9-Unit Townhome
New
For Sale
$5,085,000
3519 Holabird Lane, Charlotte, NC 28208
Two townhome buildings include established furnished mid-term rental use in several units.
Property Size2,024 SF
Price / SF$235.79
Days on Market6
Property Features for 3519 Holabird Lane
General Information
Standard status
Active
Size
2,024 SF
Property subtype
N/A
Site & Location
Neighborhood
West Inner
Additional Details
Multifamily Units
9
Amenities
rooftop terrace
Architectural Shingle
Public Sewer
Additional parcels description:, Parcel Number: 11504129 ; 11504128 ; 11504127 ; 11504126, Assessed Value: $332,400
Tile, Vinyl
Central Air, Electric
Central, Electric, Heat Pump
Listing ID: CAR4426812, Standard Status: Active, MLS Status: Active, Property Subtype: N/A, 4 days on market, Special Conditions: None
Other Parking: 2 Car garage for each unit plus street parking available, Attached Garage
Built in 2024, Living area: 21566, 2 buildings, Construction Materials: Brick Partial, Fiber Cement, Stone
County/Parish: Mecklenburg
Water Source: City
Slab
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Patio/Porch Features: Terrace
Dishwasher, Electric Range, Microwave, Refrigerator
Building Details
Building Size
2,024 SF
Year Built
2024
Buildings
2
Listing Agency:
EXP Realty LLC Ballantyne
(704) 248-8230
Listed By:
Rory Cummins · License #271845
(704) 622-4865
Source:
Blackstreaminternational
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 4:05PM
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 EXP Realty LLC Ballantyne
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Investment Insights
Based on property information with market context.
This Charlotte portfolio brings together nine townhomes in two buildings, one with five units and the other with four. The unit mix comprises five three-bedroom homes and four four-bedroom homes, each with three full bathrooms and a two-car garage. Completed in 2024, the residences feature open layouts, quartz countertops, stainless steel appliances, luxury vinyl plank flooring, tile bathrooms, dual electric heat pump systems, and rooftop terraces finished with artificial turf. Overflow parking is also available.
Several homes are furnished for mid-term rental use, and some four-bedroom units have operated as short-term rentals. The portfolio is offered together, with the five-unit and four-unit buildings also available separately. The properties are at 3503, 3507, 3511, 3515, and 3519 Holabird Lane, and 4004, 4008, 4012, and 4016 Arvida Lane in Charlotte, North Carolina.
Several homes are furnished for mid-term rental use, and some four-bedroom units have operated as short-term rentals. The portfolio is offered together, with the five-unit and four-unit buildings also available separately. The properties are at 3503, 3507, 3511, 3515, and 3519 Holabird Lane, and 4004, 4008, 4012, and 4016 Arvida Lane in Charlotte, North Carolina.
Key Highlights
- Nine townhomes across one five‑unit building and one four‑unit building
- Five 3‑bedroom homes and four 4‑bedroom homes; each has 3 full bathrooms
- Completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,944
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,218,880
$5.2M
Cap Rate 7%
$3,727,771
$3.7M
Cap Rate 9%
$2,899,378
$2.9M
Market Conditions
NOI Build-Up for 21,566 SF
Gross rent
$502.1K $23.28/SF
− Vacancy
−$27.6K −$1.28/SF
EGI
$474.4K $22.00/SF
− OpEx
−$213.5K −$9.90/SF
NOI
$260.9K $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%
$5,218,880
Cap Rate 7%
$3,727,771
Cap Rate 9%
$2,899,378
Alternative Uses
Best Use
Apartment 5plus
$3.73M
$3.26M – $4.35M
NOI $260,944 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.18M
$6.28M – $8.38M
NOI $502,707 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two townhome buildings include established furnished mid-term rental use in several units.
Where is this multifamily property located?
The property is located at 3519 Holabird Lane Charlotte, NC.
What is the asking price?
The asking price for this property is $5,085,000.
What are key features of this property?
This property features: Nine townhomes across one five‑unit building and one four‑unit building; Five 3‑bedroom homes and four 4‑bedroom homes; each has 3 full bathrooms; Completed in 2024
