$575,000
 $3,087 est/mo Sourced by Back At You

427 A Arbor Drive A,Waxhaw, NC 28173

Waxhaw, NC 28173

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Description

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****

Details

MLS #4415402
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2021
Days On Site12
Listing Provided ByDavid Hoffman Realty Charlotte | Megan Banks

Features

Bed(s)6
Bath(s) 6 Total
SQ Feet2,640
Story(s)2
Units2
Acreage0.11
Water FrontYes

Interior

CoolingCeiling Fan(s), Central Air, Electric
HeatingCentral, Electric, Heat Pump
Interior FeaturesOpen Floorplan, Pantry, Storage
Window FeaturesInsulated Window(s)
AppliancesDishwasher, Electric Range, Microwave

Exterior

RoofComposition
Construction MaterialsFiber Cement
Foundation DetailsCrawl Space
Lot FeaturesSloped

Parking

Garage Yes / NoNo
Parking FeaturesDriveway, Parking Space(s)

Utilities

UtilitiesElectricity Connected

Location

Community FeaturesNone

Other

List AorCanopy Realtor Association

Taxes

Property487000

Area Information

StateNC
CountyUnion
CityWaxhaw
Zip Code28173
AreaUnion
School DistrictParkwood
Elementary SchoolWaxhaw
High SchoolParkwood
Listing VS Median (in 28173)
Price:
$575,000
low | high
Med:
$722,607
24.329217391304% of Average
sqft:
2,640
low | high
Med:
2,730
46.609848484848% of Average
$ / sqft:
$218
low | high
Med:
$286
18.563935734474% of Average
On site:
12
low | high
Med:
405.5
2.959309494451% of Average
Sourced by Back At You

Market Activity 28173

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of September 1, 2026 at 4:59:54 AM PDT 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.

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Learn More About This Property

StateNC
CountyUnion
CityWaxhaw
Zip Code28173
AreaUnion
School DistrictParkwood
Elementary SchoolWaxhaw
High SchoolParkwood
Listing VS Median (in 28173)
Price:
$575,000
low | high
Med:
$722,607
24.329217391304% of Average
sqft:
2,640
low | high
Med:
2,730
46.609848484848% of Average
$ / sqft:
$218
low | high
Med:
$286
18.563935734474% of Average
On site:
12
low | high
Med:
405.5
2.959309494451% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $431K - $718K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
427 B Arbor Drive B Property Photo 1
$575,000
427 B Arbor Drive B
Waxhaw, NC 28173
Listing Updated: August 24, 2026 at 12:58:29 PM PDT