Single-Story Duplex with Two
402 E Webb Street, Dallas, NC 28034
For Sale
$210,000
Each residence includes two bedrooms, one full bath, and washer and dryer connections.
Property Size1,967 SF
Lot Size0.25 Acres
Price / SF$144.93
Days on Market103
Property Features for 402 E Webb Street
General Information
Standard status
Size
Lot size
Property subtype
Amenities
Composition
Public Sewer
Additional parcels description:, Parcel Number: 132757, Assessed Value: $68,250
Window Unit(s)
Forced Air, Natural Gas
Electric Dryer Hookup, Washer Hookup
Listing ID: CAR4403939, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 81 days on market, Special Conditions: None
Driveway
Elementary School: Carr, Middle School: W.C. Friday, High School: North Gaston
4 total bedrooms
Built in 1967, Living area: 1449, Construction Materials: Hardboard Siding
County/Parish: Gaston
2 full bathrooms
Water Source: City
Crawl Space
Allowed: Yes, Conditional
All Utilities
Road Responsibility: Publicly Maintained Road, Road Surface: Gravel, Paved
Electric Oven, Refrigerator
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Oaktree Real Estate
Listed By:
James Nieman
(704) 363-0422
Source:
Blackstreaminternational
Added: Jul 30
Changed: Nov 8
Last Checked: Nov 8 at 6:45AM
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 Oaktree Real Estate
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Investment Insights
Based on property information with market context.
Built in 1967, this one-story duplex contains two residential units, each with two bedrooms and one full bathroom. The property provides approximately 1,449 square feet of total living space, along with washer and dryer connections in each unit. It is being sold as-is.
The duplex occupies an approximately 0.25-acre lot at 402 E Webb Street in Dallas, NC. The property is near downtown Dallas, shopping, dining, schools, and major roadways. Its two-unit configuration supports separate household occupancy within one multifamily asset, subject to buyer verification of the property’s condition, utilities, zoning, unit details, and other applicable information.
The duplex occupies an approximately 0.25-acre lot at 402 E Webb Street in Dallas, NC. The property is near downtown Dallas, shopping, dining, schools, and major roadways. Its two-unit configuration supports separate household occupancy within one multifamily asset, subject to buyer verification of the property’s condition, utilities, zoning, unit details, and other applicable information.
Key Highlights
- Two‑unit duplex with two bedrooms and one full bathroom per unit
- Approximately 1,449 square feet of total living space
- Approximately 0.25‑acre lot at 402 E Webb Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,800
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,000
$336.0K
Cap Rate 7%
$240,000
$240.0K
Cap Rate 9%
$186,667
$186.7K
Market Conditions
NOI Build-Up for 1,449 SF
Gross rent
$26.1K $18.00/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$24.0K $16.56/SF
− OpEx
−$7.2K −$4.97/SF
NOI
$16.8K $11.59/SF
Area
Gaston County, NC
Vacancy
7.98%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,000
Cap Rate 7%
$240,000
Cap Rate 9%
$186,667
Alternative Uses
Best Use
Multifamily LT 5
$240.0K
$210.0K – $280.0K
NOI $16,800 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$219.0K
$191.6K – $255.5K
NOI $15,330 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$510.8K
$446.9K – $595.9K
NOI $35,755 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
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Business Placement
Demographics for 28034, NC
19,258
Population
8,085
Households
2.4
Avg Household Size
39
Median Age
16%
College-Educated
86%
High-School Grad
45.6 sq mi
ZIP Area
422
Density / Sq Mi
$59,969
Median Household Income
$42,804
Median Earnings
$841
Median Rent
$221,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Gaston County, NC
Properties on Market for Duplexes in Gaston County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, one full bath, and washer and dryer connections.
Where is this duplex located?
The property is located at 402 E Webb Street Dallas, NC.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one full bathroom per unit; Approximately 1,449 square feet of total living space; Approximately 0.25‑acre lot at 402 E Webb Street
