2-Unit Duplex with Fenced
For Sale
$605,000
452 Dawn Circle, Charlotte, NC 28213
Both tenant-occupied residences offer two bedrooms and two-and-a-half baths in a two-story layout.
Property Size2,836 SF
Lot Size0.40 Acres
Price / SF$213.33
Days on Market28
Property Features for 452 Dawn Circle
General Information
Standard status
Active
Size
2,836 SF
Lot size
0.40 Acres
Property subtype
Multi-Family
Occupancy
78%
Site & Location
Neighborhood
Northeast Middle & Outer
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
2024
Year Renovated
2023
Buildings
1
Listed By:
Stewart-Graham Realty
(704) 609-1321
Source:
Stewartgrahamrealty
Added: Oct 5
Changed: Oct 31
Last Checked: Nov 1 at 4:57AM
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 Stewart-Graham Realty
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Investment Insights
Based on property information with market context.
Completed in 2024, this 2,836-square-foot duplex contains two tenant-occupied residences. Each unit has two bedrooms and two-and-a-half baths arranged across two levels, with an open living area and kitchen featuring granite countertops and a large island. The upstairs bedrooms each have access to a full bath, and each residence has a private fenced backyard.
The property is near UNC Charlotte, with shopping, dining, major roadways, and Uptown Charlotte accessible from the area. There is no HOA. The duplex is also offered for purchase with 500 Dawn Circle.
The property is near UNC Charlotte, with shopping, dining, major roadways, and Uptown Charlotte accessible from the area. There is no HOA. The duplex is also offered for purchase with 500 Dawn Circle.
Key Highlights
- Built in 2024; 2,836 square feet total
- Two tenant‑occupied units, each with 2 bedrooms and 2.5 baths
- Two‑story unit layouts with open living areas and kitchens with granite countertops and large islands
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,263
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,260
$745.3K
Cap Rate 7%
$532,329
$532.3K
Cap Rate 9%
$414,033
$414.0K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$56.2K $19.80/SF
− Vacancy
−$2.9K −$1.03/SF
EGI
$53.2K $18.77/SF
− OpEx
−$16.0K −$5.63/SF
NOI
$37.3K $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%
$745,260
Cap Rate 7%
$532,329
Cap Rate 9%
$414,033
Alternative Uses
Best Use
Multifamily LT 5
$532.3K
$465.8K – $621.1K
NOI $37,263 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$490.2K
$428.9K – $571.9K
NOI $34,315 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$944.4K
$826.4K – $1.10M
NOI $66,108 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 28213, NC
47,215
Population
20,484
Households
2.3
Avg Household Size
31
Median Age
34%
College-Educated
86%
High-School Grad
14.2 sq mi
ZIP Area
3,325
Density / Sq Mi
$55,612
Median Household Income
$39,704
Median Earnings
$1,341
Median Rent
$251,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both tenant-occupied residences offer two bedrooms and two-and-a-half baths in a two-story layout.
Where is this duplex located?
The property is located at 452 Dawn Circle Charlotte, NC.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Built in 2024; 2,836 square feet total; Two tenant‑occupied units, each with 2 bedrooms and 2.5 baths; Two‑story unit layouts with open living areas and kitchens with granite countertops and large islands
