Two-Unit
New
For Sale
$610,000
500 Dawn Circle, Charlotte, NC 28213
One residence is vacant, while the other is occupied and generating rental income.
Property Size2,830 SF
Price / SF$215.55
Days on Market2
Property Features for 500 Dawn Circle
General Information
Standard status
Active
Size
2,830 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2.5BA
Multifamily Units
2
Building Details
Year Built
2024
Listed By:
David Upchurch
(704) 815-6995
Source:
Carolinahomeclick
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 5 at 3:06PM
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 David Upchurch
Investment Insights
Based on property information with market context.
This 2,830-square-foot duplex contains two two-story residences, each with two bedrooms and 2.5 baths. The main floor in each home combines the living area and kitchen, with granite counters and a large island; both bedrooms are upstairs, each paired with a full bath. Fencing separates private backyard areas for the two units. One residence is vacant and available for showings, while the other is tenant-occupied. The property has no HOA.
In Charlotte, the duplex is near UNC Charlotte, with shopping, dining, major roadways, and Uptown Charlotte also accessible from the area.
In Charlotte, the duplex is near UNC Charlotte, with shopping, dining, major roadways, and Uptown Charlotte also accessible from the area.
Key Highlights
- 2,830 SF duplex with two separate residences
- Each unit has 2 bedrooms, 2.5 baths, and a two‑story floor plan
- One unit is vacant; the other is tenant‑occupied and producing rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,184
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,680
$743.7K
Cap Rate 7%
$531,200
$531.2K
Cap Rate 9%
$413,156
$413.2K
Market Conditions
NOI Build-Up for 2,830 SF
Gross rent
$56.0K $19.80/SF
− Vacancy
−$2.9K −$1.03/SF
EGI
$53.1K $18.77/SF
− OpEx
−$15.9K −$5.63/SF
NOI
$37.2K $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%
$743,680
Cap Rate 7%
$531,200
Cap Rate 9%
$413,156
Alternative Uses
Best Use
Multifamily LT 5
$531.2K
$464.8K – $619.7K
NOI $37,184 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$489.2K
$428.0K – $570.7K
NOI $34,242 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$942.4K
$824.6K – $1.10M
NOI $65,968 @ 7.0% cap · market cap 10.81%
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
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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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 - One residence is vacant, while the other is occupied and generating rental income.
Where is this duplex located?
The property is located at 500 Dawn Circle Charlotte, NC.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 2,830 SF duplex with two separate residences; Each unit has 2 bedrooms, 2.5 baths, and a two‑story floor plan; One unit is vacant; the other is tenant‑occupied and producing rental income
