Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1106 Summer Drive Gastonia, NC 28052

    View on Map
    For Sale
    $274,900

    MULTI_FAMILY - Gastonia, NC

    Lot size:
    0.22 Acres
    Added:
    Nov 21, 2025
    Days on Market:
    131
    Last Refresh:
    Mar 31 at 11:06 pm

    Property Features for 1106 Summer Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RMF
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
    Parking features
    Driveway
    Appliances
    Electric Oven, Refrigerator
    Standard status
    Active
    APN
    107897
    Lot size
    0.22 Acres

    Taxes and HOA fees

    TaxDescription
    OVERHILL TERRACE BLK C L 13 01 048 017 01 000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Heat Pump (Heating)
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1960
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Aluminum, Brick Partial, Vinyl

    We can help!

    Listing Contact
    Kathryn Cook Crespo

    Listing agent Kathryn Cook Crespo License #276557

    Listing office Nestlewood Realty, LLC 2108 South Blvd #107, Charlotte, NC

    Listing date Nov 21, 2025

    MLS# 4324502

    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.

    Overview

    Charming Gastonia Duplex with Updates

    This move-in-ready duplex is located on a spacious lot and features updates throughout. Both units include new LVP flooring, freshly painted interiors and exteriors, updated bathrooms and kitchens with granite countertops, and new appliances. The electrical system has been updated, and the roof was replaced in 2020. Unit 1 offers 2 bedrooms, 1 bath, and a new HVAC system. Unit 2 features 1 bedroom, 1 bath, and a new mini-split system for heating and cooling. The property is zoned RMF and is located in a rapidly growing area, minutes from the Fuse District and Loray Mill, and a short drive to Charlotte Douglas International Airport, the Whitewater Center, and Crowder's Mountain. The property is suitable for investors or homeowners looking to live in one unit and rent the other. The lot size is 0.22 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gastonia
    County
    Gaston
    State
    North Carolina
    Longitude
    -81.201987
    Latitude
    35.254346

    Nearby Similar for Sale

    • $750,000

      Gastonia Commercial Development Package

      Five lots with two buildings in a growing Gastonia area.
      1114 W Franklin Boulevard W, Gastonia, NC 28052
      View Details
    • $399,999

      Restored Historic Gastonia Office/Commercial Property

      Meticulously upgraded historic home in Gastonia's desirable area.
      209 W 3rd Avenue, Gastonia, NC 28052
      View Details
    • $899,000

      Gastonia Mixed-Use Investment Opportunity

      Three parcels with multiple buildings in Gastonia, North Carolina.
      617 E 2nd Avenue, Gastonia, NC 28054
      View Details
    • $1,200,000

      Gastonia Live Music Venue

      Fully operational live music and event venue in Gastonia.
      334 W Main Avenue, Gastonia, NC 28052
      View Details
    • $599,000

      Gastonia Office Building on 2.18 Acres

      Office building in Gastonia, NC, with updated features.
      619 E Price Avenue, Gastonia, NC 28054
      View Details
    • $259,900

      Office Space in Union Commons

      Office space in desirable Union Commons, Gastonia, North Carolina.
      1568 Union Road, Gastonia, NC 28054
      View Details
    • $489,500

      Downtown Gastonia Commercial Building For Sale

      Three-unit commercial building in downtown Gastonia with private parking.
      128 Dr Martin Luther King Jr Way, Gastonia, NC 28052
      View Details
    • $499,999

      Gastonia Restaurant Opportunity

      Restaurant building for sale in Gastonia, North Carolina.
      203 N Cherry Street, Gastonia, NC 28052
      View Details
    • $289,900

      Gastonia Duplex in Established Neighborhood

      Well-cared for duplex with spacious units and convenient location.
      2110 Twin Avenue, Gastonia, NC 28052
      View Details
    • $175,000

      Gastonia Commercial Property For Sale

      Well-maintained commercial property with office, storage, and warehouse space.
      321 S Avon Street, Gastonia, NC 28054
      View Details
    • $850,000
      6,026 SF

      Gaston County Commercial Investment Opportunity

      Fully leased commercial property with road frontage and ample parking.
      4521 Beaty Road, Gastonia, NC 28056
      View Details
    • $399,500

      Gastonia Duplex Investment Property

      Duplex with 6 bedrooms, 4 baths, ready for tenants.
      1009 E Airline Street, Gastonia, NC 28054
      View Details

    FAQs

    What type of property is this?
    Duplex - Move-in-ready duplex with updates, great for investors or homeowners.
    Where is this duplex located?
    The property is located at 1106 Summer Drive Gastonia, NC.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: Move‑in ready duplex with updated interiors and exteriors, including new LVP flooring and fresh paint.; **Updated kitchens and bathrooms featuring granite countertops and new appliances.**; New HVAC system in Unit 1 and new mini‑split system in Unit 2 for efficient heating and cooling.
    (704) 998-9520
    We can help!
    Listing Contact
    Kathryn Cook Crespo
    Real Estate License ID: 276557
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!