929 Mcarthur Avenue, Charlotte, NC 28206
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
Listed by: brittin eustis
Office: henderson properties
MLS#:4306482
Source:CH
929 Mcarthur Avenue,Charlotte, NC 28206
$305,000
- 6 Beds
- 2 Baths
- 1,550 sq. ft.
- Multi-family
- Active
Price summary
- Price:$305,000
- Price per sq. ft.:$196.77
About this home
Multiple offers received. Highest and best due by Monday, October 6th at 12:00 PM
Located just one mile from the highly sought-after and rapidly growing Camp North End development, this duplex is an excellent opportunity for both new and seasoned investors seeking immediate cash flow with room for growth.
Each side of the duplex features 3 bedrooms and 1 bathroom, offering functional layouts that are consistently in demand with tenants. Both units are currently on month-to-month leases, providing steady occupancy while also giving a new owner flexibility to adjust terms or rental rates. Together, the property produces a gross monthly rent of $2,300, resulting in a current Cap Rate of 6.44%.
Importantly, there is significant upside potential. Comparable units in the surrounding area are renting for $1,500+ per unit, meaning this property has the ability to generate substantially higher income with targeted updates or simple rental adjustments. This creates a strong path to boosting cash flow and overall return on investment.
Beyond the numbers, the location cannot be overlooked. Camp North End has become one of Charlotte’s most dynamic hubs for arts, dining, entertainment, and business growth, and the surrounding neighborhoods are experiencing rapid revitalization. Demand for quality rental housing in this corridor continues to rise, and properties in close proximity to the development are well-positioned for long-term appreciation.
Whether you are looking to start building your investment portfolio or expand an existing one, this duplex offers the perfect combination of immediate rental income, flexible leasing, and future upside. With Charlotte’s rental market strengthening year after year, this property provides a rare opportunity to secure a strong income-producing asset in one of the city’s fastest-growing areas.
Don’t miss out on this chance to add a high-potential property to your portfolio in a location poised for continued growth.
Contact an agent
Home facts
- Year built:1968
- Listing ID #:4306482
- Updated:December 23, 2025 at 03:20 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,550 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1968
- Building area:1,550 sq. ft.
- Lot area:0.17 Acres
Schools
- High school:Unspecified
- Elementary school:Unspecified
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$305,000
- Price per sq. ft.:$196.77
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