New Construction
New
For Sale
$440,000
239-241 6th Avenue Drive SW Unit 1, Conover, NC 28613
Two-unit residential property with contemporary finishes, separate utility metering, and dedicated parking for each residence.
Property Size2,666 SF
Price / SF$165.04
Days on Market2
Property Features for 239-241 6th Avenue Drive SW Unit 1
General Information
Standard status
Active
Size
2,666 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
Features: Sloped, Wooded, Size: 0.28, Size Units: Acres
Flooring: Vinyl
Garage Spaces: 0, Man Level Garage: 0
Details: Central Air, Electric
Heating: Central, Electric
Description: Electric Dryer Hookup, Laundry Closet, Main Level, Washer Hookup
Days on Market: 0, Listing Price: 440000, Status: Coming Soon-No Show
Parking Total: 4
Elementary: Shuford, Middle/Junior High: Newton Conover, High School: Newton Conover
Total Bathrooms: 6
Finished Area Above Grade: 2666, Area: 2666, Architecture: Colonial, Building Area: 2666, Construction Materials: Vinyl, Stories: 2, Year Built: 2026, Construction Type: Site Built
Unit: 1, City: Conover, State: NC, Zip: 28613, County: Catawba, Subdivision: None, Directions: Head on 1st Ave S Turn onto 2nd St SW Turn onto 4th St Pl SW Turn onto 2nd St Pl SW Turn left onto 6th Ave Dr SW
Full Bathrooms: 4, Half Bathrooms: 2
Sewer: Public Sewer, Water Source: City
Description: Yes
Auction Y/N: 0
Patio Features: Deck
Description: Dishwasher, Electric Range, Microwave, Refrigerator
Building Details
Building Size
2,666 SF
Year Built
2026
Buildings
1
Listing Agency:
Gladysh Realty LLC
Listed By:
Viktoriya Gladysh
(413) 355-0545
Source:
Blackstreaminternational
Added: Sep 6
Last Checked: Sep 7 at 7:58AM
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 Gladysh Realty LLC
Investment Insights
Based on property information with market context.
This 2,666-square-foot duplex is a 2026 new-construction property with two residences, each offering 3 bedrooms and 2.5 bathrooms. Both units feature open main-level layouts, granite countertops, stainless steel appliances, shaker cabinetry with soft-close hardware, matte black fixtures, luxury vinyl plank flooring, and main-level laundry closets. Fresh sod, separate utility meters, and parking for two or more vehicles per unit add practical functionality. A 1-year builder warranty is included, and construction is scheduled for completion with move-in targeted for September 18th.
Located at 239-241 6th Avenue Drive SW in Conover, the property sits on a quiet dead-end street bordered by mature trees. Downtown Conover, Majestic Park, Conover City Park, and Conover School are nearby, while Hickory is a short drive away. A second duplex next door is also available for buyers considering a two-property acquisition.
Located at 239-241 6th Avenue Drive SW in Conover, the property sits on a quiet dead-end street bordered by mature trees. Downtown Conover, Majestic Park, Conover City Park, and Conover School are nearby, while Hickory is a short drive away. A second duplex next door is also available for buyers considering a two-property acquisition.
Key Highlights
- 2,666‑square‑foot duplex with two 3‑bedroom, 2.5‑bath units
- 2026 new construction with a 1‑year builder warranty
- Granite counters, stainless steel appliances, shaker cabinets, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,600
$481.6K
Cap Rate 7%
$344,000
$344.0K
Cap Rate 9%
$267,556
$267.6K
Market Conditions
NOI Build-Up for 2,666 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.8K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.4K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.1K $9.03/SF
Area
Catawba County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$481,600
Cap Rate 7%
$344,000
Cap Rate 9%
$267,556
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$778.8K
$681.4K – $908.6K
NOI $54,514 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
Explore this area
Business Placement
Demographics for 28613, NC
22,970
Population
10,222
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
85%
High-School Grad
42.4 sq mi
ZIP Area
542
Density / Sq Mi
$55,690
Median Household Income
$38,932
Median Earnings
$822
Median Rent
$208,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with contemporary finishes, separate utility metering, and dedicated parking for each residence.
Where is this duplex located?
The property is located at 239-241 6th Avenue Drive SW Unit 1 Conover, NC.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,666‑square‑foot duplex with two 3‑bedroom, 2.5‑bath units; 2026 new construction with a 1‑year builder warranty; Granite counters, stainless steel appliances, shaker cabinets, and luxury vinyl plank flooring
