New-Construction Duplex with
For Sale
$475,000
3305-3307 15th Avenue NE, Conover, NC 28613
Two three-bedroom residences offer private garages, flexible occupancy options, and durable interior finishes.
Property Size2,022 SF
Price / SF$157.28
Days on Market53
Property Features for 3305-3307 15th Avenue NE
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
1
Amenities
Dimensions: 129x343x140x302
Composition
Public Sewer
Additional parcels description:, Parcel Number: 3723167391820000, Assessed Value: $503,700
Vinyl
2 spaces
Central Air, Electric
Electric, Heat Pump
Laundry Closet, Upper Level
Listing ID: CAR4355642, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 18 days on market, Special Conditions: None
Other Parking: Each Unit has a one car garage, Driveway, Attached Garage, Garage Faces Front
Elementary School: St. Stephens, Middle School: Arndt, High School: St. Stephens
6 total bedrooms
Built in 2022, Living area: 3068, Construction Materials: Vinyl
County/Parish: Catawba
4 full bathrooms, 2 half bathrooms
Cable Available, Water Source: City
Slab
Allowed: Yes
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Carbon Monoxide Detector(s), Smoke Detector(s)
Dishwasher, Disposal, Electric Range, Microwave
Building Details
Building Size
2,022 SF
Year Built
2022
Buildings
1
Listing Agency:
EXP Realty LLC Mooresville
(336) 398-3824
Listed By:
Nancy Buckstad · License #194805
(704) 957-3990
Source:
Blackstreaminternational
Added: Aug 18
Changed: Oct 8
Last Checked: Oct 7 at 1:52PM
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 3,020-square-foot duplex at 3305-3307 15th Avenue NE was built in 2022 and remains unsold by the original builder. The property contains two separate units, each with three bedrooms, two-and-a-half bathrooms, and a one-car garage. Both residences offer open main-level layouts, luxury vinyl plank flooring downstairs, carpeted upper levels, granite kitchen countertops, and stainless steel appliances that include refrigerators.
A large lot provides additional parking and outdoor area for residents and guests. The Conover property is positioned near shopping, dining, and other area amenities. Buyer protections include a 10-year structural warranty through America's Preferred Structural Warranty, along with systems coverage for years two through four. The duplex can support owner occupancy in one unit while the other is rented, or be held as a two-unit residential investment.
A large lot provides additional parking and outdoor area for residents and guests. The Conover property is positioned near shopping, dining, and other area amenities. Buyer protections include a 10-year structural warranty through America's Preferred Structural Warranty, along with systems coverage for years two through four. The duplex can support owner occupancy in one unit while the other is rented, or be held as a two-unit residential investment.
Key Highlights
- Two‑unit duplex totaling 3,020 SF
- Each unit includes 3 bedrooms, 2.5 baths, and a one‑car garage
- Built in 2022 and never sold by the original builder
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,277
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,540
$545.5K
Cap Rate 7%
$389,671
$389.7K
Cap Rate 9%
$303,078
$303.1K
Market Conditions
NOI Build-Up for 3,020 SF
Gross rent
$41.7K $13.80/SF
− Vacancy
−$2.7K −$0.90/SF
EGI
$39.0K $12.90/SF
− OpEx
−$11.7K −$3.87/SF
NOI
$27.3K $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%
$545,540
Cap Rate 7%
$389,671
Cap Rate 9%
$303,078
Alternative Uses
Best Use
Multifamily LT 5
$389.7K
$341.0K – $454.6K
NOI $27,277 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$362.1K
$316.9K – $422.5K
NOI $25,348 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$882.2K
$771.9K – $1.03M
NOI $61,753 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer private garages, flexible occupancy options, and durable interior finishes.
Where is this duplex located?
The property is located at 3305-3307 15th Avenue NE Conover, NC.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,020 SF; Each unit includes 3 bedrooms, 2.5 baths, and a one‑car garage; Built in 2022 and never sold by the original builder
