Remodeled Duplex with
912 Rankin Avenue Gastonia, NC 28052
New
For Sale
$425,000
Remodeled duplex offering separate living spaces, two-car carport, and a basement with private entrance and laundry hookups.
Property Size3,198 SF
Price / SF$132.90
Days on Market7
Property Features for 912 Rankin Avenue
General Information
Standard status
Active
Size
3,198 SF
Property subtype
Duplex
Building Details
Year Built
1942
Listing Agency:
Beycome Brokerage Realty LLC
(804) 656-5007
Listed By:
Craig Tribus
(804) 656-5007
Source:
Blackstreaminternational
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 30 at 6:23AM
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 Beycome Brokerage Realty LLC
Investment Insights
Based on property information with market context.
This remodeled duplex provides flexible layout options with separate sides and independent systems. Each unit has its own HVAC and separate power meters, with the main living space featuring 4 bedrooms and 2 bathrooms plus additional living and dining areas, a large kitchen with eating area, and a laundry closet. The second apartment includes 2 bedrooms and 1 bathroom with living, dining, kitchen, and laundry rooms. The property also includes 3 fireplaces, multiple closets including cedar-lined closet space, and a 2-car carport with a large storage room. A 660-square-foot basement with a private entrance offers additional storage and includes washer and dryer hookups and a kitchenette.
The address is 912 Rankin Avenue in Gastonia, NC. The property is described as being convenient to the Fuse District and Uptown.
For buyers seeking a residence with income potential, the duplex configuration supports living in one side while renting the other, and the adjoining hotel-style doors are described as allowing the spaces to be used as one home.
The address is 912 Rankin Avenue in Gastonia, NC. The property is described as being convenient to the Fuse District and Uptown.
For buyers seeking a residence with income potential, the duplex configuration supports living in one side while renting the other, and the adjoining hotel-style doors are described as allowing the spaces to be used as one home.
Key Highlights
- 1942 remodeled multi‑family duplex with flexible setup for rental income or multi‑generational living
- Two separate living areas: main unit with 4 bed/2 bath plus upstairs sitting area, dining room, and large kitchen with eating area
- Second apartment with 2 bed/1 bath, including living room, dining room, kitchen, and laundry room
Financial Insights For Multifamily LT 5
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 | $57.6k | $18.00 |
| − Vacancy | −$4.6k | −$1.44 |
| EGI | $53.0k | $16.56 |
| − OpEx | −$15.9k | −$4.97 |
| NOI | $37.1k | $11.59 |
3,198 SF · lease $18.00/SF/yr · vacancy 7.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$529.7K
$463.5K – $618.0K
NOI $37,079 @ 7.0% cap · market cap 8.72%
Second Best
Apartment 5plus
$483.3K
$422.9K – $563.9K
NOI $33,834 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$1.01M
$880.7K – $1.17M
NOI $70,458 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex offering separate living spaces, two-car carport, and a basement with private entrance and laundry hookups.
Where is this duplex located?
The property is located at 912 Rankin Avenue Gastonia, NC.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1942 remodeled multi‑family duplex with flexible setup for rental income or multi‑generational living; Two separate living areas: main unit with 4 bed/2 bath plus upstairs sitting area, dining room, and large kitchen with eating area; Second apartment with 2 bed/1 bath, including living room, dining room, kitchen, and laundry room
