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Five-Unit Apartment Building with Additional Lot
For Sale
$799,000

3705 Avondale Lane, Monroe, NC 28110

Five-unit apartment building with septic service and city water, plus vacant land behind the homes.

Property SizeContact for details
Days on Market38

Property Features for 3705 Avondale Lane

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Utilities to Site Yes
Multifamily Units 5

Building Details

Year Built 1961
Listing Agency: Century 21 Providence Realty
Listed By: Lidia Kondratuk · License #309004
Source: Techrealtyllc
Added: Jun 28 Changed: Jul 30 Last Checked: Aug 3 at 12:19PM

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 Century 21 Providence Realty

Investment Insights

Based on property information with market context.

This five-unit apartment building includes two homes and three manufactured units, along with an additional piece of vacant land behind the two homes. The modular home was built in 2015 and offers three bedrooms and two full bathrooms. The property also includes one singlewide mobile home with three bedrooms and two bathrooms, and two additional singlewide mobile homes with three bedrooms and two full bathrooms and two bedrooms and one bathroom. All units are served by septic and city water. The overall property is listed with a year built of 1961.

The two homes are noted on Seacrest Shortcut Road, and the vacant land sits behind the two homes on Secrest Shortcut Road.

The combination of multiple existing units, septic and city water service for each unit, and vacant land provides a straightforward setup for an owner who wants to manage current rental housing while considering future development on the additional lot.

Key Highlights

  • Five‑unit apartment building plus vacant land behind the two homes
  • Modular home built in 2015 with three bedrooms and two full baths
  • Singlewide mobile home with three bedrooms and two baths

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Accounting Firm Nursing Home Car Rental Facility

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

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

13
Businesses Nearby

Demographics for 28110, NC

53,316
Population
20,236
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
127.4 sq mi
ZIP Area
418
Density / Sq Mi
$81,221
Median Household Income
$41,425
Median Earnings
$1,313
Median Rent
$302,600
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?
Apartment building - Five-unit apartment building with septic service and city water, plus vacant land behind the homes.
Where is this apartment building located?
The property is located at 3705 Avondale Lane Monroe, NC.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Five‑unit apartment building plus vacant land behind the two homes; Modular home built in 2015 with three bedrooms and two full baths; Singlewide mobile home with three bedrooms and two baths
More about this property
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