Brick Duplex with Updated
For Sale
$625,000
6834 Woodstream Drive, Charlotte, NC 28210
Two residences provide two bedrooms, one bath, private entrances, and designated off-street parking.
Property Size1,759 SF
Price / SF$355.32
Days on Market13
Property Features for 6834 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
private entrances
off-street parking
designated driveways
Size: 0.36, Size Units: Acres
Description: Architectural Shingle
Description: Back Yard, Fenced
Garage Spaces: 0, Man Level Garage: 0
Details: Central Air
Heating: Central
Description: In Unit, Utility Room
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, Year Built: 1961, Construction Type: Site Built
City: Charlotte, State: NC, Zip: 28210, County: Mecklenburg, Subdivision: Starmount
Full Bathrooms: 2
Sewer: Public Sewer, Water Source: City
Description: Yes
Auction Y/N: 0
Description: Dishwasher, Electric Range, Refrigerator
Building Details
Building Size
1,759 SF
Year Built
1961
Buildings
1
Construction
brick
Listing Agency:
Diaz Realty & Investments, LLC
(704) 930-9741
Listed By:
Ashley Diaz De Los Santos
(704) 930-9741
Source:
Blackstreaminternational
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 30 at 5:40PM
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 brick duplex contains two residential units, each arranged with two bedrooms and one bathroom. Both residences have private entrances, designated driveways, and off-street parking. Interior improvements include updated kitchen and bathroom finishes, refreshed flooring, contemporary fixtures, and bright living areas. The combined property size is 1,759, and the building was constructed in 1961.
The property is in Charlotte’s Starmount neighborhood, with access to SouthPark Mall, shopping, dining, banking, major employers, I-77, and public transportation. Its location also provides connectivity to Uptown Charlotte and surrounding areas. The two-unit configuration supports rental use or an owner-occupant arrangement, as described in the property information.
The property is in Charlotte’s Starmount neighborhood, with access to SouthPark Mall, shopping, dining, banking, major employers, I-77, and public transportation. Its location also provides connectivity to Uptown Charlotte and surrounding areas. The two-unit configuration supports rental use or an owner-occupant arrangement, as described in the property information.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bath in each residence
- Brick construction with updated kitchens, bathrooms, flooring, and fixtures
- Private entrances, designated driveways, and off‑street parking
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
403
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 - Two residences provide two bedrooms, one bath, private entrances, and designated off-street parking.
Where is this duplex located?
The property is located at 6834 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 2 bedrooms and 1 bath in each residence; Brick construction with updated kitchens, bathrooms, flooring, and fixtures; Private entrances, designated driveways, and off‑street parking
