Duplex with Separate
New
For Sale
$650,000
6000 Gate Post Road, Charlotte, NC 28211
Two occupied homes have independent street-facing entries and share a fenced yard.
Property Size2,712 SF
Lot Size0.61 Acres
Price / SF$239.68
Days on Market3
Property Features for 6000 Gate Post Road
General Information
Standard status
Active
Size
2,712 SF
Lot size
0.61 Acres
Property subtype
Residential Income
Zoning
N1-A
Site & Location
Neighborhood
South Middle
Road Access
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
fireplace
main-level laundry
fenced yard
driveway parking
Central Air
Natural Gas
Dishwasher, Disposal, Microwave, Refrigerator
Living Room
Fenced
Driveway
Building Details
Building Size
2,712 SF
Year Built
1980
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Engel & Volkers Charlotte
Listed By:
Aralena Haynes · License #346902
(347) 749-7924
Source:
Evrealestate
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 7:10AM
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 Engel & Volkers Charlotte
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.
This 2,712-square-foot duplex on a 0.61-acre corner parcel contains two single-level homes: one with three bedrooms and two bathrooms, and the other with two bedrooms and two bathrooms. Each residence has its own entry facing a different street. Built in 1980, the property includes LVP flooring, a living room fireplace, main-level laundry, and kitchens with refrigerators, electric ranges, dishwashers, disposals, and microwaves. Exterior features include an architectural shingle roof, fenced yard, and driveway parking.
Both units are leased, with staggered lease expirations. Tenants pay utilities other than trash. The property has frontage on Gate Post Road and Rama Road, with addresses at 6000 Gate Post Road and 740 Rama Road. Providence Day School, Charlotte Preparatory School, Charlotte Christian School, SouthPark, Cotswold, and Uptown are described as minutes away; major roads in south and east Charlotte are also accessible.
Both units are leased, with staggered lease expirations. Tenants pay utilities other than trash. The property has frontage on Gate Post Road and Rama Road, with addresses at 6000 Gate Post Road and 740 Rama Road. Providence Day School, Charlotte Preparatory School, Charlotte Christian School, SouthPark, Cotswold, and Uptown are described as minutes away; major roads in south and east Charlotte are also accessible.
Key Highlights
- 0.61‑acre corner parcel with frontage on Gate Post Road and Rama Road
- 2,712 square feet with two homes: 3/2 and 2/2
- Both units are leased, with staggered expirations; tenants pay utilities except trash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,634
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,680
$712.7K
Cap Rate 7%
$509,057
$509.1K
Cap Rate 9%
$395,933
$395.9K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$53.7K $19.80/SF
− Vacancy
−$2.8K −$1.03/SF
EGI
$50.9K $18.77/SF
− OpEx
−$15.3K −$5.63/SF
NOI
$35.6K $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%
$712,680
Cap Rate 7%
$509,057
Cap Rate 9%
$395,933
Alternative Uses
Best Use
Multifamily LT 5
$509.1K
$445.4K – $593.9K
NOI $35,634 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$468.8K
$410.2K – $546.9K
NOI $32,815 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$903.1K
$790.2K – $1.05M
NOI $63,217 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 28211, NC
31,917
Population
15,061
Households
2.1
Avg Household Size
39
Median Age
69%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,902
Density / Sq Mi
$130,221
Median Household Income
$66,412
Median Earnings
$1,660
Median Rent
$701,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied homes have independent street-facing entries and share a fenced yard.
Where is this duplex located?
The property is located at 6000 Gate Post Road Charlotte, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.61‑acre corner parcel with frontage on Gate Post Road and Rama Road; 2,712 square feet with two homes: 3/2 and 2/2; Both units are leased, with staggered expirations; tenants pay utilities except trash
