Full-Brick Duplex with Covered
For Sale
$385,000
328-330 3rd Avenue SE, Hickory, NC 28602
Well-maintained two-unit property with updated baths, refinished hardwood floors, private porches, and unfinished basement areas.
Property Size2,542 SF
Price / SF$151.46
Days on Market205
Property Features for 328-330 3rd Avenue SE
General Information
Standard status
Active
Size
2,542 SF
Property subtype
Duplex
Additional Details
Average Monthly Rent
$1,300
Multifamily Units
2
Amenities
covered front porches
covered rear porches
rear patio
laundry hookups
Building Details
Building Size
2,542 SF
Year Built
1937
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Keller Williams Unified
Listed By:
Bob Warchol · License #225597
(704) 881-1921
Source:
Jaybrownrealtors
Added: Apr 10
Changed: Oct 29
Last Checked: Oct 26 at 7:42PM
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 Keller Williams Unified
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Investment Insights
Based on property information with market context.
This two-unit residential income property offers 2,542 square feet in a full-brick structure completed in 1937. Each unit includes a second-floor bedroom area, a kitchen with an electric stove, refrigerator, and microwave, plus a bathroom with updated fixtures. Refinished hardwood flooring, ceramic tile in both baths, insulated windows, insulated front doors, neutral paint, and wood trim add to the existing character.
Both sides have covered front and rear porches, rear patio access, and separate walk-down, walk-out unfinished basements with laundry hookups. The washer and dryer serving unit 330 are included; the appliances belonging to the occupant of unit 328 are excluded. Gas lines are present but not connected. The property is located at 328-330 3rd Ave SE in Hickory, North Carolina.
Both sides have covered front and rear porches, rear patio access, and separate walk-down, walk-out unfinished basements with laundry hookups. The washer and dryer serving unit 330 are included; the appliances belonging to the occupant of unit 328 are excluded. Gas lines are present but not connected. The property is located at 328-330 3rd Ave SE in Hickory, North Carolina.
Key Highlights
- 2,542‑SF duplex on a 0.06‑acre lot
- Full‑brick construction completed in 1937
- Covered front and rear porches for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,960
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,200
$459.2K
Cap Rate 7%
$328,000
$328.0K
Cap Rate 9%
$255,111
$255.1K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$35.1K $13.80/SF
− Vacancy
−$2.3K −$0.90/SF
EGI
$32.8K $12.90/SF
− OpEx
−$9.8K −$3.87/SF
NOI
$23.0K $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%
$459,200
Cap Rate 7%
$328,000
Cap Rate 9%
$255,111
Alternative Uses
Best Use
Multifamily LT 5
$328.0K
$287.0K – $382.7K
NOI $22,960 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,336 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$742.6K
$649.7K – $866.3K
NOI $51,979 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 28602, NC
29,184
Population
12,941
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
70.7 sq mi
ZIP Area
413
Density / Sq Mi
$56,031
Median Household Income
$36,519
Median Earnings
$830
Median Rent
$180,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit property with updated baths, refinished hardwood floors, private porches, and unfinished basement areas.
Where is this duplex located?
The property is located at 328-330 3rd Avenue SE Hickory, NC.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,542‑SF duplex on a 0.06‑acre lot; Full‑brick construction completed in 1937; Covered front and rear porches for both units
