427 B Arbor Drive, Waxhaw, NC 28173
Local realty services provided by:Better Homes and Gardens Real Estate Foothills
Listed by: megan banks
Office: david hoffman realty charlotte
MLS#:4415435
Source:CH
427 B Arbor Drive,Waxhaw, NC 28173
$575,000
- 6 Beds
- 6 Baths
- 2,640 sq. ft.
- Multi-family
- Active
Price summary
- Price:$575,000
- Price per sq. ft.:$217.8
About this home
An excellent downtown Waxhaw investment opportunity offering the combination of current rental income and immediate lease-up flexibility. Built in 2022, this duplex contains approximately 2,624 total square feet, with each residence offering three bedrooms, two-and-a-half baths and approximately 1,320 square feet.
Both units feature open-concept main-level living, modern finishes, granite countertops, shaker-style cabinetry, durable laminate flooring on the main level, carpeted bedrooms upstairs, washer/dryer connections and driveway parking. The property is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library located nearby.
Unit C is currently leased at $1,750 per month. Unit D is vacant and is currently being marketed for lease at $1,800 per month, giving the next owner the flexibility to select the next tenant, establish the new lease terms or potentially occupy one side, subject to applicable lease and financing requirements.
Based on the current $1,750 rent and the vacant unit’s $1,800 advertised rent, projected stabilized gross income is $3,550 per month, or $42,600 annually. At the $575,000 asking price, that represents an approximate 7.41% stabilized gross yield before operating expenses. Projected income is based on the vacant unit being leased at its current advertised rental rate and is not guaranteed. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves.
This property offers an appealing balance for an investor: income already in place from one unit, combined with immediate control over the second unit. Lease documentation, rental history and available financial information may be reviewed during due diligence.
A companion fully occupied duplex containing two additional three-bedroom rental units is also being offered separately, creating the opportunity to acquire both buildings as a four-unit portfolio, subject to availability. See companion MLS 4415402. Buyer is always encouraged to verify all property information, square footage, leases, projected income and expenses.
****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****...
Contact an agent
Home facts
- Year built:2021
- Subdivision & Development:None
- Listing ID #:4415435
- Updated:August 25, 2026 at 01:38 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
- Full bathrooms:4
- Half bathrooms:2
- Flooring:Carpet, Laminate
- Kitchen Description:Dishwasher, Electric Range, Microwave
- Living area:2,640 sq. ft.
Heating and cooling
- Cooling:Central Air, Heat Pump
- Heating:Heat Pump
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:2021
- Building area:2,640 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Sloped
- Architectural Style:Arts and Crafts
- Construction Materials:Fiber Cement
- Foundation Description:Crawl Space
Schools
- High school:Parkwood
- Elementary school:Waxhaw
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$575,000
- Price per sq. ft.:$217.8
Features and amenities
- Laundry features:Main Level
- Amenities:Open Floorplan
Parking
- Parking description:Driveway
New listings near 427 B Arbor Drive
- Coming Soon
$825,000Coming Soon6 beds 5 baths4,911 sq. ft.2209 Trading Ford Drive, Waxhaw, NC 28173
MLS# 4413447Listed by: KELLER WILLIAMS BALLANTYNE AREA - Coming Soon
$1,549,000Coming Soon4 beds 5 baths5,209 sq. ft.2006 Sandy Pond Lane, Waxhaw, NC 28173
MLS# 4416862Listed by: BERKSHIRE HATHAWAY HOMESERVICES CAROLINAS REALTY - Coming Soon
$625,000Coming Soon5 beds 4 baths3,269 sq. ft.2022 Napa Valley Drive, Waxhaw, NC 28173
MLS# 4417002Listed by: KELLER WILLIAMS BALLANTYNE AREA - Coming Soon
$849,900Coming Soon3 beds 3 baths3,001 sq. ft.2343 Wesley Landing Road, Waxhaw, NC 28173
MLS# 4412656Listed by: C-A-RE REALTY - Coming Soon
$873,000Coming Soon4 beds 5 baths3,139 sq. ft.5315 Old Highway Road #4, Waxhaw, NC 28173
MLS# 4401195Listed by: IVESTER JACKSON CHRISTIE'S - New
$575,000Active6 beds 6 baths2,640 sq. ft.427 A Arbor Drive, Waxhaw, NC 28173
MLS# 4415402Listed by: DAVID HOFFMAN REALTY CHARLOTTE - Open Sat, 2 to 4pmNew
$1,495,000Active5 beds 5 baths5,359 sq. ft.1025 Sherringham Way, Waxhaw, NC 28173
MLS# 4411691Listed by: HELEN ADAMS REALTY - New
$387,000Active4 beds 4 baths2,534 sq. ft.1032 Bandon Drive, Waxhaw, NC 28173
MLS# 4415021Listed by: OPENDOOR BROKERAGE LLC - New
$1,375,000Active20.56 Acres8720 Potter Road S, Waxhaw, NC 28173
MLS# 4415821Listed by: ELLEBEE REALTY AND ASSOCIATES - New
$750,000Active5 beds 3 baths2,751 sq. ft.9624 Belloak Lane, Waxhaw, NC 28173
MLS# 4408548Listed by: KELLER WILLIAMS CONNECTED