Two-Unit Brick
7428 Briardale Drive, Charlotte, NC 28212
For Sale
New
$399,000
Separate entrances and driveways serve two self-contained residences with in-unit laundry.
Property Size1,962 SF
Lot Size0.31 Acres
Price / SF$244.79
Days on Market6
Property Features for 7428 Briardale Drive
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Multifamily Units
Amenities
in-unit washer/dryer
private entrance
private driveway
Level, Sloped
Composition
Public Sewer
Additional parcels description:, Parcel Number: 16511108, Assessed Value: $266,000
Central Air
Forced Air
In Kitchen
Listing ID: CAR4440230, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 1 day on market, Special Conditions: None
2 open parking spaces, Driveway, Parking Space(s)
Elementary School: Piney Grove, Middle School: Albemarle Road, High School: Butler
4 total bedrooms
Built in 1962, Living area: 1630, Construction Materials: Brick Full
Subdivision: Idlewild South, County/Parish: Mecklenburg
2 full bathrooms
Water Source: City
Crawl Space
Allowed: Conditional
Road Responsibility: Publicly Maintained Road, Road Surface: Asphalt, Paved
Electric Oven, Electric Range, Refrigerator, Washer/Dryer
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Howard Hanna Allen Tate Albemarle
Listed By:
Carla Weyrick
(704) 564-5585
Source:
Blackstreaminternational
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 2:18PM
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 Howard Hanna Allen Tate Albemarle
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Investment Insights
Based on property information with market context.
This 1,630-square-foot brick duplex contains two independent residences, each with its own entrance and private driveway. Both units have hardwood and luxury vinyl plank flooring, in-unit washers and dryers, and kitchens equipped with a refrigerator, stove, and microwave. The property was built in 1962 and occupies a 0.31-acre parcel.
The duplex is in East Charlotte, just off E. Independence Blvd. Mason Wallace Park, dining, shopping, and everyday essentials are nearby, and Uptown Charlotte is accessible for commuting.
The duplex is in East Charlotte, just off E. Independence Blvd. Mason Wallace Park, dining, shopping, and everyday essentials are nearby, and Uptown Charlotte is accessible for commuting.
Key Highlights
- Two self‑contained units in a 1,630‑square‑foot brick duplex
- 0.31‑acre parcel
- Separate private entrance and driveway for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,417
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,340
$428.3K
Cap Rate 7%
$305,957
$306.0K
Cap Rate 9%
$237,967
$238.0K
Market Conditions
NOI Build-Up for 1,630 SF
Gross rent
$32.3K $19.80/SF
− Vacancy
−$1.7K −$1.03/SF
EGI
$30.6K $18.77/SF
− OpEx
−$9.2K −$5.63/SF
NOI
$21.4K $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%
$428,340
Cap Rate 7%
$305,957
Cap Rate 9%
$237,967
Alternative Uses
Best Use
Multifamily LT 5
$306.0K
$267.7K – $357.0K
NOI $21,417 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$281.8K
$246.5K – $328.7K
NOI $19,723 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$542.8K
$475.0K – $633.3K
NOI $37,996 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
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
$236,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Separate entrances and driveways serve two self-contained residences with in-unit laundry.
Where is this duplex located?
The property is located at 7428 Briardale Drive Charlotte, NC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two self‑contained units in a 1,630‑square‑foot brick duplex; 0.31‑acre parcel; Separate private entrance and driveway for each residence
