Two-Unit
New
For Sale
$625,000
Key Street lot 49, Charlotte, NC 28208
Residential Income, Charlotte, NC
Property Size2,543 SF
Lot Size0.17 Acres
Price / SF$245.77
Days on Market2
Property Features for Key Street lot 49
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
N1-C
Bedrooms
6
Bathrooms
3
Full bathrooms
4
Half bathrooms
2
Rooms
Laundry Room, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Dining Room
Parking features
Driveway
Pets allowed
Yes
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave
Lot features
Infill Lot
Elementary school
Thomasboro
Middle school
Thomasboro
High school
West Charlotte
Directions
GPS USE 723 Key Street, Charlotte, NC 28208 FOR DIRECTIONS
Standard status
Active
APN
06308415
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
L49 & 50 M75-950
Legal Description
L49 & 50 M75-950
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
CEDAR REALTY LLC
(704) 453-2650
Listed By:
Brandon Chase
(704) 305-4178
Added: Oct 19
Last Checked: Oct 20 at 12:06AM
MLS# 4436037
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Under construction in Charlotte, this duplex contains two side-by-side residences totaling 2,543 square feet. Each home has three bedrooms, two-and-a-half bathrooms, an open main-level living and kitchen area, and stainless steel appliances. The property sits on a 0.17-acre lot and is expected to be built in 2026.
Central heating and air conditioning, driveway parking, public sewer, and cable availability are included among the property features. Access to I-77, I-85, Uptown, and Charlotte Douglas Airport is noted. A one-year craftsmanship warranty is included.
Central heating and air conditioning, driveway parking, public sewer, and cable availability are included among the property features. Access to I-77, I-85, Uptown, and Charlotte Douglas Airport is noted. A one-year craftsmanship warranty is included.
Key Highlights
- Two residences in one duplex, with 2,543 square feet total
- Each residence has 3 bedrooms and 2.5 baths
- 0.17‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,413
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$668,260
$668.3K
Cap Rate 7%
$477,329
$477.3K
Cap Rate 9%
$371,256
$371.3K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$50.4K $19.80/SF
− Vacancy
−$2.6K −$1.03/SF
EGI
$47.7K $18.77/SF
− OpEx
−$14.3K −$5.63/SF
NOI
$33.4K $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%
$668,260
Cap Rate 7%
$477,329
Cap Rate 9%
$371,256
Alternative Uses
Best Use
Multifamily LT 5
$477.3K
$417.7K – $556.9K
NOI $33,413 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$439.6K
$384.6K – $512.8K
NOI $30,770 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$846.8K
$741.0K – $988.0K
NOI $59,278 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 28208, NC
38,614
Population
17,842
Households
2.2
Avg Household Size
34
Median Age
26%
College-Educated
81%
High-School Grad
20.2 sq mi
ZIP Area
1,912
Density / Sq Mi
$51,339
Median Household Income
$40,359
Median Earnings
$1,173
Median Rent
$198,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two-and-a-half baths, and an open main-level living area.
Where is this duplex located?
The property is located at Key Street lot 49 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 residences in one duplex, with 2,543 square feet total; Each residence has 3 bedrooms and 2.5 baths; 0.17‑acre lot
