Brick
5729 Lee Cline Road, Conover, NC 28613
For Sale
New
$325,000
Pending
Two matching residences provide a straightforward configuration for rental or owner occupancy.
Property Size2,003 SF
Days on Market6
Property Features for 5729 Lee Cline Road
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
Septic Installed
Additional parcels description:, Parcel Number: 374406491815, Assessed Value: $243,400
Central Air
Heat Pump
Laundry Room
Listing ID: CAR4440161, Standard Status: Active Under Contract, MLS Status: Under Contract-Show, Property Subtype: Duplex, 2 days on market, Special Conditions: None
Driveway
Elementary School: Lyle Creek, Middle School: River Bend, High School: Bunker Hill
Built in 2003, Living area: 1824, Construction Materials: Brick Full
County/Parish: Catawba
Water Source: Well
Crawl Space
Allowed: Yes
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Dishwasher, Electric Range
Building Details
Building Size
Year Built
Construction
Listing Agency:
Premier Realty Advisors
(704) 472-4162
Listed By:
Holly Moretz
(828) 358-8006
Source:
Blackstreaminternational
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 8 at 6:25AM
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 Realty Advisors
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Investment Insights
Based on property information with market context.
This 1,824-square-foot duplex was built in 2003 and has a brick exterior. Its two units share matching floor plans, offering a consistent layout across the property.
The property is located at 5729 Lee Cline Road in Conover, North Carolina. Mature trees surround the site, adding a wooded setting to the residential property.
The property is located at 5729 Lee Cline Road in Conover, North Carolina. Mature trees surround the site, adding a wooded setting to the residential property.
Key Highlights
- 1,824‑square‑foot duplex built in 2003
- Brick exterior
- Two units with matching floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,475
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,500
$329.5K
Cap Rate 7%
$235,357
$235.4K
Cap Rate 9%
$183,056
$183.1K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$25.2K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.5K $12.90/SF
− OpEx
−$7.1K −$3.87/SF
NOI
$16.5K $9.03/SF
Area
Catawba County, NC
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,500
Cap Rate 7%
$235,357
Cap Rate 9%
$183,056
Alternative Uses
Best Use
Multifamily LT 5
$235.4K
$205.9K – $274.6K
NOI $16,475 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$218.7K
$191.4K – $255.2K
NOI $15,309 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$532.8K
$466.2K – $621.6K
NOI $37,297 @ 7.0% cap · market cap 11.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Business Placement
Demographics for 28613, NC
22,970
Population
10,222
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
85%
High-School Grad
42.4 sq mi
ZIP Area
542
Density / Sq Mi
$55,690
Median Household Income
$38,932
Median Earnings
$822
Median Rent
$208,400
Median Home Value
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Market
Properties on Market for Duplexes in Catawba County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences provide a straightforward configuration for rental or owner occupancy.
Where is this duplex located?
The property is located at 5729 Lee Cline Road Conover, NC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,824‑square‑foot duplex built in 2003; Brick exterior; Two units with matching floor plans
