2-Unit
New
For Sale
$349,900
610 / 612 Hudson Avenue, Spencer, NC 28159
New construction provides two separate residences for rental use.
Property Size2,026 SF
Price / SF$209.27
Days on Market5
Property Features for 610 / 612 Hudson Avenue
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
Public Sewer
Additional parcels description:, Parcel Number: 033 125, Assessed Value: $30,600
Central Air
Central
Main Level
Listing ID: CAR4439284, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 1 day on market, Special Conditions: None
Driveway
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
4 total bedrooms
Built in 2026, Living area: 1672, Construction Materials: Vinyl
County/Parish: Rowan
2 full bathrooms
Water Source: City
Crawl Space
Allowed: Call
Road Responsibility: Publicly Maintained Road, Road Surface: Concrete, Paved
Electric Range, Refrigerator
Building Details
Building Size
2,026 SF
Year Built
2026
Buildings
1
Listing Agency:
NorthGroup Real Estate LLC
(704) 412-2804
Listed By:
Trudy Nance
(704) 230-9442
Source:
Blackstreaminternational
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 6:51AM
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 NorthGroup Real Estate 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.
This duplex contains two separate units within 1,672 square feet of building area. The property was built in 2026 and is located at 610 / 612 Hudson Avenue in Spencer, North Carolina.
Key Highlights
- Two separate residential units
- 1,672 square feet of building area
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,102
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,040
$302.0K
Cap Rate 7%
$215,743
$215.7K
Cap Rate 9%
$167,800
$167.8K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$23.1K $13.80/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$21.6K $12.90/SF
− OpEx
−$6.5K −$3.87/SF
NOI
$15.1K $9.03/SF
Area
Rowan 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%
$302,040
Cap Rate 7%
$215,743
Cap Rate 9%
$167,800
Alternative Uses
Best Use
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,102 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$194.5K
$170.2K – $227.0K
NOI $13,618 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$526.3K
$460.5K – $614.0K
NOI $36,838 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 28159, NC
3,067
Population
1,458
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
1,394
Density / Sq Mi
$63,396
Median Household Income
$43,302
Median Earnings
$1,042
Median Rent
$160,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - New construction provides two separate residences for rental use.
Where is this duplex located?
The property is located at 610 / 612 Hudson Avenue Spencer, NC.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two separate residential units; 1,672 square feet of building area; Built in 2026
