Multifamily Property with Commercial
204 E Trade St, Dallas, NC 28034
For Sale
$339,900
Currently used as rental homes, with B3-P zoning and walkable access to downtown-area amenities.
Property Size2,600 SF
Lot Size0.59 Acres
Price / SF$130.73
Days on Market53
Property Features for 204 E Trade St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
Coldwell Banker Carver-Pressley, Realtors
Listed By:
Carla Howell · License #129522
(704) 616-0872
Source:
Mycrosskeys
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 7 at 4:16PM
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 Coldwell Banker Carver-Pressley, Realtors
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Investment Insights
Based on property information with market context.
This multifamily property at 204 E Trade St is currently operated as rental housing and was built in 1947. The site encompasses .59 acres and carries B3-P zoning, with the source information indicating potential for conversion to commercial use.
Positioned along a primary route into downtown Dallas, the property is within walking distance of restaurants, the library, courthouse, salons, and other downtown services. Its existing residential income use and commercial zoning provide two distinct ways to evaluate the asset, subject to applicable approvals and requirements.
Positioned along a primary route into downtown Dallas, the property is within walking distance of restaurants, the library, courthouse, salons, and other downtown services. Its existing residential income use and commercial zoning provide two distinct ways to evaluate the asset, subject to applicable approvals and requirements.
Key Highlights
- .59‑acre multifamily property at 204 E Trade St
- Built in 1947
- Currently used as rental homes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,507
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,140
$550.1K
Cap Rate 7%
$392,957
$393.0K
Cap Rate 9%
$305,633
$305.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$54.6K $21.00/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$50.0K $19.24/SF
− OpEx
−$22.5K −$8.66/SF
NOI
$27.5K $10.58/SF
Area
Gaston County, NC
Vacancy
8.40%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,140
Cap Rate 7%
$392,957
Cap Rate 9%
$305,633
Alternative Uses
Best Use
Apartment 5plus
$393.0K
$343.8K – $458.5K
NOI $27,507 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$916.5K
$802.0K – $1.07M
NOI $64,157 @ 7.0% cap · market cap 18.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 28034, NC
19,258
Population
8,085
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
86%
High-School Grad
45.6 sq mi
ZIP Area
422
Density / Sq Mi
$59,969
Median Household Income
$42,804
Median Earnings
$841
Median Rent
$221,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Gaston County, NC
Properties on Market for Multifamily properties in Gaston County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Currently used as rental homes, with B3-P zoning and walkable access to downtown-area amenities.
Where is this multifamily property located?
The property is located at 204 E Trade St Dallas, NC.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: .59‑acre multifamily property at 204 E Trade St; Built in 1947; Currently used as rental homes
