New-Construction Duplex With Two
106 King Street Unit A & B Monroe, NC 28110
For Sale
$529,900
Completed duplex offers two independent 3-bedroom residences, each with private entrance and in-unit laundry.
Property Size2,543 SF
Price / SF$208.38
Days on Market13
Property Features for 106 King Street Unit A & B
General Information
Standard status
Active
Size
2,543 SF
Property subtype
Duplex
Building Details
Year Built
2026
Listing Agency:
CEDAR REALTY LLC
(704) 305-4178
Listed By:
Brandon Chase
(704) 305-4178
Source:
Blackstreaminternational
Added: Jul 17
Changed: Jul 26
Last Checked: Jul 29 at 5:53AM
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
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 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 authorities.
Property Analytics
Location Intelligence
Current Use
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 Unit A & B 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: 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
