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Apartment Property Portfolio
For Sale
$997,000
Pending

1204 Iva Avenue, Gastonia, NC 28052

Residential Income, Gastonia, NC

Property SizeContact for details
Lot Size1.26 Acres
Days on Market123

Property Features for 1204 Iva Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description R1
Bedrooms 22
Bathrooms 8
Full bathrooms 8
Rooms Bedroom 16, Bedroom 10, Bedroom 17, Bedroom 4, Bedroom 11, Bedroom 22, Bedroom 5, Bedroom 6, Bedroom 12, Bathroom 4, Bedroom 14, Bathroom 1, Bedroom 20, Bathroom 7, Bedroom 2, Bedroom 13, Bathroom 5, Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 19, Bathroom 2, Bathroom 6, Bedroom 1, Bedroom 7, Bedroom 21, Bedroom 15, Bedroom 9, Bathroom 8, Bedroom 18
Parking features Driveway
Pets allowed Yes
Elementary school Unspecified
Middle school Unspecified
High school Unspecified
Standard status Pending
APN 112055
Lot size 1.26 Acres

Taxes and HOA fees

Tax Description . 01 075 081 01 000
Legal Description . 01 075 081 01 000

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air

Building Details

Year built 1960
Number of units 8
Building materials Vinyl
Listing Agency: Metric Realty Company
Listed By: Chris Felder
Added: May 28 Changed: Sep 23 Last Checked: Sep 27 at 2:06PM
MLS# 4382471

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 apartment property portfolio includes eight single-family residences situated within one block of one another on approximately 1.26 acres in Gastonia. The homes were built in 1960 and feature vinyl construction, central heating and air conditioning, driveway parking, and public sewer service. One residence was fully gutted and remodeled after hurricane damage, with permitted work and a Certificate of Compliance issued by the City of Gastonia Code Enforcement in March 2026.

One property is currently vacant and requires improvements before it can be leased. The portfolio is professionally managed, and the homes are located approximately 45 minutes from Uptown Charlotte and 30 minutes from Charlotte Douglas International Airport. The property information notes that acreage and building measurements are approximate and based on public records.

Key Highlights

  • Eight single‑family properties included in the portfolio
  • Approximately 1.26 acres in Gastonia, NC
  • All properties positioned within one block of one another

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Hair Salon Building Supply Spa & Massage Center Big Box & Wholesale Store Restaurant

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

126
Businesses Nearby

Demographics for 28052, NC

35,332
Population
15,561
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
83%
High-School Grad
41.4 sq mi
ZIP Area
853
Density / Sq Mi
$46,015
Median Household Income
$34,339
Median Earnings
$1,058
Median Rent
$173,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Eight professionally managed residences positioned within one block of one another in Gastonia’s Charlotte-area market.
Where is this apartment building located?
The property is located at 1204 Iva Avenue Gastonia, NC.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: Eight single‑family properties included in the portfolio; Approximately 1.26 acres in Gastonia, NC; All properties positioned within one block of one another
More about this property
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