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    218 37Th St SW Hickory, NC 28602

    For Sale
    $675,000

    MULTI_FAMILY - Hickory, NC

    Property size:
    600 SF
    Lot size:
    2.52 Acres
    Days on Market:
    93
    Last Refresh:
    Dec 11 at 10:06 pm

    Property Features for 218 37Th St SW

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 6, Bedroom 3, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 16, Bedroom 5, Bedroom 12, Bedroom 14, Bathroom 7, Bedroom 13, Bathroom 1, Bedroom 10, Bathroom 5, Bedroom 20, Bedroom 4, Bedroom 17, Bathroom 3, Bedroom 15, Bathroom 10, Bedroom 19, Bedroom 21, Bedroom 9, Bathroom 8, Bedroom 22, Bathroom 11, Bathroom 12, Bedroom 1, Bedroom 24, Bedroom 6, Bedroom 11, Bedroom 18, Bedroom 23, Bathroom 9, Bedroom 2, Bathroom 2
    Bedrooms
    24
    Bathrooms
    12
    APN
    0032356
    Size
    600 SF
    Lot size
    2.52 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Varies by Unit (Heating)
    Cooling system
    Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2013
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Vinyl, Carpet

    Keller Williams Elite Realty (984) 244-5835 [email protected]

    Listing agent Michelle Edwards Mitchell (919) 484-2280

    Listing date Sep 10, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hickory NC Multifamily Investment Opportunity

    This multifamily property in Hickory, NC, presents an investment opportunity with 12 units situated on approximately 2.5 acres. Currently, 7 of the 12 units are leased, with the remaining 5 undergoing preparation. The property offers potential for portfolio growth and other possibilities. The property has 600 square feet of space and is located in Hickory, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hickory
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.397384
    Latitude
    35.725286

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    FAQs

    What type of property is this?
    Apartment building - Multifamily investment opportunity featuring 12 units on approximately 2.5 acres.
    Where is this apartment building located?
    The property is located at 218 37Th St SW Hickory, NC.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Investment opportunity: Purchase 12 units to expand your real estate portfolio.; - Income potential: 7 out of 12 units are currently leased.; - Growth potential: 5 units are being prepared for leasing.
    (919) 484-2280
    Request Owner's contact information
    218 37Th St SW Hickory, NC 28602
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    Hickory, NC 28602
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    Realmo Value Estimation

    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.

    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.

    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
    218 37Th St SW Hickory, NC 28602
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