Building Details

Year Built 1975

Construction brick

Listing Agency: EXP Realty LLC Mooresville

Listed By: Jessica Harvey Show Phone

Source: Lewisandkirk

Added: Aug 3 Changed: Oct 3 Last Checked: Oct 7 at 4:33PM

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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 EXP Realty LLC Mooresville

Investment Insights

Based on property information with market context.

This 1975 brick duplex contains 1,650 square feet arranged as two separate 2-bedroom, 1-bath residences. The property occupies a 0.36-acre corner lot at 2706 and 2708 Harwell St in Claremont, North Carolina.

The units have supported different rental arrangements: one side was previously used for short-term lodging, while the other had a long-term tenant. Both residences are currently vacant and available for showings.

Key Highlights

• Two‑unit duplex with 2‑bedroom, 1‑bath layouts on each side
• 1,650 square feet of total building area
• Situated on a 0.36‑acre corner lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,903

Cap Rate

5.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$298,060 $298.1K

Cap Rate 7%

$212,900 $212.9K

Cap Rate 9%

$165,589 $165.6K

Market Conditions

NOI Build-Up for 1,650 SF

Gross rent

$22.8K $13.80/SF

− Vacancy

−$1.5K −$0.90/SF

EGI

$21.3K $12.90/SF

− OpEx

−$6.4K −$3.87/SF

NOI

$14.9K $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 Rate 5%

$298,060

Cap Rate 7%

$212,900

Cap Rate 9%

$165,589

Alternative Uses

Best Use

Multifamily LT 5

$212.9K

$186.3K – $248.4K (±1% cap)

NOI $14,903 @ 7.0% cap · market cap 5.42%

Second Best

Apartment 5plus

$197.8K

$173.1K – $230.8K (±1% cap)

NOI $13,849 @ 7.0% cap · market cap 5.04%

Theoretical Best

Office A

$482.0K

$421.7K – $562.3K (±1% cap)

NOI $33,739 @ 7.0% cap · market cap 12.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Real Estate Agency Auto Parts Store Grocery & Convenience Store Garden Center

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

2

Residential units

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

Explore this area Business Placement

Demographics for 28610, NC

10,100

Population

5,050

Households

2

Avg Household Size

42

Median Age

16%

College-Educated

81%

High-School Grad

39.9 sq mi

ZIP Area

253

Density / Sq Mi

$62,309

Median Household Income

$40,741

Median Earnings

$867

Median Rent

$159,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units provide flexible occupancy options on a corner parcel in Claremont.

Where is this duplex located?

The property is located at 2706 And 2708 Harwell St Claremont, NC.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Two‑unit duplex with 2‑bedroom, 1‑bath layouts on each side; 1,650 square feet of total building area; Situated on a 0.36‑acre corner lot