11501 Abernathy Road
About This Property
Featuring three bedrooms, two and a half bathrooms, and a versatile flex room, this home is designed for comfortable, flexible living. The vaulted great room showcases a cozy brick fireplace, while smart switches throughout the home add convenience and modern functionality. A dedicated office space and a built-in beverage center in the dining area further enhance everyday living.
Additional upgrades include a whole-home surround sound system controlled through Media Closet, with speakers extending to the garage, master bathroom, and deck-ideal for entertaining both indoors and out. The property also features a built-in autofill dog water bowl and dog door for added pet convenience. A finished shipping container on the property offers ready-to-use additional space, perfect for storage, a workshop, or the potential for a MIL suite.
Located in a strong, close-knit community that offers a rare blend of rural feel with urban accessibility, the home is just minutes from Latta Preserve, featuring free water access/launch, scenic trails, fishing, playgrounds, and the Carolina Raptor Center and Quest Nature Center. Uptown Charlotte is approximately 20 minutes away with minimal traffic, and the home is conveniently close to everyday shopping and amenities.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Jan 4, 2026 | In contract | - | |
| In contract | |||
| Dec 19, 2025 | Price Decreased |
$520,000
↓ $30K
(5.5%) | |
| Price Decreased | |||
| Dec 14, 2025 | Price Decreased |
$550,000
↓ $15K
(2.7%) | |
| Price Decreased | |||
| Nov 23, 2025 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017