5-Unit Townhome
For Sale
$2,250,000
3130-3146 Bunche Drive, Charlotte, NC 28205
Three-level layouts place a bedroom or bonus space on the entry floor, with living areas on the level above.
Property Size8,185 SF
Price / SF$274.89
Days on Market13
Property Features for 3130-3146 Bunche Drive
General Information
Standard status
Active
Size
8,185 SF
Total Parking Spaces
10
Property subtype
Residential Income
Site & Location
Neighborhood
East Inner
Road Access
Yes
Units
Unit Mix
5 x 4BR/2.5BA
Multifamily Units
5
Parking per Unit
2
Building Details
Building Size
8,185 SF
Year Built
2026
Stories
3
Units
5
Construction
townhome
Listing Agency:
Northstar Real Estate, LLC
(704) 817-2080
Listed By:
Brett Carraway · License #289414
(252) 413-7991
Source:
Breedlovefarmsestatesandland
Added: Oct 11
Changed: Oct 22
Last Checked: Oct 22 at 2:26PM
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 Northstar Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit residential property at 3130-3146 Bunche Drive comprises townhomes completed in 2026, with 8,185 square feet reported for the property. Each residence has four bedrooms, 2.5 bathrooms, a two-car garage and a three-level layout. The entry floor contains a bedroom or bonus area; the middle level holds the living, dining and kitchen spaces; and the top floor has three bedrooms and two full bathrooms. Across the development, the homes provide 20 bedrooms in total.
The property is in Charlotte, NC 28205. All five residences are offered together as a single acquisition and are not available individually.
The property is in Charlotte, NC 28205. All five residences are offered together as a single acquisition and are not available individually.
Key Highlights
- Five townhomes offered together as one property
- 8,185 square feet; built in 2026
- Four bedrooms and 2.5 bathrooms per residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,037
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,740
$2.0M
Cap Rate 7%
$1,414,814
$1.4M
Cap Rate 9%
$1,100,411
$1.1M
Market Conditions
NOI Build-Up for 8,185 SF
Gross rent
$190.5K $23.28/SF
− Vacancy
−$10.5K −$1.28/SF
EGI
$180.1K $22.00/SF
− OpEx
−$81.0K −$9.90/SF
NOI
$99.0K $12.10/SF
Area
Charlotte, NC
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,740
Cap Rate 7%
$1,414,814
Cap Rate 9%
$1,100,411
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $99,037 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.38M – $3.18M
NOI $190,794 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,132
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-level layouts place a bedroom or bonus space on the entry floor, with living areas on the level above.
Where is this apartment building located?
The property is located at 3130-3146 Bunche Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Five townhomes offered together as one property; 8,185 square feet; built in 2026; Four bedrooms and 2.5 bathrooms per residence
