New-Construction Duplex With Two
For Sale
$519,900
106 King Street A & B, Monroe, NC 28110
Completed duplex offers two independent 3-bedroom residences, each with private entrance and in-unit laundry.
Property Size2,543 SF
Price / SF$204.44
Days on Market88
Property Features for 106 King Street A & B
General Information
Standard status
Active
Size
2,543 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
CEDAR REALTY LLC
Listed By:
Brandon Chase · License #249103
(704) 305-4178
Source:
Mycrosskeys
Added: Jul 25
Changed: Oct 13
Last Checked: Oct 7 at 2:19PM
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 CEDAR REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This completed new-construction duplex includes two separate residences, each with 3 bedrooms and 2.5 bathrooms, along with a private entrance. Each unit features a spacious great room, a dedicated dining area, and a kitchen with breakfast space. Convenience is built into the layout with main-level laundry and a powder room. Upstairs, each residence provides a private primary suite with an ensuite bath, two additional bedrooms, and a second full bathroom.
The property is located near downtown Monroe and provides access to Highway 74 and the Monroe Expressway, with Atrium Health Union, shopping, and dining nearby.
Ready for its first owners or tenants, this property offers a two-home configuration without renovation or deferred maintenance associated with older multifamily buildings.
The property is located near downtown Monroe and provides access to Highway 74 and the Monroe Expressway, with Atrium Health Union, shopping, and dining nearby.
Ready for its first owners or tenants, this property offers a two-home configuration without renovation or deferred maintenance associated with older multifamily buildings.
Key Highlights
- Completed new‑construction duplex built in 2026 with two independent residences
- Approximately 2,543 heated SF total; each unit features 3 bedrooms and 2.5 bathrooms
- Each residence has a private entrance and in‑unit laundry on the main level
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Completed duplex offers two independent 3-bedroom residences, each with private entrance and in-unit laundry.
Where is this duplex located?
The property is located at 106 King Street A & B 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: Completed new‑construction duplex built in 2026 with two independent residences; Approximately 2,543 heated SF total; each unit features 3 bedrooms and 2.5 bathrooms; Each residence has a private entrance and in‑unit laundry on the main level
