF
− OpEx
−$14.9K −$4.56/SF
NOI
$34.8K $10.64/SF
Area
Concord, NC
Vacancy
6.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,080
Cap Rate 7%
$497,200
Cap Rate 9%
$386,711
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.1K – $580.1K
NOI $34,804 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 10.25%
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
404
Businesses Nearby
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Business Placement
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
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 - Two attached residences offer three-bedroom layouts, private garages, and no HOA.
Where is this duplex located?
The property is located at 302 & 304 Sycamore Ave SW Concord, NC.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Two units with 3 bedrooms and 2.5 bathrooms in each; 3,272 square feet of property area; Built in 2026 with upgraded fixtures and finishes
