Three-Unit Townhome
New
For Sale
$1,214,000
3304-3312 Meredith Avenue, Charlotte, NC 28208
Three newly built homes with private fenced yards and no HOA provide a distinct residential investment offering.
Property Size2,026 SF
Price / SF$278.50
Days on Market4
Property Features for 3304-3312 Meredith Avenue
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Triplex
Site & Location
Neighborhood
West Inner
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 061-054-01, Assessed Value: $230,400
1 space
Central Air
Central
Electric Dryer Hookup, Laundry Closet, Washer Hookup
Listing ID: CAR4438353, Standard Status: Active, MLS Status: Active, Property Subtype: Triplex, 1 day on market, Special Conditions: None
Attached Garage
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
3 total bedrooms
Built in 2026, Living area: 4359, Construction Materials: Fiber Cement
County/Parish: Mecklenburg
2 full bathrooms, 1 half bathroom
Water Source: City
Slab
Allowed: Yes
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete
Electric Range, Microwave
Building Details
Building Size
2,026 SF
Year Built
2026
Listing Agency:
Costello Real Estate and Investments LLC
(980) 938-8920
Listed By:
Jasmine Swaggard
(859) 866-1069
Source:
Blackstreaminternational
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:36PM
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 Costello Real Estate and Investments 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 package at 3304-3312 Meredith Avenue includes three newly constructed townhomes, each with 3 bedrooms, 2.5 bathrooms and a private fenced yard. Interior finishes include quartz countertops, tiled showers, LVP flooring and new stainless-steel appliances; the homes have Hardie board siding. The properties were built in 2026, and there is no HOA.
The homes are in Charlotte’s Ashley Park area, minutes from CLT Airport, Uptown Charlotte, shopping, dining and major employment centers. Together, the three residences offer a defined multifamily configuration in an area with access to those destinations.
The homes are in Charlotte’s Ashley Park area, minutes from CLT Airport, Uptown Charlotte, shopping, dining and major employment centers. Together, the three residences offer a defined multifamily configuration in an area with access to those destinations.
Key Highlights
- Three townhomes at 3304‑3312 Meredith Avenue
- Each home has 3 bedrooms and 2.5 bathrooms
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,274
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,145,480
$1.1M
Cap Rate 7%
$818,200
$818.2K
Cap Rate 9%
$636,378
$636.4K
Market Conditions
NOI Build-Up for 4,359 SF
Gross rent
$86.3K $19.80/SF
− Vacancy
−$4.5K −$1.03/SF
EGI
$81.8K $18.77/SF
− OpEx
−$24.5K −$5.63/SF
NOI
$57.3K $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 Rate 5%
$1,145,480
Cap Rate 7%
$818,200
Cap Rate 9%
$636,378
Alternative Uses
Best Use
Multifamily LT 5
$818.2K
$715.9K – $954.6K
NOI $57,274 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$753.5K
$659.3K – $879.1K
NOI $52,743 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,609 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
534
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
Frequently Asked Questions
What type of property is this?
Triplex - Three newly built homes with private fenced yards and no HOA provide a distinct residential investment offering.
Where is this triplex located?
The property is located at 3304-3312 Meredith Avenue Charlotte, NC.
What is the asking price?
The asking price for this property is $1,214,000.
What are key features of this property?
This property features: Three townhomes at 3304‑3312 Meredith Avenue; Each home has 3 bedrooms and 2.5 bathrooms; Built in 2026
