421 Honeywood Avenue, Charlotte NC
- 24 Bed
- 0.9 ac
For Sale $1,750,000
Remarks:
This 12-unit multifamily asset presents a strong value-add investment opportunity in one of the Southeast’s most resilient rental markets. The property has already undergone partial renovation, with 5 out of 12 units fully remodeled, providing a clear path for continued upside through unit upgrades. Recent leasing activity supports the repositioning strategy, with the latest lease achieving $1,500/month, indicating strong rental demand and the potential to push rents across the remaining units. Charlotte continues to experience sustained population growth, job expansion, and housing demand, making it a highly attractive market for multifamily investors. The combination of in-place income, proven rent comps, and remaining renovation upside positions this asset for both cash flow growth and long-term appreciation. Investment Highlights: 12-unit multifamily property 5 renovated units completed Proven rent benchmark at $1,500/month Significant remaining value-add potential Located in a high-growth rental market Opportunity to increase NOI through continued upgrades This is an ideal opportunity for an investor seeking a partially stabilized asset with immediate upside in a strong Charlotte submarket.
General Information:
| List Price: | $1,750,000 |
| Status: | For Sale |
| Bedrooms: | 24 |
| Type: | Apartment |
| Parking: | Parking Space(s) |
| MLS Number: | CAR4361372 |
| Year Built: | 1969 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-25-2026 | Listed | $1,750,000 | N/A |
| 03-25-2026 | Listed | $4,100,000 | N/A |
| 10-29-2025 | Price Decrease | $849,900-5.51% | N/A |
| 10-09-2025 | Price Decrease | $899,500-0.04% | N/A |
| 08-15-2025 | Price Decrease | $899,900-5.26% | N/A |
| 07-27-2025 | Price Decrease | $949,900-2.06% | N/A |
| 05-18-2025 | Listed | $969,900 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| University Park Creative Arts | 1 miles | KG-05 | 4 |
| Thomasboro Academy | 1 miles | PK-05 | 1 |
| Oaklawn Language Academy | 2 miles | KG-06 | 7 |
| Bruns Academy | 2 miles | PK-05 | 1 |
| Lincoln Heights Academy | 2 miles | KG-06 | N/A |
| Irwin Academic Center | 2 miles | KG-05 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 421 Honeywood Avenue, Charlotte NC | 0 mi | $1,750,000 | days | |
| 3724 Alabama Avenue, Charlotte NC | 0.2 mi | $300,000 | days | |
| 3440 Brookshire Boulevard, Charlotte NC | 0.2 mi | $369,900 | days | |
| 3436 Brookshire Boulevard, Charlotte NC | 0.2 mi | $369,900 | days | |
| 3432 Brookshire Boulevard, Charlotte NC | 0.2 mi | $369,900 | days | |
| 212 Nelson Avenue, Charlotte NC | 0.2 mi | $369,900 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28216
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Coldwell Banker Realty
421 Honeywood Avenue, Charlotte NC is a ft2 on a 0.940 acres Appraisal lot. This is for $1,750,000. This has 24 bedrooms, baths, and was built in 1969.
Based on information submitted to the MLS GRID as of 2026-04-25 11:06:16 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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