Duplex with Separate
405 S Starr St, Dallas, NC 28034
For Sale
$399,900
Two dwellings each have private access and a driveway, with contemporary interiors and open living areas.
Property Size1,990 SF
Price / SF$200.95
Days on Market8
Property Features for 405 S Starr St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Better Homes and Gardens Real Estate Paracle
Listed By:
Zapata Tate · License #332007
(864) 425-2868
Source:
Judy.lakenormanhomeguide
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 7:13AM
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 Better Homes and Gardens Real Estate Paracle
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Investment Insights
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Built in 2022, this 1,990-square-foot duplex contains two units, each with its own entrance and driveway. The interiors have open living spaces, spacious kitchens, granite countertops, stainless steel appliances, and durable flooring. The exterior is described as low-maintenance.
The property is at 405 S Starr St in Dallas, North Carolina, with access to Gastonia and the greater Charlotte area.
The property is at 405 S Starr St in Dallas, North Carolina, with access to Gastonia and the greater Charlotte area.
Key Highlights
- Two‑unit duplex built in 2022
- 1,990 square feet
- Each unit has a private entrance and its own driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,073
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,460
$461.5K
Cap Rate 7%
$329,614
$329.6K
Cap Rate 9%
$256,367
$256.4K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$35.8K $18.00/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$33.0K $16.56/SF
− OpEx
−$9.9K −$4.97/SF
NOI
$23.1K $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%
$461,460
Cap Rate 7%
$329,614
Cap Rate 9%
$256,367
Alternative Uses
Best Use
Multifamily LT 5
$329.6K
$288.4K – $384.6K
NOI $23,073 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$300.8K
$263.2K – $350.9K
NOI $21,054 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$701.5K
$613.8K – $818.4K
NOI $49,105 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
238
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
$221,000
Median Home Value
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Market
Average Price Trend$/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 - Two dwellings each have private access and a driveway, with contemporary interiors and open living areas.
Where is this duplex located?
The property is located at 405 S Starr St Dallas, NC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; 1,990 square feet; Each unit has a private entrance and its own driveway
