Search
Twelve-Unit Apartment Building
For Sale
$625,000

218 37th Street SW, Hickory, NC 28602

MULTI_FAMILY - Hickory, NC

Property Size600 SF
Lot Size2.52 Acres
Price / SF$1,041
Days on Market342

Property Features for 218 37th Street SW

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 24
Bathrooms 12
Full bathrooms 12
Rooms Bedroom 12, Bedroom 7, Bathroom 11, Bedroom 18, Bedroom 13, Bedroom 24, Bathroom 3, Bathroom 6, Bathroom 12, Bedroom 22, Bedroom 16, Bathroom 8, Bedroom 3, Bathroom 4, Bathroom 7, Bedroom 2, Bedroom 6, Bedroom 21, Bedroom 17, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 5, Bedroom 15, Bathroom 1, Bedroom 14, Bathroom 2, Bedroom 20, Bedroom 10, Bedroom 4, Bedroom 23, Bathroom 10, Bedroom 11, Bathroom 9, Bedroom 9, Bedroom 19
Subdivision Not in a Subdivision
Standard status Active
APN 0032356
Size 600 SF
Lot size 2.52 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 3165

Utilities

Sewer type Public Sewer
Heating system Varies by Unit (Heating)
Cooling system Window Unit(s), Wall/Window Unit(s)

Building Details

Year built 2013
Floors in Building 2
Number of units 4
Flooring type Vinyl, Carpet
Listing Agency: Keller Williams Elite Realty · Keller Williams Realty
Listed By: Michelle Edwards Mitchell · License #121569
Added: Sep 8, 2025 Changed: Aug 10 Last Checked: Aug 15 at 7:06AM
MLS# 10120646

Copyright © 2026 Doorify MLS. 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.

Twelve-unit apartment building at 218 37th Street SW in Hickory, NC (Burke County). The property sits on 2.52 acres and was built in 2013. Reported flooring includes vinyl and carpet, with heating that varies by unit. Cooling is provided via window unit(s) and wall/window unit(s). Sewer service is public sewer.

As of the listing remarks, 7 of the 12 units are currently leased, while the remaining 5 units are in the process of getting ready. The property size is listed as 600 square feet.

This configuration supports an income-focused multifamily use with a mix of occupied and preparing units at the time of sale.

Key Highlights

  • Twelve‑unit apartment building with 7 units currently leased and 5 units in the process of getting ready
  • 2.52 acres
  • Built in 2013

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Plumbing Service

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

121
Businesses Nearby

Demographics for 28602, NC

29,184
Population
12,941
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
70.7 sq mi
ZIP Area
413
Density / Sq Mi
$56,031
Median Household Income
$36,519
Median Earnings
$830
Median Rent
$180,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Built in 2013 with public sewer, unit-level heating, and window or wall air conditioning.
Where is this apartment building located?
The property is located at 218 37th Street SW Hickory, NC.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Twelve‑unit apartment building with 7 units currently leased and 5 units in the process of getting ready; 2.52 acres; Built in 2013
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message