Tenant-Occupied Duplex For
5729 Brickstone Dr, Charlotte, NC 28227
For Sale
$425,000
Well-maintained duplex with one tenant-occupied unit and an updated second unit ready for new occupancy.
Property Size2,884 SF
Price / SF$147.36
Days on Market110
Property Features for 5729 Brickstone Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Tenancy
Listing Agency:
Mark Spain Real Estate
Listed By:
Erica Strong · License #246823
(704) 400-7748
Source:
Vantagerealtypros
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 7 at 3:47PM
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 Mark Spain Real Estate
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Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, including one unit that is currently tenant-occupied and producing immediate rental income. The second side has been thoughtfully updated and presents a move-in-ready, refreshed interior for a new tenant or an owner-occupant.
The property is located at 5729 Brickstone Drive in Charlotte, NC 28227. The current configuration supports straightforward occupancy planning given the mix of tenant-occupied and updated space.
As a residential income property, the duplex provides two units under one ownership structure, with recent updates concentrated on one side to support leasing and occupancy flexibility.
The property is located at 5729 Brickstone Drive in Charlotte, NC 28227. The current configuration supports straightforward occupancy planning given the mix of tenant-occupied and updated space.
As a residential income property, the duplex provides two units under one ownership structure, with recent updates concentrated on one side to support leasing and occupancy flexibility.
Key Highlights
- Duplex built in 1987
- One unit is currently tenant‑occupied, providing immediate rental income
- Second unit has been updated and is ready for new occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,216
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,320
$664.3K
Cap Rate 7%
$474,514
$474.5K
Cap Rate 9%
$369,067
$369.1K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$51.6K $17.88/SF
− Vacancy
−$4.1K −$1.43/SF
EGI
$47.5K $16.45/SF
− OpEx
−$14.2K −$4.94/SF
NOI
$33.2K $11.52/SF
Area
ZIP 28227
Vacancy
7.98%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$664,320
Cap Rate 7%
$474,514
Cap Rate 9%
$369,067
Alternative Uses
Best Use
Multifamily LT 5
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,928 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
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Business Placement
Demographics for 28227, NC
57,126
Population
23,179
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
87%
High-School Grad
40.2 sq mi
ZIP Area
1,421
Density / Sq Mi
$75,322
Median Household Income
$41,742
Median Earnings
$1,412
Median Rent
$313,900
Median Home Value
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Market
Average Price Trend$/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 - Well-maintained duplex with one tenant-occupied unit and an updated second unit ready for new occupancy.
Where is this duplex located?
The property is located at 5729 Brickstone Dr Charlotte, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex built in 1987; One unit is currently tenant‑occupied, providing immediate rental income; Second unit has been updated and is ready for new occupancy
