Four-Unit Quadplex
New
For Sale
$499,900
112 Freeze Avenue NW, Concord, NC 28025
Two detached duplex buildings provide four residential units on one parcel.
Property Size2,424 SF
Price / SF$206.23
Days on Market4
Property Features for 112 Freeze Avenue NW
General Information
Standard status
Active
Size
2,424 SF
Property subtype
Fourplex
Amenities
Size: 0.34, Size Units: Acres
Man Level Garage: 0
Details: Window Unit(s)
Heating: Heat Pump
Description: Electric Dryer Hookup, Washer Hookup
Days on Market: 1, Listing Price: 499900, Status: Active
Elementary: Unspecified, Middle/Junior High: Concord, High School: Concord
Total Bathrooms: 4
Finished Area Above Grade: 2424, Area: 2424, Building Area: 2424, Construction Materials: Aluminum, Vinyl, Year Built: 1935, Construction Type: Site Built
City: Concord, State: NC, Zip: 28025, County: Cabarrus
Full Bathrooms: 4
Sewer: Public Sewer, Water Source: City
Description: Conditional
Auction Y/N: 0
Description: Electric Oven, Electric Water Heater, Refrigerator
Building Details
Building Size
2,424 SF
Year Built
1935
Buildings
2
Tenancy
Multi
Listing Agency:
Oaktree Real Estate
(704) 363-0422
Listed By:
James Nieman
(704) 363-0422
Source:
Blackstreaminternational
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 6:06AM
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
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 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 | $39.3k | $16.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $36.8k | $15.20 |
| − OpEx | −$11.1k | −$4.56 |
| NOI | $25.8k | $10.64 |
2,424 SF · lease $16.20/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.3K
$322.3K – $429.7K
NOI $25,784 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$340.2K
$297.6K – $396.9K
NOI $23,811 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$660.6K
$578.0K – $770.7K
NOI $46,239 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $499,900.
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
