All-Brick
For Sale
$395,000
4926 Malibu Drive, Charlotte, NC 28215
Two-unit residential property with matching layouts and access to dining, shopping, entertainment, and major roads.
Property Size1,950 SF
Price / SF$202.56
Days on Market10
Property Features for 4926 Malibu Drive
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Apartment
Additional Details
Multifamily Units
2
Amenities
Size: 0.22, Size Units: Acres
Man Level Garage: 0
Details: Central Air
Heating: Central
Description: None
Days on Market: 0, Listing Price: 395000, Status: Active
Elementary: Briarwood, Middle/Junior High: Martin Luther King Jr, High School: Garinger
Total Bathrooms: 4
Finished Area Above Grade: 1950, Area: 1950, Building Area: 1950, Construction Materials: Brick Full, Stories: 1, Year Built: 1967, Construction Type: Site Built
City: Charlotte, State: NC, Zip: 28215, County: Mecklenburg, Subdivision: Lake Plaza
Full Bathrooms: 2
Sewer: Public Sewer, Water Source: City
Description: Yes
Auction Y/N: 0
Description: Refrigerator
Building Details
Building Size
1,950 SF
Year Built
1967
Construction
all-brick
Listing Agency:
Monarch Group Realty
(704) 318-5494
Listed By:
Angie Castro
(704) 318-5494
Source:
Blackstreaminternational
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 9:39AM
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 Monarch Group Realty
Investment Insights
Based on property information with market context.
This 1,950-square-foot duplex contains two separate residences, each arranged with 2 bedrooms and 1 full bath. The all-brick building was constructed in 1967 and offers a straightforward configuration for residential income use or an owner-occupant arrangement.
The property is located in Charlotte near Plaza Midwood, with dining, shopping, entertainment, and major roads identified in the surrounding area. The layout supports living in one unit while leasing the other, subject to applicable requirements.
The property is located in Charlotte near Plaza Midwood, with dining, shopping, entertainment, and major roads identified in the surrounding area. The layout supports living in one unit while leasing the other, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bath on each side
- 1,950 square feet of building area
- All‑brick construction
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
$22,609
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
5.72%
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%
$452,180
$452.2K
Cap Rate 7%
$322,986
$323.0K
Cap Rate 9%
$251,211
$251.2K
Market Conditions
NOI Build-Up for 1,950 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
$35.1K $18.00/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$32.3K $16.56/SF
− OpEx
−$9.7K −$4.97/SF
NOI
$22.6K $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 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%
$452,180
Cap Rate 7%
$322,986
Cap Rate 9%
$251,211
Alternative Uses
Best Use
Multifamily LT 5
$323.0K
$282.6K – $376.8K
NOI $22,609 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$294.7K
$257.9K – $343.9K
NOI $20,631 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$613.7K
$537.0K – $716.0K
NOI $42,962 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
515
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with matching layouts and access to dining, shopping, entertainment, and major roads.
Where is this duplex located?
The property is located at 4926 Malibu Drive 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 with 2 bedrooms and 1 full bath on each side; 1,950 square feet of building area; All‑brick construction
