Building Details

Buildings 1

Listing Agency: Allred & Company, REALTORS k***@aol.com Show Phone

Listed By: Karen P Allred · License #176694 Show Phone

Source: Exprealty

Added: Aug 13 Changed: Aug 20 Last Checked: Aug 20 at 6:04AM

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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 Allred & Company, REALTORS

Investment Insights

Based on property information with market context.

This triplex at 305 Lake Dr in Archdale includes three one-bedroom, one-bathroom units. Each residence has a living room, kitchen, and washer and dryer hookups. Unit 301 features baseboard heat, a window air-conditioning unit, carpeted living and bedroom areas, vinyl kitchen and bathroom floors, a compact stove and refrigerator, and a water heater located in the bedroom closet. Unit 303 includes a heat pump, carpet in the living room and bedroom, vinyl flooring in the kitchen and bathroom, and a small stove and refrigerator. Unit 305 is vacant and has a heat pump, compact stove and refrigerator, with updating needed.

Only Unit 305 is available for the initial showing. Access to Units 301 and 303 can be coordinated for a subsequent showing request.

Key Highlights

• Three‑unit property with one bedroom and one bathroom in each residence
• Unit 305 is vacant and requires updating
• All units include living room, kitchen, and washer and dryer hookups

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Plumbing Service Bakery Electrical Service Cafe & Coffee Shop 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

3

Residential units

Location Intelligence

Trade Area within ½ mile

232

Businesses Nearby

Explore this area Business Placement

Demographics for 27263, NC

21,613

Population

8,938

Households

2.4

Avg Household Size

42

Median Age

18%

College-Educated

82%

High-School Grad

39.0 sq mi

ZIP Area

554

Density / Sq Mi

$52,637

Median Household Income

$33,637

Median Earnings

$924

Median Rent

$171,900

Median Home Value

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?

Triplex - Three residential units provide individual living areas, kitchens, bathrooms, and washer and dryer hookups.

Where is this triplex located?

The property is located at 305 Lake Dr Archdale, NC.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Three‑unit property with one bedroom and one bathroom in each residence; Unit 305 is vacant and requires updating; All units include living room, kitchen, and washer and dryer hookups