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427 A Arbor Drive, Waxhaw, NC 28173 ACTIVE 1 of 34 427 A Arbor Drive, Waxhaw, NC 28173 — photo 2 427 A Arbor Drive, Waxhaw, NC 28173 — photo 3 427 A Arbor Drive, Waxhaw, NC 28173 — photo 4 427 A Arbor Drive, Waxhaw, NC 28173 — photo 5
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Active
$575,000 Est. $3,962/mo — Get pre-qualified
6beds 5baths 2,640sq ft 0.11acres

427 A Arbor Drive · Waxhaw, NC 28173

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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****

Features & Amenities

Living Area2,640 Sq.Ft.
Bedrooms6
Baths5
HeatingCentral, Electric, Heat Pump
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Laminate
FireplaceNo
AppliancesDishwasher, Electric Range, Microwave
Interior FeaturesOpen Floorplan, Pantry, Storage
LaundryIn Unit, Laundry Closet, Main Level, Washer Hookup
StyleArts and Crafts
Year Built2021
ConstructionFiber Cement
RoofComposition
FoundationCrawl Space
ParkingDriveway, Parking Space(s)
StatusActive
Lot Size0.11 Acres
Lot FeaturesSloped
CountyUNION
Property TypeResidential Income
Property SubTypeDuplex
Last UpdatedOct 9, 2026
UtilitiesElectricity Connected
SewerPublic Sewer
Water SourceCity
HOANo
ElementaryWaxhaw Elementary School
MiddleParkwood Middle School
HighParkwood High School
Presented By: David Hoffman Realty Charlotte; support@davidhoffmanrealty.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Monthly Cost Estimate

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