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Property summary
This exceptional 24-unit apartment building, situated at 414 11th St SW in Hickory, NC, presents a compelling investment opportunity. Built in 2001, the property boasts 15,600 square feet on a 3.75-acre lot and offers an attractive unit mix of one-bedroom, one-bathroom apartments, each featuring an exterior balcony. The property's current Net Operating Income (NOI) is $132,423, yielding a 6.97% capitalization rate, with an asking price of $1,900,000 ($79,167 per unit and $121.79 per square… foot). Benefiting from its strategic location just 1.8 miles from the new Appalachian State Graduate Campus and 1.5 miles from Hickory's central business district, the property enjoys easy access to major employers, retail amenities, restaurants, interstates, and schools. Catawba County's robust economic growth, driven by significant investments in data centers from companies like Apple and Microsoft, further enhances the property's long-term potential. The current owner has implemented successful value-add renovations, presenting opportunities to increase rents to market levels and further enhance profitability. This property offers investors a chance to capitalize on the thriving Hickory multifamily market, which is experiencing substantial growth due to its affordability and proximity to Charlotte. The combination of a strong existing NOI, value-add potential, and prime location makes this a highly attractive investment.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2023
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 6,732 SF
- Lot area
- 3.75 ac
- Year built
- 2001
- Stories
- 3
- APN
- 3702-05-07-3786
- Zoning
- R-4
- Assessed value · 2023
- $1,265,000
- Annual tax · 2023
- $10,797
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The R-4 zone is the highest density residential zoning district. It is primarily composed of multi family residential development, as well as small lot single family development. The R-4 district also provides areas for…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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