Single-Story Duplex with Two
New
For Sale
$240,000
402 E Webb Street, Dallas, NC 28034
Each residence includes two bedrooms, one full bath, and washer and dryer connections.
Property Size1,449 SF
Lot Size0.25 Acres
Price / SF$165.63
Days on Market7
Property Features for 402 E Webb Street
General Information
Standard status
Active
Size
1,449 SF
Lot size
0.25 Acres
Property subtype
Duplex
Amenities
Size: 0.25, Size Units: Acres
Description: Composition
Man Level Garage: 0
Details: Window Unit(s)
Heating: Forced Air, Natural Gas
Description: Electric Dryer Hookup, Washer Hookup
Days on Market: 1, Listing Price: 240000, Status: Active
Elementary: Carr, Middle/Junior High: W.C. Friday, High School: North Gaston
Total Bathrooms: 4
Finished Area Above Grade: 1449, Area: 1449, Building Area: 1449, Construction Materials: Hardboard Siding, Year Built: 1967, Construction Type: Site Built
City: Dallas, State: NC, Zip: 28034, County: Gaston
Full Bathrooms: 2
Sewer: Public Sewer, Water Source: City
Description: Yes, Conditional
Auction Y/N: 0
Description: Electric Oven, Refrigerator
Building Details
Building Size
1,449 SF
Year Built
1967
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Oaktree Real Estate
(704) 363-0422
Listed By:
James Nieman
(704) 363-0422
Source:
Blackstreaminternational
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 5 at 4:23AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $18.00 |
| − Vacancy | −$2.1k | −$1.44 |
| EGI | $24.0k | $16.56 |
| − OpEx | −$7.2k | −$4.97 |
| NOI | $16.8k | $11.59 |
1,449 SF · lease $18.00/SF/yr · vacancy 7.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.0K
$210.0K – $280.0K
NOI $16,800 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$219.0K
$191.6K – $255.5K
NOI $15,330 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$456.1K
$399.1K – $532.1K
NOI $31,924 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
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
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 - 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 $240,000.
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
