# 421 Honeywood Avenue, Charlotte, NC 28216

> **TL;DR:** 24bd/12ba multi-family, $1,750,000, built 1969.
> A/C. Est. $7,583/mo. Listed 17 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,750,000 |
| Bedrooms | 24 |
| Bathrooms | 12 full |
| Year Built | 1969 |
| Lot Size | 40,946 sqft (0.94 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 17 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $7,583 |
| **Total** | **$7,583** |

## Nearby Schools

- **Elementary:** Unspecified
- **Middle:** Unspecified
- **High:** Unspecified

## Key Amenities

- A/C

## Property Highlights

- Built in 1969
- 0.94 acre lot
- 2 stories

## Description

### Agent Description
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.

## Location

- **Address:** 421 Honeywood Avenue, Charlotte, NC 28216
- **County:** Mecklenburg
- **Coordinates:** 35.26406, -80.87465
- **Google Maps:** https://www.google.com/maps?q=35.26406,-80.87465

## Listing Agent

- **Name:** Nick Lancetti
- **Brokerage:** Coldwell Banker Realty
- **Phone:** 9809990399
- **Email:** nicklancetti@gmail.com

## Primary Photo

![421 Honeywood Avenue - Primary Photo](http://lh.rdcpix.com/6f5cb237b14cdb7a49752d7f44d4b920l-f2372524197r.jpg)

*13 total photos available on [listing page](https://www.propertysimple.com/listing/421-honeywood-avenue-charlotte-nc-28216-4361372)*

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**MLS#:** 4361372 | **Updated:** 2026-04-29
**Source:** listhub

*Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/421-honeywood-avenue-charlotte-nc-28216-4361372)

---

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  "description": "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. ",
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