Four-Unit Quadplex
For Sale
$434,999
112 Freeze Avenue NW, Concord, NC 28025
Two detached duplex buildings provide four residential units on one parcel.
Property Size1,935 SF
Price / SF$179.46
Days on Market97
Property Features for 112 Freeze Avenue NW
General Information
Standard status
Active
Size
1,935 SF
Property subtype
Fourplex
Site & Location
Neighborhood
Gibs
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 5621-41-6259-0000, Assessed Value: $285,280
Window Unit(s)
Heat Pump
Electric Dryer Hookup, Washer Hookup
Listing ID: CAR4403975, Standard Status: Active, MLS Status: Active, Property Subtype: Fourplex, 89 days on market, Special Conditions: None
Driveway
Elementary School: Unspecified, Middle School: Concord, High School: Concord
4 total bedrooms
Built in 1935, Living area: 2424, Construction Materials: Aluminum, Vinyl
County/Parish: Cabarrus
4 full bathrooms
Water Source: City
Slab
Allowed: Conditional
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel
Electric Oven, Electric Water Heater, Refrigerator
Building Details
Building Size
1,935 SF
Year Built
1935
Buildings
2
Tenancy
Multi
Listing Agency:
Oaktree Real Estate
Listed By:
James Nieman
(704) 363-0422
Source:
Blackstreaminternational
Added: Jul 30
Changed: Nov 1
Last Checked: Nov 1 at 5:18AM
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 Oaktree Real Estate
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Investment Insights
Based on property information with market context.
This quadplex property comprises two separate duplex buildings with four residential units in total. The buildings are situated on one parcel and were constructed in 1935. The property is being sold as-is, making the existing building configuration an important consideration for prospective buyers.
The property is located at 112 and 114 Freeze Avenue NW in Concord, North Carolina. Its setting places the asset near downtown Concord, shopping, dining, employment centers, and major roadways. The total property size is 2,424 square feet. Buyers and their agents should independently verify unit layouts, bedroom and bathroom counts, leases, utilities, zoning, permitted use, and physical condition.
The property is located at 112 and 114 Freeze Avenue NW in Concord, North Carolina. Its setting places the asset near downtown Concord, shopping, dining, employment centers, and major roadways. The total property size is 2,424 square feet. Buyers and their agents should independently verify unit layouts, bedroom and bathroom counts, leases, utilities, zoning, permitted use, and physical condition.
Key Highlights
- Four total residential units across two separate duplex buildings
- 2,424‑square‑foot property
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,784
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,680
$515.7K
Cap Rate 7%
$368,343
$368.3K
Cap Rate 9%
$286,489
$286.5K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$39.3K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$36.8K $15.20/SF
− OpEx
−$11.1K −$4.56/SF
NOI
$25.8K $10.64/SF
Area
Concord, NC
Vacancy
6.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$515,680
Cap Rate 7%
$368,343
Cap Rate 9%
$286,489
Alternative Uses
Best Use
Multifamily LT 5
$368.3K
$322.3K – $429.7K
NOI $25,784 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$340.2K
$297.6K – $396.9K
NOI $23,811 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$660.6K
$578.0K – $770.7K
NOI $46,239 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
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Business Placement
Demographics for 28025, NC
58,260
Population
23,759
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
91%
High-School Grad
108.4 sq mi
ZIP Area
537
Density / Sq Mi
$79,271
Median Household Income
$43,167
Median Earnings
$1,223
Median Rent
$264,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two detached duplex buildings provide four residential units on one parcel.
Where is this quadplex located?
The property is located at 112 Freeze Avenue NW Concord, NC.
What is the asking price?
The asking price for this property is $434,999.
What are key features of this property?
This property features: Four total residential units across two separate duplex buildings; 2,424‑square‑foot property; Built in 1935
