2-Unit New Construction
Lot 49 Key Street #49, Charlotte, NC 28208
For Sale
$625,000
Each residence features an open main-level layout and a kitchen with stainless steel appliances.
Property Size2,026 SF
Price / SF$245.77
Days on Market22
Property Features for Lot 49 Key Street #49
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Amenities
Infill Lot
Composition
Public Sewer
Additional parcels description:, Parcel Number: 06308415, Assessed Value: $145,900
Central Air
Central
In Unit, Main Level
Listing ID: CAR4436037, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 1 day on market, Special Conditions: None
4 open parking spaces, Driveway
Elementary School: Thomasboro, Middle School: Thomasboro, High School: West Charlotte
6 total bedrooms
Built in 2026, Living area: 2543, Construction Materials: Vinyl
County/Parish: Mecklenburg
4 full bathrooms, 2 half bathrooms
Cable Available, Electricity Connected, Water Source: City
Crawl Space
All Utilities, Other - See Remarks
Allowed: Yes
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Smoke Detector(s)
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave
Building Details
Building Size
Year Built
Buildings
Listing Agency:
CEDAR REALTY LLC
(704) 453-2650
Listed By:
Brandon Chase · License #249103
(704) 305-4178
Source:
Blackstreaminternational
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 6:38AM
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 CEDAR REALTY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Under construction in Charlotte, this duplex pairs two side-by-side residences in one building. Each home has 3 bedrooms, 2.5 baths, an open main-level living area, and a kitchen with stainless steel appliances. The combined area is 2,543 square feet, with new-construction finishes throughout; completion is identified as 2026.
The property offers access to I-77, I-85, Uptown, and Charlotte Douglas Airport. A 1-year craftsmanship warranty is included.
The property offers access to I-77, I-85, Uptown, and Charlotte Douglas Airport. A 1-year craftsmanship warranty is included.
Key Highlights
- Two side‑by‑side residences in one building, totaling 2,543 square feet
- Each unit has 3 bedrooms and 2.5 baths
- Open main‑level living areas and kitchens with stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,413
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,260
$668.3K
Cap Rate 7%
$477,329
$477.3K
Cap Rate 9%
$371,256
$371.3K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$50.4K $19.80/SF
− Vacancy
−$2.6K −$1.03/SF
EGI
$47.7K $18.77/SF
− OpEx
−$14.3K −$5.63/SF
NOI
$33.4K $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%
$668,260
Cap Rate 7%
$477,329
Cap Rate 9%
$371,256
Alternative Uses
Best Use
Multifamily LT 5
$477.3K
$417.7K – $556.9K
NOI $33,413 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$439.6K
$384.6K – $512.8K
NOI $30,770 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,278 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
270
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
$198,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Charlotte, NC
Properties on Market for Duplexes in Charlotte
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence features an open main-level layout and a kitchen with stainless steel appliances.
Where is this duplex located?
The property is located at Lot 49 Key Street #49 Charlotte, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two side‑by‑side residences in one building, totaling 2,543 square feet; Each unit has 3 bedrooms and 2.5 baths; Open main‑level living areas and kitchens with stainless steel appliances
