Remodeled Duplex with Modern
3445/3447 Tappan Place, Charlotte, NC 28205
For Sale
$645,000
Renovated interiors include updated flooring, kitchen cabinetry, upgraded countertops, and finished bathrooms.
Property Size1,954 SF
Price / SF$426.59
Days on Market99
Property Features for 3445/3447 Tappan Place
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 093-051-17, Assessed Value: $240,600
Central Air
Central
In Kitchen
Listing ID: CAR4410998, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 39 days on market, Special Conditions: None
Driveway
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
4 total bedrooms
Built in 1954, Living area: 1512, Construction Materials: Brick Full
Subdivision: Plaza Heights, County/Parish: Mecklenburg
2 full bathrooms
Water Source: City
Crawl Space
Allowed: Yes
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel
Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
(704) 364-3300
Listed By:
Christina Rainford · License #321748
(704) 606-0436
Source:
Blackstreaminternational
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This duplex at 3445/3447 Tappan Place features extensive interior renovations, including updated flooring, refreshed kitchen cabinetry, upgraded countertops, and renovated bathrooms with contemporary details. The improvements create a cohesive, modern interior across the property. A two-car driveway provides dedicated parking and additional outdoor convenience.
Built in 1954, the property is located in Charlotte near NoDa, Plaza Midwood, and Uptown. Optimist Hall and additional restaurants are a short drive away, placing dining and entertainment destinations within convenient reach.
Built in 1954, the property is located in Charlotte near NoDa, Plaza Midwood, and Uptown. Optimist Hall and additional restaurants are a short drive away, placing dining and entertainment destinations within convenient reach.
Key Highlights
- Extensively remodeled duplex with updated finishes throughout
- Renovated kitchen with upgraded countertops and cabinetry
- Updated flooring and remodeled bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,867
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,340
$397.3K
Cap Rate 7%
$283,814
$283.8K
Cap Rate 9%
$220,744
$220.7K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$29.9K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.4K $18.77/SF
− OpEx
−$8.5K −$5.63/SF
NOI
$19.9K $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%
$397,340
Cap Rate 7%
$283,814
Cap Rate 9%
$220,744
Alternative Uses
Best Use
Multifamily LT 5
$283.8K
$248.3K – $331.1K
NOI $19,867 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$261.4K
$228.7K – $304.9K
NOI $18,295 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$503.5K
$440.6K – $587.4K
NOI $35,245 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
805
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
$410,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Charlotte, NC
Properties on Market for Duplexes in Charlotte
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated interiors include updated flooring, kitchen cabinetry, upgraded countertops, and finished bathrooms.
Where is this duplex located?
The property is located at 3445/3447 Tappan Place Charlotte, NC.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Extensively remodeled duplex with updated finishes throughout; Renovated kitchen with upgraded countertops and cabinetry; Updated flooring and remodeled bathrooms
