Duplex with Private
For Sale
$395,000
4115 Tresevant Ave, Charlotte, NC 28208
Two separate residences offer flexible occupancy options with distinct one- and two-story?
Property Size1,519 SF
Price / SF$260.04
Days on Market10
Property Features for 4115 Tresevant Ave
General Information
Standard status
Active
Size
1,519 SF
Property subtype
Multi-Family
Building Details
Year Built
1951
Listed By:
David Upchurch
(704) 815-6995
Source:
Carolinahomeclick
Added: Sep 15
Changed: Sep 23
Last Checked: Sep 22 at 4:24PM
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 David Upchurch
Investment Insights
Based on property information with market context.
This duplex contains two independent residences, each with a private entrance and functional layout. One unit includes two bedrooms and one bathroom, while the other provides three bedrooms and one bathroom. The configuration supports separate occupancy within one property and can accommodate an owner-occupant arrangement or continued rental use.
Built in 1951, the property occupies .25 acres in Charlotte. Major highways, the airport, shopping, and dining are nearby, while new construction is taking place in the surrounding area.
Built in 1951, the property occupies .25 acres in Charlotte. Major highways, the airport, shopping, and dining are nearby, while new construction is taking place in the surrounding area.
Key Highlights
- Two‑unit duplex on .25 acres
- One unit offers 2 bedrooms and 1 bath
- Second unit includes 3 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,959
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$399,180
$399.2K
Cap Rate 7%
$285,129
$285.1K
Cap Rate 9%
$221,767
$221.8K
Market Conditions
NOI Build-Up for 1,519 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.1K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$28.5K $18.77/SF
− OpEx
−$8.6K −$5.63/SF
NOI
$20.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$399,180
Cap Rate 7%
$285,129
Cap Rate 9%
$221,767
Alternative Uses
Best Use
Multifamily LT 5
$285.1K
$249.5K – $332.7K
NOI $19,959 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$262.6K
$229.8K – $306.3K
NOI $18,380 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$505.8K
$442.6K – $590.1K
NOI $35,408 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
615
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy options with distinct one- and two-story?
Where is this duplex located?
The property is located at 4115 Tresevant Ave Charlotte, NC.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex on .25 acres; One unit offers 2 bedrooms and 1 bath; Second unit includes 3 bedrooms and 1 bath
