Browse All Waxhaw NC Multi-Family Properties for Sale

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****

427 A Arbor Drive, Waxhaw

Listing courtesy of David Hoffman Realty Charlotte. megan.banks@davidhoffmanrealty.com

$575,000

6 Beds ⋅ 4415435 MLS ⋅ ACTIVE Status

An excellent downtown Waxhaw investment opportunity offering the combination of current rental income and immediate lease-up flexibility. Built in 2022, this duplex contains approximately 2,624 total square feet, with each residence offering 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 property is convenient to downtown Waxhaw shopping, dining and community amenities, with the Waxhaw Library located nearby. Unit C is currently leased at $1,750 per month. Unit D is vacant and is currently being marketed for lease at $1,800 per month, giving the next owner the flexibility to select the next tenant, establish the new lease terms or potentially occupy one side, subject to applicable lease and financing requirements. Based on the current $1,750 rent and the vacant unit’s $1,800 advertised rent, projected stabilized gross income is $3,550 per month, or $42,600 annually. At the $575,000 asking price, that represents an approximate 7.41% stabilized gross yield before operating expenses. Projected income is based on the vacant unit being leased at its current advertised rental rate and is not guaranteed. Gross yield is not a cap rate and does not deduct taxes, insurance, utilities, maintenance, vacancy, management or capital reserves. This property offers an appealing balance for an investor: income already in place from one unit, combined with immediate control over the second unit. Lease documentation, rental history and available financial information may be reviewed during due diligence. A companion fully occupied 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 4415402. Buyer is always encouraged to verify all property information, square footage, leases, projected income and expenses. ****virtual staging used! There are mounted sconces represented in the primary bedroom that are not present! that is virtual staging only****

427 B Arbor Drive, Waxhaw

Listing courtesy of David Hoffman Realty Charlotte. megan.banks@davidhoffmanrealty.com

$540,000

5 Beds ⋅ 4392734 MLS ⋅ ACTIVE Status

Rare 6.8-acre homestead, investment, and multigenerational living opportunity in highly desirable Waxhaw. Whether you're looking for a family compound, house-hacking opportunity, income-producing property, hobby farm, or simply room to grow, 3607 Kennington Drive offers a combination of land, infrastructure, and flexibility that is becoming increasingly difficult to find in Union County. The property features multiple septic sites, including two residences already in place and a third vacant homesite ready for future use. The primary residence is a well-maintained 1,248-square-foot home offering 3 bedrooms and 2 bathrooms. Recent updates include luxury vinyl plank flooring throughout, painted kitchen cabinetry, an updated primary bathroom with a walk-in shower, and a newly constructed rear deck overlooking the property. A second residence, a 924-square-foot home, is also located on the property and offers immediate rental, guest house, caretaker, or extended family potential. The exterior has recently been painted, while the interior provides an excellent opportunity for cosmetic updates and value enhancement. Outside, you'll find the infrastructure already in place for a variety of uses, including a detached workshop with attached carport, storage shed, raised garden beds, chicken coop, kennels, and ample open space to expand your vision. For investors, the property offers multiple income streams and future development potential. For owner-occupants, the second residence creates a unique opportunity to offset housing expenses through rental income while enjoying acreage and privacy. For multigenerational households, the layout provides separate living spaces while keeping family close by. Conveniently located in Waxhaw with easy access to Monroe, Indian Trail, and the Charlotte metro area, opportunities like this rarely come available. Bring your animals, your business ideas, your family, or your investment plans - this property is ready for all of it. Properties offering multiple homes, acreage, existing infrastructure, and future expansion potential are becoming increasingly difficult to find in today's market. Property is zoned for Western Union Elementary, Parkwood Middle, & Parkwood High schools. If you've been waiting for the right opportunity in this popular school district, here's your chance!

3607 Kennington Drive, Waxhaw

Listing courtesy of Keller Williams Connected. chelsea@handyearth.com

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“ Based on information submitted to the MLS GRID as of . 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. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”

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