4-Unit Duplex
New
For Sale
$750,000
Pending
1943-1955 Glen Manor Court # 1-2, Lincolnton, NC 28092
Each residence includes two bedrooms, one bathroom, an attached garage, and washer and dryer hookups.
Property Size1,808 SF
Days on Market3
Property Features for 1943-1955 Glen Manor Court # 1-2
General Information
Standard status
Pending
Size
1,808 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Amenities
washer and dryer hookups
Carpet,Vinyl
No
8
Insulated Window(s)
In Garage
Attic Other
1808
Well
0.75
Driveway,Attached Garage,Garage Faces Front
Concrete,Paved
Crawl Space
Publicly Maintained Road
Yes
Building Details
Building Size
1,808 SF
Year Built
2016
Buildings
2
Listing Agency:
(828) 518-2675
Listed By:
Maddison McMahan
Source:
Lussorealty
Added: Oct 29
Last Checked: Oct 29 at 7:55AM
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 Maddison McMahan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2016, the property comprises two duplex buildings with four residences. Each unit has two bedrooms, one bathroom, and an attached single-car garage. Washer and dryer hookups are located in the garage of each unit.
All four units are currently leased. The property is in Lincolnton, North Carolina.
All four units are currently leased. The property is in Lincolnton, North Carolina.
Key Highlights
- Two duplex buildings with four units total
- Each unit has two bedrooms and one bathroom
- Attached single‑car garage for each unit, with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,963
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,260
$419.3K
Cap Rate 7%
$299,471
$299.5K
Cap Rate 9%
$232,922
$232.9K
Market Conditions
NOI Build-Up for 1,808 SF
Gross rent
$32.5K $18.00/SF
− Vacancy
−$2.6K −$1.44/SF
EGI
$29.9K $16.56/SF
− OpEx
−$9.0K −$4.97/SF
NOI
$21.0K $11.59/SF
Area
Lincoln County, NC
Vacancy
7.98%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,260
Cap Rate 7%
$299,471
Cap Rate 9%
$232,922
Alternative Uses
Best Use
Multifamily LT 5
$299.5K
$262.0K – $349.4K
NOI $20,963 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$273.3K
$239.1K – $318.8K
NOI $19,128 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$569.1K
$497.9K – $663.9K
NOI $39,834 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 28092, NC
38,719
Population
17,332
Households
2.2
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
119.9 sq mi
ZIP Area
323
Density / Sq Mi
$62,625
Median Household Income
$41,155
Median Earnings
$937
Median Rent
$220,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one bathroom, an attached garage, and washer and dryer hookups.
Where is this duplex located?
The property is located at 1943-1955 Glen Manor Court # 1-2 Lincolnton, NC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two duplex buildings with four units total; Each unit has two bedrooms and one bathroom; Attached single‑car garage for each unit, with washer and dryer hookups
