New-Construction Duplex for
106 King Street Monroe, NC 28110
New
106 King Street, Monroe, NC, 28110
$529,900
For Sale
$529,900
MULTI_FAMILY - Other - Monroe, NC
Property Size2,543 SF
Lot Size0.34 Acres
Price / SF$208.38
Days on Market2
Property Features for 106 King Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Laundry Room, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 3
- Parking features
- Driveway
- Pets allowed
- Yes
- Appliances
- Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range
- Standard status
- Active
- APN
- 09226052
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Description
- #41-#43 BLKC CYLONE HEIGHTS PB01 PG104
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air, Ceiling Fan(s)
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
2339 Odell School Road Suite A, Harrisburg, NC
Listed by
Brandon Chase · License #249103
(704) 305-4178
Added: Jul 17 Checked: Jul 18 at 3:06 am
MLS# 4405027
Listing URL
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.
This completed new-construction duplex features two independent residences, each with a private entrance and a matching layout. Each side includes a spacious great room, dedicated dining area, and a well-appointed kitchen with breakfast space. Convenient in-unit amenities include main-level laundry and a powder room. Upstairs, every residence offers a private primary suite with an ensuite bath, plus two additional bedrooms and a second full bathroom.
Located near downtown Monroe, Highway 74, the Monroe Expressway, Atrium Health Union, and nearby shopping and dining, the property provides convenient access to major corridors and everyday destinations.
With two complete homes under one roof, this duplex is ready for its first owners or tenants.
Located near downtown Monroe, Highway 74, the Monroe Expressway, Atrium Health Union, and nearby shopping and dining, the property provides convenient access to major corridors and everyday destinations.
With two complete homes under one roof, this duplex is ready for its first owners or tenants.
Key Highlights
- Duplex under construction (Year built 2026) with approximately 2,543 heated SF
- Each side offers 3 bedrooms and 2.5 bathrooms with a private entrance
- Main level for each unit includes a spacious great room, dedicated dining area, kitchen with breakfast space, and laundry plus a powder room
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $13.80 |
| − Vacancy | −$2.3k | −$0.90 |
| EGI | $32.8k | $12.90 |
| − OpEx | −$9.8k | −$3.87 |
| NOI | $23.0k | $9.03 |
2,543 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.1K
$287.1K – $382.8K
NOI $22,969 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$298.1K
$260.9K – $347.8K
NOI $20,870 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$785.5K
$687.3K – $916.4K
NOI $54,984 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Completed duplex offers two separate residences with private entrances and matching 3-bedroom, 2.5-bath layouts.
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 $529,900.
What are key features of this property?
This property features: Duplex under construction (Year built 2026) with approximately 2,543 heated SF; Each side offers 3 bedrooms and 2.5 bathrooms with a private entrance; Main level for each unit includes a spacious great room, dedicated dining area, kitchen with breakfast space, and laundry plus a powder room
