Updated Two-Unit
New
For Sale
$625,000
6610 Woodstream Drive, Charlotte, NC 28210
Each residence includes two bedrooms, one bathroom, and refreshed interior finishes.
Property Size1,759 SF
Price / SF$355.32
Days on Market6
Property Features for 6610 Woodstream Drive
General Information
Standard status
Active
Size
1,759 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
Features: Level, Size: 0.26, Dimensions: 11,326, Size Units: Acres
Description: Architectural Shingle
Description: Back Yard, Fenced, Front Yard
Garage Spaces: 0, Man Level Garage: 0
Details: Central Air
Heating: Central
Description: Laundry Closet
Days on Market: 1, Listing Price: 625000, Status: Active
Elementary: Unspecified, Middle/Junior High: Unspecified, High School: Unspecified
Total Bathrooms: 4
Finished Area Above Grade: 1759, Area: 1759, Building Area: 1759, Construction Materials: Brick Full, Stories: 1, Year Built: 1961, Construction Type: Site Built
City: Charlotte, State: NC, Zip: 28210, County: Mecklenburg, Subdivision: Starmount
Full Bathrooms: 2, Half Bathrooms: 0
Sewer: Public Sewer, Water Source: City, Utilities: Natural Gas
Description: Yes
Auction Y/N: 0
Description: Dishwasher, Electric Range, Refrigerator
Building Details
Building Size
1,759 SF
Year Built
1961
Buildings
1
Listing Agency:
Diaz Realty & Investments, LLC
(704) 930-9741
Listed By:
Ashley Diaz De Los Santos
(704) 930-9741
Source:
Blackstreaminternational
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 22 at 4:24AM
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 Diaz Realty & Investments, LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,759 square feet. Each side offers two bedrooms and one bathroom, along with updated kitchens, bathrooms, flooring, fixtures, and bright living areas. The improvements provide a clean, functional residential configuration suited to separate occupancy of each unit.
Built in 1961, the property is located at 6610 Woodstream Drive in Charlotte. SouthPark Mall, major employers, shopping, dining, banking, I-77, and public transportation are nearby, with connections to Uptown Charlotte and surrounding areas.
Built in 1961, the property is located at 6610 Woodstream Drive in Charlotte. SouthPark Mall, major employers, shopping, dining, banking, I-77, and public transportation are nearby, with connections to Uptown Charlotte and surrounding areas.
Key Highlights
- Two‑unit duplex with 1,759 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Updated kitchens and bathrooms in both units
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
$23,112
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
3.70%
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%
$462,240
$462.2K
Cap Rate 7%
$330,171
$330.2K
Cap Rate 9%
$256,800
$256.8K
Market Conditions
NOI Build-Up for 1,759 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
$34.8K $19.80/SF
− Vacancy
−$1.8K −$1.03/SF
EGI
$33.0K $18.77/SF
− OpEx
−$9.9K −$5.63/SF
NOI
$23.1K $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 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%
$462,240
Cap Rate 7%
$330,171
Cap Rate 9%
$256,800
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,112 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$304.1K
$266.1K – $354.7K
NOI $21,284 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$585.8K
$512.5K – $683.4K
NOI $41,003 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 28210, NC
46,843
Population
22,376
Households
2.1
Avg Household Size
37
Median Age
60%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
3,778
Density / Sq Mi
$94,145
Median Household Income
$54,965
Median Earnings
$1,444
Median Rent
$486,000
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 - Each residence includes two bedrooms, one bathroom, and refreshed interior finishes.
Where is this duplex located?
The property is located at 6610 Woodstream Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,759 square feet; Each unit includes 2 bedrooms and 1 bathroom; Updated kitchens and bathrooms in both units
