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Updated Four-Unit Quadplex
New
For Sale
$449,900

713 E lexington Road, Mocksville, NC 27028

Residential Income, Mocksville, NC

Property SizeContact for details
Lot Size1.01 Acres
Days on Market2

Property Features for 713 E lexington Road

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning GR
Directions I40W to Farmington Rd to L off ramp to R US Hwy 158 to L on US Hwy 64E, approx. 1 mile on left.
Standard status Active
Lot size 1.01 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description 1 LOT LEXINGTON RD APARTMENTS
Tax Annual Amount 389836
Legal Description 1 LOT LEXINGTON RD APARTMENTS

Building Details

Year built 1949
Number of units 4
Listing Agency: Premier Realty NC
Listed By: Joel Vernier
Added: Sep 16 Last Checked: Sep 17 at 3:06PM
MLS# 1235764

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

Investment Insights

Based on property information with market context.

This four-unit residential income property was built in 1949 and occupies 1.01 acres. Each unit has a similar floor plan with refreshed interiors, including updated lighting, plumbing fixtures, countertops, and fresh paint, while select finishes vary between units. Newer water heaters serve the property, and major mechanical improvements include one HVAC replacement in 2018 and three additional replacements in 2021.

A newer roof was installed in 2023. The property is near downtown Mocksville, with access to shopping, dining, and area amenities. GR zoning applies to the site. The 1.01-acre parcel may support additional income-producing development, subject to zoning, permitting, utilities, and other applicable requirements.

Key Highlights

  • Four‑unit property built in 1949
  • 1.01‑acre site near downtown Mocksville
  • Newer roof installed in 2023

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Auto Repair Shop Auto Parts Store HVAC Service Real Estate Agency Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

69
Businesses Nearby

Demographics for 27028, NC

26,479
Population
11,096
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
88%
High-School Grad
192.8 sq mi
ZIP Area
137
Density / Sq Mi
$66,166
Median Household Income
$39,858
Median Earnings
$837
Median Rent
$198,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four similar units feature refreshed interiors and updated building systems on a generous residential-income property.
Where is this quadplex located?
The property is located at 713 E lexington Road Mocksville, NC.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Four‑unit property built in 1949; 1.01‑acre site near downtown Mocksville; Newer roof installed in 2023
More about this property
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