Newly Built
For Sale
$440,000
603-605 6th Avenue SW #2, Hickory, NC 28602
Two private-entry residences each offer three bedrooms and an open-concept main living area.
Property Size2,666 SF
Price / SF$165.04
Days on Market24
Property Features for 603-605 6th Avenue SW #2
General Information
Standard status
Active
Size
2,666 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
covered front entry
private entrance
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Gladysh Realty LLC
Listed By:
Viktoriya Gladysh · License #4294588
(413) 355-0545
Source:
Charlottelifeteam
Added: Oct 8
Changed: Oct 31
Last Checked: Oct 31 at 2:17AM
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 Gladysh Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,666-square-foot duplex contains two residences, each with three bedrooms, two full bathrooms, and a half bath on the main level. Both units have separate entrances and open-concept living areas. Kitchens feature granite countertops, stainless steel appliances, soft-close shaker cabinets, matte black finishes, luxury vinyl plank flooring, and a pantry. A one-year builder warranty is included; final finishing details may vary slightly.
The property is in southwest Hickory, near downtown, the Ridgeview Branch Library and Recreation Center, and Hickory Optimist Park. The US-70 shopping corridor provides connections to US-321 and I-40.
The property is in southwest Hickory, near downtown, the Ridgeview Branch Library and Recreation Center, and Hickory Optimist Park. The US-70 shopping corridor provides connections to US-321 and I-40.
Key Highlights
- Two residences, each with 3 bedrooms, 2 full baths, and a main‑level half bath
- 2,666 square feet; built in 2026
- Separate private entrances for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,080
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,600
$481.6K
Cap Rate 7%
$344,000
$344.0K
Cap Rate 9%
$267,556
$267.6K
Market Conditions
NOI Build-Up for 2,666 SF
Gross rent
$36.8K $13.80/SF
− Vacancy
−$2.4K −$0.90/SF
EGI
$34.4K $12.90/SF
− OpEx
−$10.3K −$3.87/SF
NOI
$24.1K $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%
$481,600
Cap Rate 7%
$344,000
Cap Rate 9%
$267,556
Alternative Uses
Best Use
Multifamily LT 5
$344.0K
$301.0K – $401.3K
NOI $24,080 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$319.7K
$279.7K – $372.9K
NOI $22,376 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$778.8K
$681.4K – $908.6K
NOI $54,514 @ 7.0% cap · market cap 12.39%
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
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 28602, NC
29,184
Population
12,941
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
70.7 sq mi
ZIP Area
413
Density / Sq Mi
$56,031
Median Household Income
$36,519
Median Earnings
$830
Median Rent
$180,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two private-entry residences each offer three bedrooms and an open-concept main living area.
Where is this duplex located?
The property is located at 603-605 6th Avenue SW #2 Hickory, NC.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 full baths, and a main‑level half bath; 2,666 square feet; built in 2026; Separate private entrances for both units
