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Two Quadplexes on Separate Parcels
For Sale
$750,000

1962 & 1966 Lakeview Road, Asheboro, NC 27203

MULTI_FAMILY - Asheboro, NC

Property SizeContact for details
Lot Size0.57 Acres
Days on Market178

Property Features for 1962 & 1966 Lakeview Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R-10
Bedrooms 16
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 5, Bathroom 6, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 7, Bedroom 15, Bedroom 11, Bedroom 6, Bathroom 5, Bedroom 14, Bedroom 13, Bathroom 3, Bathroom 7, Bedroom 9, Bedroom 12, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 10, Bedroom 1, Bathroom 8, Bedroom 16
Parking features Parking Lot
Appliances Oven, Refrigerator
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Standard status Active
APN 7762-49-5260
Lot size 0.57 Acres

Taxes and HOA fees

Tax Description SCHWARZ PROPERTIES LLC LO:3 PL:96-32
Legal Description SCHWARZ PROPERTIES LLC LO:3 PL:96-32

Utilities

Sewer type Public Sewer
Heating system Baseboard
Cooling system Window Unit(s)

Amenities

washer/dryer hookups
large parking lot

Building Details

Year built 1980
Number of units 8
Building materials Brick Partial
Listing Agency: FK and Associates Real Estate Firm
Listed By: Freddy Karmatz · License #282367
Added: Feb 15 Changed: Aug 3 Last Checked: Aug 12 at 11:06AM
MLS# 4345313

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.

Investment Insights

Based on property information with market context.

Two quadplexes on separate parcels in Asheboro, NC, built in 1980. The properties include brick partial construction, baseboard heating, and window unit cooling. Each unit is separately metered for electric; the 1966 Lakeview parcel also has separate water meters. The 962 Lakeview owner pays water, while the 1966 Lakeview tenants pay water. Landlord pays garbage. Washer/dryer hookups are available in all units except one.

The properties have large parking lots and public sewer service. Appliances listed include ovens and refrigerators. Seven of the eight units have been renovated.

With a total lot size of 0.57 acres, the layout provides two separate buildings on distinct parcels and can suit an owner-operator plan where one unit can be occupied while additional units generate rental revenue.

Key Highlights

  • Two quadplexes on separate parcels with large parking lots
  • Seven of eight units have been renovated
  • Washer/dryer hookups in all units except one

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Building Supply Pharmacy Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

70
Businesses Nearby

Demographics for 27203, NC

21,869
Population
9,937
Households
2.2
Avg Household Size
37
Median Age
17%
College-Educated
81%
High-School Grad
22.5 sq mi
ZIP Area
972
Density / Sq Mi
$47,506
Median Household Income
$32,900
Median Earnings
$852
Median Rent
$141,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Two quadplexes on separate parcels with large parking lots, public sewer, and separate electric meters across units.
Where is this quadplex located?
The property is located at 1962 & 1966 Lakeview Road Asheboro, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two quadplexes on separate parcels with large parking lots; Seven of eight units have been renovated; Washer/dryer hookups in all units except one
More about this property
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