New-Construction
New
For Sale
$625,000
Latta Avenue lot 1, Charlotte, NC 28214
Residential Income, Charlotte, NC
Property Size2,543 SF
Lot Size0.19 Acres
Price / SF$245.77
Days on Market2
Property Features for Latta Avenue lot 1
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
N1-A
Bedrooms
6
Bathrooms
3
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Laundry Room, Dining Room, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 3
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
River Oaks Academy
Middle school
Coulwood STEM Academy
High school
West Mecklenburg
Directions
GPS USE 318 Latta Avenue Charlotte NC 28214 FOR DIRECTIONS
Standard status
Active
APN
03137335
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
L4 M7-496
Legal Description
L4 M7-496
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 · License #249103
(704) 305-4178
Added: Oct 7
Last Checked: Oct 8 at 6:06AM
MLS# 4431778
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.
Investment Insights
Based on property information with market context.
This duplex is under construction as two side-by-side residences within one building, with 2,543 square feet of total living space on a 0.19-acre lot. The layout includes open main-level living areas and kitchens fitted with stainless steel appliances. Vinyl exterior materials, composition roofing, central heating and central air are specified. A driveway provides on-site parking, and public sewer service is available.
Construction is scheduled for completion in October 2026, with a 1-Year Craftsmanship Warranty. The property is in Charlotte, with access to I-485, Uptown and Charlotte Douglas Airport. The two-unit configuration allows an owner to occupy one residence and lease the other, as described in the property information.
Construction is scheduled for completion in October 2026, with a 1-Year Craftsmanship Warranty. The property is in Charlotte, with access to I-485, Uptown and Charlotte Douglas Airport. The two-unit configuration allows an owner to occupy one residence and lease the other, as described in the property information.
Key Highlights
- Two side‑by‑side residences in one duplex building
- 2,543 square feet of total living space
- 0.19‑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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 28214, NC
42,925
Population
15,896
Households
2.7
Avg Household Size
36
Median Age
36%
College-Educated
90%
High-School Grad
33.9 sq mi
ZIP Area
1,266
Density / Sq Mi
$83,618
Median Household Income
$43,104
Median Earnings
$1,570
Median Rent
$258,400
Median Home Value
Check the figures for this property
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 - Each residence has an open main-level living area and a kitchen equipped with stainless steel appliances.
Where is this duplex located?
The property is located at Latta Avenue lot 1 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 side‑by‑side residences in one duplex building; 2,543 square feet of total living space; 0.19‑acre lot
