427 B Arbor Drive, Waxhaw NC
- 6 Bed
- 0.1 ac
For Sale $575,000
Remarks:
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****
Interior Features:
Open Floorplan, Pantry
General Information:
| List Price: | $575,000 |
| Status: | For Sale |
| Bedrooms: | 6 |
| Type: | Duplex |
| Parking: | Driveway, Parking Space(s) |
| MLS Number: | CAR4415435 |
| 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 |
| 08-20-2026 | Listed | $575,000 | N/A |
| 11-26-2025 | Price Decrease | $370,000-2.63% | N/A |
| 11-11-2025 | Listed | $380,000 | 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 B Arbor Drive, Waxhaw NC | 0 mi | $575,000 | days | |
| 427 A Arbor Drive, Waxhaw NC | 0 mi | $575,000 | days | |
| 1401 Wall Street, Waxhaw NC | 0.1 mi | $557,000 | days | |
| 411 Brevard Street, Waxhaw NC | 0.1 mi | $650,000 | days | |
| 716 King Street, Waxhaw NC | 0.1 mi | $349,900 | 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 B Arbor Drive, Waxhaw NC is a ft2 on a 0.114 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 2026-08-20 19:31:35 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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