Newly Built
511 N Hill Street A and B, Dallas, NC 28034
For Sale
$439,900
Two-unit residential property with central air, heat pumps, and contemporary kitchen appliances.
Property Size3,368 SF
Price / SF$130.61
Days on Market94
Property Features for 511 N Hill Street A and B
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Amenities
Central Air, Electric
Electric, Heat Pump
Dishwasher, Disposal, Electric Range, Microwave
Driveway
Transitional
Building Details
Building Size
Year Built
Stories
Listing Agency:
Exp Realty, LLC
Listed By:
Nancy Buckstad · License NC #194805
(704) 957-3990
Source:
Evrealestate
Added: Aug 9
Changed: Aug 28
Last Checked: Nov 10 at 7:43AM
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 Exp Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 2023, this duplex contains 3,368 square feet and is identified as units A and B. Interior features include central air, electric service, heat pumps, dishwashers, disposals, electric ranges, and microwaves. The property also includes a driveway and transitional exterior design elements.
The property is located at 511 N Hill Street in Dallas, North Carolina, within Gaston County. R-6 zoning applies to the site, and the recorded directions provide access from I-85 West via 321 North and local streets.
The property is located at 511 N Hill Street in Dallas, North Carolina, within Gaston County. R-6 zoning applies to the site, and the recorded directions provide access from I-85 West via 321 North and local streets.
Key Highlights
- Duplex with units identified as A and B
- 3,368 square feet of property size
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,050
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$781,000
$781.0K
Cap Rate 7%
$557,857
$557.9K
Cap Rate 9%
$433,889
$433.9K
Market Conditions
NOI Build-Up for 3,368 SF
Gross rent
$60.6K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$55.8K $16.56/SF
− OpEx
−$16.7K −$4.97/SF
NOI
$39.1K $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%
$781,000
Cap Rate 7%
$557,857
Cap Rate 9%
$433,889
Alternative Uses
Best Use
Multifamily LT 5
$557.9K
$488.1K – $650.8K
NOI $39,050 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$509.0K
$445.4K – $593.9K
NOI $35,633 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,108 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
285
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
$221,000
Median Home Value
Market
Average Price Trend$/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-unit residential property with central air, heat pumps, and contemporary kitchen appliances.
Where is this duplex located?
The property is located at 511 N Hill Street A and B Dallas, NC.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Duplex with units identified as A and B; 3,368 square feet of property size; Built in 2023
