Residential Income
712 Evening Shade Lane Gastonia, NC 28052
712 Evening Shade Lane, Gastonia, NC, 28052
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For Sale
Contact for pricing
Multi-family property offering 12 bedrooms and 12 bathrooms with central heating and central air.
Property Size5,300 SF
Price / SF$196.23
Days on Market17
Property Features for 712 Evening Shade Lane
General Information
- Standard status
- Active
- Size
- 5,300 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2023
Listing agency
Coldwell Banker Realty
(704) 541-5111
Listed by
Nick Lancetti · License #320264
Source
Crexi
Added: Jul 6 Updated: Jul 21 at 5:04AM Checked: Jul 21 at 5:04AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This residential income multi-family property features 12 bedrooms and 12 bathrooms, including 8 full bathrooms and 4 half bathrooms. Interior amenities include central heating and central air, with ceiling fans throughout. The property also includes gas appliances and electric kitchen appliances, with an electric oven, electric range, microwave, and refrigerator provided. Laundry is accommodated via a laundry closet.
Located at 712 Evening Shade Lane in Gastonia, North Carolina, the property is presented for sale.
As configured, the layout supports a total of 12 bedrooms and 12 bathrooms, making it suitable for income-oriented buyers seeking a larger multi-family setup within the provided specifications.
Located at 712 Evening Shade Lane in Gastonia, North Carolina, the property is presented for sale.
As configured, the layout supports a total of 12 bedrooms and 12 bathrooms, making it suitable for income-oriented buyers seeking a larger multi-family setup within the provided specifications.
Key Highlights
- Built in 2023
- 12 bedrooms and 12 bathrooms total, including 8 full bathrooms and 4 half bathrooms
- Central heating and central air
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.3k | $21.00 |
| − Vacancy | −$9.3k | −$1.76 |
| EGI | $102.0k | $19.24 |
| − OpEx | −$45.9k | −$8.66 |
| NOI | $56.1k | $10.58 |
5,300 SF · lease $21.00/SF/yr · vacancy 8.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$801.0K
$700.9K – $934.6K
NOI $56,073 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,770 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Multi-family property offering 12 bedrooms and 12 bathrooms with central heating and central air.
Where is this multifamily property located?
The property is located at 712 Evening Shade Lane Gastonia, NC.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: Built in 2023; 12 bedrooms and 12 bathrooms total, including 8 full bathrooms and 4 half bathrooms; Central heating and central air
