New Construction
For Sale
$430,000
105-107 8th Avenue Drive SE Unit 1, Hickory, NC 28601
Two separately metered residences offer contemporary finishes, individual parking, and convenient access to downtown amenities and Lenoir-Rhyne University.
Property Size2,666 SF
Price / SF$161.29
Days on Market13
Property Features for 105-107 8th Avenue Drive SE Unit 1
General Information
Standard status
Active
Size
2,666 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
granite countertops
stainless steel appliances
soft-close shaker cabinets
matte black finishes
luxury vinyl plank flooring
main-level laundry closet
fresh sod
separate utility meters
dedicated parking
open-concept layout
Size: 0.12, Dimensions: 117X44, Size Units: Acres
Garage Spaces: 0, Man Level Garage: 0
Details: Central Air, Electric
Heating: Central, Electric
Description: Electric Dryer Hookup, Laundry Closet, Main Level, Washer Hookup
Days on Market: 1, Listing Price: 430000, Status: Active
Parking Total: 4
Elementary: Longview/Southwest, Middle/Junior High: Northview, High School: Hickory
Total Bathrooms: 6
Finished Area Above Grade: 2666, Area: 2666, Architecture: Colonial, Building Area: 2666, Construction Materials: Vinyl, Stories: 2, Year Built: 2026, Construction Type: Site Built
Unit: 1, City: Hickory, State: NC, Zip: 28601, County: Catawba, Subdivision: None, Directions: Make sure to use full street address 8th Ave Dr SE
Full Bathrooms: 4, Half Bathrooms: 2
Sewer: Public Sewer, Water Source: City
Description: Yes
Auction Y/N: 0
Patio Features: Patio
Description: Dishwasher, Electric Range, Microwave, Refrigerator
Building Details
Building Size
2,666 SF
Year Built
2026
Buildings
1
Listing Agency:
Gladysh Realty LLC
(413) 355-0545
Listed By:
Viktoriya Gladysh
(413) 355-0545
Source:
Blackstreaminternational
Added: Jul 31
Changed: Aug 11
Last Checked: Aug 11 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gladysh Realty LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,666-square-foot duplex contains two residences, each with 3 bedrooms and 2.5 bathrooms. Both units use an open-concept floor plan with granite countertops, stainless steel appliances, soft-close shaker cabinetry, matte black finishes, luxury vinyl plank flooring, and a main-level laundry closet. Fresh sod, separate utility meters, and dedicated parking for two or more vehicles add practical functionality. A 1-year builder warranty is included.
The property is located at 105-107 8th Avenue Drive SE Unit 1 in Hickory, near downtown restaurants, shopping, parks, schools, major highways, and Lenoir-Rhyne University. The duplex configuration supports both owner-occupancy with rental income and traditional investment use, as described in the property information.
The property is located at 105-107 8th Avenue Drive SE Unit 1 in Hickory, near downtown restaurants, shopping, parks, schools, major highways, and Lenoir-Rhyne University. The duplex configuration supports both owner-occupancy with rental income and traditional investment use, as described in the property information.
Key Highlights
- 2026 construction with 2,666 SF of total building area
- Two units, each offering 3 bedrooms and 2.5 bathrooms
- Open‑concept interiors with granite, stainless appliances, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,600
$481.6K
Cap Rate 7%
$344,000
$344.0K
Cap Rate 9%
$267,556
$267.6K
Market Conditions
NOI Build-Up for 2,666 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.8K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.4K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.1K $9.03/SF
Area
Catawba County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,600
Cap Rate 7%
$344,000
Cap Rate 9%
$267,556
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$778.8K
$681.4K – $908.6K
NOI $54,514 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 28601, NC
53,973
Population
23,400
Households
2.3
Avg Household Size
42
Median Age
35%
College-Educated
90%
High-School Grad
47.1 sq mi
ZIP Area
1,146
Density / Sq Mi
$67,839
Median Household Income
$41,697
Median Earnings
$951
Median Rent
$236,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer contemporary finishes, individual parking, and convenient access to downtown amenities and Lenoir-Rhyne University.
Where is this duplex located?
The property is located at 105-107 8th Avenue Drive SE Unit 1 Hickory, NC.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2026 construction with 2,666 SF of total building area; Two units, each offering 3 bedrooms and 2.5 bathrooms; Open‑concept interiors with granite, stainless appliances, and luxury vinyl plank flooring
