New Construction
For Sale
$625,000
Lot 1 Latta Avenue #1, Charlotte, NC 28214
Two adjoining residences each offer three bedrooms, two-and-a-half baths, and open main-level living.
Property Size2,543 SF
Price / SF$245.77
Days on Market18
Property Features for Lot 1 Latta Avenue #1
General Information
Standard status
Active
Size
2,543 SF
Property subtype
Residential Income
Site & Location
Neighborhood
West Outer
Highway Access
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Building Size
2,543 SF
Year Built
2026
Buildings
1
Stories
2
Units
2
Listing Agency:
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Listed By:
Julie Breedlove · License #264561
(704) 661-9619
Source:
Breedlovefarmsestatesandland
Added: Oct 7
Changed: Oct 22
Last Checked: Oct 22 at 2:23PM
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 PREMIER SOTHEBY'S INTERNATIONAL REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex is under construction and comprises two side-by-side residences within one building. Each unit has 3 bedrooms and 2.5 baths, with open living and kitchen areas on the main level. Stainless steel appliances and new-construction finishes are specified throughout. The combined building area is 2,543 square feet.
The property is in Charlotte, with access to I-485, Uptown, and Charlotte Douglas Airport. Completion is estimated for October 2026. A 1-Year Craftsmanship Warranty is included.
The property is in Charlotte, with access to I-485, Uptown, and Charlotte Douglas Airport. Completion is estimated for October 2026. A 1-Year Craftsmanship Warranty is included.
Key Highlights
- Two residences in one building, each with 3 bedrooms and 2.5 baths
- 2,543 total square feet
- Stainless steel appliances in both kitchens
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
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
117
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two adjoining residences each offer three bedrooms, two-and-a-half baths, and open main-level living.
Where is this duplex located?
The property is located at Lot 1 Latta Avenue #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 residences in one building, each with 3 bedrooms and 2.5 baths; 2,543 total square feet; Stainless steel appliances in both kitchens
