Three-Story Modern
For Sale
$428,900
511 N Hill Street C And D, Dallas, NC 28034
Two residential units offer open layouts, contemporary finishes, and separate living arrangements for occupants or rental use.
Property Size3,319 SF
Price / SF$129.23
Days on Market49
Property Features for 511 N Hill Street C And D
General Information
Standard status
Active
Size
3,319 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
2023
Buildings
1
Stories
3
Listing Agency:
EXP Realty LLC Mooresville
Listed By:
Nancy Buckstad · License #194805
(704) 957-3990
Source:
Lewisandkirk
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 7 at 2:58PM
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 Mooresville
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residential units within a three-story configuration totaling 3,319 square feet. Both units use an open-concept arrangement with a great room, dining area, and kitchen on the main level. Granite countertops, stainless steel appliances, cabinetry, and luxury vinyl plank flooring are included throughout each unit.
The middle floor in each residence contains a primary suite with a bedroom, walk-in closet, and private bathroom with dual vanities. Two additional bedrooms and a shared full bathroom occupy the upper level. The property is located in Dallas with access to Highway 321 and I-85, connecting the property with Gastonia, Charlotte, and surrounding areas.
The middle floor in each residence contains a primary suite with a bedroom, walk-in closet, and private bathroom with dual vanities. Two additional bedrooms and a shared full bathroom occupy the upper level. The property is located in Dallas with access to Highway 321 and I-85, connecting the property with Gastonia, Charlotte, and surrounding areas.
Key Highlights
- Two‑unit duplex with 3,319 square feet across a three‑story design
- Built in 2023
- Each unit includes a main‑level great room, dining area, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,482
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,640
$769.6K
Cap Rate 7%
$549,743
$549.7K
Cap Rate 9%
$427,578
$427.6K
Market Conditions
NOI Build-Up for 3,319 SF
Gross rent
$59.7K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$55.0K $16.56/SF
− OpEx
−$16.5K −$4.97/SF
NOI
$38.5K $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%
$769,640
Cap Rate 7%
$549,743
Cap Rate 9%
$427,578
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.4K
NOI $38,482 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$501.6K
$438.9K – $585.2K
NOI $35,114 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.04M
$914.1K – $1.22M
NOI $73,124 @ 7.0% cap · market cap 17.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway 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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer open layouts, contemporary finishes, and separate living arrangements for occupants or rental use.
Where is this duplex located?
The property is located at 511 N Hill Street C And D Dallas, NC.
What is the asking price?
The asking price for this property is $428,900.
What are key features of this property?
This property features: Two‑unit duplex with 3,319 square feet across a three‑story design; Built in 2023; Each unit includes a main‑level great room, dining area, and kitchen
