Updated Five-Unit Apartment
For Sale
$885,000
810 S Dalton St, Gastonia, NC 28052
Fully occupied multifamily property with renovated interiors, new HVAC systems, and in-unit laundry connections.
Property Size3,506 SF
Price / SF$252.42
Days on Market51
Property Features for 810 S Dalton St
General Information
Standard status
Active
Size
3,506 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Gross Income
$77,820
Highway Access
Yes
Multifamily Units
5
Amenities
in-unit washer/dryer
Building Details
Year Renovated
2023
Listing Agency:
NorthGroup Real Estate LLC
(704) 412-2804
Listed By:
Paul Gomez · License #292826
(704) 779-9243
Source:
Exprealty
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 7:41PM
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
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains 3,506 square feet and was fully occupied at the time of listing. Each unit received substantial updates in 2023, including new HVAC equipment, remodeled bathrooms, and reorganized space for side-by-side washers and dryers. Interior hardware and light fixtures were also replaced. Exterior improvements include new insulated vinyl windows and exterior paint completed shortly before 2023.
Located at 810 S Dalton St in Gastonia, the property is positioned near the ballpark, city center, and I-85. The offering is intended for an investor seeking a renovated multifamily asset with all five units leased. Property access and showings require coordination with the listing agent, and tenant areas are not to be approached without an accompanied appointment.
Located at 810 S Dalton St in Gastonia, the property is positioned near the ballpark, city center, and I-85. The offering is intended for an investor seeking a renovated multifamily asset with all five units leased. Property access and showings require coordination with the listing agent, and tenant areas are not to be approached without an accompanied appointment.
Key Highlights
- Five‑unit apartment property with 3,506 square feet
- All five units fully rented
- 2023 updates included new HVAC systems and remodeled bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,093
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,860
$741.9K
Cap Rate 7%
$529,900
$529.9K
Cap Rate 9%
$412,144
$412.1K
Market Conditions
NOI Build-Up for 3,506 SF
Gross rent
$73.6K $21.00/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$67.4K $19.24/SF
− OpEx
−$30.3K −$8.66/SF
NOI
$37.1K $10.58/SF
Area
Gaston County, NC
Vacancy
8.40%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,860
Cap Rate 7%
$529,900
Cap Rate 9%
$412,144
Alternative Uses
Best Use
Apartment 5plus
$529.9K
$463.7K – $618.2K
NOI $37,093 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$965.6K – $1.29M
NOI $77,244 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Explore this area
Business Placement
Demographics for 28052, NC
35,332
Population
15,561
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
83%
High-School Grad
41.4 sq mi
ZIP Area
853
Density / Sq Mi
$46,015
Median Household Income
$34,339
Median Earnings
$1,058
Median Rent
$173,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with renovated interiors, new HVAC systems, and in-unit laundry connections.
Where is this apartment building located?
The property is located at 810 S Dalton St Gastonia, NC.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Five‑unit apartment property with 3,506 square feet; All five units fully rented; 2023 updates included new HVAC systems and remodeled bathrooms
