Two-Unit Duplex with Private
For Sale
Under Contract
$519,900
106 King Street, Monroe, NC 28110
Residential Income, Monroe, NC
Property Size2,543 SF
Lot Size0.34 Acres
Price / SF$204.44
Days on Market95
Property Features for 106 King Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning description
CAO-B
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 2, Dining Room, Laundry Room, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Parking features
Driveway
Pets allowed
Yes
Appliances
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
Elementary school
Unspecified
Middle school
Unspecified
High school
Unspecified
Directions
GPS directions to 2312 Sunset Avenue, Gastonia, North Carolina 28052
Standard status
Active Under Contract
APN
09226052
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
#41-#43 BLKC CYLONE HEIGHTS PB01 PG104
Legal Description
#41-#43 BLKC CYLONE HEIGHTS PB01 PG104
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
CEDAR REALTY LLC
(704) 453-2650
Listed By:
Brandon Chase
(704) 305-4178
Added: Jul 17
Changed: Oct 17
Last Checked: Oct 19 at 2:06AM
MLS# 4405027
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residences with approximately 2,543 heated square feet combined. Each side has a great room, dining area, kitchen with breakfast space, main-level laundry, and a powder room. Upstairs are a primary suite with an ensuite bathroom, two additional bedrooms, and another full bathroom. Both residences have private entrances. The property sits on 0.34 acres and is listed with a 2026 year built.
The property is near downtown Monroe, Highway 74, the Monroe Expressway, Atrium Health Union, shopping, and dining. Building features include vinyl construction, central heating and air conditioning, and driveway parking.
The property is near downtown Monroe, Highway 74, the Monroe Expressway, Atrium Health Union, shopping, and dining. Building features include vinyl construction, central heating and air conditioning, and driveway parking.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- Approximately 2,543 heated square feet
- 0.34‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,969
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,380
$459.4K
Cap Rate 7%
$328,129
$328.1K
Cap Rate 9%
$255,211
$255.2K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$35.1K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.8K $12.90/SF
− OpEx
−$9.8K −$3.87/SF
NOI
$23.0K $9.03/SF
Area
Union 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 Rate 5%
$459,380
Cap Rate 7%
$328,129
Cap Rate 9%
$255,211
Alternative Uses
Best Use
Multifamily LT 5
$328.1K
$287.1K – $382.8K
NOI $22,969 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$298.1K
$260.9K – $347.8K
NOI $20,870 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$785.5K
$687.3K – $916.4K
NOI $54,984 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 28110, NC
53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, two-and-a-half bathrooms, and a separate entrance.
Where is this duplex located?
The property is located at 106 King Street Monroe, NC.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; Approximately 2,543 heated square feet; 0.34‑acre lot
