Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lincolnton Duplex: Income Potential Title is generated by Realmo AI

    2237-2239 Catawba Heights Road, Lincolnton, NC 28092

    View on Map
    Claim this Listing
    New
    For Sale
    $355,000

    MULTI_FAMILY - Lincolnton, NC

    Lot size:
    0.78 Acres
    Added:
    May 31, 2026
    Days on Market:
    1
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 2237-2239 Catawba Heights Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 2, Laundry Room, Bedroom 1
    Parking features
    Driveway
    Appliances
    Dishwasher, Electric Range, Microwave
    Standard status
    Active
    APN
    02044
    Lot size
    0.78 Acres

    Taxes and HOA fees

    Tax Description
    PT113-119 120-125 BOGER H

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Number of units
    2
    Building materials
    Brick Full

    We can help!

    Listing Contact
    Rebecca Maiwald

    Listing agent Rebecca Maiwald License #297471

    Listing office Premier South 109 S Main St, Belmont, NC

    Listing date May 31, 2026

    MLS# 4387078 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Immediate cash flow from two fully occupied units.
    • Fully renovated to a modern style.
    • Full brick duplex.
    • Great location close to downtown Lincolnton.
    • Each unit has a spacious living area, gorgeous kitchen, and dining area.
    • Each unit includes a dishwasher, electric range, and microwave.

    Overview

    This income-producing duplex is located close to downtown Lincolnton. The full brick duplex contains two units, each featuring one bedroom and one full bath. The units offer spacious living areas and renovated kitchens with dining areas, styled in a modern design. A conveniently located laundry area is situated by the side door. Both units are currently occupied, providing immediate cash flow for the new owner. The property is situated on a 0.78-acre lot.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Lincolnton
    County
    Lincoln
    State
    North Carolina
    Longitude
    -81.206626
    Latitude
    35.475373

    Nearby Similar for Sale

    • $500,000
      3,100 SF

      Versatile Commercial Space in Lincolnton

      Prime commercial property in a thriving Lincolnton business corridor.
      2303 E Main Street, Lincolnton, NC 28092
      View Details
    • $300,000

      Versatile Commercial Property in Lincolnton

      Well-maintained commercial building with flexible floor plan and recent updates.
      511 Lee Avenue, Lincolnton, NC 28092
      View Details
    • $199,000
      1,520 SF

      Professional Office Space in Lincolnton

      Well-located 1,520 SF office space suitable for medical use.
      117 Doctors Park, Lincolnton, NC 28092
      View Details
    • $425,000

      Lincolnton Duplex: Investment Opportunity

      Duplex in Lincolnton with strong rental appeal and convenient location.
      108-110 Carpenter Street, Lincolnton, NC 28092
      View Details
    • $500,000
      3,160 SF

      Prime Commercial Property in Lincolnton

      Versatile commercial space ready for your vision in thriving Lincolnton.
      2303 E Main Street, Lincolnton, NC 28092
      View Details
    • $1,150,000
      80,000 SF

      Poultry Farm with Chicken Houses

      Poultry farm with four chicken houses on approximately 6.8 acres.
      00 River Road, Lincolnton, NC 28092
      View Details
    • $2,700,000

      Well-Maintained Industrial Building

      61,500+/- SF building ideal for manufacturing, distribution, or storage.
      113 Industrial Park Road, Lincolnton, NC 28092
      View Details
    • $250,000
      3,000 SF

      Lincolnton Retail Space For Sale

      Retail space with multiple uses in Lincolnton City Limits.
      625 N Aspen Street, Lincolnton, NC 28092
      View Details
    • $260,000
      2,292 SF

      Versatile Commercial Property on Corner

      Corner lot with high visibility, suitable for various businesses.
      2246 N Aspen Street, Lincolnton, NC 28092
      View Details
    • $1,700,000
      30,536 SF

      Multi-Use Commercial Property Investment

      30,536 SF multi-use property on 5.872 acres for sale.
      208 Lithia Inn Road, Lincolnton, NC 28092
      View Details
    • $2,708,000
      3,057 SF

      New Leased Retail Property

      Retail property with a new long-term lease and experienced operator.
      2216 E Main Street, Lincolnton, NC 28092
      View Details
    • Contact for pricing

      Retail Property in Lincolnton

      Retail property with Advance Auto Parts as current tenant.
      1017 East Main Street, Lincolnton, NC, 28093
      View Details

    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex in Lincolnton, offering immediate cash flow.
    Where is this duplex located?
    The property is located at 2237-2239 Catawba Heights Road Lincolnton, NC.
    What is the asking price?
    The asking price for this property is $355,000.
    What are key features of this property?
    This property features: Immediate cash flow from two fully occupied units.; Fully renovated to a modern style.; Full brick duplex.
    (704) 860-1015
    We can help!
    Listing Contact
    Rebecca Maiwald
    Real Estate License ID: 297471
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2237-2239 Catawba Heights Road, Lincolnton, NC 28092
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!