427 A Arbor Drive, Waxhaw NC
- 6 Bed
- 0.1 ac
For Sale $575,000
Remarks:
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****
Interior Features:
Open Floorplan, Pantry, Storage
General Information:
| List Price: | $575,000 |
| Status: | For Sale |
| Bedrooms: | 6 |
| Type: | Duplex |
| Parking: | Driveway, Parking Space(s) |
| MLS Number: | CAR4415402 |
| Subdivision: | None |
| Style: | Arts and Crafts |
| Lot Description: | Sloped |
| Year Built: | 2021 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Waxhaw |
| Middle: | Parkwood |
| High: | Parkwood |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 08-24-2026 | Listed | $575,000 | N/A |
| 11-15-2025 | Listed | $424,900 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Kensington Elementary School | 3 miles | KG-05 | 9 |
| Sandy Ridge Elementary School | 5 miles | PK-05 | 10 |
| Rea View Elementary | 7 miles | KG-05 | 10 |
| Wesley Chapel Elementary School | 7 miles | KG-05 | 10 |
| Prospect Elementary School | 8 miles | KG-05 | 5 |
| Elon Park Elementary | 9 miles | KG-05 | 10 |
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 |
| 427 A Arbor Drive, Waxhaw NC | 0 mi | $575,000 | days | |
| 427 B Arbor Drive, Waxhaw NC | 0 mi | $575,000 | days | |
| 1401 Wall Street, Waxhaw NC | 0.1 mi | $557,000 | days | |
| 716 King Street, Waxhaw NC | 0.1 mi | $349,900 | days | |
| 411 Brevard Street, Waxhaw NC | 0.1 mi | $650,000 | days | |
| 517 Brevard Street, Waxhaw NC | 0.2 mi | $569,900 | 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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| 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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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28173
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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 David Hoffman Realty Charlotte
427 A Arbor Drive, Waxhaw NC is a ft2 on a 0.113 acres lot. This is for $575,000. This has 6 bedrooms, baths, and was built in 2021.
Based on information submitted to the MLS GRID as of 2026-08-24 17:55:02 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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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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