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12-Unit Apartment Building
For Sale
$625,000

218 37th Street SW, Hickory, NC 28602

Residential Income, Hickory, NC

Property Size600 SF
Lot Size2.52 Acres
Price / SF$1,041
Days on Market367

Property Features for 218 37th Street SW

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 24
Bathrooms 12
Full bathrooms 12
Rooms Bedroom 15, Bedroom 1, Bedroom 14, Bathroom 11, Bedroom 18, Bedroom 7, Bedroom 22, Bathroom 6, Bathroom 9, Bedroom 2, Bedroom 17, Bedroom 9, Bedroom 5, Bedroom 19, Bedroom 11, Bathroom 12, Bedroom 10, Bedroom 21, Bedroom 8, Bathroom 1, Bedroom 13, Bedroom 20, Bedroom 6, Bedroom 24, Bathroom 8, Bathroom 3, Bathroom 7, Bathroom 2, Bedroom 23, Bathroom 4, Bedroom 12, Bedroom 4, Bedroom 16, Bathroom 10, Bathroom 5, Bedroom 3
Subdivision Not in a Subdivision
Standard status Active
APN 0032356
Size 600 SF
Lot size 2.52 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3165

Utilities

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

Building Details

Year built 2013
Floors in Building 2
Number of units 4
Flooring type Carpet, Vinyl
Listing Agency: Keller Williams Elite Realty · Keller Williams Realty
Listed By: Michelle Edwards Mitchell · License #121569
Added: Sep 8, 2025 Changed: Sep 4 Last Checked: Sep 9 at 7:06PM
MLS# 10120646

Copyright © 2026 Doorify 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.

This 12-unit apartment property was built in 2013 and sits on 2.52 acres in Hickory, North Carolina. Seven units are currently leased, while five others are being prepared for occupancy. Interior finishes include vinyl and carpet flooring, with heating varying by unit and cooling provided through window or wall/window units.

The property is served by public sewer and is located at 218 37th Street SW. Its apartment configuration, existing lease status, and acreage provide a clear overview for multifamily investors evaluating the asset.

Key Highlights

  • 12 apartment units, with 7 currently leased
  • 5 additional units are being prepared for occupancy
  • Situated on 2.52 acres

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Plumbing Service

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 28602, NC

29,184
Population
12,941
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
70.7 sq mi
ZIP Area
413
Density / Sq Mi
$56,031
Median Household Income
$36,519
Median Earnings
$830
Median Rent
$180,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Multifamily property with seven leased units and five additional units being prepared for occupancy.
Where is this apartment building located?
The property is located at 218 37th Street SW Hickory, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 12 apartment units, with 7 currently leased; 5 additional units are being prepared for occupancy; Situated on 2.52 acres
More about this property
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