Entity Owned Property summary
This exceptional 8-unit apartment building presents a compelling investment opportunity in Charlotte, NC. The property, located at 1816 N McDowell St, boasts 6,400 square feet of net rentable space across two, two-story buildings on a 21,780 square foot lot. Completely renovated in 2022, each unit features quality finishes, new appliances, and updated fixtures and flooring. The property currently enjoys 100% occupancy (as of July 1, 2024), generating a Net Operating Income (NOI) of $142,000,… resulting in a 6.31% capitalization rate. Pro-forma projections, assuming renovation of a ninth unit, increase the NOI to $176,000 and the cap rate to 7.82%. The asking price is $2,250,000, or $281,250 per unit. Twelve parking spaces are available for residents. The property is zoned R-5 and is conveniently located near Uptown Charlotte, the NoDa Arts District, and the Little Sugar Creek Greenway, offering easy access to public transportation, including the LYNX Blue Line Light Rail. This prime location, coupled with the recent renovations and high occupancy rate, makes this a truly attractive investment opportunity in a thriving Charlotte neighborhood. The property features an outdoor fire pit and barbeque area. Built in 1966, this fee-simple ownership offers a strong return on investment with significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,776 SF
- Lot area
- 0.51 ac
- Year built
- 1966
- Stories
- 2
- APN
- 8304304
- Zoning
- R5
- Assessed value · 2024
- $1,126,500
- Annual tax · 2023
- $8,263
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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