Proposed Construction
For Sale
$680,000
7014 Ware Rd, Charlotte, NC 28212
Two-unit residential property with open interiors, private primary suites, and covered front porches.
Property Size3,010 SF
Price / SF$225.91
Days on Market86
Property Features for 7014 Ware Rd
General Information
Standard status
Active
Size
3,010 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
JCB Urban Company
Listed By:
Brant McConkey
(704) 334-2927
Source:
Highperformancerea
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 3:10PM
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 JCB Urban Company
Investment Insights
Based on property information with market context.
Planned for 2026, this duplex will provide two separately arranged residences, each measuring 1,523 square feet. The interiors are designed around open living areas, with kitchens featuring granite countertops and center islands. Each unit includes three bedrooms, including a primary suite with dual vanities and two closets. A Jack-and-Jill bathroom serves the additional bedrooms, while covered front porches and rear outdoor storage closets extend the usable space. Fiber cement siding and other low-maintenance materials are specified for the exterior.
The proposed property is located at 7014 Ware Rd in Charlotte, North Carolina. No HOA is associated with the project, giving the property a straightforward ownership structure for an owner-occupant or residential rental operator. The planned layout combines private bedroom accommodations with shared entertaining space in each unit.
The proposed property is located at 7014 Ware Rd in Charlotte, North Carolina. No HOA is associated with the project, giving the property a straightforward ownership structure for an owner-occupant or residential rental operator. The planned layout combines private bedroom accommodations with shared entertaining space in each unit.
Key Highlights
- Proposed 2026 duplex construction at 7014 Ware Rd, Charlotte, NC 28212
- Each unit contains 1,523 square feet with three bedrooms
- Granite kitchen countertops and large center islands in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,549
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,980
$791.0K
Cap Rate 7%
$564,986
$565.0K
Cap Rate 9%
$439,433
$439.4K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$59.6K $19.80/SF
− Vacancy
−$3.1K −$1.03/SF
EGI
$56.5K $18.77/SF
− OpEx
−$16.9K −$5.63/SF
NOI
$39.5K $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%
$790,980
Cap Rate 7%
$564,986
Cap Rate 9%
$439,433
Alternative Uses
Best Use
Multifamily LT 5
$565.0K
$494.4K – $659.2K
NOI $39,549 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$520.3K
$455.3K – $607.0K
NOI $36,420 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.00M
$877.1K – $1.17M
NOI $70,164 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 28212, NC
41,009
Population
17,417
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
78%
High-School Grad
9.2 sq mi
ZIP Area
4,458
Density / Sq Mi
$51,530
Median Household Income
$35,596
Median Earnings
$1,274
Median Rent
$236,300
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 - Two-unit residential property with open interiors, private primary suites, and covered front porches.
Where is this duplex located?
The property is located at 7014 Ware Rd Charlotte, NC.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Proposed 2026 duplex construction at 7014 Ware Rd, Charlotte, NC 28212; Each unit contains 1,523 square feet with three bedrooms; Granite kitchen countertops and large center islands in both units
