18-Unit Apartment
4102 Craig Avenue, Charlotte, NC 28211
For Sale
$2,950,000
Four buildings across two parcels offer a consistent one-bedroom, one-bathroom apartment layout.
Property Size11,268 SF
Price / SF$261.80
Days on Market108
Property Features for 4102 Craig Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
BnBCabins Inc
Listed By:
John Cockman
(828) 773-5493
Source:
Oprearealtygroup
Added: Jul 25
Changed: Nov 7
Last Checked: Nov 8 at 7:39PM
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 BnBCabins Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,268-square-foot apartment property comprises 18 units in four buildings on two parcels at 4102 Craig Avenue and 1401 Falcon Street. Each apartment has one bedroom and one bathroom. Interior updates include renovated kitchens and bathrooms. The buildings date to 1961.
All units are occupied except for one being kept open for showings. The property is in Charlotte’s Cotswold neighborhood.
All units are occupied except for one being kept open for showings. The property is in Charlotte’s Cotswold neighborhood.
Key Highlights
- 18 apartments, each with a one‑bedroom, one‑bathroom layout
- 11,268 square feet across four buildings
- Situated on two parcels at 4102 Craig Avenue and 1401 Falcon Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,340
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,726,800
$2.7M
Cap Rate 7%
$1,947,714
$1.9M
Cap Rate 9%
$1,514,889
$1.5M
Market Conditions
NOI Build-Up for 11,268 SF
Gross rent
$262.3K $23.28/SF
− Vacancy
−$14.4K −$1.28/SF
EGI
$247.9K $22.00/SF
− OpEx
−$111.6K −$9.90/SF
NOI
$136.3K $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%
$2,726,800
Cap Rate 7%
$1,947,714
Cap Rate 9%
$1,514,889
Alternative Uses
Best Use
Apartment 5plus
$1.95M
$1.70M – $2.27M
NOI $136,340 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,659 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 28211, NC
31,917
Population
15,061
Households
2.1
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,902
Density / Sq Mi
$130,221
Median Household Income
$66,412
Median Earnings
$1,660
Median Rent
$701,900
Median Home Value
Market
Properties on Market for Apartment buildings in Charlotte
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four buildings across two parcels offer a consistent one-bedroom, one-bathroom apartment layout.
Where is this apartment building located?
The property is located at 4102 Craig Avenue Charlotte, NC.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 18 apartments, each with a one‑bedroom, one‑bathroom layout; 11,268 square feet across four buildings; Situated on two parcels at 4102 Craig Avenue and 1401 Falcon Street
