Two-Unit Duplex with Back
For Sale
$385,000
4809 Malibu Drive, Charlotte, NC 28215
Both residences have two bedrooms, one bathroom, an eat-in kitchen, and a family room.
Property Size1,634 SF
Price / SF$235.62
Days on Market181
Property Features for 4809 Malibu Drive
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Middle & Outer
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
large back porch
laundry area
Building Details
Building Size
1,634 SF
Year Built
1965
Listing Agency:
Lifestyle International Realty
Listed By:
Andrea Jones
Source:
Guerra-realty
Added: May 3
Changed: Oct 27
Last Checked: Oct 27 at 3:42AM
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 Lifestyle International Realty
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Investment Insights
Based on property information with market context.
This duplex contains two residences at 4809 and 4811 Malibu Drive, with 1,634 square feet and a 1965 construction date. Each unit has two bedrooms, one full bathroom, an eat-in kitchen, and a family room. Both also include a large back porch and a laundry area in a storage room on the rear deck. Driveways provide access to each front entrance. The property is offered as-is, with no seller repairs planned. Recent work includes interior painting, updated kitchen and hallway light fixtures, and exterior trim and door painting, along with pressure washing of accessible exterior areas.
Unit 4809 is occupied, while 4811 is vacant. The property is in Charlotte’s 28215 ZIP code, minutes from UNC Charlotte and I-485.
Unit 4809 is occupied, while 4811 is vacant. The property is in Charlotte’s 28215 ZIP code, minutes from UNC Charlotte and I-485.
Key Highlights
- Two residences at 4809 and 4811 Malibu Drive
- 1,634 square feet; built in 1965
- Each unit has 2 bedrooms, 1 full bath, an eat‑in kitchen, and a family room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,945
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,900
$378.9K
Cap Rate 7%
$270,643
$270.6K
Cap Rate 9%
$210,500
$210.5K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$29.4K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$27.1K $16.56/SF
− OpEx
−$8.1K −$4.97/SF
NOI
$18.9K $11.59/SF
Area
ZIP 28215
Vacancy
7.98%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,900
Cap Rate 7%
$270,643
Cap Rate 9%
$210,500
Alternative Uses
Best Use
Multifamily LT 5
$270.6K
$236.8K – $315.8K
NOI $18,945 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$247.0K
$216.1K – $288.1K
NOI $17,287 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$514.3K
$450.0K – $600.0K
NOI $36,000 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Explore this area
Business Placement
Demographics for 28215, NC
61,842
Population
25,350
Households
2.4
Avg Household Size
35
Median Age
31%
College-Educated
84%
High-School Grad
28.9 sq mi
ZIP Area
2,140
Density / Sq Mi
$66,065
Median Household Income
$37,904
Median Earnings
$1,349
Median Rent
$273,800
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 residences have two bedrooms, one bathroom, an eat-in kitchen, and a family room.
Where is this duplex located?
The property is located at 4809 Malibu Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two residences at 4809 and 4811 Malibu Drive; 1,634 square feet; built in 1965; Each unit has 2 bedrooms, 1 full bath, an eat‑in kitchen, and a family room
