Brick
New
For Sale
$395,000
4926 Malibu Drive, Charlotte, NC 28215
Two mirrored residences each provide two bedrooms and one full bathroom.
Property Size1,967 SF
Price / SF$202.56
Days on Market7
Property Features for 4926 Malibu Drive
General Information
Standard status
Active
Size
1,967 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 097-186-32, Assessed Value: $255,100
Central Air
Central
Main Level
Listing ID: CAR4430912, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 3 days on market, Special Conditions: None
Driveway
Elementary School: Briarwood, Middle School: Martin Luther King Jr, High School: Garinger
4 total bedrooms
Built in 1967, Living area: 1950, Construction Materials: Brick Full
Subdivision: Lake Plaza, County/Parish: Mecklenburg
2 full bathrooms
Water Source: City
Crawl Space
Allowed: Yes
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete
Building Details
Building Size
1,967 SF
Year Built
1967
Construction
all-brick
Listing Agency:
EXP Realty LLC Ballantyne
(704) 248-8230
Listed By:
Angie Castro · License #327991
(704) 318-5494
Source:
Blackstreaminternational
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 2:47PM
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 EXP Realty LLC Ballantyne
Investment Insights
Based on property information with market context.
This 1,950-square-foot brick duplex, built in 1967, contains two residences with the same layout: two bedrooms and one full bathroom apiece. The configuration provides separate living spaces within one property.
The property is located on Malibu Drive in Charlotte, near Plaza Midwood and within reach of dining, shopping, entertainment, and major roads.
The property is located on Malibu Drive in Charlotte, near Plaza Midwood and within reach of dining, shopping, entertainment, and major roads.
Key Highlights
- 1,950‑square‑foot duplex built in 1967
- Two residences, each with 2 bedrooms and 1 full bathroom
- Brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,609
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
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
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 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
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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
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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 mirrored residences each provide two bedrooms and one full bathroom.
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: 1,950‑square‑foot duplex built in 1967; Two residences, each with 2 bedrooms and 1 full bathroom; Brick construction
