13-Townhome Multifamily
For Sale
$1,725,000
834 Van Every St, Charlotte, NC 28205
Eleven residences are occupied, and the interiors include stone countertops, appliance packages, modern finishes, and upgraded lighting.
Property Size5,055 SF
Price / SF$341.25
Days on Market14
Property Features for 834 Van Every St
General Information
Standard status
Active
Size
5,055 SF
Property subtype
Residential Income
Additional Details
Asking Price
$7,615,000
Multifamily Units
13
Listing Agency:
Coldwell Banker Realty
(704) 541-5111
Listed By:
Samuel Grogan · License #190359
(704) 564-0220
Source:
Exprealty
Added: Oct 5
Changed: Oct 18
Last Checked: Oct 16 at 3:16PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
The portfolio contains 13 townhomes distributed among Altura Southend, Belmont, Bronson Square, and West Trade. Eleven residences are currently occupied. Interior features across the homes include appliance packages, stone countertops, contemporary finishes, and upgraded lighting.
The properties are offered as a portfolio or in four sections: three homes in Altura Southend, three in Belmont, three in Bronson Square, and four in West Trade.
The properties are offered as a portfolio or in four sections: three homes in Altura Southend, three in Belmont, three in Bronson Square, and four in West Trade.
Key Highlights
- 13 townhomes across four Charlotte communities
- 11 of the 13 residences are occupied
- Interior features include stone countertops and appliance packages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,164
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,223,280
$1.2M
Cap Rate 7%
$873,771
$873.8K
Cap Rate 9%
$679,600
$679.6K
Market Conditions
NOI Build-Up for 5,055 SF
Gross rent
$117.7K $23.28/SF
− Vacancy
−$6.5K −$1.28/SF
EGI
$111.2K $22.00/SF
− OpEx
−$50.0K −$9.90/SF
NOI
$61.2K $12.10/SF
Area
Charlotte, NC
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,223,280
Cap Rate 7%
$873,771
Cap Rate 9%
$679,600
Alternative Uses
Best Use
Apartment 5plus
$873.8K
$764.6K – $1.02M
NOI $61,164 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,833 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 28205, NC
49,600
Population
24,605
Households
2
Avg Household Size
34
Median Age
46%
College-Educated
86%
High-School Grad
11.8 sq mi
ZIP Area
4,203
Density / Sq Mi
$72,479
Median Household Income
$49,340
Median Earnings
$1,376
Median Rent
$410,800
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Eleven residences are occupied, and the interiors include stone countertops, appliance packages, modern finishes, and upgraded lighting.
Where is this multifamily property located?
The property is located at 834 Van Every St Charlotte, NC.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 13 townhomes across four Charlotte communities; 11 of the 13 residences are occupied; Interior features include stone countertops and appliance packages
