Four-Unit Quadplex
For Sale
$689,000
414 E Wilkins St, Dallas, NC 28034
Two buildings contain four occupied residences with laundry hookups and tenant-paid utilities.
Property Size2,880 SF
Price / SF$239.24
Days on Market66
Property Features for 414 E Wilkins St
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
laundry hookups
Building Details
Year Built
1967
Buildings
2
Listing Agency:
Premier South
Listed By:
Rebecca Maiwald · License #297471
(704) 860-1015
Source:
Highperformancerea
Added: Aug 10
Changed: Oct 8
Last Checked: Oct 7 at 5:48PM
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 Premier South
Investment Insights
Based on property information with market context.
The property includes two buildings totaling 2,880 square feet with four residential units. Each unit offers 2 bedrooms, 1 bathroom, and laundry hookups. Built in 1967, the asset presents a straightforward four-unit configuration across separate structures.
All four units are fully occupied, and tenants pay their own utilities. The property is located at 414 E Wilkins St in Dallas, NC 28034.
All four units are fully occupied, and tenants pay their own utilities. The property is located at 414 E Wilkins St in Dallas, NC 28034.
Key Highlights
- Four total residential units across two buildings
- 2,880 square feet of property size
- Each unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,392
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,840
$667.8K
Cap Rate 7%
$477,029
$477.0K
Cap Rate 9%
$371,022
$371.0K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$51.8K $18.00/SF
− Vacancy
−$4.1K −$1.44/SF
EGI
$47.7K $16.56/SF
− OpEx
−$14.3K −$4.97/SF
NOI
$33.4K $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%
$667,840
Cap Rate 7%
$477,029
Cap Rate 9%
$371,022
Alternative Uses
Best Use
Multifamily LT 5
$477.0K
$417.4K – $556.5K
NOI $33,392 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$435.3K
$380.9K – $507.8K
NOI $30,470 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$906.5K
$793.2K – $1.06M
NOI $63,452 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
304
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings contain four occupied residences with laundry hookups and tenant-paid utilities.
Where is this quadplex located?
The property is located at 414 E Wilkins St Dallas, NC.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Four total residential units across two buildings; 2,880 square feet of property size; Each unit includes 2 bedrooms and 1 bathroom
