$254,900
4 Bed · 2 Bath · 1,713 Sq Ft
Two-unit income property — updates, washer hookups, leases expiring soon
4
Beds
2
Baths
1,713
Sq Ft
1933
Built
This classic 1933 duplex at 916 Rowan St presents a straightforward income opportunity: a 1-up/1-down configuration with a combined 4 bedrooms and 2 bathrooms across 1,713 square feet. The seller reports updates over their ownership and the building features washer/dryer hookups—practical details that reduce near-term capital needs and help maintain steady tenancy. Two long-term tenants currently occupy the units; their leases are set to expire soon, creating flexibility for an investor who wants to renew, reposition rents, or pursue an owner-occupant scenario.
Step inside and you’ll find functional layouts typical of vertically stacked duplexes: independent living spaces for each unit, kitchens and bathrooms that have received periodic attention, and straightforward mechanicals that were updated at intervals during the seller’s tenure. The property’s price per square foot sits at roughly $149, consistent with the listing’s valuation midpoint, making this an accessible entry point for a buy-and-hold strategy or a small-scale rehab project targeted at increasing rental income.
Outside, the lot and yard are serviceable and low-maintenance—ideal for an investor who prefers to focus on interior upgrades or rent optimization rather than extensive landscaping. The building’s street presence and original architectural bones retain period charm while allowing modern interventions without compromising upside. Separate unit occupancy reduces single-point vacancy risk and broadens market appeal to small households and working professionals.
Located in Charlotte, NC (ZIP 28208), 916 Rowan St is offered at $254,900. This listing is positioned for practical investors and hands-on buyers who value predictable cash flow, clear upgrade paths, and a property where rental continuity has been sustained by long-term occupants. With leases expiring soon, prospective buyers will have timely options for lease renewal or strategic turnover—an appealing combination for investor due diligence and immediate planning.
ZIP 28208 is an established Charlotte residential area characterized by older housing stock and practical investment opportunities. The neighborhood attracts buyers and landlords who appreciate urban access while retaining the potential for renovation-driven value. Local services, eateries and transit corridors serving Charlotte are accessible within the broader city, and the area’s housing mix—single-family homes, duplexes and small multifamily buildings—supports a steady renter pool and investor activity.
Available listing data for 916 Rowan St centers on valuation and unit configuration rather than neighborhood-level metrics. The broker list price of $254,900 matches the valuation midpoint provided by the Redfin-derived estimate, and the property’s price per square foot ($149) is explicit in the feed. Those discrete data points suggest the seller has priced the duplex competitively relative to its in-place rental status. Detailed local market indicators such as median sale price for 28208, days on market, or current inventory levels were not included in the listing export; buyers should request recent comps and absorption rates from an agent for a precise market read. From an investor standpoint, this is a low- to mid-priced multifamily asset with existing long-term tenants and leases approaching expiration—conditions that typically favor buyers looking to improve cash flow through modest renovations or rent adjustments. In short: the listing price aligns with the valuation data provided; the opportunity hinges on operational decisions after acquisition and up-to-date neighborhood comps to confirm upside.
Low
$245K
Midpoint
$255K
High
$265K
$149/SF estimated price per square foot
Derived from Redfin listing LD+JSON
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
ZIP 28208 is an established Charlotte residential area characterized by older housing stock and practical investment opportunities. The neighborhood attracts buyers and landlords who appreciate urban access while retaining the potential for renovation-driven value. Local services, eateries and transit corridors serving Charlotte are accessible within the broader city, and the area’s housing mix—single-family homes, duplexes and small multifamily buildings—supports a steady renter pool and investor activity.
Market data is based on aggregated public records and may not reflect real-time conditions.
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