Residential Income
180 Commercial Boulevard Lexington, NC 27292
New
180 Commercial Boulevard, Lexington, NC, 27292
$199,900
For Sale
$199,900
MULTI_FAMILY - Lexington, NC
Property Size1,436 SF
Price / SF$139.21
Days on Market2
Property Features for 180 Commercial Boulevard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HC
- Standard status
- Active
- Size
- 1,436 SF
Utilities
- Sewer type
- Septic Tank
Building Details
- Year built
- 1952
Listing agency
Leonard Craver Realty Inc
(336) 249-0296
Listed by
Becky Klass
(336) 300-6605
Added: Jul 21 Checked: Jul 22 at 5:06AM
MLS# 1228091
Copyright © 2026 Triad Multiple Listing Service. 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 residential income property features a 3-bedroom, 2-bath layout with a den that includes a fireplace with gas logs. The home also offers a screened back porch equipped with a built-in grill, providing an outdoor space for dining. Set in a wooded setting, the property’s backyard offers a private, natural setting.
The property is listed at 180 Commercial Boulevard in Lexington, North Carolina (Davidson County). Zoning is designated as HC. Two parcels are included in the purchase.
The information provided does not specify additional building details beyond the described interior and outdoor features.
The property is listed at 180 Commercial Boulevard in Lexington, North Carolina (Davidson County). Zoning is designated as HC. Two parcels are included in the purchase.
The information provided does not specify additional building details beyond the described interior and outdoor features.
Key Highlights
- 1952‑built 3‑bedroom, 2‑bath home
- Septic tank sewer system
- Cozy den with a fireplace using gas logs
Local Financial Insights For Apartment 5plus
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 | $22.9k | $15.96 |
| − Vacancy | −$1.6k | −$1.12 |
| EGI | $21.3k | $14.84 |
| − OpEx | −$9.6k | −$6.68 |
| NOI | $11.7k | $8.16 |
1,436 SF · lease $15.96/SF/yr · vacancy 7.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$167.5K
$146.5K – $195.4K
NOI $11,723 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.3K
$318.8K – $425.1K
NOI $25,503 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - 3-bedroom, 2-bath home with den fireplace with gas logs and a screened porch with built-in grill.
Where is this single family property located?
The property is located at 180 Commercial Boulevard Lexington, NC.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1952‑built 3‑bedroom, 2‑bath home; Septic tank sewer system; Cozy den with a fireplace using gas logs
