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427 A Arbor Drive, 
Waxhaw, NC 28173

$575,000


6

Beds


6

Baths


2,640

Sq Ft


Multi-Family

Active

Listed by

Megan Banks

David Hoffman Realty Charlotte

Last updated:

August 25, 2026, 01:38 PM

MLS#

4415402

Source:

CH

About This Home

427 A Arbor Drive

Rare opportunity to acquire a newer-construction, fully occupied duplex in the heart of downtown Waxhaw. Built in 2022, this two-unit property offers approximately 2,624 total square feet, with each residence providing 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 location is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library just around the corner. Both residences are currently leased at $1,750 per month, producing $3,500 in gross monthly scheduled rent and $42,000 in gross annual scheduled rent. At the $575,000 asking price, that represents an approximate 7.30% in-place gross yield before operating expenses. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves. This is an attractive opportunity for an investor seeking immediate income, two substantial three-bedroom rental residences and a newer multifamily asset in a highly convenient downtown location. Lease documentation and available financial information may be reviewed during due diligence. A companion 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 #4415435. Buyer is always strongly encouraged to verify all property information, square footage, leases, income and expenses. ****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****

Home Facts

Multi-Family

6 Baths

6 Bedrooms

Built in 2021

Subdivision & Development:

None

Price Summary

575,000

$217 per Sq. Ft.

MLS #:

4415402

Last Updated:

August 25, 2026, 01:38 PM


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4

Interior

Living Area:

2,640 Sq. Ft.


Structure

Structure

Architectural Style:

Arts and Crafts

Building Area:

2,640 Sq. Ft.

Year Built:

2021


Lot

Lot Size (Sq. Ft):

4,922


Finances & Disclosures

Finances

Price:

$575,000

Price per Sq. Ft:

$217 per Sq. Ft.

MLS Logo
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.