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10-Unit Multifamily Property

625 Evelyn Avenue lot 13-18, Kannapolis, NC 28083

For Sale
New
$1,500,000

Residential Income, Kannapolis, NC

Property SizeContact for details
Lot Size0.66 Acres
Days on Market3

Property Features for 625 Evelyn Avenue lot 13-18

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description O-I
Bedrooms 20
Bathrooms 20
Full bathrooms 20
Rooms Bedroom 15, Bathroom 4, Bathroom 18, Bedroom 6, Bedroom 17, Bedroom 2, Bedroom 9, Bedroom 20, Bathroom 7, Kitchen, Bathroom 13, Bedroom 19, Bedroom 13, Bathroom 1, Bathroom 16, Laundry Room, Bathroom 14, Bedroom 3, Bathroom 12, Bedroom 5, Bathroom 8, Bedroom 12, Bathroom 6, Bathroom 17, Bathroom 20, Bedroom 8, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 7, Bathroom 5, Bathroom 15, Bedroom 14, Bedroom 16, Bathroom 11, Bathroom 19, Bedroom 18, Bedroom 10, Bedroom 11, Bathroom 9, Bathroom 10, Bathroom 3
Patio and Porch features Porch, Deck
Appliances Dishwasher, Electric Oven, Electric Range, Electric Water Heater
Elementary school Unspecified
Middle school Unspecified
High school A.L. Brown
Standard status Active
APN 5624-41-9762
Lot size 0.66 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description Lot 13-18 Jackson Park Sub
Legal Description Lot 13-18 Jackson Park Sub

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1996
Floors in Building 2
Number of units 10
Flooring type Tile, Carpet, Vinyl
Building materials Brick Partial, Vinyl
Roof type Shingle
Architectural style Other
Buildings 5
Listing Agency: Bentley Realty
Listed By: Robbie Bentley · License #114546
Added: Nov 5 Last Checked: Nov 7 at 3:06AM
MLS# 4440743

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

The property comprises five duplexes with 10 units on a 0.66-acre parcel. Built in 1996, the units have individual decks, and the roofs and decks were reportedly replaced in 2024. HVAC equipment dates from 2012 through 2022. Tenants pay their own utility costs.

The property occupies the corner of Lane Street and Evelyn Avenue in Kannapolis, with downtown Kannapolis and I-85 noted nearby. Additional features include public sewer service and heat pump heating and cooling.

Key Highlights

  • Five duplex buildings totaling 10 units
  • 0.66‑acre parcel at the corner of Lane Street and Evelyn Avenue
  • Individual unit decks and roofs reportedly replaced in 2024

Property Analytics

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Lease Details

10
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

155
Businesses Nearby

Demographics for 28083, NC

25,821
Population
11,925
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,291
Density / Sq Mi
$60,563
Median Household Income
$39,831
Median Earnings
$1,120
Median Rent
$194,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Multifamily properties in Cabarrus County, NC

$193 Jul
$199 Aug
$191 Sep
$188 Oct

Properties on Market for Multifamily properties in Cabarrus County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Five duplex buildings offer a 10-unit residential rental configuration.
Where is this multifamily property located?
The property is located at 625 Evelyn Avenue lot 13-18 Kannapolis, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Five duplex buildings totaling 10 units; 0.66‑acre parcel at the corner of Lane Street and Evelyn Avenue; Individual unit decks and roofs reportedly replaced in 2024
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