Building Details

Building Size 23,454 SF

Year Built 2019

Buildings 3

Listing Agency: Appalachian Commercial Real Estate, LLC.

Listed By: James Milner, CCIM · License #255106 Show Phone

Source: Appalachiancre

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 16 at 8:12AM

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Investment Insights

Based on property information with market context.

At 327 Academy Street in Jefferson, this 36-unit apartment property comprises three buildings constructed in 2019. The community contains 57 bedrooms across 18 one-bedroom/one-bathroom apartments, 15 two-bedroom/one-bathroom apartments, and three three-bedroom/two-bathroom apartments. The buildings total approximately 24,264 SF and are described as being in above-average condition. Occupancy is 97.53%.

The property receives water and sewer service from the Town of Jefferson. Its location provides access to local employers and US Highway 221.

Key Highlights

• 36 apartments with 57 bedrooms and 97.53% occupancy
• Three buildings constructed in 2019, totaling approximately 24,264 SF
• Unit mix: 18 one‑bedroom/one‑bathroom, 15 two‑bedroom/one‑bathroom, and three three‑bedroom/two‑bathroom apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Dental Office (Bike/Boat/Book/etc) Store Carpet & Flooring Store Computer & Electronic Repair Veterinary Clinic

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

36

Residential units

97.5%

Occupancy

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

375

Businesses Nearby

Explore this area Business Placement

Demographics for 28640, NC

4,622

Population

2,832

Households

1.6

Avg Household Size

48

Median Age

18%

College-Educated

87%

High-School Grad

37.1 sq mi

ZIP Area

125

Density / Sq Mi

$50,946

Median Household Income

$33,917

Median Earnings

$736

Median Rent

$252,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

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Multi-Property Commercial Offering in Ashe

2999 US Highway 221 N, Jefferson, NC 28640

$1,500,000

5,000 SF

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Two Commercial Buildings on Hwy

645/647 S Main Street, Jefferson, NC 28640

$257,000

3,926 SF

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Turnkey Self-Storage Facility

1139/1143 Old Highway 16, Jefferson, NC 28640

$2,200,000

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Commercial Building with Full Basement

510 E Main Street, Jefferson, NC 28640

$220,000

0.11 Acres

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Frequently Asked Questions

What type of property is this?

Apartment building - Three residential buildings offer a varied apartment mix and municipal water and sewer service.

Where is this apartment building located?

The property is located at 327 Academy Street Jefferson, NC.

What is the asking price?

The asking price for this property is $4,435,000.

What are key features of this property?

This property features: 36 apartments with 57 bedrooms and 97.53% occupancy; Three buildings constructed in 2019, totaling approximately 24,264 SF; Unit mix: 18 one‑bedroom/one‑bathroom, 15 two‑bedroom/one‑bathroom, and three three‑bedroom/two‑bathroom apartments