New Construction
For Sale
$399,999
3429 & 3431 Fostall Ln, Maiden, NC 28650
Two-unit property with modern layouts, a shared rear deck, and a concrete driveway.
Property Size1,925 SF
Lot Size0.78 Acres
Price / SF$207.79
Days on Market45
Property Features for 3429 & 3431 Fostall Ln
General Information
Standard status
Active
Size
1,925 SF
Lot size
0.78 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
shared rear deck
Building Details
Year Built
2026
Listing Agency:
Key Real Estate Group, LLC
(704) 735-0040
Listed By:
Aaron Digh · License #333781
Source:
Lewisandkirk
Added: Jul 17
Changed: Aug 28
Last Checked: Aug 29 at 12:27PM
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 Key Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This duplex at 3429 & 3431 Fostall Ln in Maiden, North Carolina, is identified as brand-new construction with two separately addressed units. Each residence includes two bedrooms and one full bathroom, while the overall property contains 1,925 square feet. Modern interior layouts are complemented by a shared rear deck for outdoor use.
The property occupies approximately 0.78 acres and includes a concrete driveway serving the residences. Built in 2026, the duplex offers newly constructed improvements without the age typically associated with existing multifamily buildings. Highway 16 is only minutes away, providing a convenient connection from the Maiden location.
The property occupies approximately 0.78 acres and includes a concrete driveway serving the residences. Built in 2026, the duplex offers newly constructed improvements without the age typically associated with existing multifamily buildings. Highway 16 is only minutes away, providing a convenient connection from the Maiden location.
Key Highlights
- Two‑unit duplex with 1,925 square feet
- Each unit includes 2 bedrooms and 1 full bath
- Brand‑new construction built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,387
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,740
$347.7K
Cap Rate 7%
$248,386
$248.4K
Cap Rate 9%
$193,189
$193.2K
Market Conditions
NOI Build-Up for 1,925 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.6K $13.80/SF
− Vacancy
−$1.7K −$0.90/SF
EGI
$24.8K $12.90/SF
− OpEx
−$7.5K −$3.87/SF
NOI
$17.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$347,740
Cap Rate 7%
$248,386
Cap Rate 9%
$193,189
Alternative Uses
Best Use
Multifamily LT 5
$248.4K
$217.3K – $289.8K
NOI $17,387 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$230.8K
$202.0K – $269.3K
NOI $16,157 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$562.3K
$492.0K – $656.0K
NOI $39,362 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 28650, NC
12,982
Population
5,390
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
48.6 sq mi
ZIP Area
267
Density / Sq Mi
$71,784
Median Household Income
$46,810
Median Earnings
$793
Median Rent
$209,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with modern layouts, a shared rear deck, and a concrete driveway.
Where is this duplex located?
The property is located at 3429 & 3431 Fostall Ln Maiden, NC.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,925 square feet; Each unit includes 2 bedrooms and 1 full bath; Brand‑new construction built in 2026
