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Multifamily Property Portfolio
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207 N Morris St, Gastonia, NC 28052

Multifamily portfolio with 93% occupancy and properties concentrated along shared streets and nearby neighborhoods.

Property SizeContact for details
Days on Market12

Property Features for 207 N Morris St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 93%

Additional Details

Average Monthly Rent $954

Building Details

Year Built 1900
Units 141
Listed By: Alex Rossitch
Source: Alinecapital
Added: Sep 16 Last Checked: Sep 26 at 5:33AM

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 Alex Rossitch

Investment Insights

Based on property information with market context.

This multifamily portfolio includes multiple properties concentrated along the same streets and within nearby neighborhoods, creating a geographically clustered operating footprint. The properties carry a reported 93% occupancy rate, with in-place rents established across the portfolio. One associated property record identifies 207 N Morris St, Gastonia, NC 28052, with a 1900 year built designation.

The portfolio is situated in Gaston County, where the source data reports 7.1% five-year population growth and 33% renter occupancy. The regional employment base includes 12,384 jobs announced across 23 projects, along with 25 employers employing 1,000 or more people. Three projects totaling 623 units are under construction within Gaston County.

Key Highlights

  • 93% reported occupancy across the multifamily portfolio
  • Multiple properties clustered along the same streets and nearby neighborhoods
  • 207 N Morris St, Gastonia, NC 28052 identified in the portfolio record

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Veterinary Clinic Florist Kitchen & Bath Showroom

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

93%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,219
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?
Multifamily property - Multifamily portfolio with 93% occupancy and properties concentrated along shared streets and nearby neighborhoods.
Where is this multifamily property located?
The property is located at 207 N Morris St Gastonia, NC.
What are key features of this property?
This property features: 93% reported occupancy across the multifamily portfolio; Multiple properties clustered along the same streets and nearby neighborhoods; 207 N Morris St, Gastonia, NC 28052 identified in the portfolio record
More about this property
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