Renovated Duplex with Leased
For Sale
$254,900
134 & 136 Dunham Avenue, Salisbury, NC 28146
Two residential units feature updated systems and interior finishes.
Property Size1,952 SF
Price / SF$164.45
Days on Market50
Property Features for 134 & 136 Dunham Avenue
General Information
Standard status
Active
Size
1,952 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Average Monthly Rent
$900
Multifamily Units
2
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 070019, Assessed Value: $141,515
Central Air
Central, Natural Gas
Electric Dryer Hookup, In Kitchen, Washer Hookup
Listing ID: CAR4415441, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 8 days on market, Special Conditions: Subject to Lease
Driveway
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
4 total bedrooms
Built in 1952, Living area: 1550, Construction Materials: Asbestos
County/Parish: Rowan
2 full bathrooms
Water Source: City
Crawl Space
Other - See Remarks
Allowed: No
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel, Paved
Dishwasher, Electric Range, Refrigerator
Building Details
Building Size
1,952 SF
Year Built
1952
Tenancy
Multi
Listing Agency:
Rowan Realty Ltd.
(704) 633-1071
Listed By:
Debbie Miller
(704) 239-5538
Source:
Blackstreaminternational
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 6:57PM
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 Rowan Realty Ltd.
Investment Insights
Based on property information with market context.
Built in 1952, this duplex includes two residential units at 134 & 136 Dunham Avenue in Salisbury, North Carolina. Renovation work completed after the 2019 acquisition addressed the roof, plumbing, electrical systems, kitchens, flooring, and paint. HVAC units were replaced with new equipment in 2020 and 2025, while the dishwasher in 134 was replaced this year.
Each unit carries a new one-year lease, and occupancy dates to 2019. The seller pays for yard maintenance and arranges HVAC maintenance 2 x / year. Tenant privacy is requested, with showings permitted upon an acceptable offer.
Each unit carries a new one-year lease, and occupancy dates to 2019. The seller pays for yard maintenance and arranges HVAC maintenance 2 x / year. Tenant privacy is requested, with showings permitted upon an acceptable offer.
Key Highlights
- Two residential units each have a new one year lease
- Renovations include the roof, plumbing, electrical systems, kitchens, flooring, and paint
- New HVAC units from 2020 and 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,000
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,000
$280.0K
Cap Rate 7%
$200,000
$200.0K
Cap Rate 9%
$155,556
$155.6K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$21.4K $13.80/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$20.0K $12.90/SF
− OpEx
−$6.0K −$3.87/SF
NOI
$14.0K $9.03/SF
Area
Rowan County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,000
Cap Rate 7%
$200,000
Cap Rate 9%
$155,556
Alternative Uses
Best Use
Multifamily LT 5
$200.0K
$175.0K – $233.3K
NOI $14,000 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$180.3K
$157.8K – $210.4K
NOI $12,624 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$487.9K
$426.9K – $569.2K
NOI $34,150 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 28146, NC
29,572
Population
14,111
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
92%
High-School Grad
97.1 sq mi
ZIP Area
305
Density / Sq Mi
$67,053
Median Household Income
$43,106
Median Earnings
$888
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature updated systems and interior finishes.
Where is this duplex located?
The property is located at 134 & 136 Dunham Avenue Salisbury, NC.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two residential units each have a new one year lease; Renovations include the roof, plumbing, electrical systems, kitchens, flooring, and paint; New HVAC units from 2020 and 2025
