Four-Unit Residential Income
1101 College Avenue SW Lenoir, NC 28645
1101 College Avenue SW, Lenoir, NC, 28645
$320,000
For Sale
$320,000
MULTI_FAMILY - Lenoir, NC
Lot Size0.25 Acres
Days on Market152
Property Features for 1101 College Avenue SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 6
- Parking features
- Garage - Detached, On Street, Driveway
- Standard status
- Active
- APN
- 06-13-4-7
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- BK 2033 PG 986 YR 21 ST 300.00
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 3
- Building materials
- Hard Stucco
Listing Agency
Nestlewood Realty, LLC
(704) 302-4464
2108 South Blvd #107, Charlotte, NC
Listed by
Alba Carbajal Martinez
(828) 449-5227
Added: Feb 18 Checked: Jul 20 at 12:06 pm
MLS# 4345154
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 four-unit residential income property is currently operated as four separate units. The owner has completed electrical updates and other improvements, and a new roof was installed in 2023. Each unit is equipped with window HVAC systems. Notably, one unit does not include a kitchen, while the other units do. Tenants are on month-to-month leases, which can provide flexibility for an investor managing occupancy and unit turns.
Located at 1101 College Avenue SW in Lenoir, North Carolina (Caldwell County), the property is configured for four independent rental units. Current gross rents total $2,900 per month across the four units, reflecting the existing tenant and lease structure.
For buyers or operators looking for a small, multi-unit hold, the recent roof and electrical work help reduce near-term capital items relative to a typical older rental. The window HVAC configuration may simplify unit-level heating and cooling service. With all tenants on month-to-month terms, the property may be well-suited for someone planning to review unit performance and leasing strategies over time, including consideration of the one non-kitchen unit in their operating plan.
Located at 1101 College Avenue SW in Lenoir, North Carolina (Caldwell County), the property is configured for four independent rental units. Current gross rents total $2,900 per month across the four units, reflecting the existing tenant and lease structure.
For buyers or operators looking for a small, multi-unit hold, the recent roof and electrical work help reduce near-term capital items relative to a typical older rental. The window HVAC configuration may simplify unit-level heating and cooling service. With all tenants on month-to-month terms, the property may be well-suited for someone planning to review unit performance and leasing strategies over time, including consideration of the one non-kitchen unit in their operating plan.
Key Highlights
- Income‑producing multi‑unit property with four separate units currently operated as four units
- New roof installed in 2023
- Electrical updates and improvements completed by the current owner
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit income property with a 2023 roof and window HVAC; three kitchens plus one unit without a kitchen.
Where is this quadplex located?
The property is located at 1101 College Avenue SW Lenoir, NC.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Income‑producing multi‑unit property with four separate units currently operated as four units; New roof installed in 2023; Electrical updates and improvements completed by the current owner
