
Charlotte, NC421 Honeywood Avenue
Price$1,750,000
Est. Mortgage: $/month
MLS Number CAR4361372
- MultiFamily
- Bedrooms 24
- Square Feet 10,682
- Acreage 0.94
- Property SubType Residential Income
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.
Listed by Nick Lancetti of Coldwell Banker Realty











© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS. Based on information submitted to the MLS GRID as of June 30, 2026 11:46 PM UTC . 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.