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Four-Unit Multifamily Property
For Sale
$320,000

1101 College Avenue SW, Lenoir, NC 28645

Residential Income, Lenoir, NC

Property SizeContact for details
Lot Size0.25 Acres
Days on Market197

Property Features for 1101 College Avenue SW

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description R-6
Bedrooms 6
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features On Street, Garage - Detached, Driveway
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
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
Legal 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
Listed By: Alba Carbajal Martinez
Added: Feb 18 Changed: Sep 1 Last Checked: Sep 3 at 8:06PM
MLS# 4345154

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 1920 multifamily property contains four separately operated units on a 0.25-acre parcel in Lenoir. The current owner completed electrical updates and other improvements, while a new roof was installed in 2023. Units are equipped with window HVAC systems, and one unit does not include a kitchen.

Tenancies are structured on a month-to-month basis. The property has hard stucco construction, public sewer service, and parking options that include on-street parking, a driveway, and a detached garage. The configuration includes six bedrooms and five bathrooms across the property.

Key Highlights

  • Four separately operated residential units
  • New roof installed in 2023
  • Electrical updates and improvements completed by current owner

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store Garden Center Carpet & Flooring Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

818
Businesses Nearby

Demographics for 28645, NC

46,004
Population
21,558
Households
2.1
Avg Household Size
45
Median Age
17%
College-Educated
82%
High-School Grad
329.1 sq mi
ZIP Area
140
Density / Sq Mi
$50,529
Median Household Income
$34,526
Median Earnings
$726
Median Rent
$157,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Four separate units offer flexible occupancy with month-to-month lease terms and recent property improvements.
Where is this multifamily property 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: Four separately operated residential units; New roof installed in 2023; Electrical updates and improvements completed by current owner
More about this property
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